Energy economy

Ofgem’s Boss: “We Need to Update the Price Cap More Frequently”
Ofgem’s Chief Executive Officer Jonathan Brearley has today hinted at more frequent changes in the level of the price cap.
Rooftop PV System
New Custom Duty on Solar Equipment Looms over India’s RE Goals
The government will be introducing a 25% rate on solar cells and 40% on solar modules in April.
Polysilicon Shortages in Solar PV Markets to End Within 18 Months
The solar squeeze of 2021 will be ended by a surge of new polysilicon production capacity coming online in the next two years, according to new research from Re…
Energy Transition
Global Corporates Increase Renewable Energy Acquisition by 24%
Corporates bought 24% more renewable energy capacity in 2021 compared to 2020, according to a new report released by BloombergNEF.
Australia
Australia’s NSW Raises Renewable Energy Zone Capacity
NSW also has plans to develop hubs for developing hydrogen and ammonia from renewable energy sources.
Nuclear Power Plant
Britain to give EDF’s Sizewell C Nuclear Project $135 mln Support
Britain will give 100 million pounds of support to France’s EDF to help it build the Sizewell C nuclear plant in Suffolk, England and encourage new investors i…
Energy Investment
Hyundai Engineering to Expand Business in Energy Sector
According to the company, its investments in plastic recycling and carbon dioxide recycling will be 530 billion won and 350 billion won, respectively.
Carbon Neutral
FFI Announces WAE Acquisition Plans to Achieve Carbon Neutrality
Fortescue Future Industries has today entered into an agreement to acquire Williams Advanced Engineering (WAE) as it targets net-zero by 2030 with both hydrogen…
United Arab Emirates
Dubai Energy Demand Rises 10% in 2021 Amid Economic Recovery
Total demand in the emirate reached 50,202 gigawatt-hours last year.
Solar Power Plant
Shell Acquires Solar-Konzept Italia
Shell has acquired 100% of solar development company solar-konzept Italia Srl from solar-konzept International GmbH.
Japan
Tokyo Gas makes 1GW Nordic Clean Power Move
Deal struck to buy 50% of EWII Production, which will then be renamed TOWII Renewables
Offshore Wind Power
China Three Gorges Power to Invest $6.5bn in Offshore Wind Power
Chinese state-owned power firm China Three Gorges Corporation is to spend $6.5 billion on three off-shore wind farms in Guangdong province amid schemes to diver…
Vestas Named Most Sustainable Company in the World
Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in the 18th annual ranking of the world’s most sustainable…
Energy Investment
Minister of Energy in Uganda Weighs in on Umeme Investments
With the expiry of concession in sight, the Ministry of Energy and Mineral Development in Uganda has recommended the halting of new investments by Umeme.
Market Analysis
Brazilian Energy Demand Grows 4.1pc in 2021
Brazil's energy consumption in 2021 grew by 4.1pc from the previous year to an average 64,736 MW

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Energy economy

Ofgem’s Boss: “We Need to Update the Price Cap More Frequently”

New Custom Duty on Solar Equipment Looms over India’s RE Goals

Polysilicon Shortages in Solar PV Markets to End Within 18 Months

Global Corporates Increase Renewable Energy Acquisition by 24%

Australia’s NSW Raises Renewable Energy Zone Capacity

Britain to give EDF’s Sizewell C Nuclear Project $135 mln Support

Hyundai Engineering to Expand Business in Energy Sector

FFI Announces WAE Acquisition Plans to Achieve Carbon Neutrality

Dubai Energy Demand Rises 10% in 2021 Amid Economic Recovery

Shell Acquires Solar-Konzept Italia

Tokyo Gas makes 1GW Nordic Clean Power Move

China Three Gorges Power to Invest $6.5bn in Offshore Wind Power

Vestas Named Most Sustainable Company in the World

Minister of Energy in Uganda Weighs in on Umeme Investments

Brazilian Energy Demand Grows 4.1pc in 2021