• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 2 hours Alberta govt to construct another WCS processing refinery
  • 2 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 59 mins What Can Bring Oil Down to $20?
  • 1 min Let's Just Block the Sun, Shall We?
  • 3 hours OPEC Cuts Deep to Save Cartel
  • 7 hours Regular Gas dropped to $2.21 per gallon today
  • 9 hours Venezuela continues to sink in misery
  • 7 hours $867 billion farm bill passed
  • 1 day Sane Take on the Russia-Ukraine Case
  • 2 days Waste-to-Energy Chugging Along
  • 1 day Sleeping Hydrocarbon Giant
  • 11 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 5 hours Global Economy-Bad Days Are coming
  • 11 hours WTO So Set Up Panels To Rule On U.S. Tariff Disputes
The Next Big Development In Offshore Oil & Gas

The Next Big Development In Offshore Oil & Gas

German tech company Siemens announced…

IEA: OPEC+ Has Put “A Floor Under Prices”

IEA: OPEC+ Has Put “A Floor Under Prices”

The IEA thinks that OPEC…

Terra Firma to Set Up a $5 Billion Renewable Energy Investment Fund

The private equity firm Terra Firma has joined with the Chinese Development Bank to create a multi-billion dollar renewable energy investment fund. They will start “raising between $3 and $5 billion in the next few months, with China Development Bank to put an as-yet-undefined amount into the fund.”

The move into renewable energy is not new for Terra Firma who already own; Infinis, which collects landfill gas; EverPower, a US wind farm operator; and Rete Rinnovabile, Italy’s leading solar power generator.

Despite the cuts that some governments have made to their renewable energy subsidy schemes, Terra Firm clearly remain confident that the renewable energy sector is going to continue to grow.

Renewable Energy: Deal with the "Devil", Invest in Iranian Renewable Energy

A report from the UN Environment Programme said that the “cuts have not much dented the investment picture overall and global spending on renewable energy reached $257 billion in 2011.”

China Development Bank will focus on attracting investors from China, while Terra Firma will focus on the US and Europe.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News