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Wind Turbine
Siemens Energy Won’t Pay Dividend as Siemens Gamesa Challenges Weigh
Siemens Energy on Wednesday said it would not pay a dividend for 2022, citing a widening net loss and challenges related to its struggling wind turbine division…
Energy Transition
COP27 Reignites the Debate About Carbon Credits
Some argue that a carbon credit scheme is an essential form of climate financing for developing countries, others argue that it could easily fall prey to green-…
Net Zero Emission
Mexico Vows to Double Renewable Energy Capacity by 2030
Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation's Foreign Ministry said in a statement on Monday.
Energy Storage Battery
Rolls-Royce Delivers Battery Packs for German Virtual Power Plant
Rolls-Royce has announced that six of eight mtu EnergyPacks have been delivered to German energy solutions company VISPIRON.
Oil & Gas Supply
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…
Natural Gas
Russia to Pursue Gas Deals With Turkey at G20
Russia is set to announce its plans for gas deals with Turkey at the G20 meeting in Indonesia next week, Russia’s foreign ministry said on Thursday.
Hydrogen Project
Landmark Green Hydrogen Project Launched at COP27
A green hydrogen project in Ain Sokhna Egypt has been commissioned by project owners Fertiglobe, Scatec, Orascom Construction and The Sovereign Fund of Egypt.
Carbon Emissions
DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business
Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…
Crude Oil
UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
Rising Interest Rates Weigh on Renewable Growth
European renewable stocks have fallen 20% since August.
Electric Car
U.S., EU Launch Formal Group to Discuss Conflict Over EV Subsidies
U.S. and European Union officials will formally launch a task force next week to discuss new American laws that Europeans fear will discriminate against foreign…
OPEC
Iraq Reiterates Support for OPEC+, Saudi Arabia
Iraq's foreign ministry said late on Tuesday that it refuses any threatening or pressuring policy.
Energy Transition
Greece Runs Entirely on Renewables for First Time
Renewable energy sources represented 46% of the country’s power mix in the first eight months of the year, new report suggests.
Carbon Emissions
Canada, Rio Tinto to Invest in R&D, Cutting Emissions at Quebec Plant
Canada and Rio Tinto Ltd will invest up to C$737 million ($533.6 million) over eight years to cut carbon emissions and expand research and development at a Queb…
Wind Turbine
Danish Company to Build World’s Tallest Onshore Wind Turbine
Vestas, a Danish wind energy firm, announced in September that it would be establishing an onshore wind turbine tower with a hub height measuring 199 meters.
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