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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
25-11-2019
China to Slash Renewables Subsidies by 30%
The government of China has decided to reduce renewable power subsidies by 30%, from $1.15b in 2019 to $807m in 2020.
25-11-2019
Power Plant Contract Activity Shows Downward Trend in Asia- Pacific
There were 62 power plant contracts announced in the Asia-Pacific region in Q3 2019, marking a drop of 49 per cent over the last 12-month average of 122, according to GlobalData’s power industry contracts database.
24-11-2019
Total Expands Renewables Portfolio in South East Asia
Total, through its affiliate Total Solar Distributed Generation, has added six new solar projects with a total capacity of around 10 MWp to its renewables portfolio in Southeast Asia since October 2019.
22-11-2019
Is CCUS the Key to A Low-Carbon Economy for the UK?
In November 2019 the Energy Industries Council (EIC) published a report into carbon capture, utilisation and storage (CCUS) as a more viable concept to reduce emissions than CCS. How important will CCUS be in the UK's energy future?
21-11-2019
Global Energy Consumption Up by 2.3%, Experts Blame It on Tech & Population
According to Capgemini’s annual World Energy Markets Observatory (WEMO) report, global energy consumption increased 2.3 per cent, nearly double the average rate since 2010.
21-11-2019
Siemens to Embark on Energy And Infrastructure Solutions in Ethiopia
At the G20 summit, Siemens committed to supporting and contributing to Ethiopia’s Growth and Transformation Plan II and its objective of electrifying Ethiopia.
20-11-2019
Who Can Pay for the Boom of New Solar And Wind Investment in the Nest 15 Years?
New solar and wind investment could hit $190 billion a year by 2035, Wood Mackenzie says. Where will that money come from?
Market Analysis
19-11-2019
A Report About US Renewable Energy Market Trends 2020
Research firm Deloitte has released a new report which examines the renewable energy market in the US.
19-11-2019
96% Australians Are Growing Increasingly Concerned about the Rising Energy Costs
As we head into summer, Australians are growing increasingly concerned about rising electricity costs – but our misuse of air conditioners could see us racking up more than $1,000 in wasted electricity.
18-11-2019
Report: UK Wind And Marine Energy Exports Worth £525m A year
UK is the 'go-to destination' around the world for expertise on designing, building, and further developing wind, wave, and tidal energy projects, RenewableUK claims.
17-11-2019
Indian Electricity Distributor to Trial P2P Solar Trading
Electricity distributor BSES Rajdhani Power Limited (BRPL) has partnered with Power Ledger, a global leader in blockchain-based renewable energy trading, to install a large-scale peer-to-peer (P2P) energy trading trial in Delhi, India.
17-11-2019
European Investment Bank to End Fossil Fuel Financing by 2021
The European Investment Bank (EIB) has agreed to cease funding fossil fuel energy projects by the end of 2021 as part of its “increased ambition in climate action and environmental sustainability.”
16-11-2019
Spain's Iberdrola to Enter Australia with Wind, Solar Power Project
Spanish power firm Iberdrola SA said on Friday it plans to make its first foray into the Asia-Pacific, building a A$500 million ($343 million) wind and solar farm in Australia.
16-11-2019
Conference on EU Energy Strategy Calls for Investments in Clean, Sustainable Energy
A conference of the European Strategic Energy Technology (SET) Plan underlined here on Friday the need for the European Union (EU) to provide the energy industry with "a predictable and coherent frame" for investments towards clean and sustainable energy.
15-11-2019
Asia Pacific Leads Global Electricity Procurement Market in Q3
The Asia Pacific dominated the market for electricity procurement tenders after it took up 35.4% of the total mix with 17 tenders in July-September 2019, according to GlobalData. It was followed by North America with 14 tenders and Europe with 12 tenders.
14-11-2019
Global Power Plant Tenders Drop Down 30% In Q3 2019
Generation equipment tenders in Q3 2019 saw 400 tenders announced, marking a drop of 36% over the last four-quarter average of 629, according to GlobalData’s power industry tenders database.
Market Analysis
13-11-2019
GlobalData : Electric Vehicles Develop At A Rapid Pace With 5 Million On The Road Worldwide
Technological advancements are leading to substantial cuts in EV battery prices, with major enablers being research and development (R&D) in battery chemistry and scaling up of battery production for EVs in manufacturing plants
World Energy Outlook
13-11-2019
IEA—World Energy Outlook 2019 Highlights Deep Disparities in the Global Energy System
The gap between the ever-higher amounts of greenhouse gas emissions being produced and the insufficiency of stated policies to curb those emissions in line with international climate targets.
13-11-2019
Investment to Make Africa A World Leader in Renewable Energy
Johannesburg, South Africa, where close to half of its 1.2 billion people have access to electricity, is set to become a world leader in renewable energy.
Market Analysis
12-11-2019
Siemens'Gas and Power Sees‘Substantial’Order Growth
The weakening of the global economy accelerated clearly during fiscal 2019, according to Siemens, but the company achieved it fiscal-year guidance. The company said its Gas and Power unit saw “substantial” order growth in the fourth quarter.
12-11-2019
How Decentralized Solar Solutions Are Powering Global Green Economy Transition
Access to and the productive use of solar energy are a great enabler for many communities especially in rural, off-grid areas where there is no feasible alternative to solar, across the globe.
11-11-2019
Africa Will Need More Power to Meet Its Future Needs
A report published by the International Energy Agency (IEA) has found that current policy and investment plans in the continent are not sufficient to meet the energy needs of its quickly growing population.
11-11-2019
Delek’s Ithaca Completes Chevron North Sea Deal
Israeli firm Delek Group said today that its Aberdeen-based subsidiary, Ithaca Energy, had completed the acquisition of Chevron’s UK North Sea business.
10-11-2019
Saudi Aramco Targets Sale of 0.5% of Oil Firm to Retail Investors in IPO
Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.
08-11-2019
Latest Lazard Report：Wind And Solar Will Kill Coal And Nuclear on Costs
The cost of wind and solar continue to decline and are now at the point where they beat, or at least match, even the marginal costs of coal-fired generation and nuclear power.
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