Bill

Hydropower Plant

Ethiopia’s Nile Dam that has Egypt ANGRY

Ethiopia is constructing a $4.8 billion dam along the Nile River that has Egypt angry.

Power Construction

Australia Labor’s Budget Response: $20 Billion to Rewire the Grid

The Federal Opposition has responded to the Federal Government’s 2020-21 Budget, outlining a plan to invest $20 billion in rewiring the electricity grid to all…

Australia

ARENA Gets $1.62bn Boost from the Australian Government to Cut Emissions

In Australia, the prime minister and the minister of energy and emissions reduction have announced $1.62 billion in funding for the Australian Renewable Energy …

Wind Farm

Statkraft Invests in Solar and Wind Power in Brazil

In the case of the wind farm in Bahia announced by Statkraft on Monday, the planned investments are 2.5 billion reais.

Oil Field

Equinor Plans $2 Billion Breidablikk Oilfield Development

Equinor and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns development plan for the North Sea field.

China

China's Renewable Energy Investment Exceeds US$100 Billion for Five Consecutive Years

The number of patents, investment, installed capacity and power generation in the field of renewable energy in China has ranked first in the world for many cons…

Oil Shale

U.S. Shale Producers Devon Energy , WPX Energy in Merger Talks

U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around…

Hydropower Plant

Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project

The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project.

EV Market

Electric Vehicle Charging Network ChargePoint to Go Public at $2.4 Billion Valuation

ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy …

Electric Vehicle Battery

Tesla's Value Drops $50 Billion as Musk's Promised Cheaper Battery 3 Years Away

Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000…

LNG

Russia's Arctic LNG Project Receives US$9.5 Billion in Financing

International lending institutions have arranged approximately US$9.5 billion in financial support for Russia’s Arctic Liquefied Gas project.

Energy Transition

SOUTH AFRICA: The Government has its Plan to Fight Climate Change

Meeting in the Council of Ministers recently, the South African government passed three bills as part of a plan to combat climate change.

LNG

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

Berlin offered to spend 1 billion euros to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord S…

Nuclear Power Plant

Hitachi Exits $26bn Nuclear Power Plant Project in UK

Japanese technology company Hitachi has announced the end of plans for a multi-billion-pound nuclear power plant project in Wales, UK.

Coal Mine

Coal India Plans to Restore Production from Discontinued Underground Mines, Identifies 12 blocks

The move is seen as part of efforts by the PSU coal major to meet its overall production target of one billion tonnes in the next four years.