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Energy Investment

Losses May Force Japanese, S. Korean Utilities to Delay Green Investment

South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, for…

LNG

U.S., Britain Launch Energy Partnership to Boost Supplies

The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain …

Energy Transition

G7 Makes New $15 Billion Offer to Vietnam to Cut Coal Use -Sources

The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transit…

United States

U.S. Power Use to Hit Record in 2022 on Economic Growth, Hotter Weather -EIA

U.S. power consumption will rise to a record high in 2022 because of increasing economic activity and hotter summer weather, the U.S. Energy Information Adminis…

France

Engie CEO Says France Fell Behind in Wind Power Rollout

France fell behind in rolling out wind farms despite vast resources, the chief executive of Engie, one of the country's main power and gas suppliers, said on Tu…

Wind Farm

UK Government to Ease Ban on Onshore Wind Farms to Head Off Revolt

British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's l…

Offshore Wind Power

California Offshore Wind Sale Ends First Day With $400 Mln in High Bids

The United States' first sale of offshore wind development rights off the coast of California attracted more than $400 million in bids on Tuesday from companies…

CCS

Denmark Awards First CO2 Storage Permit

The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 …

Gas Turbine

GE Releases New Option to Cut Emissions on Its Mobile Gas Turbines

GE Gas Power announced on Dec. 6 that it has deployed an “innovative technical solution” on four TM2500 aeroderivative gas turbines at the California Departme…

Romania

MET Group Enters Romanian Renewables Market

Swiss-based European energy company, MET Group, has announced its entry into the Romanian renewables market, with the acquisition of a 100% stake in a solar pro…

Energy Investment

North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet

North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…

Offshore Wind Power

Orsted Eyes One of Europe’s Largest Green Hydrogen Plants to Tap North Sea Offshore Wind

Danish renewables giant partners with compatriot developer for power-to-x facility it says could grow to 3GW of electrolysis

Offshore Wind Power

First US Floating Offshore Wind Auction

The US will hold the nation’s first lease auction for commercial-scale floating wind power today.

EU

Germany Says Borrowing More Money to Compete With the U.S. Would Be a ‘Threat’ to Europe

European Commission President Ursula von der Leyen said Sunday “new and additional funding at the EU level” will be needed to make European companies more com…

Electric Car

Prices of EVs Could Rise by 10% In 2024

That’s the warning from carmakers, after EU rules on manufacturing are set to change in two years.