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Energy Investment

China's CEIC, China Reform set up $1.55 bln New Energy Fund

Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-…

Carbon Emissions

Biden Administration to Unveil more Climate Policies, Urges China to Toughen Emissions Target

A memo on Thursday showed Biden will unveil a second round of executive orders as soon as Jan. 27

Nuclear Power Plant

Rolls-Royce & UK Space Agency Launch Study into Nuclear Power for Space

Rolls-Royce has signed a contract with the UK Space Agency for a study into future nuclear power options for space exploration.

Solar Power Plant

Lightsource BP and RIC Energy Partner up on Spanish Solar Projects

Through the partnership, Lightsource bp, a company specialising in the development and management of solar energy projects, has acquired a 1.06 GW project portf…

Solar Power Plant

Solar Energy UK Welcomes Future Homes Standard’s 31% Carbon Reduction Target

The solar sector has welcomed the UK government’s 31% home carbon emissions reduction target as part of the long-awaited Future Homes Standard update.

Offshore Wind Power

Korean Shipbuilders Jumping into Offshore Wind Power Business

Korea's three major shipbuilders -- Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering -- are jump…

Oil Price

Price Dispute Shrinks Russia Oil Pipeline Exports

Exports of Russian Urals oil via the Druzhba pipeline have dropped this month as sellers opt for the sea route instead, following disagreements over pricing wit…

Solar Power Plant

World's Largest Single-Site Solar Power Plant in Abu Dhabi

An hour's drive southeast of Abu Dhabi is the world's largest single-site solar plant. Located at Sweihan in Abu Dhabi, Noor Abu Dhabi features 3.2 million sol…

Electric Vehicle Battery

President Biden's Green Plans Will Require Loads Of Batteries

President Joe Biden’s emphasis on the environment is a welcome change, but the shift to a more sustainable economy won’t happen overnight.

Nuclear Power Plant

Romania's Nuclearelectrica to Shut Down Cernavoda NPP Unit 1 for Remediation Works

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, said on Thursday that it will shut down one of the plant's two 700 MW …

Offshore Wind Power

South Korean Pair to Develop Offshore Wind Substation

Daewoo Shipbuilding & Marine Engineering and Korea Electric Power Corporation Engineering & Construction have signed a Memorandum of Understanding to develop an…

Electric Car

Geely Auto Group and Tencent to Cooperate on Intelligent Cockpits, Digitalization, Autonomous Drive, and Low-Carbon Development

Geely Auto Group and Tencent signed an agreement to carry out strategic cooperation in the fields of digitalization, intelligent cockpits, autonomous drive, and…

Azerbaijan

Azerbaijan, Turkmenistan Finally Reach Deal On Lucrative Caspian Sea Energy Field

Azerbaijan and Turkmenistan have reached a preliminary agreement on the joint exploration of a once-disputed section of an undersea hydrocarbons field in the Ca…

Electricity Transmission

New York Grid can Integrate 9GW of Offshore Wind

Integrating 9000MW of offshore wind generation by 2035 into the New York power grid should be achievable without major onshore bulk transmission upgrades.

Wind Farm

First MySE8.3-180 Wind Turbine Stands Offshore

MingYang Smart Energy’s MySE8.3-180 hybrid drive offshore wind turbine has made its debut at the Xinghua Bay II offshore wind farm, the Chinese turbine maker s…