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Economy
Poland Faces $15 Billion Nuclear Power Bill over 20 Years
Poland will have to spend 60 billion zlotys (12.2 billion pounds) on its planned nuclear power plants over the next 20 years, the Polish minister responsible fo…
Slovakian Govt backs EUR-1bn EV Battery Gigafactory by InoBat
InoBat Auto, the Bratislava-based battery maker with plans for a 10-GWh plant, has secured funding from the Slovakian government for a research and development …
Concerns Over £1.1bn Cross-Channel Power Link’s Impact on Proposed Sussex Windfarm
Concerns have been raised that the proposed £1.1bn Aquind Interconnector between the UK and France will impact the construction of a windfarm on the Sussex coa…
Solar Power Panel
Australia Could Soon Export Sunshine to Asia Via a 3800-km Cable
Australia is the world's third largest fossil fuels exporter – a fact that generates intense debate as climate change intensifies. While the economy is heavily…
Saudi Economy Grows just 0.3% in 2019 as Oil Sector Shrinks
Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although the non-oil s…
Oil Price
Russia's Putin Says Current Oil Prices Acceptable
Russian President Vladimir Putin said on Sunday that current oil prices were acceptable and that Russia had the tools to react to any negative effects of the sp…
Almost £4 million Raised for Company Behind MeyGen Project
SIMEC Atlantis Energy, the company behind the poineering MeyGen renewable energy project in the Pentland Firth, has raised almost £4 million in a successful bo…
Slovakia Launches First Renewables Auction
The ceiling price for solar and wind power has been set at €84.98/MWh. It is expected around 30 MW of generation capacity will be allocated and solar projects …
Three Gorges Group Started 25 New Energy Projects with a Total Investment of 58billion CNY
The Three Gorges Group issued a mobilization order through a video conference in Beijing on February 24, announcing the commencement of construction of 25 new e…
Teck Resources Drops Plans for $15.5bn Frontier Oil Sands Mine Project
The announcement comes just days ahead of a decision scheduled to be taken on the approval of the Frontier Oil Sands Mine Project by the Canadian cabinet.
China Starts to Reopen Gates to US Ethanol
China will offer tariff exemptions of nearly 700 types of goods from the US, including fuel ethanol, the Chinese government announced Tuesday, but traders are c…
China’s Exim Bank Agrees $214m Loan for Rwandan Dam
A $214m concessionary loan has been agreed between the Export-Import Bank of China and the government of Rwanda for the Nyabarongo II dam, to be built by Chines…
Coal Mine
Why the World’s Third-Largest Economy is Still Betting on Coal
Japan, the world’s third-largest economy, is leaning into coal power, a striking move at a time when the climate crisis is accelerating and most of its economi…
Trump's Agriculture Department Announces 30% Biofuel Goal for 2050
The U.S. Department of Agriculture on Thursday announced a goal for biofuels to make up 30% of U.S. transportation fuels by 2050, a move that could bolster an i…
U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA,…
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