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Energy Investment
UAE to Invest in Renewable Energy Projects of 3 GW in Turkey
The United Arab Emirates’ sovereign investment fund ADQ inked a strategic cooperation agreement with the Turkish Presidency Investment Office that includes 3 G…
Hydrogen Project
EGYPT: Plug Power to Deliver Electrolyser to Ain Sokhna Green Hydrogen Plant
US-based Plug Power will install an electrolyser capable of converting 100 MW of electricity into green hydrogen in the Suez Governorate of Egypt.
South Korea
IONIQ 5-Based Level 4 Self-Driving Car to Run in Downtown Seoul Starting in 2022
A fully autonomous vehicle developed by Hyundai Motor will hit the road in downtown Seoul in the first half of 2022.
Crude Oil
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …
Electric Car
NIO, Shell Collaborate on Battery Swapping and Charging
Chinese automotive manufacturer NIO and Shell have signed an agreement to construct and operate battery swapping facilities in China and charging stations in Eu…
Natural Gas
Equinor Shifts Oseberg Output Focus Towards Gas
Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.
Crude Oil
Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week
Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets
Tidal Energy
Atlantic Canada’s First Instream Tidal Energy Set for Completion in 2022
Sustainable Marine is set to demonstrate that Nova Scotia can produce vast amounts of clean and predictable energy from its tidal energy streams, after completi…
Hydropower Plant
Hydropower to Dominate New Zealand’s Energy Mix Through 2030
Hydropower generation in New Zealand will continue to hold the dominant share in the country’s generation mix until 2030, forecasts data and analytics company …
Offshore Wind Power
South Korea: BayWa and Ulsan Sign MoU for Floating Offshore Wind
Ulsan City mayor, Song Cheol-ho, has signed an agreement with global energy developer BayWa r.e. to promote the development of floating offshore wind in South K…
Hydropower Plant
ANDRITZ Receives Order for Indian Hydropower Project
Start of commercial operation is scheduled for the end of 2024.
Energy Storage Project
Hydrostor Energy Storage Project Files for Application for Certification
Pecho LD Energy Storage LLC, an affiliate of Hydrostor, has filed its Application for Certification with the California Energy Commission for development of a 4…
Electricity Trade
Cold Blast Sends Power Prices Soaring In Germany
Europe's first cold spell of the heating season has arrived, pressuring power prices higher as freezing temperatures ushers in increased power demand to heat bu…
Climate Policy
RWE Welcomes German Coalition’s Energy Policy
CEO says German SPD, Green and FDP parties’ agreement will give the energy transition a ‘considerable boost’
China
China Adviser Says Energy Crisis Won’t Stall Climate Action
Forthcoming 2025 energy blueprint seen prioritizing renewables
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