Contribution By Paroma Bhattacharya
December 12, 2018
The deal will offer Shell power from Octopus’ clean energy portfolio, fixing power prices for a period of five years UK-based PV asset owner, Octopus Energy Ltd. has recently signed a five-year power purchase agreement (PPA) to supply power to Royal Dutch Shell’s energy marketing …
Australia now exceeds Qatar as the world’s largest LNG exporter
December 10, 2018
The country loaded 6.5 million tons of LNG for exports in November 2018, overtaking Qatar’s 6.2 million tons sent in the same period. Australia has recently surpassed Qatar by becoming the world’s largest exporter of LNG (liquefied natural gas) for the first time. The rise …
Egypt grants green signal for BP’s 25% buyout of Nour Gas Concession
December 10, 2018
BP and Abu Dhabi based Mubadala Investment are apparently buying stakes in the Nour gas concession in offshore North Sinai. The purchase has, as per reports, had been approved by Egypt’s petroleum minister. For the record, Nour is situated near the Zohr gas field, in …
Croatia’s HEP to pour over $150M a year in renewable energy by 2030
December 10, 2018
The investment will be used to develop the region’s renewable energy sectors and attain higher energy output Croatia’s national power company, Hrvatska elektroprivreda (HEP) has recently announced plans to invest around 1 billion Croatian Kuna ($153.96 million) a year on average until 2030, to boost …
British-Belgian electricity power link to start operation from 2019
December 7, 2018
Belgium and the UK keen on increasing their electricity supplies The Nemo Link will enable up to 1,000 MW of electricity to flow between Britain and Belgium Belgian grid operator Elia and British National Grid have reportedly launched their $764 million (600 million pound) joint …
Faroe Petroleum to exchange O&G assets with Norway’s’ Equinor
December 6, 2018
Faroe Petroleum, the UK based O&G firm, has recently concluded a deal to exchange Norwegian O&Gassets with Equinor. The agreement is being viewed as a move that will allow the company to return cash to its shareholders during a time when its is facing a …
Danish offshore wind giant Ørsted acquires US-based Deepwater Wind
October 9, 2018
Denmark based offshore wind developer Ørsted has reportedly acquired Deepwater Wind, the U.S. offshore wind developer in an attempt to expand into the U.S. offshore wind industry. The firm’s name will be changed to Orsted US Offshore Wind and Ørsted has allegedly paid $510 million …
Macquarie Group to invest in the Pilbara wind solar hybrid project
October 8, 2018
The Sydney-based asset management company Macquarie Group has reportedly announced that it would be investing in the Pilbara hybrid wind solar facility by joining the project consortium to boost the project’s capacity to 11GW from 9GW. The Asia Renewable Energy Hub (AREH) reportedly has an …