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Energy Transition
Just Transition Support Platform for Developing Countries Launched
This forms part of the ADB’s commitment to ensure build capacity of developing countries.
Crude Oil
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …
Hydrogen Project
World Bank Group Announces International Low-Carbon Hydrogen Partnership at COP27
The World Bank hydrogen partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon …
Gas Turbine
Germany’s Gas Turbine Capacity Expansion Moving Too Slow
Germany is behind in its plan to expand its gas turbine capacity to 30 GW by 2030—the amount needed to stabilize its electricity distribution networks, accordi…
Hydropower Plant
Asia’s Pumped Hydropower Capacity to Overtake NAWE in 2023
Developments will mostly be located in Mainland China.
Net Zero Emission
Mexico Vows to Double Renewable Energy Capacity by 2030
Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation's Foreign Ministry said in a statement on Monday.
Bezos Pledges to Give Most of His $124B to Fight Climate Change
Billionaire Jeff Bezos–the fourth-wealthiest person in the world–has told CNN he plans to give away the bulk of his $124 billion net worth to fight climate ch…
Nuclear Reactor
EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity
The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.
Coal-Fired Power Plants
US Coal-Fired Power Retirements to Slow From 2023 – Report
Competition from natural gas and renewable resources will likely lead to the retirement of 23% of the 200,568MW of coal-fired capacity currently operating in th…
Offshore Wind Power
Rapid Growth Seen in Asia’s Offshore Wind Capacity: Report
It is expected to rise by 15.3% annually.
Solar Power Panel
U.S. Solar Capacity Has Grown 28,500% Since 2008
U.S. solar power capacity has jumped by 28,500% since 2008.
Targeted RE Capacity Needs to Be Doubled by 2030 to Reach Climate Goals
Total capacity needs to reach 10.8TW from the current target of 5.4TW.
Wind Turbine
Türkiye’s New Wind Power Capacity in 2023 Represents an Investment of One Billion Dollars
Türkiye could install another 1,000 megawatts (MW) in wind energy capacity next year, an addition that could attract $1 billion (TL 18.57 billion) in fresh inv…
Electricity Transmission
Transgrid Completes Smart Interconnector Upgrades
Australian utility Transgrid has used SmartValve technology from US-based grid enhancing technology company Smart Wires to improve the efficiency and capacity o…
Oil Refinery
French Refineries Restart After Strike Action
Around 45% of France’s oil refining capacity remains offline following strike action last month, but supply is set to improve as one major refinery is back on …
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