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EU
Emergency Measures on Electricity Market: Avoid a Patchwork That Undermines Renewables Investments
The European Commission has proposed new rules that would cap the price of wind energy and other so-called inframarginal power generation at €180/MWh.
Offshore Wind Power
Asia’s Offshore Wind to Reach Over 100GW in 2031: Report
This is up from only 27.3GW in end-2021.
Electric Car
Speeding up the Transition to Electric Vehicles
The number of electric vehicles (EVs) sales has dramatically increased over the last decade, with over 10 million EVs on the road today.
Energy Storage Project
EU Approves €20 Million State Aid to Energy Storage Company in Croatia
The European Commission has approved €19.8 million (US$20.1 million) in state aid from the government of Croatia to energy storage operator IE-Energy for a ser…
Wind Farm
Mercury to Build $115M Wind Farm in New Zealand
The energy company said the first stage of the 43 megawatt (MW) wind farm is underway, bringing its total investment in renewable wind generation to $600m since…
Solar Materials
Jinkosolar Signs Two Polysilicon Supply Contracts in a Month Totalling Nearly Us$30 Billion
JinkoSolar has signed a major polysilicon supply contract worth more than RMB103.3 billion (US$14.9 billion).
Energy Storage Battery
EU Approves State Aid to Greece for 900 MW in Energy Storage
The European Commission has approved, under EU state aid rules, Greece’s support package of EUR 341 million for the construction and operation of storage facil…
OPEC
OPEC Upbeat on Global Economic Growth
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expec…
Nuclear Reactor
About 80% Of U.S. Coal Plant Sites Suitable to Host Nuclear Reactors -U.S. DOE Report
As many as 157 retired coal plants and 237 operating coal plant sites across the U.S. could be converted to nuclear power and help the country reach its net-zer…
Energy Transition
Oxford Group: Decarbonizing Energy Would Save $12 Trillion
A new study from business and environmental researchers at Oxford University disputes the notion that a strategy to transition global power generation toward re…
LNG
Central African Countries Champion 6500-Km of New Pipeline Construction
Central African countries have signed an agreement to construct three multinational oil and gas pipeline systems of around 6,500 km, storage depots, LNG termina…
EU
EU Approves €1.5BN Romanian Scheme to Compensate Energy-Intensive Firms
It will cover part of the higher electricity prices arising from the impact of carbon prices on power generation costs, i.e. indirect emission costs, incurred b…
Net Zero Emission
Around 13 Million Workers to Join Energy Sector by 2030: IEA
It is expected to double under the net-zero emissions scenario.
Wind Power Project
Onshore Wind to Play a Key Role in Achieving India’s 2030 Target
The country has almost 41GW of onshore wind capacity.
Energy Transition
Egypt Climate Champion Calls for New Metric on Climate Finance
Developing country climate financing needs should start being reframed at the U.N. climate summit in November, in order to move beyond the outdated – and unful…
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