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South Korea

Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea

Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…

Net Zero Emission

Indonesia’s PLN Enters Agreement With Amazon for 210MW Solar Projects

State-owned electricity firm PT PLN (Persero) signed an agreement with Amazon for the development of 210 megawatts (MW) of solar projects, the generated power o…

Hydrogen Project

World Bank Group Announces International Low-Carbon Hydrogen Partnership at COP27

The World Bank hydrogen partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon …

Wind Turbine

Siemens Energy Won’t Pay Dividend as Siemens Gamesa Challenges Weigh

Siemens Energy on Wednesday said it would not pay a dividend for 2022, citing a widening net loss and challenges related to its struggling wind turbine division…

Gas Turbine

Germany’s Gas Turbine Capacity Expansion Moving Too Slow

Germany is behind in its plan to expand its gas turbine capacity to 30 GW by 2030—the amount needed to stabilize its electricity distribution networks, accordi…

Hydropower Plant

Asia’s Pumped Hydropower Capacity to Overtake NAWE in 2023

Developments will mostly be located in Mainland China.

Electricity Transmission

Latvian TSO to Invest Over €500M in Digital Grid Solutions

Latvian transmission system operator AS “Augstsprieguma tīkls” (AST) plans to invest €500.5 million ($516.8 million) up to 2033 to strengthen the electricit…

Net Zero Emission

Mexico Vows to Double Renewable Energy Capacity by 2030

Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation's Foreign Ministry said in a statement on Monday.

Bezos Pledges to Give Most of His $124B to Fight Climate Change

Billionaire Jeff Bezos–the fourth-wealthiest person in the world–has told CNN he plans to give away the bulk of his $124 billion net worth to fight climate ch…

Natural Gas

German Govt Postpones Decision on Gas Price Brake

The German government is postponing its decision on a gas and electricity price brake that had been planned for Friday, said a government spokesperson.

OPEC

OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …

Germany

German Budget Experts Push for Dividend Ban Tied to Energy Subsidies

Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …

Nuclear Reactor

EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.

Hydrogen Production

Philippines’ President Greenlights Offshore Wind, Green Hydrogen Plan

The Philippines’ President has given the country’s Department of Energy the green light to move forward with its plan to explore and develop the offshore wind…

Nuclear Reactor

Finland Introduces Scheme to Prevent Power Blackouts

Finland's national power grid operator said on Friday it will introduce voluntary procedures for companies and the public sector to help prevent electricity sho…