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China

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.

Nuclear Power Plant

Jacobs to Support Development of Moltex Energy's Stable Salt Reactor

US-based Jacobs announced it has been selected to support development of Moltex Energy's Stable Salt Reactor.

Market Analysis

251GW New Chinese Wind Expected this Decade

China is expected to add 251GW of new wind capacity between 2020 and 2029 but additions will take a 16% hit from next year due to the end of subsidies.

Wind Power Project

RWE to Acquire 2.7GW Renewable Project Pipeline from Nordex

The Nordex Group has selected German electric utility company RWE Renewables as a buyer for its European onshore wind and solar projects.

China

China to Add 251GW of New Wind Capacity by 2029

China is expected to add 251 gigawatts (GW) of new wind capacity between 2020 and 2029, says Wood Mackenzie. The country’s wind power market could reach a cumu…

Nuclear Equipment

US Report Highlights Nuclear Export Opportunities

Exports of nuclear energy equipment and technology to meet the needs projected by the Intergovernmental Panel on Climate Change (IPCC) could be worth USD1.3-1.9…

Power Construction

Power Distribution Arm of REC Orders Cancellation of Contract to Dongfang Electric India

Power distribution arm of REC Ltd, RECPDCL, has directed cancellation of an order to Dongfang Electric India, the Indian unit of the Chinese power equipment mak…

France

World’s Largest Nuclear Fusion Project Under Assembly In France

The world’s largest nuclear fusion project began its five-year assembly phase on Tuesday in southern France, with the first ultra-hot plasma expected to be gen…

Nuclear Power Plant

Ukraine Signs Agreement with GE and Receives European Loans

US-based GE Steam Power announced that it has been selected by Ukraine’s AtomRemontServis for its first Multi-Year Agreement in Ukraine on the Khmelnitsky and …

Solar Power Plant

Acciona Opens Spain's Grid-Connected Floating Solar PV Plant

Renewable energy company Acciona has announced the opening of the first grid-connected floating photovoltaic solar plant in Spain.

Gas power plant

Chan May LNG Invests in 4GW Gas-Fired Plant

The first phase of the project is expected to start operations by 2024.

Distributed energy

Annual Spending on DER Management to Hit $5.9bn by 2029

The global market for distributed energy resources management technology is expected to grow by 24.3% per annum between 2020 and 2029.

Oil & Gas Trade

Indonesia’s August Gasoline Imports Likely to Stay Low

Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.

Aker 2Q13 Earnings Impacted by Order Delays and Cancelations

Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012

Electric Car

Electric Vehicle Market Likely to be Rs 50,000 Crore Opportunity in India by 2025

The electric vehicle market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrificatio…