July 25 (Reuters) – TotalEnergies (TTEF.PA) said on Tuesday that it would take full control of renewable energy company Total Eren, increasing its stake from 30% in the company to full ownership. TotalEnergies said that as part of the transaction, Total Eren would be valued on an enterprise value basis …
Read More »Canada’s Heliene plans new US solar panel and cell factory
July 24 (Reuters) – Canadian solar panel maker Heliene is planning a major expansion of its US manufacturing operations with a new Minnesota factory that will produce both modules and cells, its chief executive told Reuters. The company, which already makes panels in Iron Mountain, Minnesota and Ontario, Canada, is …
Read More »Chinese petchem firms are betting big on energy transition products
SINGAPORE, July 24 (Reuters) – Chinese oil refiners and petrochemical companies are investing tens of billions of dollars to produce high-end chemicals for solar panels and lithium-ion batteries to profit from growing demand for energy transition technologies. The investments illustrate China’s drive to reduce its import dependence and further cement …
Read More »Italy’s climate plan lacks financial strategy, think-tank warns
[1/2]A solar power plant is seen past wind turbines in Canino, central Italy, April 27, 2016. REUTERS/Max Rossi/File Photo MILAN, July 21 (Reuters) – Italy needs to invest 118 billion euros ($131 billion) annually to decarbonise its economy but lacks the financial strategy to attract funds from private investors and …
Read More »California has enough power during heat wave after Thursday emergency
July 21 (Reuters) – California’s power grid operator said it does not plan to ask consumers to conserve power on Friday after declaring an energy emergency late Thursday as homes and businesses cranked up their air conditioners to escape a lingering heat wave. The California Independent System Operator (ISO), which …
Read More »About 20 missing in Bhutan as floods wash away part of hydropower plant
KATHMANDU, July 21 (Reuters) – About 20 people were missing in Bhutan after flash floods triggered by heavy rains washed away a section of a small hydroelectric plant on Thursday, a local newspaper reported. Rescue and search teams have rushed to the area, authorities said. Prime Minister Lotay Tshering is …
Read More »Novatek set to oust Gazprom as Russia’s top gas supplier to Europe
[1/8]Russian President Vladimir Putin launches the first natural gas liquefaction line on a gravity-type base for the Arctic LNG-2 project as he visits the Novatek-Murmansk’s Offshore Superfacility Construction Center in the village of Belokamenka, Murmansk region, Russia July 20, 2023. … Read more Gazprom’s 2022 gas exports to Europe fell …
Read More »ACEN Corp ties up with Australia’s Aboriginal group to develop renewable energy
July 18 (Reuters) – Philippine energy company ACEN Corp (ACEN.PS) said on Tuesday it had partnered with Australia’s Yindjibarndi Aboriginal Corporation (YAC) to develop a renewable energy project in the Pilbara region of Western Australia. The partnership, known as the Yindjibarndi Energy Corporation (YEC), would develop renewable energy projects with …
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