Afreximbank Confirms Disbursement of $2.25bn Crude Oil Prepayment Facility

The African Export-Import Bank (Afreximbank) has confirmed the initial disbursement of $2.25 billion out of the…

Petrobras Shifts Focus to Local Greenfield Projects

Petrobras, the state-run Brazilian oil firm, has announced that it would not invest in foreign wind…

Egypt, ACWA Power Sign $1.5bn Wind Energy Agreement

Egyptian cabinet has stated that the country has signed an agreement for a 1.1 gigawatt wind…

IPR Energy Discovers Oil in Egypt

US-based IPR Energy Group (IPR) has discovered oil with its West AY-1X exploration well onshore Egypt.…

World Bank Grants Iberdrola €300m to Develop Renewable Projects

The World Bank’s private sector investment arm, the International Finance Corporation (IFC), has granted Iberdrola, a…

Statkraft Set to Upgrade its Domestic Hydro and Wind Power Facilities  

Statkraft, Norway’s renewable power producer, said it plans to invest up to 6 billion euros ($6.56…

Evergreen Power Signs 400MW Hybrid Renewables MoU with India

Evergreen Power Solutions Inc., the Indian unit of the United States green energy platform, has sealed…

Kinetic Energy to Expand Natural Gas in South Africa

The recently signed liquefied natural gas (LNG) development project in South Africa’s Mpumalanga province is a…

Arise Wind Farm Acquires 70% Share in Ukrainian Fenik Repower

Arise AB, a Swedish onshore wind farm developer, said it has acquired a 70 per cent…

Invictus Energy Discovers Gas in Zimbabwe

Australia’s Invictus Energy has confirmed a gas discovery at its exploration site in the Cabora Bassa…