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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
France
11-02-2022
France Remains Europe’s Biggest Power Exporter Despite Winter Imports
France maintained its position as the biggest net exporter of power in Europe in the second half of 2021, despite an extreme reliance on imports at the beginning of winter.
Hydropower Plant
10-02-2022
Investments in Hydro Set to Increase in 2022 Says New Research
Hydropower capacity in 2022 is set to exceed 1200GW and investments will climb to $36.3 billion, new research from Rystad Energy has suggested, with hydro set to solidify its position as the most popular renewable energy source.
10-02-2022
Sumitomo Electric Secures US$200M Worth 400 kV High-Voltage Direct Current Submarine Cable Project in UAE
Sumitomo Electric Industries, Ltd. has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) cable for Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE).
Offshore Wind Power
10-02-2022
UK to Hold Yearly Contracts for Difference Auctions from 2023 Onwards
The UK government will increase the frequency of auctions for funding through the Contracts for Difference (CfD) scheme to every year rather than every two years.
10-02-2022
Siemens Reports “Solid Performance” for Gas and Power
Siemens announced its results for the first quarter of fiscal year 2022 that ended Dec. 31, 2021.
Crude Oil
09-02-2022
U.S. Crude Output to Rise 770,000 bpd in 202R
U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.
Crude Oil
09-02-2022
Mexico Slashes Oil Exports to India
Mexico, which was one of the top-ten oil suppliers to India last year, has drastically cut its crude exports to the Asian consumer so far this year.
09-02-2022
Ofgem’s Boss: “We Need to Update the Price Cap More Frequently”
Ofgem’s Chief Executive Officer Jonathan Brearley has today hinted at more frequent changes in the level of the price cap.
Rooftop PV System
09-02-2022
New Custom Duty on Solar Equipment Looms over India’s RE Goals
The government will be introducing a 25% rate on solar cells and 40% on solar modules in April.
09-02-2022
Polysilicon Shortages in Solar PV Markets to End Within 18 Months
The solar squeeze of 2021 will be ended by a surge of new polysilicon production capacity coming online in the next two years, according to new research from Rethink Energy.
Energy Transition
09-02-2022
Global Corporates Increase Renewable Energy Acquisition by 24%
Corporates bought 24% more renewable energy capacity in 2021 compared to 2020, according to a new report released by BloombergNEF.
Australia
03-02-2022
Australia’s NSW Raises Renewable Energy Zone Capacity
NSW also has plans to develop hubs for developing hydrogen and ammonia from renewable energy sources.
Nuclear Power Plant
27-01-2022
Britain to give EDF’s Sizewell C Nuclear Project $135 mln Support
Britain will give 100 million pounds of support to France’s EDF to help it build the Sizewell C nuclear plant in Suffolk, England and encourage new investors in the project
Energy Investment
26-01-2022
Hyundai Engineering to Expand Business in Energy Sector
According to the company, its investments in plastic recycling and carbon dioxide recycling will be 530 billion won and 350 billion won, respectively.
Carbon Neutral
25-01-2022
FFI Announces WAE Acquisition Plans to Achieve Carbon Neutrality
Fortescue Future Industries has today entered into an agreement to acquire Williams Advanced Engineering (WAE) as it targets net-zero by 2030 with both hydrogen and battery technologies.
United Arab Emirates
25-01-2022
Dubai Energy Demand Rises 10% in 2021 Amid Economic Recovery
Total demand in the emirate reached 50,202 gigawatt-hours last year.
Solar Power Plant
25-01-2022
Shell Acquires Solar-Konzept Italia
Shell has acquired 100% of solar development company solar-konzept Italia Srl from solar-konzept International GmbH.
Japan
22-01-2022
Tokyo Gas makes 1GW Nordic Clean Power Move
Deal struck to buy 50% of EWII Production, which will then be renamed TOWII Renewables
Offshore Wind Power
20-01-2022
China Three Gorges Power to Invest $6.5bn in Offshore Wind Power
Chinese state-owned power firm China Three Gorges Corporation is to spend $6.5 billion on three off-shore wind farms in Guangdong province amid schemes to diversify its portfolio.
20-01-2022
Vestas Named Most Sustainable Company in the World
Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in the 18th annual ranking of the world’s most sustainable corporations, published by Corporate Knights.
Energy Investment
20-01-2022
Minister of Energy in Uganda Weighs in on Umeme Investments
With the expiry of concession in sight, the Ministry of Energy and Mineral Development in Uganda has recommended the halting of new investments by Umeme.
Market Analysis
20-01-2022
Brazilian Energy Demand Grows 4.1pc in 2021
Brazil's energy consumption in 2021 grew by 4.1pc from the previous year to an average 64,736 MW
Singapore
19-01-2022
PetroChina Becomes Top 2021 Singapore Bunker Supplier
Chinese state-controlled PetroChina's Singapore subsidiary was the largest physical supplier of bunkers in Singapore last year.
19-01-2022
Together Energy Becomes the First Supplier to Collapse in 2022
The collapse leaves around 176,000 domestic customers behind
Oil Field
18-01-2022
TotalEnergies and Inpex Sell Shares in Mature Angolan Fields
French energy major TotalEnergies and Japanese player Inpex have agreed to sell a company holding two blocks located offshore Angola to an Angolan company as part of its strategy focusing on assets with low cost and low emissions.
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