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Oil Price
OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices
The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret…
Floating Solar Project
Large Scale Floating PV to Sell Power at $0.0368/kWh in Indonesia
A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the …
Smart Grid
Emerging Market Countries will Deploy 148 million Smart Meters over the Next Five Years
A new report released by research firm Northeast Group states that emerging market countries will deploy 148 million smart electricity meters over the next five…
Wind Power Project
Pacific Green and SINOPEC Join Hands for Offshore Wind
Pacific Green Technologies has entered into a framework agreement with SINOPEC Star to work on a portfolio of projects that includes offshore wind, among others…
Offshore Wind Power
Statkraft and Aker Offshore Wind Explore Project Opportunities in Norway
European renewable energy producer Statkraft, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore commercial-scale offsh…
General Electric Upbeat on 2021 after Profitable 2020
In the fourth quarter, GE reported $2.4 billion in profits, more than four times the level in the year-ago period, reflecting the benefits of cost-cutting initi…
Energy Transition
Saudi Arabia Seeks European Partners to Develop Hydrogen
The world's largest oil exporter is looking to add 50% renewables to its energy mix
Croatia
Croatian Firm Končar Celebrates 100 Years
Croatian electrical, transport and energy company KONČAR has just turned 100 years old.
Electric Car
President Joe Biden Commits to Replacing Entire Federal Fleet with Electric Vehicles
The commitment, if it bears out, could give a boost to U.S. automakers, particularly those that have diverse portfolios that include passenger cars, commercial …
Oil & Gas Trade
IMF Sees Oil Prices Averaging $50 In 2021
Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019
Hydrogen Project
Imported Blue Hydrogen ‘Cheaper than Green’ in EU
Imported hydrogen will be cheaper than green hydrogen made in the EU in 2030, according to a new study by Aurora Energy Research.
Wave Energy
CorPower Ocean and OPS Composite Solutions Collaborate on Wave Energy Project
CorPower Ocean and OPS Composite Solutions are primed to deliver an ‘industry advancing’ wave energy project after securing close to €500 000 from EEA Grants…
Coal Trade
German Coal Imports Fell for 6 Consecutive Years
The demand for coal in the German steel industry has fallen sharply, coupled with the continuous development of renewable energy, it is expected that in 2021.…
Hydrogen Project
Yara, Engie Secure $2m Funding for Major Pilbara Green Hydrogen Project
Fertiliser manufacturer Yara and global energy company Engie have been boosted by $2m of Western Australia government funding to support their major green hydro…
Solar Power Plant
JinkoSolar Supplied 2.3GW Modules to Vietnam in 2020
According to the export data, JinkoSolar, one of the world’s largest and most innovative solar module manufacturers, supplied more than 2.3GW high-efficiency m…
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