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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…
Natural Gas
German Govt Postpones Decision on Gas Price Brake
The German government is postponing its decision on a gas and electricity price brake that had been planned for Friday, said a government spokesperson.
OPEC
OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …
Germany
German Budget Experts Push for Dividend Ban Tied to Energy Subsidies
Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …
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.
Hydrogen Production
Philippines’ President Greenlights Offshore Wind, Green Hydrogen Plan
The Philippines’ President has given the country’s Department of Energy the green light to move forward with its plan to explore and develop the offshore wind…
Nuclear Reactor
Finland Introduces Scheme to Prevent Power Blackouts
Finland's national power grid operator said on Friday it will introduce voluntary procedures for companies and the public sector to help prevent electricity sho…
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.
Energy Transition
Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two year…
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…
Bosnia and Herzegovina
Bosnia's Power Exports at Risk as People Switch to Electricity for Heating
Bosnia may be forced to cut exports as Bosnians turn to subsidised electricity for heating after a jump in prices for other fuels, including gas, firewood and w…
Offshore Wind Power
Evonik Taps Into EnBW Wind Park in Industry's Clean Energy Push
Evonik secured about 100 megawatts (MW) of electricity per year from an EnBW offshore wind park.
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