Energy Update
The transaction also includes Ocean Rig’s net debt, which stood at $397m at the end of March this year. Transocean intends to fund the cash portion of the
The post Transocean to acquire Ocean Rig for $2.7bn appeared first on Compelo Energy.
The new company includes NRG Energy’s former renewables platform and its previously held controlling stake of 46% in NRG Yield. The assets were acquired by GIP through its
Spurred by President Trump’s announcement that the United States will abandon commitments President Obama made in the Paris Climate Agreement, western seaboard elected officials are highly motivated to act on climate change, notwithstanding the Trump Administration’s actions to replace the Clean Power Plan. California has a well-established and functioning “cap and trade” program that has survived judicial challenge and been extended through 2030.
The top solar manufacturers in China are boosting production capacity, betting higher output will help them seize a bigger chunk of the global market that is set for its first-ever annual contraction.
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The value of global power and utility merger and acquisitions reached an all-time high of $180bn in the first half of this year – and renewables accounted for almost half of all deals done in the second quarter.
The renewable energy developer secured 20-year power purchase agreements (PPAs) in this regard to sell power generated from two wind farms – the 176MW Jerusalem wind farm and
The post EDPR bags 429MW of new wind capacity in Brazil’s energy auction appeared first on Compelo Energy.
The firm owns one-third of Pancontinental Namibia, which holds 30% interest in PEL 37. This brings Africa Energy’s stake in PEL 37 to 10%. Other joint venture partners
The post Africa Energy spuds Cormorant-1 well in PEL 37 offshore Namibia appeared first on Compelo Energy.
KV1 is one of five known kimberlite pipes within the Company’s Kareevlei project area and has an Inferred Mineral Resource grade of 6.3cpht which is 40% greater than
In 2015, the Austrian government filed a legal complaint with the European Commission against state subsidies to the £19.6bn Hinkley Point C nuclear power plant to be built
The post Austria set to appeal EU judgment on Hinkley Point C nuclear power plant appeared first on Compelo Energy.
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