Renewable Energy
US energy storage achieves new record in Q4: Wood Mackenzie
The U.S. energy storage market achieved a new record in the fourth quarter of 2021, with new system installations reaching 4,727 MWh, according to...
Renewable Energy
Exxon appoints Dan Ammann to lead energy transition business
Exxon Mobil has appointed Dan Ammann, former president of automaker General Motors, to lead the oil company’s energy transition business.
The appointment signals a shift...
Renewable Energy
Adani Green raises $288 mn construction facility
Adani Green Energy has extended its Construction Financing Framework to $1.64 billion by raising a $288 million facility for its under-construction renewable asset portfolio...
Renewable Energy
Aramco plans $40-50 billion Capex in 2022
Saudi Arabian Oil Company (Aramco) said net income increased by 124 percent to $110 billion in 2021, compared to $49 billion in 2020. The...
Renewable Energy
Indiana Michigan Power invites bids for solar and wind projects
Indiana Michigan Power, an American Electric Power company, has issued a request for proposals (RFP) for facilities that will generate approximately 800 megawatts (MW) of...
Renewable Energy
BP CEO pay package more than doubles to $5.9 mn
BP CEO Bernard Looney’s total remuneration in 2021 rose to 4.46 million pounds ($5.86 million) from 1.74 million, BP’s annual report published on Friday...
Renewable Energy
Court Ruling positive for Indian renewable generators’ liquidity: Fitch Ratings
A recent ruling by the High Court of Andhra Pradesh that directs distribution utilities in the Indian state to make long-delayed payments to renewable...
Renewable Energy
Reliance New Energy buys Lithium Werks BV for $61 mn
Reliance New Energy, a subsidiary of Reliance Industries (RIL), will acquire Lithium Werks BV for $61 million including funding for future growth.
The assets include...