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Wind Turbine
Wind Power May Overtake Solar in Asia in the Next Decade
Wind power is expected to see “greater” growth in generation that could exceed solar power in the next decade, Fitch Solutions reported.
EU
EU Will Need Five Years to Ditch Russian Energy
Europe plans to phase out its dependency on Russian oil, gas and coal by 2027.
Crude Oil
What the Bans on Russian Fossil Fuels Actually Mean
Prices are up—but so is the pressure to switch to electric everything.
Oil & Gas Supply
European Oil and Gas Majors’ Exposure to Russia Is Limited
European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings …
Electric Car
Gas Prices Are Spiking — Don’t Expect Sales of Electric Vehicles to Follow
Consumers hoping to switch to an all-electric or more fuel-efficient vehicle, while Russia’s invasion of Ukraine pushes gas prices to record highs, will largel…
Crude Oil
EU Leaders Tackle Escape Route From Russian Fossil Fuels
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to ditch their key supplier.
Hydrogen Project
Asia Is Amongst ‘Most Attractive’ Region for Green Hydrogen Development
Asia, along with Europe, is amongst the most attractive region in terms of developing green hydrogen, Fitch Solutions reported.
Nuclear Power Plant
‘Strong’ Nuclear Growth in Japan Seen in Next Two Year
A “strong growth” is expected in Japan’s nuclear power over 2022 and 2023 as nuclear power plants that have been suspended resume operations, Fitch Solutions…
Crude Oil
Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources
Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…
India
Indian Non-Hydropower RE Manufacturers Should Gear up for Increase Domestic Demand
Non-hydropower renewables manufacturers in India, particularly solar, should prepare for an increase in domestic demand due the government’s green hydrogen pol…
Geothermal Power Plant
Well-Constructed Solution: Geothermal to Power Bitcoin Mining
The mining of cryptocurrency, or bitcoin, is an energy-intensive process, and entrepreneurs are looking at several technologies—including innovative geothermal…
Solar Power Plant
Philippines’ First Hybrid Solar-Plus-Storage Plant Comes Online Through Ayala Group Energy Subsidiary
The first ever solar-plus-storage hybrid resources system in the Philippines is now in operation after energy company AC Energy (ACEN) switched on the site’s b…
Saudi Arabia
Aramco Shares Switch May Boost Saudi Renewables
Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…
Wind Turbine
Canadian Firm Secures $2.4m for Wind Pitch Motor Technology
Canadian firm Enedym has secured CAD$2.4 million (£1.4m) from Sustainable Development Technology Canada (SDTC) to commercialise and advance its Ventium wind pi…
Carbon Neutral
Can Renewables Help Bitcoin Become Carbon-Neutral?
With the bitcoin community continuing to expand, many still wonder how this energy-intensive industry could be sustainable.
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