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OPEC

OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August

Modest nature of tweak indicative of mounting challenges for Saudi Arabia and Russia led group including limited ability to raise production

Carbon Pricing

Could Blue Carbon Credits Be the Future of Sustainable Financing?

The Bahamas has announced plans to sell $300m in blue carbon credits in 2022.

Electric Car

Elon Musk Lauds China for Leading the World in Renewable Energy and EVs

Elon Musk has given credit to China for its hard work in renewable energy and electric vehicles. The Tesla CEO’s points were shared on both Twitter and Weibo. …

Inaugural Edition of World Utilities Congress Successfully Concludes in Abu Dhabi

The inaugural edition of the World Utilities Congress saw a successful conclusion on the third and final day of the event.

Wind Turbine

Wind Turbine Suppliers See Record Year for Deliveries Despite Supply Chain and Market Pressures

30 wind turbine manufacturers installed 104.7 GW of new wind power capacity in 2021 despite continuing disruptions caused by the COVID-19 pandemic and increasin…

Net Zero Emission

Swiss Re, UBS Among Founding Buyers in Carbon Removal Scheme

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking…

Oil Price

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN

Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.

Solar Cell

Solar Cell Achieves Record-High Efficiency

A solar cell developed by researchers at the National Renewable Energy Laboratory (NREL) has achieved a record 39.5% efficiency under 1-sun global illumination …

LNG

EU Unveils 210 Bln Euro Plan to Ditch Russian Fossil Fuels

The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away …

Electric Vehicle Charging

ABB and Shell to Launch First Nationwide Network of World’s Fastest EV Charger in Germany

Today, ABB E-mobility and Shell announce plans to launch the first nationwide network of Terra 360’s, the world’s fastest all-in-one electric car ch…

Solar Cell

Global Solar Demand to Reach 190 GW This Year, Says IEA

The International Energy Agency expects solar, wind power, and other renewable energy technologies to achieve triple-digit global growth this year, with new PV …

Crude Oil

China's Shenghong Resumes Crude Buying Ahead of Refinery Commissioning

China's private refining complex Shenghong Petrochemical has resumed crude oil purchases ahead of the commissioning of its new refinery, sources with knowledge …

Energy Storage Battery

What Role is Large-Scale Battery Storage Playing on the Grid Today?

With a handful of leading regions deploying grid-scale storage at a faster rate than ever, what sort of impact are these additions having so far on the problems…

Net Zero Emission

Biden-Harris Administration Announces over $2.3 Billion Investment to Cut U.S. Carbon Pollution

DOE Launches $2.25B Bipartisan Infrastructure Law Effort to Increase CO2 Storage Sites, Provides Additional $91M to Advance Carbon Management Approaches, Buildi…

Geothermal Power Plant

KenGen Announces Plans for up to 400 MW Additional Geothermal Capacity

Kenya Electricity Generating Company (KenGen) has announced plans to add 400 MW of geothermal power generation capacity in the next five years, so reported by S…