Big oil eyes South Korean offshore wind
News that South Korea aims to build the world’s largest offshore wind farm by 2030 follows moves by major exploration and production companies to establish a foothold in the nascent market.
power
Floating offshore wind could be massive in Asia
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
Coal use set to surge in India despite renewables boom
Coal-fired power generation is projected to surge in India as the expanding wave of renewable energy capacity cannot keep up with electrification growth in the South Asian country, home to the world’s second biggest population.
Australia, Japan and Vietnam lead renewable energy shift in Asia Pacific
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
China to support Myanmar renewables growth after coup
Myanmar’s transition towards renewable energy sources will face near-term headwinds after the recent military coup. However, analysts are more optimistic over the medium to longer term given the dominance of Chinese companies in the sector.
Australia’s $26bn renewable power opportunity
Australia could offer a $26 billion renewable power generation investment opportunity this decade if the government can implement an ambitious long-term Renewable Energy Target (RET) to reverse a slowdown in wind and solar spending.
Taleveras secures USA LPG term deal
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Ghana enters talks with IPPs
Ghana is pushing onwards with its efforts to bring down prices paid for power.
Power in a time of pandemic
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
Ghana seeks new power balance
Ghana has made considerable progress in distributing power to its citizens, but talks are under way in order to make this process more sustainable.
The 2010s wrecked the planet, but don’t despair yet
The past decade hasn’t done much to inspire optimism about the future of the planet.
Total signs on to Maputo LNG import plan
Total and South African gas facilities developer Gigajoule have signed a joint development agreement (JDA) on the import of LNG into Maputo.
Shell dives into Australian power market with $418m ERM bid
Royal Dutch Shell Plc has taken the plunge into Australia’s energy market with a $418 million deal to buy ERM Power Ltd., the nation’s second-largest electricity retailer to commercial and industrial customers, as it drives toward a goal to become the world’s top power producer by 2030.
Giant battery planned to balance the UK power grid
Statkraft AS joined with Statera Energy to build 1 gigawatt of storage in the U.K. with a backup generator fueled by natural gas, part of an effort to profit from the nation’s need to balance its power grid.
Shell could boost M&A to become world’s top power company
Royal Dutch Shell Plc could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power company by the 2030s, according to analysis by Sanford C Bernstein Ltd.
Brexit delays leave UK at risk of higher power prices
Some projects to develop new power cables between the U.K. and France are on hold because of uncertainties related to Brexit, throwing into question the delivery of infrastructure intended to reduce electricity costs in the U.K.
Shell striving to become world’s top power company
Royal Dutch Shell plans to become the world’s biggest power company despite electricity’s historically narrow margins.
We’ve got the power, let’s think how to store it
The year ended with exciting headlines about wind power having generated more than 100% of Scotland’s electricity requirements on 20 out of 30 days in November.
China switches on world’s biggest ultra-high voltage line
State Grid Corp. of China has started up the world’s longest and most-powerful ultra-high voltage power line from its far northwest to the heavily populated east.
UK power market faces disaster scenario worse than Brexit
Away from Britain’s struggles with the European Union over Brexit, there’s another conflict with the bloc that threatens the nation’s electricity supply.
Go ahead for £800m of new power projects in Fife and Grangemouth
Funding has been secured to push ahead with two major energy projects in Fife and at Grangemouth.
Islanders’ concern over planned new power line
Serious concern has been raised by islanders in Orkney over plans for a new power line, more than a third higher than the existing lines on the isles.
Phantom trader who blew hole in world’s oldest power market
For almost two decades, Einar Aas was the most successful trader on one of Europe’s largest power markets. He was also a phantom.
Power worth less than zero spreads as green energy floods grid
Bright and breezy days are becoming a deeper nightmare for utilities struggling to earn a return on traditional power plants.
Northern Scotland protection call over Rolls-Royce job cuts
Plans by Rolls-Royce to cut 4,600 jobs over the next few years have sparked calls to protect posts at the engineering firm’s bases in northern Scotland.