News

Eneos to Acquire Japan Renewable Energy for US$1.8 Billion

published: 2021-10-15 9:30
News agencies and energy news websites reported on October 7 that Japan’s petroleum refiner Eneos has offered US$1.8 billion (200 billion yen) to acquire Japan Renewable Energy from its owners Goldman Sachs and Singaporean sovereign wealth fund GIC. According to Nikkei, this is the first major renewable energy deal that Eneos is pursuing and an indication that the refiner is making a strategic shift away from its traditional fossil fuel businesses. ...  more

Honda Announces Five Models for New BEV Brand e:N in China

published: 2021-10-15 9:30
Honda announced on October 14 that the company will be pushing forward a new brand titled e:N in the Chinese market by co-developing with two joint ventures, and showcased five models at once, which will be available to the public in Spring 2022 at the earliest. ...  more

Is Energy Transformation a Bad Move? EU: Carbon Market Funds Able to Mitigate Impact from Surging Electricity Prices

published: 2021-10-14 9:30
The imbalanced energy supply and surging electricity prices of Europe may be harmful to the promotion of the Green New Deal and the carbon market policy, which is an unfortunate development seeing as how the continent is hit with an energy crisis when it just started discussing strategies in carbon reduction. The EU, however, is confident that the funds from the carbon market are able to mitigate the impact of elevating energy cost on consumers. ...  more