Eu

Energy Investment

Porsche Invests EUR 70 million in Croatia’s Rimac Automobili

Porsche has increased the share of its ownership in Croatia’s electric car producer Rimac Automobili to 24% with an investment of EUR 70 million.

Natural Gas

Kazakh State Energy Firm to Retain Ownership of Gas Division

KazMunayGaz is the oil-exporting nation's biggest borrower on the Eurobond market, and some analysts had expressed concerns that the government's plan to hive o…

Hydrogen Project

Get H2 Partners Propose Green Hydrogen Pipeline in Europe

Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen.

Carbon Neutral

Xinjiang Sets Record High Wind Energy, Solar Power Generation

Northwest China’s Xinjiang Uygur Autonomous Region is taking the lead in China’s renewable energy push, with new energy installed capacity reaching a record h…

Carbon Neutral

5-Year Blueprint Paves Way for 2060 Carbon Neutrality

Over the next five years and beyond, China will take more measures to restructure its industry and energy mix in a greener way, and this will lay a solid founda…

Carbon Neutral

Fortescue Aims for Zero Carbon Emissions by 2030

Australia’s Fortescue Metals Group said on Monday it will aim to become carbon neutral by 2030, 10 years ahead of its earlier target, and tie pay across the co…

Floating Solar Project

Hanwha Q Cells Secures 300 MW Order for 2.1 GW Floating Complex in South Korea

The Korean manufacturer was chosen as a preferred bidder for a portion of the Saemangeum solar complex. The company will likely supply its special panels for fl…

Carbon Neutral

U.S. Needs To Cut Emissions By 57% To Meet Paris Agreement Goals

The United States needs to reduce its emissions by at least 57 percent by 2030 below 2005 levels to fulfill its share of the cuts consistent with the Paris Agre…

Oil Refinery

Oil Refining Companies Discuss Carbon Neutrality

The Ministry of Trade, Industry and Energy, SK innovation, GS Caltex, S-Oil and Hyundai Oilbank discussed carbon neutrality strategies on March 11.

Power Construction

Wartsila, LUT University Carry out Study to Explore Carbon-Neutral Power System in India by 2050

The joint study is focused on investments in flexible generation technologies for India’s energy transition

Oil Field

Equinor Gets Go-Ahead to Drill North Sea Well Duo

Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using t…

Geothermal Power Plant

Permit Revoked for Geothermal Project Near Freiburg, Germany

The regional council of Freiburg has revoked the permit of Geysir Europe GmbH to explore for geothermal energy and brine in Neuried near the city of Freiburg in…

Nuclear Reactor

GE Hitachi and Estonia Energy Firm Expand Small Modular Reactor Project

GE Hitachi Nuclear Energy and Estonia-based Fermi Energia OÜ are teaming up to complete due diligence before installing a BWRX-300 small modular reactor in tha…

Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge

Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.

Electric Car

Spain Increases Electric Mobility Subsidies

The Spanish government has expanded the budget for its Moves II subsidy programme from 100 to 120 million euros.