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Energy Transition

Global Corporates Increase Renewable Energy Acquisition by 24%

Corporates bought 24% more renewable energy capacity in 2021 compared to 2020, according to a new report released by BloombergNEF.

Wind Turbine

ABB Awarded Turbine Installation Vessel Contract

ABB has secured an order of approximately US$27 million to supply Eneti’s two new-build vessels with advanced power, automation, and control systems for improv…

Hydropower Plant

Rystad Energy: Hydropower Growth Set to Continue

The hydropower market will continue its upward trajectory in 2022 as global capacity exceeds 1200 GW for the first time and investments climb to US$36.3 billion…

LNG

SSY: LNG Supply and Demand Maintain Volatile Market

Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.

Wind Farm

Inch Cape Picks Montrose Port for O&M Base

Inch Cape Offshore Limited has selected Montrose Port as the future operations and maintenance (O&M) base for the Inch Cape offshore wind farm.

Wind Farm

UK in a First Awards Offshore Wind Power a Contract to Help Stabilise Grid

Britain’s National Grid ESO has for the first time awarded a contract to an offshore wind farm to help keep voltage levels in the power network stable, it said…

Hybrid Power Plant

GE Renewable Energy Opens New Renewable Hybrids Factory in India

GE Renewable Energy announced on Monday the opening of a new Renewable Hybrids factory in Vallam, near Chennai, India, where 250 people are employed yesterday. …

Carbon Neutral

China: Sinopec Completes Carbon Capture Project

Sinopec has completed the construction of China's first megaton carbon capture, utilization and storage (CCUS) project.

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

LNG

IHS Markit Report Says LNG Imports to Europe Would Be Sufficient to Overcome Shutoff of Russia Gas Flows Through Ukraine

Supplies of Russian gas to Europe via Ukraine have already fallen and been replaced by LNG imports.

Crude Oil

Oil Falls on Positive Signals from U.S.-Iran Talks

Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…

Solar Company

H3 Dynamics Partners with Sitemark for Autonomous Solar Inspections Service

H3 Dynamics has developed an autonomous solar farm monitoring solution with Sitemark, an AI-analytics company from Belgium.

Solar Power Panel

IREC Helps Small Puerto Rican Community Procure 75-kW Solar Microgrid

The Interstate Renewable Energy Council (IREC) announced it has selected Maricao, Puerto Rico, to develop a solar + storage microgrid through the Puerto Rican S…

Solar Technology

Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

Thanks to the goals set by the newly appointed German government to reach an installed PV capacity of 200 gigawatts (GW) by 2030, Germany continues on its path …

Coal Trade

Indonesia Lifts Coal Export Ban

​The Indonesian government reopened coal exports after a month-long ban in January due to low coal stock.