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Crude Oil

Mexico Overhauls Its Huge Oil Hedge

Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…

China

Chinese Company Contracted to Work on Tianwan 7&8

The two units, with VVER-1200 reactors, are being built by Rosatom, which said work on unit 7 should begin in May 2021, and on unit 8 in March 2022.

Nuclear Power Plant

Belarus NPP Confirms Commitment to Safety

Belarus nuclear regulator Gosatomnadzor announced on16 February that Belarus is committed to continuous improvement of safety at the Belarus NPP.

Nuclear Power Plant

Cofrentes Licence Extension Gets Regulatory Approval

The Spanish nuclear regulator has approved the renewal of the operating licence for Iberdrola's Cofrentes nuclear power plant near Valencia until the end of Nov…

Nuclear Reactor

Chinese Fast Reactor Begins High-Power Operation

The China Experimental Fast Reactor (CEFR) has been restarted and reconnected to the grid, marking its entry into its high-power operation phase.

AB Energy to Supply Technology to Evergaz Biomethane Project

The facility prevents 4965 tpy of CO2 emissions and enables the spreading of natural fertilizer on the fields of 63 local farms, covering 4500 ha.

Chile

Mainstream Renewable Power and Aker Clean Hydrogen Join Forces in Chile

Aker Clean Hydrogen and Mainstream Renewable Power have signed a Letter of Intent to explore the development of green hydrogen and low-cost ammonia production i…

Joe Biden

How to Calculate the Social Cost of Carbon? Researchers Offer Roadmap in New Analysis

The Biden administration is revising the social cost of carbon (SCC), a decade-old cost-benefit metric used to inform climate policy by placing a monetary value…

Electric Car

Electric Vehicle Prices to be Halved by 2025

The South Korean government has decided to lower the price of an electric vehicle by at least 10 million won by 2025.

Solar Power Plant

Shoprite Expands Its Rooftop and Refrigeration Solar PV Project

The Shoprite Group now generates enough electricity to power over 1,100 households a year from solar energy, following the installation of rooftop PV panels at …

Personnel Appointment

Global Wind Energy Council Appoints New COO to Lead Global Operations

The Global Wind Energy Council has appointed a new chief operating officer, Stewart Mullin, who previously worked as the global director of public affairs and i…

Oil Exploration

Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup

Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drillin…

Substation

DEME Secures Contract for Two Offshore Substations in Dutch North Sea

DEME Offshore has secured a contract to transport and install the jackets and topsides for two Hollandse Kust offshore substations which will be located in the …

Combined Heat and Power

Wärtsilä Completes 100MW Combined Heat and Power Plant for German Utility

Technology firm Wärtsilä has announced that it has completed and handed over a 100MW combined heat and power plant to German utility Kraftwerke Mainz-Wiesbade…

Energy Storage System

Singapore Selects Hitachi ABB for Virtual Power Plant Storage

Technology firm Hitachi ABB Power Grids has been selected to provide its energy storage solution for Singapore’s first virtual power plant.