Renewables

The Latest

Investment

Eni to Speed Up Renewables Drive with Greenfield Development, M&A

Eni will expand its renewable energy in Europe, the U.S. and the Pacific by developing its own projects and making small acquisitions, the group’s clean energy head said on Dec. 4.

December 4, 2020

Business

Why ESG Is Here to Stay for Oil and Gas Industry

Find out why ESG and sustainability investing will likely be a permanent fixture among oil and gas companies, as well as their investors and stakeholders, for years to come.

December 4, 2020

Investment

US Energy Storage Firm Stem Nears $1.35 Billion Deal to go Public

U.S. artificial intelligence-driven energy storage company Stem Inc. is nearing a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition Corp. at a valuation of around $1.35 billion, according to people familiar with the matter on Dec. 3.

December 4, 2020

Renewables

Eni Acquires 20% Stake in Dogger Bank Wind Power Project from SSE, Equinor

Eni enters the world’s largest offshore wind project with the acquisition of a 20% stake in the U.K. Dogger Bank (A and B) 2.4 GW project.

December 4, 2020

Renewables

Ørsted Divests 25% Stake in 1,100 MW Ocean Wind Project to PSEG

Ørsted has entered into an agreement on Dec. 4 to sell a 25% ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG).

December 4, 2020

Investment

Houston Company to Build First US Vessel to Support Offshore Wind Boom

Great Lakes Dredge & Dock Corp. said the vessel for subsea rock installation would comply with the 100-year old Jones Act and could be operational as soon as early 2024.

December 4, 2020

Emissions

IEA: Energy Efficiency Progress Falters Amid Pandemic

The rate is well below that needed to achieve climate change goals, the group warns.

December 3, 2020

Emissions

UN: Fossil Fuel Production Far Exceeds Climate Targets

Coal, oil and gas output by 2030 will double what is needed to slow global warming.

December 3, 2020

Public Capital

Eni Forms Partnership to Build Green-hydrogen Projects

Enel, one of the world's biggest renewable energy companies developing green hydrogen projects in Spain, Chile and the U.S., agreed to work with Eni on plans to supply green hydrogen to two refineries in Italy.

December 2, 2020

Business

Oil and Gas Investor At Closing: Going Lo-Carb

Some industry players are not sitting by gnashing their teeth as the world discusses reducing fossil fuel use. Instead, they are planning to go on a low-carb diet.

November 30, 2020