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Eve
Wind Power Company
McDermott Lands ‘Largest Ever’ Renewables Contract
McDermott has been handed its “largest ever” contract for renewables work, courtesy of German utilities firm TenneT.
Oil Price
China Petrol Shares Positive Start to Year of the Tiger
Chinese shares performed strongly on the first trading day of the Year of the Tiger, reversing the slumps before the Chinese New Year holiday.
Energy Storage Technology
India’s Greenko, Ayana Renewable Create 6,000MWh ‘Template’ to Contract Out Energy Storage Capacity
Independent power producers (IPPs) Greenko and Ayana Renewable Power will leverage large-scale energy storage to give industrial customers in India ‘round-the-…
CCS
DOE Selects Cormetech to Develop Carbon Capture Tech for Natural Gas Plants
American engineering company Cormetech has been selected by the US Department of Energy to further test and develop a new, lower-cost technology to capture CO2 …
Oil Price
Oil Falls on Profit-Taking, All Eyes on Russia, Ukraine
Oil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as global stock markets slumped, although losses were…
Wind Farm
European Energy Takes 50% Stake in Danish Offshore Wind Project
Copenhagen-based renewables developer European Energy A/S has acquired a 50% stake in an offshore wind project with a planned capacity of 160 MW, to be realised…
South Africa
CSP Project Achieves Financial Milestone on Its Way to Clean Energy Provision
The Redstone Concentrated Solar Power (CSP) Project, South Africa’s largest renewable energy investment to date, has achieved its first debt drawdown.
Offshore Wind Power
Orsted and Eversource Start Building New York’s ‘First’ Offshore Wind Project
South Fork Wind, hailed as New York’s ‘first’ offshore wind energy project is now under construction.
Hydropower Sustainability Fund Applications Open to over 40 Countries
Hydropower project developers and operators from over 40 countries can apply for a sustainability fund backed by the Swiss government, along with the Internatio…
LNG
Asian LNG Prices Stable but Rises Expected on Colder Weather
Asian spot liquefied natural gas (LNG) stabilised this week but is expected to rise over the coming weeks as below-normal temperatures across much of north-east…
2022 Will Be A Critical Year for Wind Power
Both GE and Siemens lost out on revenue from wind power last year, so what’s happening in the world of wind and can we expect better results this year?
Hydropower Plant
Swiss Sustainability Fund Guides Hydropower Developers Towards Sustainability
The sustainability fund is patronized by the Swiss government. Apart from the sovereign’s backing, the fund has the support of a few other eminent institutes…
Oil Price
Asia Stocks Skid on Ukraine Fears, Oil at 7-year Peak
Asian shares sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro.
South Africa
President Ramaphosa Calls for Expansion of South Africa’s Upstream Oil and Gas Industry
The President of South Africa, H.E. Cyril Ramaphosa, announced that the government would continue to support the development of the southern African country’s …
Distributed energy
Insurance Guarantee Instruments for African Energy Sector
The Norwegian Agency for Development Cooperation (NORAD) will provide grant funding to the African Trade Insurance Agency (ATI) of $56million over the next five…
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