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Türkiye to Invest $10B in Energy Storage to Boost Wind Power and Photovoltaic Solar Energy
09-01-2020
Dubai's Logistics Firm Tristar Buys Land in Oman's Duqm Port to Expand Operations
Dubai's Tristar Group, an oil and gas sector-focused logistics company, acquired more than 11,000 square metres of land in Oman’s Duqm port as it expands its operations in the sultanate.
09-01-2020
China's Waste Import Ban Spurs UK Investment in Recycling
The head of a major British waste company says that the United Kingdom is beginning to feel the positive effects of China's waste import ban, as investment in domestic recycling and processing facilities is on the rise.
08-01-2020
Rising Renewables Investment To Power Solar Panel Cleaning Market Trends
Growing inclination towards renewable energy as well as favorable government policies has accelerated the deployment of solar energy farms. As these farms are mostly located in remote areas, they are exposed to frequent dust and sandstorms.
08-01-2020
UAE Energy Minister:OPEC Will Meet Any Shortage If Needed
"The market is well supplied. We’re not forecasting shortage of supply unless there’s a catastrophic event which we don’t see, so Opec always will meet and discuss whatever necessary actions we need to do."
07-01-2020
U.S. Energy Consumption Suffered A Noticeable Hit By Economic Slowdown
U.S. manufacturers and freight hauliers were hit last year by the sharpest slowdown since the 2008/09 recession and it filtered through into a noticeable dip in energy consumption.
07-01-2020
The Six Paradoxes Slowing Down The Energy Transition
It is not just the fact that certain economies, such as Russia or Norway, are highly dependent on oil & gas revenues, it is also the choices and approaches that different countries take, all of which are different.
07-01-2020
Oil Falls As Middle East Anxieties Ebb for Now
The front-month contract for Brent crude North Sea oil was last seen down USD 0.73 at USD 68.18/bbl – off Monday’s three-month high – while the WTI equivalent was USD 0.53 lower at USD 62.74/bbl.
06-01-2020
Iran, Iraq and Suleimani: How Will Things Play Out for Energy Markets?
It’s winter in Baghdad, but the US killing of Iranian major general Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis has raised the already heated political temperature.
05-01-2020
Iran Tension May Push up Fuel Prices, Spook Bid to Boost Economy
Global oil prices spiked 4 per cent on Friday as tensions flared up in the Middle East, setting off worries over an extended spell of market volatility hitting consumer sentiment by pushing up fuel prices.
02-01-2020
Britain's Renewables Produced More Electricity Than Fossil Fuels in 2019
BRITAIN, the birthplace of coal power, produced more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time in 2019, National Grid said on Wednesday.
26-12-2019
US Grid Forced to Raise Wind And Solar Price to Match Fossils
Federal regulators have ordered the US’s largest grid operator to raise prices of wind and solar power so they are in line with fossil fuels. FERC was accused of attacking emission reduction state policies.
26-12-2019
Fraud-struck CG Power Sells Overseas Assets to Repay Debt
The manufacturer of power and distribution transformers is valuing its global assets at around $250 million.
25-12-2019
World-Energy Wishes Merry Christmas and All the Best for the New Year
World Energy wishes you and your family a happy holiday season and all the best for the New Year.
25-12-2019
Cabinet Approves Renewable Energy Cooperation Agreement with Saudi Arabia
The memorandum of understanding involves upgrading the level of technologies and their applications in the field of renewable energy.
22-12-2019
Aramco Stocks Give up about Half of Gains since Debut
Saudi Aramco shares extended their losses for a fourth session, reversing about half the gains accumulated from the rally following its historic trading debut.
21-12-2019
EDF's Imtech Acquires Energy Performance Firm Breathe
Breathe was established in 2010 to deliver engineering solutions to reduce energy consumption and carbon emissions, renew infrastructure, save operating costs and improve built environments.
20-12-2019
EIB Will Provide €330 Million to Support the Czech Republic Reinforce Grid Network
CEZ will use the funding to reinforce and refurbish medium and low-voltage networks in Plzeň, Karlovy Vary, Ústí nad Labem, Central Bohemia, Liberec, Hradec Králové, Pardubice, Olomouc and Moravia-Silesia.
20-12-2019
UK Government Figures Shows: Renewables Outperform Gas
The latest Energy Trends report, published by the Department for Business, Energy and Industrial Strategy (BEIS) shows that in the third quarter of 2019 renewables provided a record 38.9% of the UK’s electricity requirement, just above gas at 38.8%.
Market Analysis
19-12-2019
ICRA Revises The Power Sector Outlook from Stable to Negative
According to ICRA Research, the all India electricity demand growth declined to 1.2 per cent in 8M FY2020 on a year-on-year basis (YoY) against the 6.4 per cent growth reported in 8M FY2019, an official statement said.
17-12-2019
African Union to Develop A Blueprint for A Pan-continental Electricity Network and Market
The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled recently during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo.
15-12-2019
Zambia Looks to Brazil for Help in Biofuel Industry
Zambia’s Ambassador to Brazil, Dr. Alfreda Kansembe has held bilateral talks with Brazil’s Sugar, Ethanol and Energy companies in an effort to find partners to help establish the Biofuel industry in Zambia.
15-12-2019
Siemens Working on Modern Power Plants in Iran
Germany’s engineering giant Siemens, in a joint project with Iran’s largest energy construction and engineering group Mapna, is working on launching power plants relying on modern gas turbines.
14-12-2019
European Investment Bank funds two windfarms in Portugal
The European Investment Bank (EIB) has agreed to provide a loan of €45m to renewable energy company Eolica da Linha for the construction of three windfarms in Portugal.
13-12-2019
100% Renewables Means 95% Less Water Consumption for Conventional Power Generation
According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just 1 MWh of output; for wind, this percentage ranges from 0.1% to 14%.
11-12-2019
5G And IoT Comes to Enterprises in Japan
Nokia today announced that it is building out its strategic partnership ecosystem to bring local 5G/private wireless LTE to industrial and government customers in Japan.
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