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Renewables firms reel from financial challenges
Top renewable energy firms are reeling from financial headwinds because of rising costs and inflation, supply chain snarls and overwhelmed solar demand. The tumult is greater than that seen in years.
Cyprus FSRU completes gas test, ready for November handover
The Cypriot FSRU Efyta Prometheas, which was an LNG tanker that has undergone conversion in Shanghai by China’s Cosco Shipping Heavy Industry, has completed its at-sea gas testing on the performance of the LNG cargo containment system.
New Republican US House speaker oversees proposed cut in Biden climate plan
Republicans in the US House have passed a bill to cut billions of dollars in President Joe Biden’s 2022 climate law. It is the first bill passed under new Speaker of the House Mike Johnson, who questions fossil fuel’s role in climate change.
Elements Green unveils plans for 1-GW solar project in England
Renewables developer Elements Green is at an early stage in developing plans for a new solar and energy-storage park in Nottinghamshire, England that has the potential to meet the power needs of some 400,000 homes.
Food production in Brazil is 74% of emissions, Climate Observatory study shows
Brazil’s food production made up 74% of the country’s emissions in 2021, according to a new study by Climate Observatory. Most of these emissions come from deforestation for farms and pastures.
Slovenia’s Rudis inaugurates 9MW wind power plant in Serbia
HD Hyundai Electric joins $14bn offshore wind project off South Korea
HD Hyundai Electric has joined a consortium for the construction of an offshore wind power complex off South Korea’s southwestern coast.
Scotland plans 10-fold increase in installed solar panels
Scotland intends to increase solar installations by 2030 by as much as 6GW, with a minimum of 4 GW, Green Party-chair Lorna Slater said, citing assurances by the Scottish government.
Brazil’s São Martinho to produce biomethane at Santa Cruz
Sugar and alcohol company São Martinho has unveiled plans to construct a biomethane plant in conjunction with the Santa Cruz sugar cane factory, located in Americo Brasiliense in the state of Sao Paulo.
Chesapeake agrees to 15-year LNG supply deal with Vitol
US oil and gas company Chesapeake Energy revealed that it has signed a heads of agreement deal with Switzerland-based energy and commodity trader Vitol to supply it with LNG for 15 years, beginning in 2028.
Biden administration okays largest offshore wind project in the US
The administration of US President Joe Biden has approved the massive 2.6-GW Coastal Virginia Offshore Wind (CVOW) commercial project off Virginia. It is the fifth to have been approved at a commercial scale under Biden.
Iraq plans to boost gas production by 1bn cubic feet per day
Hayan Abdul Ghani, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil, announced on November 2 a plan to increase the country's gas production by 1bn standard cubic feet per day.
Aramco, ENOWA to develop synthetic e-fuel demonstration plant
NEOM has planned to oversee the construction of a synthetic e-fuel demonstration plant located in ENOWA’s Hydrogen Innovation and Development Center (HIDC) in NEOM's Advanced Manufacturing and Innovation City, Saudi Arabia.
Bangladesh signs long-term LNG supply deal with Excelerate Energy
Bangladesh’s state-owned Petrobangla has agreed to a long-term LNG supply deal with US company Excelerate Energy.
Iraq announces nearly $10bn in oil revenues in October
Iraqi Ministry of Oil announced on November 2, according to preliminary statistics issued by the Iraqi Oil Marketing Company, crude oil exports reached 109.5mn barrels of crude, with revenues amounting to $9.669bn up to the end of October.
BP to buy $100mn of Tesla ultra-fast chargers in US
BP has announced a deal in which its electric-vehicle (EV) charging business, BP Pulse, will buy ultra-fast charging hardware units from Tesla for $100mn. The investment will facilitate the expansion of the BP Pulse public network across the US.
Kazakhstan eyes increased oil exports to EU via Croatia
Kazakhstan is preparing for negotiations on expanding its supplies via the under-utilised Adria pipeline that runs through Croatia, as it looks to seize market share once held by Russia.
Indonesia sees dozens of uncommitted LNG cargoes in 2026
Indonesia is ramping up efforts to find purchasers for its LNG after an energy ministry official revealed that the country sees almost 70 uncommitted cargoes of LNG in 2026.
Installed solar, wind in China surge
During the first nine months of 2023, installed-solar-power capacity in China rose to around 520 GW, up an eye-popping 45.3% year on year. Installed wind power surged 15.1% year on year to around 400 GW.
Used cooking oil turned into sustainable aviation fuel by SATORP
Saudi Arabian Oil Co. has seen success in its attempts to convert used cooking oil into sustainable aviation fuel (SAF) through various joint ventures.
CWP and GE to launch €1bn Albanian renewables project
CWP Global and General Electric’s wind power arm, GE Vernova Onshore Wind, have agreed to develop a €1bn large-scale hybrid wind-and-solar project that has the potential to elevate Albania to the status of a net exporter of electricity.
Canadian Solar unveils 5-GW solar cell manufacturing plant in US
Canadian Solar will build a 5-GW solar photovoltaics cell production facility in Jeffersonville, Indiana. Once production is fully ramped up, the $800mn facility will create around 1,200 jobs.
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