Port

Wave Energy

CorPower Ocean Secures Funding for Breakthrough Wave Energy Tech

CorPower Ocean, a specialist in wave energy technology, has secured funding for its new generation of high-efficiency WECs.

Sweden

Sweden Becomes Second Largest net Power Exporter for the First Time

Sweden overtook Germany to become the second biggest net exporter of power in Europe in the first half of 2020 – the first time this has happened.

Coal-Fired Power Plants

GE to Support Digitisation of Dominican Republic's Largest Coal Plant

GE is providing the Corporación Dominicana de Empresas Eléctricas Estatales with a combined software and services package at the coal-fired Central Termoeléc…

Market Analysis

UK Energy Supplier Publishes Report on Power Systems in 2050

UK power distributor National Grid ESO has released a report forecasting changes to the UK energy sector before 2050.

Floating Offshore Wind

Floating Wind Farm WindFloat Atlantic Begins Operations

Repsol has announced that the WindFloat Atlantic floating wind farm off the shores of Portugal has started supplying renewable energy to the country’s electric…

Oil & Gas Trade

Jet Fuel Crisis Will Hurt Oil Demand For Years To Come

A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The Natio…

Offshore Wind Power

Full Power at First Floating Wind Energy Project in Continental Europe

MHI Vestas Offshore Wind confirms that the final of three V164 8.4 MW wind turbines is now generating power to the Portuguese grid.

Microgrid

Distributed Fossil Fuels Dominate in Microgrids Installed in the US

Distributed fossil fuel generation accounted for 86% of installed microgrid capacity in the US in 2019, according to a new report issued by Wood Mackenzie.

Thermal Coal

Storms Disrupt NSW Coal Ports

Storms along the New South Wales coast in east Australia have disrupted coal shipments from the port of Newcastle and Port Kembla at Wollongong, leading to long…

Solar Power Plant

Double Tax on Solar Imports Could Collapse ‘Large Numbers’ of Indian Projects: Fitch

The threat of a double taxation of solar in India via both safeguard and basic custom duties could squeeze developers and result in large numbers of project can…

Wind Farm

Repsol to Purchase 1.6GW of Renewable Assets in Chile

Repsol has agreed to form a joint venture (JV) with Grupo Ibereólica Renovables to manage a portfolio of renewable energy projects in Chile.

Energy Investment

Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete

Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.

Oil & Gas Trade

Indonesia’s August Gasoline Imports Likely to Stay Low

Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.

Electric Car

Volvo Chief Stresses Importance of State-Backed Charging Infrastructure for Electric Vehicles

The chief executive of Volvo Cars described plug-in hybrids as a “very popular concept” on Tuesday, but emphasized the need for government support when it com…

Aker 2Q13 Earnings Impacted by Order Delays and Cancelations

Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012