The conglomerate led by Mukesh Ambani, Asia’s richest man, announced plans to invest $76 billion toward clean energy projects, dwarfing an earlier commitment of $10 billion by the world’s biggest fossil-fuel billionaire.
The Indonesian government estimates that total investment of up to $1,043 billion will be needed to develop new power plants fuelled by renewable energy to achieve its goal of carbon neutrality by 2060. The Southeast Asian nation is currently heavily reliant on coal for power generation.
French power company EDF Group (EPA:EDF) has signed a memorandum of understanding with Singapore government-owned utilities company SP Group to jointly develop a subsea transmission cable to enable renewable energy imports from Indonesia to Singapore.
An energy industry consultancy's diversification into renewables is expected to create new jobs in Aberdeen, London and other global locations.
State-backed Thai player PTT Exploration & Production’s (PTTEP’s) new chief executive, Montri Rawanchaikul, intends to strengthen the firm’s core upstream business in Southeast Asia, while preparing for new energy opportunities.
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
Renewable energy developer SSE Renewables is celebrating first power from one of its new onshore wind farms.
BlackRock has raised $4.8 billion (£3.5bn) for a new fund to invest in renewable power assets around the world - almost double its initial target.
Indonesian national oil company (NOC) Pertamina has a planned capital expenditure totalling $92 billion for the term 2020-24. The NOC will be seeking external funding and partnerships to meet this goal.
Malaysia’s Petronas is almost doubling its yearly capital investment spend on new energy initiatives this year as it eyes a slow measured diversification away from the traditional oil and gas business.
Chevron has announced the launch of its $300 million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all, it said.
Carbon Neutral Energy (CNE) has brought in a marine and shipping sector veteran with a bulging contacts book to help speed up the fledgling green battery firm’s growth.
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
Boris Johnson’s plan to quadruple the size of the U.K. offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.
Global skills body OPITO has marked a “strategic shift” in the business after it made its first move into the renewable energy industry.
Work to install monopiles for what will be the world’s largest offshore wind farm are due to get underway in the coming weeks.
The boss of one of Scotland's leading renewable developments has warned the country needs to be proactive if it’s going to maintain its places as a "world leader" in floating wind.
The Scottish Government has unveiled a £100million Green Jobs Fund as the country aims to make a low-carbon recovery from Covid-19.
Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming.
Shell and Total are being urged to put their money where their mouth is after a new report showed the pair are still investing much more in hydrocarbons than renewable energy.
A trio of European energy businesses have announced a new partnership with the aim of developing offshore wind projects around the Scottish coastline.
Aberdeen-headquartered energy services firm Wood has announced multi-million pound cost savings and an increased renewable energy contracts since the start of 2020.
United Arab Emirates-based firm Lamprell has been announced as one of the contract winners to manufacture jackets for a mammoth Scottish offshore wind development.
A future vision for exporting energy sector talent would “hear a Scottish voice” on every overseas renewables project, according to a trade body boss.
Renewables generated more than 40% of Britain's power in the first three months of the year - overtaking fossil fuels for the first time, analysis shows.