Cit

Oil Price

Azerbaijani Oil Prices Take Nosedive

The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.53 on January 21 compared to the previous ra…

Gas power plant

Geometric Power Resumes Full Electricity Supply After Disruption

Geometric Power, Aba, Abia State on Tuesday said full electricity supply has resumed after a decline to 40 percent at the weekend in the nine local governments …

Offshore Wind Power

ØRsted Books Eur 1.6 Billion Impairment From Increased Costs, Sunrise Wind Delays in US

Ørsted has reported impairment losses of DKK 12.1 billion (approximately EUR 1.62 billion) for the fourth quarter of 2024, citing rising costs for its of…

Electricity Trade

Axpo Inks PPA With Exilion in Finland

Axpo Nordic has signed a corporate power purchase agreement (PPA) with Finnish renewable energy producer Exilion Tuuli Ky.The long-term deal covers the supply o…

Photovoltaic （PV）

Bangladesh Launches 500 MW PV Tender

The Bangladesh Power Development Board (BPDB) has launched a tender for the construction of 10 solar power plants each having a 50 MW electricity generation cap…

Photovoltaic （PV）

China Hits 277.17 GW of New PV Installations in 2024

China’s National Energy Administration (NEA) has released the country’s 2024 electricity industry statistics, with a significant jump in solar capac…

Power Construction

Indonesia Plans 71GW Power Plant Expansion

Indonesia has an installed power capacity of 101GW, with 75GW managed by PLN.Indonesia plans to increase its power capacity by 71GW up to 2034 with a significan…

Electricity Trade

Taiwan’s $3.1bn Funding Cut for Taipower May Raise Electricity Rates

The implications of any resultant price increases could extend beyond Taipower, potentially leading to escalated expenses for energy-intensive sectors.Taiwan ha…

Crude Oil

Two Contractors Dead in Germany After Gas Cylinder Explosion at Bosch Site

Two contractors died after a gas cylinder exploded on the premises of Bosch, the world's largest car parts supplier, German police and the company said on T…

Solar project

Scatec Secures 15-Year CFD for 190MW Solar Portfolio in Romania

Scatec Secures 15-Year Cfd for 190MW Solar Portfolio in RomaniaRenewable energy solutions provider Scatec has entered a 15-year contract-for-difference (CfD) ag…

Hydropower Plant

ADNOC Gas, EWEC Form New Partnership Underpinned by 10-Year, $10 Billion Natural Gas SPA

ADNOC Gas celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company) to support the UAE’s energy transformation. …

Hydropower Plant

IREDA Inks JV for 900 MW Upper Karnali Hydropower Project

Indian Renewable Energy Development Agency Ltd. (IREDA) has sealed the joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority …

Photovoltaic （PV）

China’s Green Power Capacity Soars in 2024

Wind turbines spin at a wind farm in Daban, northwest China.China's installed capacity of solar power and wind power climbed by 45.2 percent and 18 percent …

Battery

Romania Allocates €150 Million for Standalone Battery Storage Rollout

Minister Burduja during his recent visit to Romania's largest operating BESS project with an installed capacity of 24 MWhRomania has launched a new non-refu…

Photovoltaic （PV）

Uruguay Launches Tender for 75 MW Solar Park

Uruguayan power utility UTE has launched a tender for a 75 MW solar park. The Melo solar project will be built near the city of Melo, Cerro Largo department.Acc…