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Energy Transition

G7 Makes New $15 Billion Offer to Vietnam to Cut Coal Use -Sources

The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transit…

CCS

Denmark Awards First CO2 Storage Permit

The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 …

Pumped Storage

‘Geomechanical Pumped Storage’ Startup Quidnet Gets Us$10 Million ARPA-E Funding

Quidnet, a company developing a proprietary mechanical energy storage technology, has been selected to receive funding from the US Advanced Research Projects Ag…

Romania

MET Group Enters Romanian Renewables Market

Swiss-based European energy company, MET Group, has announced its entry into the Romanian renewables market, with the acquisition of a 100% stake in a solar pro…

Energy Investment

North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet

North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…

Electric Car

Prices of EVs Could Rise by 10% In 2024

That’s the warning from carmakers, after EU rules on manufacturing are set to change in two years.

Petrofac Selected by Shell for EPS Services on Omani Project

EPS services provider will undertake three contracts including a five-year EPS contract for Shell’s Block-10 Mabrouk Phase 2 Project.

Crude Oil

Adnoc and Malaysia's Petronas Join Forces on Abu Dhabi’s Unconventional Onshore Block 1

Award to Malaysia’s national oil and gas company launches Middle East’s first unconventional oil concession

Solar Power Plant

Adani Unit Commissions 450MW Wind-Solar Hybrid Plant

It now has the largest operational hybrid capacity globally of 1,440MW.

Geothermal Power Plant

Philippines’ Aboitiz Power Unit Awards Contract to Develop 17MW Geothermal Power Plant

The plant will be developed in Tiwi, Albay province.

EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market

Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the compan…

United Kingdom

Octopus Acquires Solar Developer

Zestec has a pipeline of more than 160MW of new UK solar energy.

Oil Price

Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low

Saudi OSPs to Asia hit 10-month low amid slowing physical demand.

Global Energy Efficiency Investments Jump 16% YoY in 2022: IEA

It reached $560b this year.

EU

France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval

The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…