Investment
Investment: Financial investments in renewable energy and EV sectors.
The planned billion-dollar Kore Power battery factory in Buckeye, Arizona, remains an empty lot, symbolizing broader challenges for U.S. green manufacturing initiatives.
Vietnamese EV manufacturer VinFast has secured a $510 million private credit loan from Deutsche Bank AG and SeaTown Holdings International to fund its aggressive global expansion plans.
Skycorp Solar Group has committed US$150 million to acquire and develop photovoltaic power plants, marking a significant expansion beyond its traditional manufacturing base.
Shares of leading wind energy companies Vestas and Ørsted experienced notable gains, rising 8.4% and 5% respectively, following positive investor sentiment regarding updated U.S. legislative developments.
Zambia has officially commissioned its largest grid-connected solar photovoltaic project, adding 100 megawatts of clean energy capacity to the national grid.
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Ofgem has launched two new consultations detailing the project assessment and financial framework for the UK's Long Duration Energy Storage Cap and Floor scheme.
A leading global automaker has announced a €4 billion investment to construct a state-of-the-art electric vehicle battery gigafactory in Germany.
The global energy transition is accelerating rapidly, driven by compelling economic forces rather than solely environmental mandates, as highlighted by former UK Energy Minister Chris Skidmore.