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Energy Investment
China's CEIC, China Reform set up $1.55 bln New Energy Fund
Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-…
Oil Pipeline
Biden May Cancel Keystone XL Pipeline Permit As Soon As His First Day in Office -Source
U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps …
Solar Power Plant
Engie, Neoen Building Subsidy-Free 1GW Solar Project with Storage, Electrolyser in France
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion in a large-scale solar-plus-storage project in south eastern France, whic…
Natural Gas
Gas Demand Surging Toward Record
Forecasts agree this year may see 6-8% rise to reach around 360 billion cubic meters of fuel.
Crude Oil
Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio…
China
China's Geely, Baidu Announce Electric Car Ventures
Global and Chinese automakers have launched partnerships to share the multibillion-dollar costs of developing electric vehicles for China under government press…
Nuclear Power Plant
Russia’s Kursk-II on Schedule with RUB25bn Invested in 2020
More than RUB25 billion was invested in the construction of Russia’s Kursk-II NPP in 2020.
Electric Car
Tesla Market Value Tops $700 bn for First Time
Electric carmaker Tesla closed trading on Wednesday with a market value topping $700 billion for the first time.
Hydrogen Technology
Microwaving Plastic Waste Can Generate Clean Hydrogen
Plastic waste is a massive global problem, with 4.9 billion tons of it currently sitting in our oceans, beaches, waterways, and landfills, where it is polluting…
Energy Investment
China's Investment in Countries Along the Belt and Road Increased by 24.9%
According to data released by the Ministry of Commerce of China, from January to November 2020, China's foreign non-financial direct investment was 659.36 billi…
Hydropower Plant
Three Gorges Power Station will Generate 111.8 billion kWh in 2020
The Three Gorges Power Station with a total installed capacity of 22.5 million kilowatts is the largest hydropower station in the world.
Wind Farm
Morocco to Build 270 MW Wind Farm Near Essaouira
Morocco has given a go-ahead to a 270 MW wind farm in Jbel lahdid near Essaouira for a total cost of 2.8 billion dirhams as part of its plan to promote green en…
Biobattery
Trump Signs COVID-19 Relief, Tax Extenders Package
After a nearly week-long delay, President Trump on Dec. 27 signed a legislative package that includes tax extenders, $900 billion in COVID-19 relief and governm…
Natural Gas
China's Gas Output to Surpass 186 billion Cubic Meters
The output of natural gas in China is likely to reach over 186 billion cubic meters this year, said an official with the National Energy Administration.
Brexit
Finnish-British Trade has Declined Before Brexit
Imports from January to September totaled 1.2 billion euros, a drop of less than 4%.
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