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Tata Power Unit to Build 150MW Solar Project in Maharashtra
It is expected to be commissioned within 18 months from the PPA execution date.
Carbon Emissions
South Africa Says It Needs $84 Billion for Energy Transition in Next Five Years
South Africa needs about 1.5 trillion rand ($84 billion) over the next five years for its plans to cut carbon emissions, harness economic opportunities from the…
Sunrun Is Building Puerto Rico’s First Virtual Power Plant
Sunrun has been selected to build Puerto Rico’s first Virtual Power Plant (VPP) by the island’s electric utility provider.Images from the installati…
Hydrogen Project
KBR Secures Work on Australia’s First Industrial-Scale Green Hydrogen Project
US engineering company KBR and Belgium engineering firm Tractebel, part of ENGIE, have been appointed as the Owners Engineer for the Yuri project, a new renewab…
Net Zero Emission
World’s 1st Zero-Emission Cruise Ship to Be Classed by DNV
Northern Xplorer, a recently established Norwegian cruise venture, has selected classification society DNV to class its first zero-emission cruise ship.
Energy-Eficient Building
Stricter Rules for Energy Performance of European Buildings
The European Council reached an agreement on a proposal to revise the Energy Performance of Buildings Directive (EPBD).
GCC Economies Projected to Grow 6.9% in 2022, World Bank Says
Investing in green growth could drive regional GDP to $13tn by 2050, according to report.
Energy-Eficient Building
E.ON to Reduce Buildings’ Energy Consumption by 20% As Winter Approaches
German electric utility company E.ON has announced efforts to reduce its energy consumption, which are expected to reduce energy use from its buildings by at le…
EU
EIB Group Supports REPowerEU Plan With €30BN Financing
Package of new, targeted financing is expected to mobilise up to €115bn of new investment by 2027, contributing to ending energy dependency on Russia.
France
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Hydrogen Project
UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station
The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.
Rolls-Royce Releases MTU Engines for Use With Sustainable Fuels
Rolls-Royce has approved mtu engines for use with sustainable fuels, a move expected to help make the company’s construction, industrial, agricultural and mini…
United Kingdom
UK Launches ‘First’ Injection of Hydrogen Into Gas-Fired Power Station
Hydrogen will be injected into Centrica’s peaking plant at Brigg, Lincolnshire.
Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
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