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Energy economy
World Energy Demand Jumped Above Pre-COVID Levels in 2021
BP Statistical Review of World Energy: primary energy in 2021 grew by its largest amount in history.
Oil Shale
Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Re…
United Kingdom
UK Automotive Manufacturers Face £90 Million Energy Cost Hike
Rising energy costs risk harming the UK automotive sector as manufacturers of vehicles and components face a £90m cost hike.
Electric Car
UK Green Supply Chain Startup Circulor Raises $25MLN for Us Expansion
UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had r…
Alpha Dhabi’s W Solar to Invest in 2,000MW Libyan Renewable Energy Project
The agreement will help Tripoli to diversify its energy mix and boost the overall economy
Companies Call for Energy Rationing
EDF, TotalEnergies and ENGIE have said energy price hikes “threaten political and social cohesion”
SG Kicks off Multilateral Cross-Border Trade of Renewable Energy
The renewable hydropower was imported from Lao PDR via Thailand and Malaysia.
Energy Investment
IRENA, OPEC Fund Tie Up to Advance RE Investment
The International Renewable Energy Agency (IRENA) and the OPEC Fund for International Development (OPEC Fund) to further advance investment in renewable energy.…
Energy Investment
Record Global Energy Investment to Grow 8% To $2.4T in 2022: IEA
This is on the back of investment in renewables and grids.
India
India’s RE Auction to Continue Attracting Large Developers
IEEFA said current challenges will not have long-term impact to India’s energy sector.
Energy Transition
Greece to Mobilise €1.63BN Investment for ‘Just’ Climate and Energy Transition
Its plan will benefit from grants of €1.38bn from the EU’s Just Transition Fund Programme.
Energy Investment
Renewables to Drive 8% Rise in Global Energy Investment in 2022
Green energy, grids and storage now account for more than 80% of total investment in power sector.
India
New Report Shows That India Will Require $223 Billion to Meet RE Goals
India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by researc…
Energy Transition
$300M Pan-African Renewable Energy Fund (Paref) Established
The Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy adoption in Africa has been established.
United Kingdom
UK Government £263MN ‘Tax Calamity’ Warning to Energy Sector
Energy businesses urged to prioritise their compliance to IR35 rules to avoid penalties issued to government warns insurance provider Qdos.
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