Energy economy

Net Zero Emission

US Invests $178M to Advance Bioenergy Technology

A total of 37 projects will develop new technologies that engineer plants and microbes into bioenergy and improve carbon storage

Wind Farm

Iberdrola Sells Share of Wind Farm for €700M

A Swiss infrastructure investment firm will own a 49% stake in Wikinger offshore wind farm in Germany

Solar Materials

Jinkosolar Signs Two Polysilicon Supply Contracts in a Month Totalling Nearly Us$30 Billion

JinkoSolar has signed a major polysilicon supply contract worth more than RMB103.3 billion (US$14.9 billion).

Poland

Poland to Freeze Electricity Prices for Households in 2023

Poland plans to freeze in 2023 electricity prices at current levels for households consuming less energy, the ruling Law and Justice (PiS) leader said on Tuesda…

EU

EU Approves €1.5BN Romanian Scheme to Compensate Energy-Intensive Firms

It will cover part of the higher electricity prices arising from the impact of carbon prices on power generation costs, i.e. indirect emission costs, incurred b…

Net Zero Emission

Around 13 Million Workers to Join Energy Sector by 2030: IEA

It is expected to double under the net-zero emissions scenario.

Net Zero Emission

Singapore Bank DBS Sets Decarbonisation Targets for Key Sectors

Singapore's DBS Group has set decarbonisation targets for nine industry sectors, including power, oil and gas, aviation and shipping, and reinforced its commitm…

Energy Transition

Egypt Climate Champion Calls for New Metric on Climate Finance

Developing country climate financing needs should start being reframed at the U.N. climate summit in November, in order to move beyond the outdated – and unful…

Energy Sector Employment Exceeds Pre-Pandemic Levels: IEA

It may increase by 6% in 2022.

Smart Grid

Smart Energy Finances: Gridspertise Tech Alliance and Enel Finance’s €1B Sustainability Bond

​This week’s iteration of Smart Energy Finances looks to partnerships and sustainability bonds announced under the Enel umbrella.

Germany

Germany to Subsidise Basic Level of Power for Homes, Businesses - Ministry Paper

Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to mea…

Oil & Gas Trade

New UK Prime Minister Opposes Windfall Tax on Energy Companies

UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.

EU

European Utilities Rally as EU Unveils Rescue Plan

Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…

Oil Price

What Will Be Inside UK’s Energy Bill Package for Households and Businesses?

Britain’s new Deputy Prime Minister has confirmed that details of the government’s support will be revealed later this week

Energy Transition

Iberdrola Invests 3,000 Million Euros in Australia to Lead the Energy Transition

The Chairman of Iberdrola has held a meeting with the Premier of the State of Victoria, Daniel Andrews, and the Minister for Energy, Environment, Climate Action…