Energy Update
Recently, the message on Texas clean energy has been getting clearer — the market is driving the clean energy economy forward. And some of those spreading the message are making it loud and clear.
Off Grid Electric, a San Francisco-based company that develops rooftop solar and battery systems in Africa, has raised $55 million as it expands into Ghana. The Series D round was led by Helios Investment Partners and included GE Ventures, the venture capital subsidiary of General Electric Co., Off Grid said in a statement Thursday. The company’s Ghana expansion is part of a partnership with Electricite de France SA.
More mergers and acquisitions could be in store for the oil patch in 2018, experts say, boosted by oil prices at levels not seen in 30 months and a flurry of available acreage as companies focus on their very best plays.
(Mon, 22 Jan 2018) EIAâs January 2018 <em>Short-Term Energy Outlook</em> (STEO) forecasts that natural gas will remain the primary source of U.S. electricity generation for at least the next two years. The share of total electricity supplied by natural gas-fired power plants is expected to average 33% in 2018 and 34% in 2019, up from 32% in 2017.
India’s Oil and Natural Gas Corporation (ONGC) has signed an agreement to acquire 51.11% stake in state-refiner Hindustan Petroleum Corporation (HPCL) for Rs369bn ($5.78bn).
Iraq has signed a memorandum of understanding (MoU) with US energy firm Orion Energy to process natural gas produced from the giant Nahr Bin Omar oil field located in the province of Basra.
On January 23, DistribuTECH, one of the fastest growing conferences and expos in the country is set to open.
Sweden-based green builder Skanska this week said that it has secured a deal that will allow it to cover office buildings with perovskite solar cells on a commercial scale.
Shell Global unit Shell Energy Europe has agreed to buy the power from the largest solar power plant in England.
The Canadian government has allocated funding to support research and development of biomass projects for heating and power in an effort to innovate the country’s forest sector and combat the effects of climate change.
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