Energy

Net Zero Emission

ANZ Earmarks $67 Bln to Accelerate Net Zero Transition

Australia and New Zealand Banking Group Ltd said on Friday it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030,…

Canada

Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economi…

Saudi Arabia

Saudi, Iraqi Energy Ministers Meet, Review Oil Markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.

Energy Transition

Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls

Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were s…

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…

Nuclear Reactor

EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos

A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion…

Metaverse Energy Research to Launch in Australia

University of Wollongong Professor Willy Susilo has been awarded more than Au$400,000 (US$266,000) for research into green and sustainable energy-efficient meta…

Germany

Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says

Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…

Carbon Emissions

Volatilia, Uzbek Gov’t to Develop up over 400MW Renewables

It will be divided into solar, wind, and battery storage.

Hydropower Plant

RATCH Group Unit Buys Eco Energy Shares to Co-Develop Hydro Project in Indonesia

RH Internationa (Singapore) will now hold a 50% stake in the project.

Energy Transition

Indonesia’s Energy Transition Plan to Face Implementation Hurdles

Indonesia and its international partners agreed to mobilise US$20b in financing.

Offshore Wind Power

Engie and Google Strike Power Purchase Agreement for Scotland’s Moray West Offshore Wind Development Project

French energy company ENGIE and technology giant Google said they had agreed to undertake a 12-year 100 MW corporate power purchase agreement to support Scotlan…

United Kingdom

UK Could Add 1GW of Hydropower With Policy Support – Report

A report commissioned by the British Hydropower Association reveals hydropower can provide an additional 1GW of energy in the UK under the right policy framewor…

Wind Farm

France’s First Commercial-Scale Offshore Wind Farm Starts Full Operations

France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is s…

Natural Gas

UK to Set Out More Energy Reforms ‘Very Soon’: Hunt

Britain's government plans to announce reforms to the country's energy market "very soon", finance minister Jeremy Hunt said on Wednesday, after lawmakers blame…