Gazprom to pay dividends according to IFRS in 2-3 years
Record pipeline investments could boost Gazprom’s free cash flows and dividends further
Spain writes to the EU proposing a ‘carbon border tax’ on power imports
The move reflects the country’s efforts to achieve environmental targets amid rising climate change
Egypt’s petroleum sector to attract $10 bn worth investments in 2019-20
The new investments will add to the existing $30 billion investments in the sector over the last three years
Economic slowdown pushes global power and utility M&A deals into steep dive
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
Piramal, Canada pension plan launch $600 mn renewable energy fund
CPPIB will contribute $360 million and Piramal will provide financing of $90 million to the renewable energy fund
Siemens ‘can win large part’ of $14 bn Iraq electricity deals
Siemens plans to increase Iraq’s power production capacity by 50% by building new plants and upgrading existing ones
Dewa M-Station project is the largest power and desalination plant in UAE
The project’s extension in Jebel Ali cost Dh1.527 billion and has new generating units with a total capacity of 700MW
Fiat partners with Tesla to meet European Union emissions target
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
Renewable energy accounts for a third of global power capacity, IRENA says
The annual increase of 7.9 percent was bolstered by new additions from solar and wind energy, which accounted for 84% of the growth
Vestas leads among four big turbine makers
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
IFC invests to support renewable energy investments in Asia Pacific
IFC’s investment anchored a $300 million green bond, attracting interest from international and Philippine institutional and bank investors