Bill

Offshore Wind Power

Vietnam Needs $8 Bln-$14 Bln Power Investment a Year Through 2030 - Minister

Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry m…

Carbon Emissions

California’s Forest Carbon Buffer Pool Found to be Severely Undercapitalized

Researchers have found that California's forest carbon buffer pool, designed to ensure the durability of the state's multi-billion-dollar carbon offset program,…

Carbon Emissions

U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit

U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more…

Oil Price

Energy Bills Are Set to Soar in the UK

As natural gas prices continue to surge, the average energy bill in the UK is set to soar to nearly £4,000 a year ($4800 USD) in January.

Solar Power Plant

Bill Gates’ Breakthrough Energy Ventures Invests in Automated Solar Construction Company Terabase Energy

US-based start-up Terabase Energy has secured US$44 million in a Series B fundraising round co-led by Bill Gates’ Breakthrough Energy Ventures and venture capi…

Energy Investment

Investment in Renewables Hits Record $226BN Despite Supply Chain Woes

Global investment in renewable energy rose to $226 billion in the first half of 2022, setting a new record for the first six months of a year.

Ultra-high voltage grid

China’s State Grid to Invest $22 Bln in Ultra High Voltage Power Lines -Report

China's State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines.

EU

EU Approves 3-Billion-Euro German Green Heating Scheme

The European Commission said on Tuesday it had approved the German government's 3-billion-euro scheme to support renewable energy and waste heat-based district …

Smart Meter

UK Smart Meter Data ‘Set for Five-Fold Growth Over the Next Four Years’

It is estimated that one billion messages were sent over the national smart meter network in July

Wind Farm

Masdar, CPPIB Among Those Seeking Stake in Iberdrola’s 1.4 Billion-Euro German Wind Farm

Abu Dhabi's Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola's German offshore wind farm in a de…

Smart Meter

Asia-Pacific Forecast to Reach 1 Billion Smart Electricity Meters by 2026 – Study

The smart electricity metering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research…

United States

US Senate Gives Green Light to Landmark Climate Deal

In a head-snapping reversal, Sen. Joe Manchin (D-WV) said July 27 that he had reached a deal with Majority Leader Chuck Schumer on a budget reconciliation packa…

Centrica’s Profits Soar Five-Fold

Profits of Britain’s largest energy supplier increased to £1.34 billion

Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results

Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…

Shell Reports Record Profit of $11.5 Billion

Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.