Energy economy

Offshore Wind Power

U.S. Offshore Wind Auction Draws Record $4.37 Bln in Bids

The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from deve…

Natural Gas

Hydrogen Generation Could Become a $1 Trillion Per Year Market, Goldman Sachs Says

Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to …

21st Century, Siemens Energy Seal Turbine Technology Power Deal

Information technology company, 21st Century Technologies Limited, has struck a new deal with Germany-based energy company, Siemens Energy, to build 2 X 10MW SG…

Solar Power Panel

LG to Exit Global Solar Panel Business

LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea.

Crude Oil

Norway’s January Oil Output Sinks Below Predictions

Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a…

Rooftop PV System

Solar Marketplace EnergySage Sells Controlling Stake to Schneider Electric

French electrical equipment group Schneider Electric has acquired a controlling stake in EnergySage that will see the US-based solar marketplace provider look t…

Hydrogen Project

Green Hydrogen Platform Closes €200m Fund Raise

Green hydrogen investment platform Hy2gen has completed a €200m investment round.

Energy Investment

Siemens Energy Top-10 Investor Urges Management to Buy Siemens Gamesa

Siemens Energy (ENR1n.DE) should buy the rest of wind turbine maker Siemens Gamesa (SGREN.MC) to accelerate a turnaround at the Spanish-listed firm, Deka, the s…

Solar Cell

China's PV Exports Rose 60% to $28.4b in 2021

China saw strong exports in photovoltaic products (PV) last year as the world picked up efforts to cope with climate challenges.

Coal Trade

Russia, China Agree New Coal Deal for 100 Million Ton Supply

Russia and China have agreed on a new deal that will see Russia supply 100 million tons of coal in the "coming years" to its southern neighbor.

Hydropower Plant

Guangdong No. 2 Hydropower Soars After Joining USD2.6 Billion New Energy Project

Shares of Guangdong No. 2 Hydropower Engineering surged nearly 10 percent after the renewable energy construction engineering company said it will participate i…

Natural Gas

Putin Says Nord Stream 2 Would Cement Europe's Energy Security

Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a "…

Oil Price

China Petrol Shares Positive Start to Year of the Tiger

Chinese shares performed strongly on the first trading day of the Year of the Tiger, reversing the slumps before the Chinese New Year holiday.

Crude Oil

Continental to Boost Oil Output by a Third in 2022

Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.

Saudi Arabia

Aramco Shares Switch May Boost Saudi Renewables

Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…