Investment
Investment: Financial investments in renewable energy and EV sectors.
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Equinor to Withdraw from Last Australian Offshore Wind Project, Casting Doubt on NSW Renewable Plans
Equinor, the Norwegian state-owned energy conglomerate, is expected to withdraw from the Novocastrian offshore wind project near Newcastle by month's end.
U.S. investment firm Sixth Street has acquired a 38% stake in Italian renewable energy company Sorgenia, valuing the firm at €4 billion ($4.6 billion).
Investor interest in the energy sector surged, with key players across solar, diversified energy, and traditional oil and gas experiencing elevated trading volumes.
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The Scottish Government has conditionally approved SSE Renewables' 4.1 GW Berwick Bank offshore wind farm, poised to be one of Europe's largest.
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New Zealand's Parliament has voted to lift the 2018 ban on offshore gas and oil exploration, aiming to enhance the nation's energy security.
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