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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…

LNG

Samsung Heavy Industries Remains in Black With $46M Profit

Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its f…

Green Hydrogen

Hyphen Hydrogen Energy to Aid in the Development of Namibia's Landmark Green Hydrogen Project

Hyphen has launched socio-economic development framework in partnership with The Government of the Republic of Namibia.The socio-economic development framework …

Wind Farm

Masdar Joins Iberdrola to Co-invest in the Baltic Eagle Wind Farm in Germany

The Baltic Eagle offshore wind farm, which has a capacity of 476 MW, is valued at €1.6 billion according to the terms of the dealIberdrola reaffirms its co…

Oil & Gas Trade

With 18 Oil & Gas Projects, Worth $60.2 Billion, in the Works, Qatar Set on Upping the LNG Ante

As Qatar has 18 projects under development across the oil and gas sectors, with an estimated capital expenditure (CAPEX) of $60.2 billion, the Persian Gulf stat…

Offshore Wind Power

Maine Lawmakers Pass Bill to Jolt State's Offshore Wind Industry

Lawmakers in Maine on Wednesday passed legislation that would set a 3-gigawatt target for offshore wind deployment off the state's scenic coastline by 2040,…

Net Zero

Global Standards Launched to Boost $2 Bln Voluntary Carbon Market

General view of smoke coming from a chimney of an energy plant in Dublin, Ireland, September 24, 2018. REUTERS/Clodagh Kilcoyne/File PhotoLONDON, July 27 (Reute…

Offshore Wind Power

Octopus Energy to Pour Billions in Offshore Wind Globally by 2030

UK green energy supplier Octopus Energy Group has announced that it will invest, through its generation arm, USD 20 billion (about GBP 15 billion) into offshore…

United Kingdom

Octopus Energy to Pour Billions in Offshore Wind Globally by 2030

UK green energy supplier Octopus Energy Group has announced that it will invest, through its generation arm, USD 20 billion (about GBP 15 billion) into offshore…

Thermal Plant

NV Energy Seeks $1.8b to Replace Last Coal Plant

NV Energy is committing to shutting down its last coal plant by 2025, the utility announced Wednesday, and will spend nearly $2 billion to do it.The news comes …