South Africa's biggest green hydrogen project is seeking proposals from engineering companies to develop a $5.8 billion complex https://t.co/4E9AtvZU2B ...

Green factory projects took off across the US with federal incentives and optimism about the shift to clean energy. Then came Trump's megabill https://t.co/1MXgXpaH1W ...

China is ready to cooperate with France in industries such as nuclear power, aviation, AI, green energy and biotechnology, Foreign Minister Wang Yi said https://t.co/srt1rCvU2X ...

Japan’s $1.7 trillion Government Pension Investment Fund has added to its ESG investments, rejecting the shift away from green strategies by many global asset managers https://t.co/ambFqnprcF ...

Developers of renewable energy are rushing to lock in German projects as Berlin’s tone on the green transition shifts, sparking worries that strong government support may start to dwindle https://t.co/lOIBlhFsJ3 ...

Key Takeaways E completed Zohr 6 drilling, adding 60M cubic feet/day to Egypt's natural gas production capacity. Zohr 13 is expected to add 55M cubic feet/day as E continues to expand production at the offshore site. E targets 3.2B cubic feet/day by end-2025 and plans two more Zohr wells with a $360M investment in 2026.Eni S.p.A (E) has concluded drilling activities for a well at the Zohr gas field, located off the coast of Egypt. The drilling assignment was carried out by the Saipem 10000 drillship, whic ...

Key Takeaways PLUG faces declining hydrogen equipment sales, negative margins and high cash burn pressures. A $1.66B DOE loan backs PLUG's plan to build six green hydrogen plants across the US. New JV with OLN and tax credit extensions may aid PLUG's long-term hydrogen growth strategy.Plug Power Inc. (PLUG) has been plagued with a high cash burn rate and negative gross margins over the past several quarters. Decline in revenues from the sales of hydrogen equipment and related infrastructure has been weigh ...

EPSO-G (legal entity code 302826889, registered address Laisvės pr. 10, Vilnius, Lithuania) Following the approval of the updated letter of expectations by the Ministry of Energy, the new EPSO-G energy group of companies will have clear and even broader areas of responsibility. Key priorities include enabling the green energy transition, international interconnections, strengthening resilience and security, and ensuring the flexibility of the electricity system. National security The Ministry of Energy pays ...

Turkey approves plans to launch a carbon market to help reduce greenhouse gas emissions to net zero by 2053 https://t.co/D28VkSzIC2 ...

Core Viewpoint - Brookfield Business Partners has agreed to sell portions of its interests in three businesses to a new evergreen private equity strategy managed by Brookfield Asset Management, which targets high-net-worth investors [1][2]. Transaction Details - The transaction involves selling approximately 12% of DexKo, 7% of CDK Global, and 5% of BrandSafway to the New Fund [2]. - Brookfield Business Partners will receive units of the New Fund valued at approximately $690 million, reflecting an 8.6% discount to the net asset value (NAV) of the interests sold [3]. Financial Implications - The units are expected to be redeemed for cash at an 8.6% discount to NAV within 18 months after the initial closing of the New Fund [3]. - The transaction is anticipated to be accretive to the trading price of Brookfield Business Partners' units and shares, allowing for accelerated capital return and reinvestment in business growth [5]. Independent Review Process - An independent committee of directors reviewed the transaction, retaining external financial and legal advisors to ensure fairness [4][6]. - The independent financial advisor provided a fairness opinion, concluding that the transaction is fair from a financial perspective [7][8]. Strategic Benefits - The transaction provides the new private equity strategy with an immediate diversified seed portfolio prior to its launch [5]. - The transaction is exempt from formal valuation and minority shareholder approval requirements as it is less than 25% of the consolidated market capitalization of Brookfield Business Partners [10].