World Bank open to support Mozambican gas to spur energy access
“My sense of Mozambique’s natural gas assets is that it can play an important role for the global transition,” she said.
World Bank
World Bank eyes huge offshore wind potential in Sri Lanka
Sri Lanka’s offshore wind resource far exceeds the South Asian nation’s energy demand, and its development could help the country’s economic recovery by displacing costly fuel imports, according to the World Bank.
Huge potential for offshore wind in Philippines, reports World Bank
The Philippines could get nearly one-fifth of its power from offshore wind by 2040 under a high-growth scenario that would deliver 21GW of capacity, according to the latest study from the World Bank. However, numerous challenges need to be overcome to realise this commercial potential.
Savannah launches Niger wind power plan, first of many
Savannah Energy has added another string to its bow with a deal to build a wind farm in Niger.
Winch Energy races against time to deliver solar power
To make real progress in bringing power to those without in sub-Saharan Africa, interested parties will have to provide much more cash.
New Fortress Energy signs Mauritania LNG plan
New Fortress Energy (NFE) has signed a preliminary deal with Mauritania to produce LNG from the offshore.
Sasol, Globeleq close financing on Temane power plan
Sasol and Globeleq have reached financial close on the gas-fired Central Termica de Temane (CTT) power project in Mozambique.
Bezos, Ikea and Rockefeller promise billions for climate
Global philanthropies dug into their pockets to make a big statement on the first full day of the United Nations climate conference.
Neptune endorses World Bank Zero Routine Flaring initiative
Neptune Energy has endorsed the World Bank’s Zero Routine Flaring by 2030 initiative, as further momentum grows behind emissions reduction efforts ahead of COP26.
Mammoet swings into action in Djibouti
Siemens Gamesa Renewable Energy (SGRE) has contracted Mammoet to offload and assemble wind turbines at Djibouti’s Goubet project.
Frontier offshore wind market in Philippines holds potential for UK firms
The nascent offshore wind market in the Philippines, which is Southeast Asia’s second most populous country, offers exciting opportunities for foreign investors, particularly experienced UK companies.
Harbour Energy commits to end all routine flaring by 2030
Harbour Energy has signed up to the World Bank’s ‘Zero Routine Flaring by 2030’ initiative.
Osinbajo calls for gas funding as part of transition
Stopping financing gas would derail developing countries’ plans for cleaner energy, Nigerian Vice President Yemi Osinbajo has said.
Shell signs MoU with Sonatrach
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
Trafigura buys into Bboxx amid LPG push
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
12 things the EU should do about gas flaring
The gas-flaring rate of the European Union’s imported gas is 33x higher than indigenous production. We commend the EU’s recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.
Switching to gas, Cenpower to save Ghana cash
Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Ghana extracts better terms from Cenit
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Eskom faces Kendal shutdown over emissions
Eskom has been instructed to halt work at a number of units at its Kendal power plant by the South African Department of Environment, Forestry and Fisheries (DEFF).
China stumps up loan for Rwandan hydropower
China has signed a concessional loan, via China Exim Bank, to support a hydropower plant in Rwanda.
Saudi Aramco joins World Bank’s zero flaring initiative
Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
Wind council to work with World Bank in ’emerging’ offshore markets
The Global Wind Energy Council (GWEC) has announced it will work with World Bank to help promote an intergovernmental forum on "emerging offshore wind markets".
World Bank invests ‘three times more’ in oil and gas than renewables, report finds
World Bank Group has ploughed triple the amount of investment into the oil and gas sector than renewable energy projects over the last five years, according to a new report.
World Bank will stop financing upstream oil and gas post-2019
That World Bank has announced today that it will cease any further financing of upstream oil and gas after 2019.