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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 act…
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 fa…
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 industr…
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, accord…
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 p…
Market Analysis
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 a…
World Energy Outlook
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…
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
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 …
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 alterna…
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 e…
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.
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 …
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…
Africa must Quadruple Power Investment to Supply Electricity for All
African countries will need to quadruple their rate of investment in their power sectors for the next two decades to bring reliable electricity to all Africans,…
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