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COP27 Draft Climate Deal Published but Gaps Remain
The U.N. climate agency on Saturday published an updated draft of a proposed final agreement for the COP27 summit, fleshing out some key parts of the deal count…
Coal-Fired Power Plants
South Africa’s Energy Crisis May Last for Years
South Africa’s recent focus on coal-powered generation has led to a collapse of the country’s renewable energy manufacturers and power providers, and the curr…
Offshore Wind Power
Evonik Taps Into EnBW Wind Park in Industry's Clean Energy Push
Evonik secured about 100 megawatts (MW) of electricity per year from an EnBW offshore wind park.
Net Zero Emission
UK Regulator Scraps CoP Reports Requirement to Bolster Energy Security
UK’s regulator, the North Sea Transition Authority (NSTA), says that the industry will make significant savings in time and money following its move to cut red…
Octopus to Take Over Collapsed Supplier Bulb
Octopus will take on Bulb’s 1.5 million customers.
Energy Storage Battery
Masdar Taps UK Storage Market With Arlington Acquisition
Abu Dhabi-based clean energy company Masdar has acquired UK-based battery energy storage system (BESS) developer Arlington Energy in an effort to expand its pre…
Australia
Australian Energy Minister Does Not Rule Out Price Caps
Australia's Energy Minister Chris Bowen said on Friday the country could not rule out energy price caps, as it deals with rising fuel costs.
Europe’s Energy Crisis Heaps Pain on Heavy Industry
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…
Natural Gas
EU Leaders to Keep Studying Gas Price Caps
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early ho…
Tidal Energy
UK’s HydroWing Taps Tidal Energy Potential in Indonesia
UK-based tidal energy developer HydroWing has signed a Memorandum of Understanding (MoU) with state-owned company Indonesia Power to develop tidal energy projec…
Natural Gas
EU Leaders Set to Explore Gas Price Cap Options
European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks.
OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Smart Grid
Iberdrola Taps EIB for €220M Smart Grid Development
The European Investment Bank (EIB) and Iberdrola have agreed to increase the green loan signed in 2021 with a top up of €220 million ($215 million) to strength…
Oil Giant Shell Snaps up African Solar Provider Daystar Power
Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.
Oil Price
Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in …
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