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Energy Security

North Macedonia to Extend State of Energy Crisis for Six Months

The Government of North Macedonia has proposed to the national assembly to prolong the state of energy crisis for six months, until June 9, 2022.

Solar Company

Canadian Solar Raises €30m War Chest

Fundraising will support build out of company’s 4.6GW solar portfolio and 2GWh battery portfolio

Wind Power Project

Nordex Scores 50MW Scottish Order

Nordex has been awarded a 50MW turbine order for a Scottish wind project being developed by Octopus Renewables Infrastructure Trust.

Energy Storage System

Chile’s Colbun Couples Storage with PV for Reliability and Decarbonisation

In Chile, energy generator Colbun has announced an $11 million investment to build an 8MW/32MWh energy storage system next to a new 230MWp solar PV facility in …

Solar Power Plant

Nissan Gets Green Light for 20MW Solar Extension

Nissan have been given the green light for a 20MW expansion of its solar farm at its Sunderland plant.

Nuclear Fusion

Equinor Ventures Increases Investment in Fusion

Equinor Ventures, the venture capital arm of Equinor, is increasing its investment in Commonwealth Fusion Systems as part of the Series B funding round to raise…

Energy Security

Power Supply Crunch in 2022 Looms in the Philippines

Demand is rising, yet no new power supply is coming to the market.

Crude Oil

Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties

The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned

Crude Oil

Acelen to Boost Runs at Newly Acquired Brazil Refinery

Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the count…

Crude Oil

Production Starts at Angola’s Clov 2 Oil Project

Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count…

Natural Gas

Australian LNG Exports Hit Record High in October

The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.

Natural Gas

Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia

Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.

Hydrogen Project

Hyundai Motor Tops World Hydrogen Car Market

Hyundai Motor Co. has maintained its No. 1 position in the global hydrogen electric vehicle market this year.

Iberdrola to Increase Energy Prices from January 1

Iberdrola Ireland said it will increase its gas and electriciy prices from January 1, becoming the latest energy supplier to announce price hikes.

China

China's High-Quality Development Offers Multiple Opportunities: Italian Experts

China is already the world's top market in terms of purchasing power parity and is an 'essential' player for Italian companies