QatarEnergy acquires Siraj Energy to consolidate its position in the renewables business

Key Insights and Signals in Energy & Utilities

Centre Setup and Expansion
TC Energy, 3 Rivers Energy to develop renewable natural gas production facility at Jack Daniel Distillery 
The companies announced a USD 29.3 Mn investment in a renewable natural gas (RNG) production facility near the Jack Daniel Distillery in Lynchburg, TN. Owned by Lynchburg Renewable Fuels LLC, the facility will produce RNG with a carbon intensity score 50% lower than traditional natural gas, saving up to 16,000 tonnes CO2e/ year. Read More>>
Greenergy inaugurates EUR 10 Mn solar park 
Greenerergy inaugurated the solar park on the outskirts of Paks. It will generate 17 GWh of electricity in its first year, enough to power 5,500 homes. The investment was financed with the proceeds from a HUF 5.7 billion bond issued in the framework of the Bond Funding for Growth Scheme of the National Bank of Hungary. Read More>>
Tata Power to develop 8,000 MW utility-scale project in Rajasthan 
Tata Power will expand its business footprint in Rajasthan by developing up to 8,000 megawatts of utility-scale projects, 1,000 MW of solar rooftops, and 1,50,000 solar pumps in the next five years. Tata Power is fully poised to make Rajasthan future-ready, realize its full potential, and emerge as a Green Powerhouse of the country. Read More>>
Suzlon Energy secures order of 144.9 MW from Aditya Birla Group 
Suzlon Energy has secured an order to develop 144.9 MW wind power projects for the Aditya Birla Group. Suzlon will install 69 wind turbine generators with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each. Read More>>
Nordex lands 100-MW wind turbine order in Finland 
Nordex received an order from Finnish investment company Exilion Tuuli Ky to provide 100 MW of turbines for two wind farms in northern Finland. Under the contract, secured at the end of September, Nordex will supply and install 17 units of its N163/5. Read More>>
Vestas wins 50 MW order in Japan 
Vestas secured a 50 MW order with Toda Corporation for the SGET Iwaizumi Wind Farm in Iwate prefecture, Japan. The order includes supply and supervision of the installation of turbines, of which nine will be installed on 114-meter towers and the other three on 84-meter towers. Read More>>
Merger and Acquisition
QatarEnergy signs an agreement to fully acquire Siraj Energy 
QatarEnergy signed a share sale and purchase agreement with Qatar Electricity and Water Company (QEWC) to acquire QEWCs’ 49% interest in Siraj Energy. As a result of the agreement, Siraj Energy will become a wholly-owned affiliate of QatarEnergy. Read More>>
TotalEnergies and Sembcorp formed an LNG supply partnership in Singapore 
TotalEnergies partnered with Sembcorp Energy Singapore, an integrated energy and environmental services player, to import a liquefied natural gas (LNG) supply strip in Singapore. The agreement will see Sembcorp import an LNG supply strip from TotalEnergies’ global portfolio for five years starting in 2025. Read More>>
Bahri and Saudi Electricity Company sign MoU to collaborate on supply chain logistics 
The two companies have signed a MoU to enhance cooperation across their supply chain operations. The signing occurred on the sidelines of the supply chain conference from 16 to 17 October 2022 at the Four Seasons Hotel Riyadh under H.E. Bandar Ibrahim Alkhorayef, Saudi Minister of Industry and Mineral Resources. Read More>>
Executive Movement
Equinor appoints New President of US Offshore Wind 
Equinor announced that Molly Morris will serve as the new President of Equinor Wind US, effective January 1, 2023, succeeding Siri Espedal Kindem, who will take on an exciting new opportunity within Equinor. Read More>>
NextEra Energy announces the appointment of Nicole S. Arnaboldi to the board of directors 
NextEra Energy is pleased to welcome Nicole to the NextEra Energy board. Nicole brings the board a wealth of finance and business expertise, along with a proven track record. They look forward to benefitting from her valuable insight and counsel as we continue to grow NextEra Energy and position the company to lead the decarbonization of the U.S. economy. Read More>>
Enerplus Corporation appoints Sherri A. Brillon to the Board of Directors 
Enerplus Corporation appointed Ms. Sherri A. Brillon to its Board of Directors. Ms. Brillon has over 35 years of experience in the oil and gas industry. Ms. Brillon currently serves on the board of directors of Delek Logistics Partners LP and has served as a director of the Canadian Chamber of Commerce, Alberta Energy Regulator, Tim Hortons Inc., and PrairieSky Royalty Ltd. Read More>>
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Latest Industry Insights from Draup Braindesk

Funding Alert

OVL plans USD 1 Bn investment in offshore Petrobras block 
State-run ONGC Videsh Ltd is looking to invest in a Brazilian offshore hydrocarbon block and raise its stake in the latest Indian effort to strengthen energy security. The investment plan comes against a growing energy partnership between India and Brazil. Read more>>

Startup Spotlight

Company – Circulor
Total Funding  USD 44.38 Mn
About: Circulor uses blockchain and AI to cut the cost of traceability and due diligence in raw materials supply chains. Its pioneer customers include car manufacturers, EV battery manufacturers, commodity traders, and miners who collectively want to pioneer more effective approaches to responsible sourcing. Read more>>

Latest Reports Published in Draup

Cummins Inc. Account Intelligence Report 
Cummins is developing hydrogen emission services that improve green hydrogen and electrolyzer systems like natural gas, advanced diesel, electrified solutions, hydrogen fuel cells, and other technologies. It aims to enhance zero-emission technologies. Read More>>
TotalEnergies Account Intelligence Report 
TotalEnergies focuses on enhancing hydrogen mobility, E.V. charging, and energy lubrication to enhance business capabilities. It offers potential battery and renewable energy solutions to accelerate digital transformation and advance digitization. Read More>>
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