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Can Underwater Turbines Solve Our Energy Problems?

Can Underwater Turbines Solve Our Energy Problems?

Nuclear Power Plant

France Remains the Top Country for Nuclear Power

A series of measures have been announced aimed at making the economy more environmentally friendly such as a ban on outdoor heaters at bars and restaurants.

Electric Car

Israel Expects Half Of New Cars Sold In 2030 To Be EVs

Israel is preparing for a massive roll-out of electric vehicles on its roads over the next decade and is instructing its cities to build hundreds of charging po…

Pumped Storage

Genex, J-Power Ink Equity Funding Deal for 250-MW K2 Hydro Storage Project

Japan’s Electric Power Development Co Ltd, known as J-Power, has committed to invest up to AUD 25 million in Genex Power Ltd’s 250-MW K2 pumped storage hydro …

Wind Power Project

Spain's Lantania Starts Development of 250 MW of Wind Projects in Galicia

Spanish infrastructure group Grupo Lantania announced last week it has begun works to develop a wind portfolio with a total capacity of 250 MW in the autonomous…

Germany

Germany Backs Orsted Green Hydrogen Team

Federal government funding approved for the Westkuste 100 project which aims to develop a 700MW electrolyser.

Oil&Gas Drilling

U.S. Offshore Rig Count at 12 for Four Weeks Straight

The U.S. offshore rig count has remained flat for another week, making this the fourth week straight with 12 active units.

United States

Chevron Posts Massive $8.3 Billion Loss

U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.

Wind Farm

Sembcorp Unit Completes 800MW Wind Farms in India

This brings the company’s renewable capacity in India to 1.73GW.

Electricity Transmission

Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035

Brazilian state-owned power company Eletrobras plans to invest 6 billion reais per year until 2035 expanding its power generation and transmission.

Market Analysis

Poland to Cease Coal Dependency by 2060

Polish Deputy Prime Minister Jacek Sasin has announced that the country will cease to rely on coal energy by 2060 at the latest.

Nigeria

Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can…

China

China to Add 251GW of New Wind Capacity by 2029

China is expected to add 251 gigawatts (GW) of new wind capacity between 2020 and 2029, says Wood Mackenzie. The country’s wind power market could reach a cumu…

Solar Power Plant

EDF Makes 200MW Solar Power Play in Nevada

EDF Renewables North America has signed a 22-year power purchase agreement with NV Energy for the supply of electricity from the future Chuckwalla solar farm in…

Oil Price

ExxonMobil Posts First Consecutive Quarterly Losses Since the Mid-80s

Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.