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Indonesia secures $2bn renewable energy investment amid secrecy
Indonesia obtained a $2bn investment commitment in the renewable energy sector during a business gathering with European companies, according to the Foreign Affairs Ministry, which did not reveal the identity of the investor
Guyana reissues request for proposals for largest renewable project to date
Guyana has reissued a request for proposals for the Amaila Falls hydropower project, its largest renewable-energy project to date, and key to helping Guyana meet its surging electricity demand.
Indonesia launches its first green hydrogen plant
PLN Nusantara Power has announced the launch of Indonesia's inaugural green hydrogen plant - effective October 17, 2023.
Investment boost for Odisha: REC commits INR403bn ($4.8bn) to transform energy landscape
In a development poised to reshape Odisha's energy landscape, REC Limited has inked three groundbreaking Memorandums of Understanding amounting to INR403.58bn.
Mexico’s energy minister leaves the post with pending tasks
Rocio Nahle has decided to leave her post as head of Mexico’s ministry of energy to run for the governorship of the Veracruz state, leaving her top priority – improving Mexico's oil-refining capabilities – still to be completed.
Suez Canal Economic Zone signs green project agreements worth $14.75bn
Egypt’s Suez Canal Economic Zone (SCZone) signed multiple energy agreements worth $14.75bn according to a statement released by the Egyptian cabinet on Tuesday, opening new possibilities for sustainable energy in the region.
SOCAR methanol plant reduced production by 13%, exports down by 7% in January-September
SOCAR Methanol produced 350,100 tonnes of methanol in January-September 2023, which is 13% lower than the figure for 9 months of 2022, the State Statistics Committee said.
Third block at Slovak Mochovce NPP is fully operational
The block was first connected to the grid on January 31, and the final 144-hour trial run at full reactor power marks the end of the 13-month-long commissioning period.
Venture Global asks FERC for authorisation to commence part of Calcasieu LNG plant
US LNG producer Venture Global has requested authorisation from the Federal Energy Regulatory Commission to begin service of liquefaction blocks 7-9 at Calcasieu Pass LNG terminal in a filing made on October 10.
GLNG: Venture Global asks FERC for authorisation to commence part of Calcasieu LNG plant
QatarEnergy and Shell sign deals to supply LNG to Netherlands
State-owned QatarEnergy and IOC partner Shell this week signed two long-term sale and purchase agreements to supply up to 3.5mn tonnes per year of LNG from Qatar to the Netherlands.
Indonesia's Masela LNG project future uncertain as hybrid approach is considered
The Indonesian Energy and Mineral Resources Minister, Arifin Tasrif, has ignited speculation surrounding the future of the Masela liquefied natural gas project by suggesting a shift toward a hybrid offshore and onshore development system.
Turkey’s Botas denies debt owed to Gazprom stands at $27.5bn
Trade media report, meanwhile, reveals European Commission is probing deal on Bulgaria’s gas incumbent Bulgargaz accessing gas supplies via Turkey. Potential competition law breaches identified.
World may have crossed solar power 'tipping point', says study
The study, published in the journal Nature Communications, finds that solar photovoltaics (PV) is likely to become the dominant power source before 2050 – even without support from more ambitious climate policies.
EU won't raise 2030 emissions target to 57%, says report
Environment ministers in the EU have been busy working on the proposal they plan to take to COP 28 next month. And it appears they will not move to raise its 2030 emissions reduction target from 55% to 57% below 1990 levels.
Grids could be weak link in energy transition
Efforts to tackle climate change and ensure reliable supplies of electricity could be put at risk unless policy-makers and companies quickly take action to improve and expand the world’s electricity grids, according to a new report by the IEA.
ENERGO: Grids could be weak link in energy transition
Ørsted selects insurance giant for stake in wind farm off Taiwan
Ørsted has selected Cathay Life Insurance as the preferred bidder for a 50% stake in the 583-MW Greater Changhua 4 offshore wind project off Taiwan.The Danish developer has signed an exclusivity agreement with the insurance company.
China discovers potentially vast amounts of a rare earth
Potentially vast amounts of a rare earth ore containing niobium have been found in Inner Mongolia. The new type of ore has been dubbed niobobaotite.
What’s driving the US decision to lift sanctions on Venezuela’s oil sector?
The US decision to lift sanctions on Venezuela's oil sector may be driven by three emergent geopolitical factors.
German car maker BMW in joint venture to trial its iX5 hydrogen vehicles in South Africa
Two South African companies and a unit of German automaker BMW have signed an agreement through which they plan to bring hydrogen fuel cell electric vehicles and hydrogen refuelling technology to the African country.
Iran begins building 100-MW solar farm in Yazd
Iran has broken ground on a 100-MW solar farm in the central Yazd province with an investment of €60mn. The country seeks to overcome a lingering power shortage affecting its industries.
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