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Market Analysis
European Oil Major Trading Units Provide Buffer in Rough Second Quarter
The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fue…
Power Construction
Reimposed Lockdowns Weaken India's Power Demand
This will affect the revenues and cash collections of discoms.
Wind Farm
Brazil's Omega Buys 583 MW of Wind Assets from Eletrobras
Brazilian power distributor Centrais Eletricas Brasileiras SA (BVMF:ELET3), or Eletrobras, has approved the sale of equity interests in 582.8 MW of wind power a…
Power Construction
Flexible DC Power Grid to Boost Clean Energy Supply for Winter Olympic
A flexible direct current power grid recently developed in China's Hebei Province will play a major role in clean the energy supply for the Beijing 2022 Winter …
Geothermal Power Plant
US DOE Picks 5 Projects To Receive Up To $28 Million For Geothermal Research
Today, the U.S. Department of Energy (DOE) announced that five projects will receive up to $28 million to promote the advancement of the next generation of geot…
United States
Could Rising US-China Tensions Change Global Energy Markets?
The widening rift between the world’s two largest economies – the United States and China – has had analysts and market observers using the phrase ‘Cold War…
Oil Price
Why Oil Remains Stuck at $40
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
France
Schneider Electric Expects Lower Annual Revenue, Margin on Virus Uncertainties
Schneider had previously forecast organic revenue growth and a higher core profit margin for the year, but scrapped this in March due to the pandemic
Wind Turbine
Greenko Selects ONYX InSight to Modernise Indian Wind Turbine Fleet
Independent power producer Greenko has partnered with predictive analytics firm ONYX InSight to modernise 500 wind turbines in their fleet.
Solar Power Plant
ENGIE and EIB Partner on Off-Grid Solar Scheme in Uganda
Millions of people in rural Uganda are set to access reliable and cheap electricity for the first time under a new off-grid solar scheme.
Energy Technology
Infinite Blue Energy Unveils Green Hydrogen Station Network on Australia’s Major Highways
Infinite Blue Energy has today revealed plans for a network for 17 green hydrogen fuelling stations at key locations on major road transport routes Eastern Aust…
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 …
Hydropower Plant
China to Add 140GW of Hydropower Capacity by 2030
Most upcoming hydro plants are either in China or being built by Chinese companies.
LNG
Consortium-Led LNG to Power Project in Myanmar Gets Approval
A consortium of Marubeni, Sumitomo, Mitsui, and Eden Group has received a notice to proceed with an LNG power plant in Myanmar.
Smart Grid
Egypt to Create the Middle East's First-Ever Smart Grid
State-owned Egyptian Electricity Holding Company will transform its electricity grid into a smart grid with the help of Schneider Electric.
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