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Coal Production

Iran Holds 1.5 Billion Tons of Coal Reserves

TEHRAN – The secretary of Iran Coal Association has said the country holds 1.5 billion tons of definite coal reserves which is enough to meet the country&…

Oil Price

Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year

Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highe…

Renewable Energy

Capital Energy to Sell $1 Billion Renewable Energy Portfolio, Sources Say

Power-generating windmill turbines are pictured at a wind park in the Serra da Capelada, near Ferrol, Galicia, Spain April 13, 2023. REUTERS/Nacho Doce/File Pho…

Electric Vehicles

BYD Mulls Dropping $1 Billion EV Joint Venture in India Following Government Scrutiny

After submitting a proposal to the government in India alongside its local joint venture partner this past spring, Build Your Dreams (BYD) is reportedly shelvin…

Coal Production

Coal Companies Announce Strong Profit Results in Q2

A coal mine in the northern province of Quang Ninh. Photo courtesy of VinacominVietnamese coal enterprises prospered in the second quarter due to the high deman…

Oil & Gas Supply

Australian State Bans Gas to New Homes From 2024

SYDNEY: The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills,…

Wind Farm

New Jersey Residents Challenge Orsted Offshore Wind Farm's $1 Billion Subsidy

Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado RuvicNew Jersey residents have …

Photovoltaic （PV）

RCT Solutions to Open 10 GW Solar Module Factory in Canada

RCT Solutions says it plans to invest CAD 3 billion ($2.26 billion) in a 10 GW solar module factory in Manitoba, Canada. The Manitoba provincial government said…

Substation

The global substation automation market is expected to be valued at US$ 55.69 Billion by 2032 | Future Market Insights Inc.

The global substation automation market is expected to be valued at US$ 29.12 Billion in 2022. With the increasing demand for electric and hybrid vehicles, coup…

Renewable Energy

Uncertain Outlook for Energy Bills as New Cap Announcement Looms

Cornwall Insight has unveiled its latest forecasts for the Default Tariff Cap (price cap) covering the period October 2023 (Q423) to September 2024 (Q324). The …

Crude Oil

Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project

Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's …

Offshore Wind Power

Acciona Energía Closed the First Half of 2023 With a Net Income of €405 Million (+3.9%).

ACCIONA Energía closed the first half of 2023 with a net income of €405 million (+3.9%). During the period, the company doubled its net investment c…

Renewable Energy

Italy Eyes 19 Billion Euros in Energy Investments as It Reviews Post-covid Plan

Italy said on Thursday it planned to use EU money to fund an investment programme worth around 19 billion euros ($21 billion) to strengthen power and gas grids …

Energy Storage Project

First Solar Plans $1.1 Billion Investment in Fifth U.S. Panel Factory

An overview of solar panel manufacturing is seen at First Solar in Perrysburg, Ohio July 8, 2022. REUTERS/Megan JelingerFirst Solar Inc (FSLR.O) on Thursday ann…

Energy Saving

US Launches $8.5 Billion in Rebates for Home Energy Efficiency

Fields of heliostat mirrors reflect sunlight onto a boiler mounted on a solar power tower at the Ivanpah Solar Electric Generating System, the world’s lar…