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Green transition is $10.3 trillion opportunity for the global economy by 2050, new report finds
New green industries could be worth $10.3 trillion to the global economy by 2050, equivalent to 5.2% of global GDP that year, finds a new report by Arup and Oxford Economics.
American Hyperion Solar signs 1.65-GW deal with leading US utility
American Hyperion Solar has signed a long-term supply contract for 1.65 GW of modules with a leading but unnamed US utility developer. It is a milestone for the rapid expansion of the Hyperion brand, owned by Chinese firm Runergy, in the US market.
REM: American Hyperion Solar signs 1.65-GW deal with leading US utility
American Hyperion Solar has signed a long-term supply contract for 1.65 GW of modules with a leading but unnamed US utility developer. It is a milestone for the rapid expansion of the Hyperion brand, owned by Chinese firm Runergy, in the US market.
Massachusetts sets new low in power contract for first phase of 1.2-GW offshore wind project
Massachusetts state regulators have approved a cut of almost 10% for the power purchase agreements for the Mayflower Wind project.
Equinor and RWE to co-operate on energy security and decarbonisation
Equinor and RWE have agreed to work together to develop large-scale value chains for low carbon hydrogen. Under the partnership, offshore wind farms will eventually fuel green hydrogen.
Russia generates over 1 MWh in 2022
Thailand’s PTT looks to Indian solar
Sinopec wins Zarqa refinery expansion work
Iraq prepares for refining renaissance
Guyana’s EPA says no environmental study needed for GTE project’s TPP
Guyana's Environmental Protection Agency will not require an environmental impact assessment for the construction of a 300-MW power plant for its gas-to-energy (GTE) project.
QatarEnergy and CPChem to build Ras Laffan plant
RdK says negotiations on Isla refinery deal have stalled over questions about documentation
Curacao’s Refineria di Korsou (RdK) says negotiations on a deal for the Isla oil-processing plant have stalled due to questions about the documentation submitted by prospective investors.
Venezuelan oil exports down in 2022
Venezuela saw crude oil exports decline in 2022 despite receiving assistance from its ally Iran, according to shipping data and documents cited by Reuters.
Japanese giants look to Indian renewables startups in 2023
World Bank cuts Iran 2023 GDP forecast to 2.2%, Russian oil competition said partly to blame
Turkey’s YEO Teknoloji hired by Kaltun for 44MW wind park project in North Macedonia
France advances plan to speed up renewable energy
A majority of French MPs have backed a bill that would accelerate the construction of new renewables plants. The bill is now a step closer to becoming law.
China sets round-the-clock solar energy record
China’s 100-MW Wulate trough concentrated solar power (CSP) project has set a new record for non-stop solar power generation by running continuously for 12 days,
Electric cars gaining popularity in Ukraine with 150% increase in 2022
Ukrainians are turning to electric cars, with a 150% increase in purchases in 2022, Ukraine Business News reported on January 11.
India mulls compliance with Western price cap on Russian oil
APA details work with Suriname, Guyana to prepare for oil spill response operations
US-based APA Corp. said in its newly released 2022 Sustainability Report that it was taking steps to help Suriname prepare to reduce the risk of oil spills once the country’s offshore fields begin production.
Guyana’s oil fund ends 2022 with balance of $1.38bn
The Bank of Guyana has revealed that the country’s Natural Resource Fund ended 2022 with a balance equivalent to about $1.38bn.
Petroecuador launches airlift campaign to supply Block 16 in the face of protests, roadblocks
Petroecuador has launched an airlift campaign to ensure steady deliveries of essential supplies to Block 16 in the face of roadblocks by an indigenous community.
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