Energy

Tidal Energy

North America’s Oldest Tidal Power Plant Set for Closing

Nova Scotia Power, the owner of the Annapolis Tidal Generating Station, has decided to retire the 37-year-old power plant following a failure related to its ele…

Solar Power Plant

Goldman Sachs Partners for US Solar Spree

Bank's renewables arm to initially acquire 55MW of community PV in New York state from SMT Energy.

Carbon Neutral

South Korea and Visegrád Four to Further Economic Cooperation

The first forum took place four months ago.

Market Analysis

China's Coal Consumption Share Falls to 56.8% at End-2020

The rapid rollout of renewable-energy capacity and the growing use of natural gas has helped reduce the share of coal consumption from around 68% over the last …

Mexico

Mexican State Oil Firm Pemex Reports $23 Billion Loss in 2020

The company said it had faced "the worst crisis in its history" last year due to the health crisis sweeping the planet.

Hydrogen Project

Saudi Arabia Plans to Export Green Hydrogen to Europe by Pipeline

Hydrogen has become a popular alternative fuel among Gulf oil producers looking to diversify their energy sources

United States

US to Review Reliance on Critical Minerals Supply from Overseas

The order will also start yearlong reviews into the six sectors: energy, food production, information technology, defence, public health, and transport, to dete…

Electricity Transmission

New York Begins Construction on $854m Transmission Project

The New York State government has started construction of the $854m Marcy to New Scotland Transmission Upgrade Project in the US.

Hybrid Power Plant

Juwi to Construct Hybrid Solar Park in Australia

juwi Renewable Energy Pty Ltd, juwi’s Brisbane-based subsidiary, will construct a high penetration solar farm as part of EDL’s hybrid power solution for the t…

Energy Storage Battery

CEFC Offers US$127.6 Million Debt Finance for 300MW Victoria Energy Storage Project

Australia’s Clean Energy Finance Corporation has invested AU$160 million in a 300MW battery storage project near Geelong, Victoria.

Electric Car

Hyundai’s Ioniq 5 to Bring New Innovations to Electric Vehicle Driving

The Hyundai Ioniq 5, the company’s first model in its new battery electric vehicle lineup, is set to become available in selected regions by mid-2021.

Digitalization

Ethiopia: Collaboration Launches a Digital Centre in Addis Ababa

GIZ, Orange, the Ministry of Innovation and Technology, the Ethiopian Investment Commission and the Industrial Parks Development Corporation have launched the A…

Shell Acquires Next Kraftwerke to Strengthen Position in Renewables Trading

Subject to approval by the regulatory authorities, Shell will acquire 100% of Next Kraftwerke’s shares.

Electric Car

Volvo Cars and Geely Auto to Deepen Collaboration; New Combined Powertrain Company

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups

Personnel Appointment

Jennifer M. Granholm Sworn in as 16th Secretary of Energy

Jennifer M. Granholm was sworn in today as the 16th Secretary of Energy by Vice President Kamala Harris, following a broad bipartisan confirmation vote of 64-35…