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Energy Technology

Germany Agrees Hydrogen Strategy to kickstart Electrolyzers for 2030s

Germany's government has agreed the details of the national hydrogen strategy with $10 billion to be set aside in the federal budget to kickstart growth in elec…

China Belt and Road

China Signed New Contracts for Water Conservancy Construction with 53 Countries Along the Belt and Road

Chinese companies have made non-financial direct investment in 53 countries along the Belt and Road to reach us $5.23 billion.

Offshore Wind Power

Iberdrola to Pour up to EUR 4bn in Renewables in France

Spanish power utility Iberdrola SA plans to invest between EUR 3 billion and EUR 4 billion over the next four years.

Power Construction

China to Construct 1,124MW Power Project in Pok Under CPEC

China under the multi-billion-dollar CPEC will set up a 1,124-megawatt power project in Pakistan-occupied Kashmir despite India's objection to it, according to …

LNG

Shell Weighs Sale of $2 Billion-Plus Stake in Queensland LNG Facilities

Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia,…

LNG

Consortium Commits $15bn Toward LNG Project in Mozambique

A mozambican LNG project is expected to sign an agreement in June 2020 with financing commitments of $15 billion.

Germany Drafts Offshore Wind Bill with 40 GW-by-2040 Goal, Dynamic Tendering Process

German Federal Ministry of Economy and Energy has issued a draft bill for an amendment of the Offshore Wind Act (WindSeeG), which outlines the country's goal fo…

Smart Grid

Smart Grid Infrastructure Investments in South America to Hit $18.1 Billion

Led by Brazil, Colombia and Chile, countries in South America will invest $18.1 billion in smart grid infrastructure over the next decade, according to smart in…

South Africa’s NERSA Gives Eskom Nod to Increase Tariffs

The National Energy Regulator of South Africa has approved Eskom’s request to recover R13.3 billion as part of the power utility’s regulatory clearing account…

Solar Power Plant

Algeria Set to Build $3bn Solar Power Plant

Algeria plans to build several solar power plants worth between $ 3.2 billion and $ 3.6 billion for export and domestic consumption.

UK Ofgem And National Grid Agree GBP60 Million Savings For Hinkley

National Grid PLC has agreed to reduce the cost of connecting the new Hinkley Point C K energy regulator said Friday, saving consumers "money on their billsnucl…

Solar Power Plant

OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects

OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic projects to produce renewable electricity for export and for meeting incre…

Nuclear Power Plant

Ukraine Passes Bill to Secure Euratom Loan

The Verkhovna Rada, Ukraine's upper house of parliament, has adopted a draft law on nuclear safety that enables state-run nuclear power plant operator Energoato…

Australia

Massive 1000MW “Baseload” Wind, Solar and Hydrogen Plant Pitched for NSW

New South Wales could become host to one of Australia’s first solar, wind and hydrogen “baseload” power plants, under a multi-billion dollar plan pitched for…

Coal-Fired Power Plants

India Added 8,800 MW of Coal-Based Power Capacity Last Year: IEEFA

The thermal power generation sector is facing stress carrying $40-60 billion of potentially non-performing assets, IEEFA said.