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Crude Oil

OPEC Is Betting Big On Robust Oil Demand Recovery

Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem…

Energy Storage Battery

New Batteries give Jolt to Renewables, Energy Storage

The cost of harvesting solar energy has dropped so much in recent years that it's giving traditional energy sources a run for their money.

Carbon Emissions

Saudi and Middle East Green Initiatives to Focus on Decarbonisation

The World Energy Council welcomes the recently announced Saudi and Middle East Green Initiatives as a valuable contribution to tackling the worldwide energy tra…

Hydrogen Project

Germany's GICON Inks Green Energy MoU with Vietnam Petroleum Institute

Germany-based energy-sector engineering group GICON and the Vietnam Petroleum Institute have recently signed a memorandum of understanding to establish a collab…

HVDC

Successful Completion of the First Ever Submarine Interconnection Between the Island of Crete and Mainland Greece

Record water depth installation for the innovative non-metallic armour cable / The trustful relationship with IPTO and the Group’s consolidated project executi…

Wind Turbine

Nordex Supplies 11 N155 / 4.X Wind Turbines for 50 MW of Wind Energy in Spain

In March, the Nordex Group received another order from Spain consisting of eleven N155 / 4.X wind turbines.

Transformer

First Philec to Produce ‘Green’ Transformers

First Philec Inc., The Philippines’ largest transformer manufacturer, has announced the launch of green transformers made from 100 percent recyclable and biode…

Energy Investment

Greece’s Recovery Plan to Invest €10bn in Clean Energy

The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sec…

Energy Subsidies

NextEnergy Claims New Record for UK’s Largest Solar Farm as 115MWp Subsidy-Free Portfolio Completes

NextEnergy Capital has energised two subsidy-free solar farms, one of which - a 75MWp asset developed in Wales - is claimed to be the largest constructed PV pla…

Geothermal Power Plant

KENYA: AU and Wellington Agree to Develop Geothermal Energy

A framework agreement was recently signed between the Kenyan government, the African Union Commission and New Zealand.

Energy Subsidies

FBiH Government Abandons Plan to Extend Subsidies for SHPPs for another 33 years

The idea was to approve it after the expiration of a period of 12 years during which they receive subsidies in the form of feed-in tariffs.

Cooperation case

Australian Resource, Energy Exports Set to Hit Record High

The value of Australia's resources and energy exports are expected to hit a record high in financial year 2020/21, government data showed.

Wind Farm

Vestas Signs Contract for Wind Park in Spain

Vestas has received a 50 MW order of V150-4.2 MW turbines for a wind park in Spain.

China

Sinochem, ChemChina Merger Finally Wins Approval

Chinese state-owned firms Sinochem and ChemChina have finally received merger approval from the SASAC, kicking off a long-awaited consolidation of the two compa…

Market Analysis

EIA and FERC Reports Confirm: In 2020, Nuclear Power was Trounced by Renewable Energy, Which Provided

Several reports recently released by the U.S. Energy Information Administration and Federal Energy Regulatory Commission confirm that the mix of renewable energ…