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Market Analysis

Nordic Power Price Spreads may Widen to EUR 20 – Afry

In the next few years, the price spread between different bidding areas in the Nordic market is likely to widen to an average of 20 euros /MWh.

Oil & Gas Trade

Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years

Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…

Thermal Plant

Thermal Power Plants must Shut Down Early to Meet Climate Targets, Says Study

Coal and gas-fired power plants would have to shut down 10 to 30 years sooner than their usual 35 to 40-year lifespan so that climate targets can be met.

Power Construction

Zimbabwe's ZETDC Restores Electricity to Beitbridge West

The Zimbabwe Electricity Transmission and Distribution Company has restored power to Beitbridge West constituency where most business centres, clinics, schools …

Biobattery

Renewable Diesel Drives Growth in Biomass-Based Diesel Imports

U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, grew 26 % in 2019 to more than 27,000 barrels per day (b/d), reversing three…

Offshore Wind Power

Iberdrola to Pour up to EUR 4bn in Renewables in France

Spanish power utility Iberdrola SA plans to invest between EUR 3 billion and EUR 4 billion over the next four years.

Biobattery

UK Electricity Plant Nears Full Switch away from Coal

As the coronavirus pandemic undermines the production of cleaner renewable fuels, the UK's biggest electricity plant is close to using only biomass following a …

Market Analysis

Hydro is key to Expanding West Africa's Power Grid Flexibility

A new study has mapped the potential of solar-wind-water strategies for West Africa, a region where power grids are anticipated to greatly expand in the coming …

Solar Power Plant

Largest Solar Power Plant In UK History Gets Final Approval

Three years in the planning, the Cleve Hill Solar Park has gotten final approval from the UK Planning Inspectorate Office.

Energy Transition

IEA Commends Austria's Efforts to Accelerate its Clean Energy Transition

Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union.

Crude Oil

Surprise Boost for Nigeria's Economy Comes with Higher Oil Flows

Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.

Coal-Fired Power Plants

GenOn Will Close Three Coal-Fired Units

The Texas-based company that owns a coal-fired power plant in Maryland announced it will retire the facility's three generating units, which have been in operat…

BP Enters into Two Global Framework Agreements with Worley

Both agreements are for a term of two years to provide services to BP’s global offshore developments.

Renewable Energy

Global Green Energy Growth to Fall for First Time in 20 Years: IEA

Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to p…

Nuclear Power Plant

Norwegian Reactor Dismantling to Cost Almost USD2 Billion

The decommissioning of Norway's shut down research reactors at Halden and Kjeller will cost around NOK20 billion (USD1.96 billion) and take 20-25 years, accordi…