Infrastructure News

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TRIG launches share issuance

by Kali Persall | Aug 31, 2021

The Renewables Infrastructure Group (TRIG) is planning to issue new ordinary shares at a price of £1.24 ($1.71) each to repay amounts drawn under its revolving credit facility and near-term funding requirements.

New Mexico SIC to commit $150m to Newmarket infra fund

by Kali Persall | Aug 31, 2021

The New Mexico State Investment Council (SIC) has approved a commitment of up to $150 million in Newmarket International Infrastructure Finance Company Fund III, according to a recent investment document.

24% increase in pipeline of offshore wind energy

by Andrea Zander | Aug 31, 2021

The U.S. Department of Energy has released three reports showing record growth in land-based wind energy, significant expansion of the pipeline for offshore wind projects and continued decline in the cost of wind energy generation — laying the groundwork for significant future gains as the Biden Administration pursues rapid acceleration of renewable energy deployment to reach its goal of 100 percent clean electricity by 2035.

Google to invest $1b in German cloud business

by Andrea Zander | Aug 31, 2021

Alphabet Inc.'s Google with an agreement with ENGIE, a European utility, has plans to invest €1 billion ($1.18 billion) in digital infrastructure and clean energy in Germany, according to an announcement.

CNOOC commences first offshore CCS project in China

by Kali Persall | Aug 30, 2021

CNOOC, China’s top offshore oil and gas producer, has launched the country’s first offshore carbon capture and storage (CCS) project in South China Sea, according to Reuters.

Major carbon capture project to be delivered in Indonesia

by Kali Persall | Aug 30, 2021

Indonesian oil and gas regulator SKK Migas has approved BP’s plan to develop a carbon capture utilization and storage (CCUS) project at the Tangguh LNG export complex in Indonesia, which could make it “one of the lowest greenhouse gas intensity LNG plants in the world,” according to Energy Voice.

India’s Oil and Natural Gas Corp. looks to offshore wind

by Kali Persall | Aug 30, 2021

Oil and Natural Gas Corp. (ONGC), India's largest oil and gas producer, is considering offshore wind opportunities in an effort to beef up its renewable-energy portfolio, according to The Economic Times India.
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