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SMR
US Government Backs NuScale Projects at Home and Abroad
The US Department of Energy has approved a cost-share award of more than USD1 billion for the construction of the first NuScale small modular reactor power plan…
Oil&Gas Drilling
Turkish President Announces More Natural Gas Reserves in Black Sea
"Total amount of natural gas reserves in the Tuna-1 well in Sakarya Gas Field reached 405 billion cubic meters," he said after his inspections at the ship.
Hydropower Plant
Scatec Solar to Buy SN Power
Norwegian firm Scatec Solar has signed a US$1.166 billion deal to acquire hydropower developer SN Power from Norfund.
Hydropower Plant
Ethiopia’s Nile Dam that has Egypt ANGRY
Ethiopia is constructing a $4.8 billion dam along the Nile River that has Egypt angry.
Power Construction
Australia Labor’s Budget Response: $20 Billion to Rewire the Grid
The Federal Opposition has responded to the Federal Government’s 2020-21 Budget, outlining a plan to invest $20 billion in rewiring the electricity grid to all…
Australia
ARENA Gets $1.62bn Boost from the Australian Government to Cut Emissions
In Australia, the prime minister and the minister of energy and emissions reduction have announced $1.62 billion in funding for the Australian Renewable Energy …
Wind Farm
Statkraft Invests in Solar and Wind Power in Brazil
In the case of the wind farm in Bahia announced by Statkraft on Monday, the planned investments are 2.5 billion reais.
Oil Field
Equinor Plans $2 Billion Breidablikk Oilfield Development
Equinor and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns development plan for the North Sea field.
China
China's Renewable Energy Investment Exceeds US$100 Billion for Five Consecutive Years
The number of patents, investment, installed capacity and power generation in the field of renewable energy in China has ranked first in the world for many cons…
Oil Shale
U.S. Shale Producers Devon Energy , WPX Energy in Merger Talks
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around…
Hydropower Plant
Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project
The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project.
EV Market
Electric Vehicle Charging Network ChargePoint to Go Public at $2.4 Billion Valuation
ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy …
Electric Vehicle Battery
Tesla's Value Drops $50 Billion as Musk's Promised Cheaper Battery 3 Years Away
Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000…
LNG
Russia's Arctic LNG Project Receives US$9.5 Billion in Financing
International lending institutions have arranged approximately US$9.5 billion in financial support for Russia’s Arctic Liquefied Gas project.
Energy Transition
SOUTH AFRICA: The Government has its Plan to Fight Climate Change
Meeting in the Council of Ministers recently, the South African government passed three bills as part of a plan to combat climate change.
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