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Electric Car
Foxconn Partnering with Thailand’s PTT to Build EVs; MIH Open EV Platform
Foxconn and PTT have signed a Memorandum of Understanding to collaborate in setting up an open platform for producing electric vehicles and key components to se…
Energy Subsidies
EU Wants to Loosen State Aid Rules for Renewable Energy Projects
EU competition regulators are considering changes in state aid laws to allow EU countries to subsidise up to 100% of renewable energy projects
Market Analysis
Nuclear Energy and American Hegemony
Over the past four years, the European Union, a political entity whose membership largely overlaps with that of NATO, has been importing roughly 40% of its natu…
Costa Rica and Russia will Develop Cooperation in Peaceful Uses of Nuclear Energy
On 3 June 2021, the Atomic Energy Commission of Costa Rica and Rosatom signed a memorandum of understanding on cooperation in the field of peaceful uses of atom…
Wind Power Project
Vestas Secures Order for Japanese Wind Project
Vestas has secured a 32 MW order with Toda Corporation for the Azumakogen Wind Farm in Fukushima prefecture, Japan.
EV Market
Tesla's China Orders Fall by Nearly Half in May
Tesla Inc's vehicle orders in China nearly halved in May from April, against the backdrop of increased government scrutiny on the US electric carmaker.
Oil Exploration
Uganda Picks Four Firms For New Oil Exploration Round
Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever.
OPEC
Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May
Wind Power Project
Engie Closes Financing of 150 million Dollars for Future Punta Lomitas Wind Power Plant
Engie Energía Perú closed a financing for 150 million dollars for up to 12 months in order to finance part of the estimated investment to develop the future P…
Power Construction
Canada Invests Over $960 Million in Grid Modernization, Renewable Energy Projects
The Smart Renewables and Electrification Pathways Program supports building Canada's low-emissions energy future and a renewable, electrified economy.
Hydrogen Project
Doosan Heavy Signs MoU to Build Hydrogen Gas Turbine Project in Korea
Doosan Heavy has signed a memorandum of understanding today with Korea East-West Power, Ulsan Metropolitan City and SK Gas for a hydrogen gas turbine demonstrat…
Rosatom
Schneider Electric and Rosatom Expand Cooperation
Schneider Electric and Rosatom signed an agreement to extend a 2015 Memorandum of Understanding.
Natural Gas
South Korea to Raise Natural Gas Inventory Requirements
South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven…
Natural Gas
Israel Weighing Fewer Limits on Natural Gas Exports
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.
Wind Power Project
Japan Looks To Become Leader In Wind Energy
Japan has notoriously been dependent on energy imports, being the world’s fifth-largest crude importer and second-largest LNG importer.
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