Bill

Nuclear Power Plant

EDF Revises up Cost of Nuclear Power Plant Outages

The French nuclear power operator EDF says that the programme of inspections and repairs related to the stress corrosion issue means it has increased the hit it…

LNG

EU Unveils 210 Bln Euro Plan to Ditch Russian Fossil Fuels

The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away …

Hydrogen Project

Rystad Energy: Egypt Invests in Green Hydrogen Economy

COP27 host Egypt has committed US$40 billion to green hydrogen economy to attract foreign investment.

Germany

RWE Issues New Us$2.1 Billion Bond to Chase Solar, Wind Projects

German utility giant RWE has issued a green bond with a volume of €2 billion (US$2.1 billion), the proceeds of which will be used to pursue development of sola…

Energy Transition

EU to Map Out Escape Route From Russian Fossil Fuels

The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its reliance on Russian fossil fuels by 2027, and use the pivot …

Electric Car

New Zealand Targets EVs, Industry with New $2.8 Billion Climate Response Fund

The New Zealand government said on Monday it would set up a NZ$4.5 billion ($2.83 billion) climate response fund, spending at least NZ$2.9 billion on cutting po…

Nuclear Power Plant

New Nuclear Power Stations May Increase Energy Bills, Says Business Secretary

Kwasi Kwarteng however, has said in the “medium-term” new nuclear would give the UK “cheaper power”.

Oil & Gas Supply

Europe Eyes Gas-Rich African Nations for New Supplies, Rystad Says

Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expec…

Solar Power Panel

Chinese Industry Brief: Surging Solar Exports, Wafer Supply Deals

PV module exports surged in the first quarter, according to research firm PV InfoLink. Risen Energy, meanwhile, has just signed a $2.16 billion, long-term wafer…

Oil Field

Norway’s Equinor Sells Shares in Two North Sea Fields for over $1 Billion

Norwegian state-owned giant Equinor and its compatriot Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in two North Sea…

Electric Vehicle Battery

UK Electric Vehicle Investment Window Closing Fast – Report

A report from the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport illustrates how the UK can become a global player in electric v…

Clean Energy Transition

Queen’s Speech Lays out UK Energy Bill

The pursuit of cheaper, cleaner and more secure energy has been put at the heart of the UK government’s plans.

Net Zero Emission

Biden-Harris Administration Announces over $2.3 Billion Investment to Cut U.S. Carbon Pollution

DOE Launches $2.25B Bipartisan Infrastructure Law Effort to Increase CO2 Storage Sites, Provides Additional $91M to Advance Carbon Management Approaches, Buildi…

Electric Car

Toyota Plans to Invest $624 Million to Make EV Parts in India

Toyota Group plans to invest 48 billion Indian rupees ($624 million) to make electric vehicle components in India, as the Japanese carmaker works toward carbon …

Carbon Emissions

Carbon Capture Challenges are Not Deterring Investor at Bill Gates’ Firm

In the United States, there is a voluntary market for companies to pay to capture their carbon, but there is not any government regulation or a federally mandat…