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Austria

Austria’s OMV Targets Expansion of Low Carbon Business

Vienna-headquartered energy company OMV says that it will be focusing on geothermal energy as an essential part of its strategy.

Hydropower Plant

GE Renewable Wins Maintenance Contract for 11GW Hydropower Plant in Brazil

GE Renewable Energy’s hydropower business has signed a five-year contract with Norte Energia

Airbus Demonstrates Solar Power Beaming

Airbus has reported demonstrating solar power beaming, which would be used to deliver solar power from space.

United Kingdom

Britain Has Exported More Power to EU Than Ever Before

The country became a net exporter of electricity for three months of the year

France

French Grid Operator RTE to Return More Than 1 Bln Euros to Clients

France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this …

Natural Gas

Egypt’s Natural Gas Exports Value Increases 13-Fold in Eight Years

Country exported $8bn worth of natural and liquefied gas in the 2021-2022 fiscal year, compared with $600m in 2013-2014

Pakistan

Only 15% Of Pakistan’s Hydropower Pipeline Will Operate on Time: IEEFA

Around 51% of the pipeline reached financial close, and only 39% started construction.

Wind Turbine

Vestas Secures 104 MW Order With Polimix Energia in Brazil

Polimix Energia Ltda has signed an agreement with Vestas for the supply and installation of 23 V150-4.5 MW wind turbines for the Mundo Novo wind farm located in…

Carbon Neutral

Japan Starts Carbon Credit Trading Trial at Tse

Japan started trial trading of carbon credits on Thursday at the Tokyo Stock Exchange (TSE) as the world's fifth-largest carbon emitter aims to create a nationw…

Wave Energy

NREL Granted Patent for Marine Renewable Energy Technology

Scientists with the National Renewable Energy Laboratory have received a patent for a fledgling technology domain – distributed embedded energy converter techn…

Natural Gas

Germany Takes Over Uniper, Raising Rescue Bill to $29 Bln

Germany confirms nationalisation of gas importer Uniper.

Natural Gas

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter

From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas…

Natural Gas

Germany Could Nationalize Uniper as Early as Next Week

The German government, energy giant Uniper, and its majority shareholder, Fortum, have reached a preliminary agreement under which Germany will nationalize the …

Wind Turbine

Global Wind Turbine Order Intake Breaks Record in Q2

Strong activity in China pushed global wind turbine order intake to a new record of 43GW in quarter two of 2022 and up 36% from year-ago levels. This equates to…

Natural Gas

A Natural Gas Shortage Is Looming for the U.S.

While natural gas prices in the United States fell after a railway strike was averted last week, it looks likely that prices both at home and abroad will spike …