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Electric Car
Israel Expects Half Of New Cars Sold In 2030 To Be EVs
Israel is preparing for a massive roll-out of electric vehicles on its roads over the next decade and is instructing its cities to build hundreds of charging po…
Energy Technology
World's First Carbon-Negative Hydrogen Project gets Green Light
A final investment decision has been taken to move forward with the world’s first carbon-negative hydrogen commercial pilot project
Pumped Storage
Genex, J-Power Ink Equity Funding Deal for 250-MW K2 Hydro Storage Project
Japan’s Electric Power Development Co Ltd, known as J-Power, has committed to invest up to AUD 25 million in Genex Power Ltd’s 250-MW K2 pumped storage hydro …
Wind Power Project
Spain's Lantania Starts Development of 250 MW of Wind Projects in Galicia
Spanish infrastructure group Grupo Lantania announced last week it has begun works to develop a wind portfolio with a total capacity of 250 MW in the autonomous…
Market Analysis
251GW New Chinese Wind Expected this Decade
China is expected to add 251GW of new wind capacity between 2020 and 2029 but additions will take a 16% hit from next year due to the end of subsidies.
Oil&Gas Drilling
U.S. Offshore Rig Count at 12 for Four Weeks Straight
The U.S. offshore rig count has remained flat for another week, making this the fourth week straight with 12 active units.
United States
Chevron Posts Massive $8.3 Billion Loss
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Wind Farm
Sembcorp Unit Completes 800MW Wind Farms in India
This brings the company’s renewable capacity in India to 1.73GW.
Electricity Transmission
Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035
Brazilian state-owned power company Eletrobras plans to invest 6 billion reais per year until 2035 expanding its power generation and transmission.
Solar Power Plant
Iberdrola to Build Landmark On-Site Solar PV System
Iberdrola has signed a 25-year power purchase agreement with SABIC for the development of a 100 MW renewable energy project in Spain.
Market Analysis
German Solar Installation Hits Record Rate in First Half of 2020
The volume of photovoltaic power put into operation over the first half of 2020 jumped by about 20% compared to last year.
Wind Power Project
RWE to Acquire 2.7GW Renewable Project Pipeline from Nordex
The Nordex Group has selected German electric utility company RWE Renewables as a buyer for its European onshore wind and solar projects.
Nigeria
Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can…
China
China to Add 251GW of New Wind Capacity by 2029
China is expected to add 251 gigawatts (GW) of new wind capacity between 2020 and 2029, says Wood Mackenzie. The country’s wind power market could reach a cumu…
Hydropower Plant
Enel Enters into 164MW PPA in Guatemala
Enel Green Power has signed a power purchase agreement with Guatemalan energy distributor Comercializadora de Energia para el Desarrollo.
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