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Energy Transition
Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln
Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people f…
Energy Investment
Losses May Force Japanese, S. Korean Utilities to Delay Green Investment
South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, for…
Wind Farm
Billionaire Forrest Aims to Develop 5 GW of Wind Farms by 2030
CWP Renewables, now in the hands of Andrew Forrest, plans to develop 5 gigawatts of wind farms in Australia by 2030.
LNG
U.S., Britain Launch Energy Partnership to Boost Supplies
The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain …
United States
U.S. Power Use to Hit Record in 2022 on Economic Growth, Hotter Weather -EIA
U.S. power consumption will rise to a record high in 2022 because of increasing economic activity and hotter summer weather, the U.S. Energy Information Adminis…
Indonesia
Indonesia Govt to Create a Mechanism for Rollout of B35 Biodiesel Policy
Indonesia's president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister said on Tuesday.
France
Engie CEO Says France Fell Behind in Wind Power Rollout
France fell behind in rolling out wind farms despite vast resources, the chief executive of Engie, one of the country's main power and gas suppliers, said on Tu…
Wind Farm
UK Government to Ease Ban on Onshore Wind Farms to Head Off Revolt
British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's l…
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…
EU
Germany Says Borrowing More Money to Compete With the U.S. Would Be a ‘Threat’ to Europe
European Commission President Ursula von der Leyen said Sunday “new and additional funding at the EU level” will be needed to make European companies more com…
Net Zero Emission
New Calculation Method for Emission Reduction Path Could Help Achieve the Paris Climate Target
The central aim of the Paris climate agreement is clear: Limiting man-made global warming to well below 2 °C. This limit requires a reduction in greenhouse gas…
Solar Technology
U.S. Will Consider New Priority Areas for Solar Energy on Public Lands
The Biden administration on Monday said it would begin a process to identify new areas for solar development in the Western United States to ramp up permitting …
United States
Explainer: Why the U.S. Inflation Reduction Act Has Europe up in Arms
Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington's huge new green energy subsidy packag…
Nuclear Power Plant
Is the UK Plotting Budget Cuts to Boost Its Nuclear Power Dreams?
The Treasury is reportedly reviewing the government spending on projects such as roads, rail and schools.
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…
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