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Energy Investment

Global Energy Investment to Rise by 10% in 2021

IEA report also finds more spending needed on clean power transition

Smart City

HanmiGlobal Lands Project Management Order for Smart City Construction in Saudi Arabia

HanmiGlobal, a construction project management company, announced on June 1 that it has won a PM order for the Neom Smart City project in Saudi Arabia.

Crude Oil

Oil Extends Gains, Trading Above $70 on Upbeat Outlook​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say

Wind Power Company

Orsted Plans $57 bln Drive to be No.1 in Green Energy

The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at lim…

Nuclear Power Plant

The First Reactor Pressure Vessel Installed at AKKUYU NPP

Unit 1 reactor pressure vessel installation is completed at the Akkuyu NPP construction site.

Energy Investment

Rosatom Issues “Green Bonds” for 100 billion Rubles to Finance Its Projects

The Moscow Exchange registered the exchange-traded bonds program of Atomenergoprom JSC, the company holding Rosatom’s civil assets.

Oil Refinery

China On Track To Be World’s Largest Oil Refiner in 2021

In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based ref…

Hydropower Plant

BURUNDI: Finergreen Funds Hydroneo to Revive Mpanda Hydropower Project

The plant, which will have a capacity of 10.2 MW, will reach financial close in 2022.

Wind Turbine

First Turbine Erected at World's Largest Offshore Wind Farm

Once completed in 2022, Hornsea Two will become the world’s largest offshore wind farm generating 1.4GW of clean power.

Hydrogen Fuel Cell

Toyota Mirai Drives 1,003 km (623 miles) on One Fill of Hydrogen

A Toyota Mirai has set a new world record for distance driven with one fill of hydrogen.

Wind Farm

South Fork Wind Farm to reduce turbines but fishing group has 'serious concerns'

Developers of a planned offshore wind farm to power the South Fork have agreed to reduce the number of turbines for the LIPA-contracted project to 12 from 15.

Nuclear Power Plant

Vattenfall Invests $1.2 Mln in Estonian Nuclear Energy Start-Up Fermi Energia

Swedish state-owned utility group Vattenfall Group AB said Monday that it has agreed with Estonian nuclear-energy start-up Fermi Energia to become a minority sh…

Hydropower Plant

TANZANIA: Dodoma Approves $140m for the Malagarasi Hydropower Plant

The Tanzanian government has just approved $140 million in funding for the construction of the 50 MW Malagarasi hydroelectric power station.

Solar Power Plant

ZIMBABWE: Voltalia to Start Work on Solar Power Plant at Blanket Mine

The plant will have a capacity of 19.65 MWp with an investment of $13 million.

Hydropower Plant

Hitachi ABB to Supply Tech for Dubai Pumped Storage Hydro Plant

Hitachi ABB Power Grids will supply ANDRITZ Hydro with state-of-the-art technology for grid connection and stabilization for a unique pumped storage hydroelect…