Spain writes to the EU proposing a ‘carbon border tax’ on power importsInternational Finance DeskMay 28, 2019November 14, 2019 by International Finance DeskMay 28, 2019November 14, 2019 The move reflects the country’s efforts to achieve environmental targets amid rising climate change... Read more
Egypt’s petroleum sector to attract $10 bn worth investments in 2019-20International Finance DeskMay 17, 2019 by International Finance DeskMay 17, 2019 The new investments will add to the existing $30 billion investments in the sector over the last three years... Read more
Economic slowdown pushes global power and utility M&A deals into steep diveInternational Finance DeskMay 9, 2019 by International Finance DeskMay 9, 2019 According EY, the M&A market is down 80% to $20.6 bn in Q1 from a record high of $97 bn in the same period last year... Read more
Piramal, Canada pension plan launch $600 mn renewable energy fundInternational Finance DeskMay 8, 2019 by International Finance DeskMay 8, 2019 CPPIB will contribute $360 million and Piramal will provide financing of $90 million to the renewable energy fund... Read more
Siemens ‘can win large part’ of $14 bn Iraq electricity dealsInternational Finance DeskMay 1, 2019 by International Finance DeskMay 1, 2019 Siemens plans to increase Iraq’s power production capacity by 50% by building new plants and upgrading existing ones... Read more
Dewa M-Station project is the largest power and desalination plant in UAEInternational Finance DeskMay 1, 2019 by International Finance DeskMay 1, 2019 The project’s extension in Jebel Ali cost Dh1.527 billion and has new generating units with a total capacity of 700MW... Read more
Fiat partners with Tesla to meet European Union emissions targetInternational Finance DeskApril 10, 2019 by International Finance DeskApril 10, 2019 The new target expects all cars sold in the European Union to reduce carbon-dioxide emissions from 130 grams per kilometer to 95 grams by 2021... Read more
Renewable energy accounts for a third of global power capacity, IRENA saysInternational Finance DeskApril 2, 2019 by International Finance DeskApril 2, 2019 The annual increase of 7.9 percent was bolstered by new additions from solar and wind energy, which accounted for 84% of the growth... Read more
Vestas leads among four big turbine makersInternational Finance DeskFebruary 22, 2019November 13, 2019 by International Finance DeskFebruary 22, 2019November 13, 2019 Global commissioning of onshore wind turbines declined 3% in 2018, partly due to a slowdown in India and Germany—with growth expected to bounce back in 2019 resulting in32% jump to 60GW... Read more
IFC invests to support renewable energy investments in Asia PacificInternational Finance DeskFebruary 12, 2019 by International Finance DeskFebruary 12, 2019 IFC’s investment anchored a $300 million green bond, attracting interest from international and Philippine institutional and bank investors... Read more