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Ears
EDF Signs for Additional 2 Billion Euros of Loans
Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …
Spain
Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle
An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backi…
LNG
QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec
The deal will be in place for 27 years.
France
Markets Regulator Clears French Bid to Nationalise EDF Utility
French markets regulator AMF said on Tuesday it had cleared the French state's buyout bid, marking an important step in its plan to fully nationalise the loss-m…
Electric Vehicle Battery
MIT Advance Paves Way for High-Density Batteries That Handle Stress
The field of battery research is riddled with roadblocks and bottlenecks, but there is one problem that rears its head more than most.
Solar Cell
Breaking With Convention to Develop More Efficient Solar Cells
Photovoltaics, more commonly known as solar cells, are key to securing the energy transition and meeting net zero targets in the coming years.
Crude Oil
European Refiners Oversupplied as Oil Shortage Fears Subside
European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.
Net Zero Emission
COP27: France, Spain Latest to Pledge Halt to Gasoline-Driven Vehicle Sales
France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to a…
Net Zero Emission
Drop Coal or Forget the 1.5°C Target, Says IEA
The global demand for coal has been at record highs for the last ten years, new report has warned.
Net Zero Emission
U.S., Japan and Partners Mobilise $20 Bln to Move Indonesia Away From Coal Power
A coalition of countries will mobilise $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak em…
Coal-Fired Power Plants
South Africa’s Energy Crisis May Last for Years
South Africa’s recent focus on coal-powered generation has led to a collapse of the country’s renewable energy manufacturers and power providers, and the curr…
Natural Gas
‘Vaccination-Style’ Intervention Needed to Solve Energy Crisis, UK Energy Boss Says
The average U.K. household faces paying a £2,500 ($2,900) annual bill for the next two years, up from £1,400 in October 2021.
Natural Gas
COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years
Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.
United States
US West Faces Power Reliability Issues from Growing Use of Renewables
A group responsible for power market reliability in Western North America said the growing use of renewable generation will require the region to boost planning…
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…
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