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Renewable energy power generation company Jakson Green collaborated with Solar Energy Corporation of India (SECI) on Monday, by signing its first power purchase agreement (PPA) for a utility-scale solar photovoltaic (PV) power plant. The company said Jakson will make sure the required permits are obtained and Inter State Transmission System (ISTS) network is connected in […]
Emirate of Abu Dhabi-owned ADNOC acquired about 30% shareholding in OMV AG (OMV), an energy and chemicals group from Mubadala Investment Company (Mubadala) financial institute on Friday, to accelerate the delivery of its chemical growth strategy. Following the transaction, the company said it will own 24.9% of OMV, while Austrian-based firm Österreichische Beteiligungs AG (ÖBAG), […]
Renewable Energy firm Masdar completed the acquisition of 49 per cent shareholding in RWE’s 3 gigawatts (GW) planned offshore wind farms Dogger Bank South (DBS) project worth £11 billion ($13.90 billion) investment, on Thursday. In early December, this Joint venture was initiated at COP28 in Dubai, where RWE holds a 51% stake in the UK […]
Chinese mining firm Yintai Gold, on Sunday, said it will buy industry peer Osino Resources Corp in an all-cash deal for C$368 million ($272 million), by acquiring all the outstanding common shares of Osino. Under this agreement, Yintai will offer cash consideration of C$1.90 for each Osino common share, said the company and added, the […]
Chemical manufacturer Chevron Phillips Chemical (CPChem) in collaboration with oil and gas company QatarEnergy on Monday, commenced the construction of $6 billion integrated polymers complex in Ras Laffan Industrial City in Qatar. The Texas-based firm owns 30% and QatarEnergy owns 70% of the stakes of the project, said the firm. Additionally, CPChem will provide project […]
Indian government-backed company NTPC Green Energy Limited (NGEL), on Thursday, said Narendra Modi, Prime Minister of India will dedicate 300 MW Nokhra Solar Project of Renewable Energy NTPC to the nation. The energy company said this dedication will be held through a video-conferencing call, on Friday. The project is being executed under the Central Public […]
Renewable energy company Adani Green Energy Limited (AGEL), on Tuesday, said it has operationalized 551 megawatts (MW) of solar capacity, by supplying power to the national grid from its renewable energy (RE) park in Khavda, Gujarat. AGEL said it planned to develop 30 gigawatts (GW) of renewable energy capacity at RE Park, where it is […]
Emirate of Abu Dhabi-owned ADNOC said the company along with oil and gas BP is on board to form Joint Venture (JV) in Egypt on Wednesday, with BP holding 51% and ADNOC holding 49%. The collaboration aims to combine both the firm’s technical capabilities to grow a highly competitive gas portfolio. JV is expected to […]
Chemical manufacturer LG Energy Solution signed an offtake agreement with peer firm Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) on Tuesday, for lithium concentrate as well as to deliver efficient and sustainable power solutions to the North American market. The collaboration will allow WesCEF to supply about 85,000 tons of lithium concentrate to LG Energy, which […]
Batteries service provider Yuma Energy, on Tuesday, said the company has completed swapping10 million lifetime batteries, which also coincides with the first anniversary of the company, having commenced operations in last February. Yuma’s BaaS (battery-as-a-service) network has widened to about 125-plus Yuma stations marking 800,000 swaps per across its markets in Bengaluru, Mumbai, Navi Mumbai, […]
Renewables and environmental company Fuelre4m, on Tuesday, launched fossil fuel reforming organic, nano-biotechnology to make fossil fuel consumption efficient and affordable while transforming the way industries power their vehicles and generate electricity. The firm said it looks to bring innovative solutions to make the fossil fuel consumption process cleaner, more efficient, and cost-effective while accelerating […]
AI Technology for fleet and driver safety provider Netradyne said it would collaborate with IndianOil Skytanking (IOSL), airline fueling service provider on Tuesday. The company said it will provide its most advanced AI fleet camera system called Driver•i as a part of the engagement, which uses vision-based technologies to enhance driver safety, mitigate risks, and […]
