PARIS: In line with its renewables business model, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the completion of the sale of 50% of a 270 MW wind and solar portfolio in France to investment funds managed by Eiffel investment Group. This transaction values the portfolio at €265 million. Following this transaction, TotalEnergies retains a 50% stake and…
Tag: Renewable energy
TotalEnergies divests 50% of 1.4 GW solar portfolio in North America for $950 million
PARIS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with insurance vehicles and accounts managed by KKR, a leading global investment firm, for the sale of 50% of a 1.4 GW solar portfolio in North America. This transaction – which aligns with TotalEnergies’ renewables business model – values the portfolio at an enterprise value of…
EQTEC losses narrow as strategic pivot to licencing boosts margins
The net loss narrowed to €2.07 million from €3.2 million, while its EBITDA loss improved to €1.1 million from €1.6 million LONDON: EQTEC plc, a syngas technology company, reported a sharp drop in first-half revenue but highlighted a significant improvement in gross margins as it pivots away from high-risk project development towards a leaner, intellectual…
Pantheon Infrastructure commits £30 million to US energy and data centre leader Intersect Power
LONDON: Pantheon Infrastructure PLC, the listed global infrastructure fund, has committed to invest approximately £30 million in energy and data centre developer Intersect Power, through a vehicle managed by Climate Adaptive Infrastructure, a US-based infrastructure investor that has raised and managed over $1.3bn in assets. Intersect, headquartered in California, develops and operates utility-scale and industrial power infrastructure to…
Livium partners with South Korea’s Won Kwang S&T to tackle Australia’s solar waste crisis
MELBOURNE: Livium Ltd. (ASX: LIT), a leading Australian clean energy recycler, has signed a memorandum of understanding with South Korean solar innovator Won Kwang S&T to jointly address Australia’s mounting solar panel waste through advanced recycling technologies. The agreement marks Livium’s strategic expansion into photovoltaic (PV) recycling, leveraging its subsidiary Envirostream’s infrastructure and customer base…
TotalEnergies, QatarEnergy launch final phase of Iraq’s $10 billion GGIP multi-energy project
PARIS: TotalEnergies and QatarEnergy have officially launched the final two components of Iraq’s $10 billion Gas Growth Integrated Project (GGIP), marking a major milestone in the country’s energy transformation. Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Saad Sherida Al-Kaabi, Qatari Minister of State for Energy Affairs and CEO of QatarEnergy, met with Iraqi Prime…
Invinity signs MoU with Xiamen C&D to advance vanadium battery manufacturing in China
LONDON: Invinity Energy Systems plc (AIM: IES) (OTCQX: IESVF), a global leader in utility-grade energy storage, has signed a non-binding memorandum of understanding with Xiamen C&D Corporation Limited to explore the establishment of manufacturing facilities for vanadium flow batteries in Xiamen. The agreement, signed during the opening of the UK Government Pavilion at the 25th…
Hydropulse and ABO Energy partner to accelerate green hydrogen deployment in Europe
LONDON: Hydropulse, the newly launched build-own-operate subsidiary of ITM Power plc, has entered into a strategic partnership with ABO Energy, a global renewable energy developer, to fast-track green hydrogen projects across Europe. The collaboration aims to combine ABO Energy’s industrial offtaker network and international development pipeline with Hydropulse’s modular hydrogen production capabilities, powered by ITM’s…
DP World posts strong H1 2025 results amid global trade disruptions
Cash generated from operations surged to $2.63 billion, up 25.6% from the prior year DUBAI: DP World reported robust financial results for the first half of 2025, with revenue rising 20.4% year-over-year to $11.24 billion and adjusted EBITDA climbing 21.4% to $3.03 billion, despite ongoing geopolitical tensions and supply chain disruptions. The global logistics giant…
Saudi Aramco posts $50.9bn H1 profit amid market volatility; Maintains 100% supply reliability
Energy giant advances upstream projects, boosts AI capacity and renewables, declares $42.7 billion in dividends despite lower crude prices RIYADH: Saudi Aramco (2222.SE), the world’s largest oil exporter, reported a robust financial performance for the first half of 2025, posting an adjusted net income of $50.9 billion despite lower crude prices and geopolitical headwinds. The…
Aker Solutions posts solid Q2; Reaffirms full-year outlook as order backlog climbs
OSLO: Norwegian engineering company Aker Solutions reported a strong second quarter performance on Thursday, backed by high project activity and continued momentum in its core markets. Second-quarter revenue rose to NOK 15.2 billion ($1.43 billion), up from NOK 12.8 billion in the same period last year, as the company executed key milestones including installation of…
European shares rise on strong U.S. jobs data, trade talks momentum
Bank stocks climb, renewable energy surges as trade optimism and U.S. job data fuel European market gains LONDON: European stocks advanced Thursday as investors welcomed unexpectedly strong U.S. jobs data, which bolstered global equities and lifted bank shares across the region. Hopes for a trade accord between the European Union and the United States also…