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.
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-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 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.
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 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 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 is pushing onwards with its efforts to bring down prices paid for power.
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
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 past decade hasn’t done much to inspire optimism about the future of the planet.
Total and South African gas facilities developer Gigajoule have signed a joint development agreement (JDA) on the import of LNG into Maputo.
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.
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.
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.
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.
Royal Dutch Shell plans to become the world’s biggest power company despite electricity’s historically narrow margins.
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.
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.
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.
Funding has been secured to push ahead with two major energy projects in Fife and at Grangemouth.
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.
For almost two decades, Einar Aas was the most successful trader on one of Europe’s largest power markets. He was also a phantom.
Bright and breezy days are becoming a deeper nightmare for utilities struggling to earn a return on traditional power plants.
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.