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Hydropower Plant
Laos Plans New 1.4GW Hydro Project on Mekong River
The Luang Prabang project will be Laos' third and largest dam on the river.
Market Analysis
Global Offshore Wind Market to Hit 23GW Capacity by 2026
The global market for offshore wind energy is expected to expand in value from $24 billion in 2019 to $75 billion in 2026.
China Energy
China's SPIC Completes First Hydrogen Fueling Vehicle Hydrogenation Test
At 15:30 on June 30, after many station-vehicle joint commissioning, a 40-seat hydrogen bus printed with the SPIC Logo slowly drove out of the hydrogen refuelin…
Smart Grid
German E.ON to Invest EUR 210 Million in Power Business in Romania
E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division.
Power Construction
Hitachi Absorbs ABB Power Grids in New $10B Joint Venture
Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grid…
Solar Power Plant
Seychelles Delays Planned Floating Solar Plant Due to COVID-19
The government of Seychelles has confirmed that the construction of a floating solar PV power plant will be delayed due to consequences of the COVID-19 pandemic…
Energy Investment
Emmanuel Macron Commits €15bn to Definitive Climate Action
French President, Emmanuel Macron, has pledged an additional €15bn for measures to combat the climate crisis over the next two years.
Wind Turbine
LOC Group Wins Contract Supporting Vietnam's Renewables Sector
LOC Group has won a contract to provide support to the Phase 1 development of the 50 MW Dong Hai 1 Wind Power Plant.
Coal-Fired Power Plants
AES to Divest Stake in Itabo Power Plant to Grupo Linda
Global power company AES Corporation has agreed to sell its interest in the 295MW Itabo power plant in the Dominican Republic for approximately $101m.
Crude Oil
Brazil's Oil Output Grows by 7.8% in 2019
Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.
Solar Power Plant
Emirates Insolaire Solar Installs Panels at Dubai's Mega Solar Park
3,339 panels covering 2,000 Sqm to result in approximate cost savings worth AED 158,000 annually.
Hydropower Plant
BDEAC Lends €122m for Sendje Hydropower Plant in Equatorial Guinea
Additional financing of some 122 million euros will be injected into the project to build the 200 MW Sendje hydroelectric power station in Equatorial Guinea.
Nigeria
Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
NTPC's Profits Dropped to $1.34b in FY 2020
Generation declined to 290.19 billion units compared to last year.
LNG
India's Top Gas Importer Close to Long-Term Deal Around Spot Prices
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas with prices near the spot…
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