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Eskom to close up to 12,000 MW of coal capacity
South Africa's state-owned Eskom said that it plans to reduce its output of coal-fired power by 8,000 to 12,000 MW through plant closures over the next decade, a cut that amounts to up to 30% of its current capacity.
India reportedly frees up SPR space
India is reportedly selling down some of its strategic petroleum reserves (SPR) ahead of the planned commercialisation of the storage facilities.
Peru prioritises ESG issues
Ivan Merino, Peru's new energy minister, has indicated that President Pedro Castillo will link permits and approvals to resource developers’ willingness to invest in social projects that help host communities.
Peruvian energy minister comments on government’s plans for PetroPerú
Peru’s new government, headed by President Pedro Castillo, has continued to reveal more information about its plans for raising the profile of the national oil company (NOC) PetroPerú.
CNOOC Ltd’s first-half profit soars
China’s state-run offshore specialist CNOOC Ltd has seen its first-half profit more than tripled from the year earlier period on the back of this year’s oil price rally.
AfDB reaches $20mn closures for Off-Grid Recovery Platform
The African Development Bank (AfDB) has reached financial close for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) in the Covid-19 Off-Grid Recovery Platform (CRP).
China outlines hydrogen boom in Inner Mongolia
China aims to use solar and wind to produce 66,900 tonnes per year in of green hydrogen in the cities of Ordos and Baotou in Inner Mongolia.
Destini wins Malaysian service contract from Repsol
Malaysian service provider Destini has won a contract to provide tubular handling and conductor installation equipment and services from Repsol Oil and Gas Malaysia.
NGO report argues against clean coal in South Africa
South Africa’s proposed 1,500 MW of new coal capacity will cause significant air pollution and greenhouse gas emissions, even if the cleanest technology currently available is used.
McDermott wins second EPC contract for Philippine LNG project
US-based McDermott International has won an engineering, procurement and construction (EPC) contract for work on one several Philippine liquefied natural gas (LNG) import facilities currently under development.
Eskom’s de Ruyter lays out Eskom’s green needs
South African cannot ignore its carbon footprint, and state-owned Eskom must pivot to green energy, Eskom CEO André de Ruyter said this week.
EBRD makes $50mn green loan to Egypt’s QNB ALAHLI
The European Bank for Reconstruction and Development (EBRD) is boosting small businesses and green investments in Egypt with a $50mn loan to QNB ALAHLI, one of Egypt’s largest commercial banks.
Central Asia assess fate of Afghanistan investments as Taliban regime takes shape
The future of plans for a gas pipeline, trade links to South Asian ports, power transmission lines and railways will remain up in the air until the direction of the new Afghan regime is clear.
Singapore to issues $3bn green bond to fund sustainable projects
Singapore’s National Environment Agency (NEA) is to issue a multicurrency medium-term note (MTN) programme and green bond framework in order to raise $3bn to fund renewables projects
Engie turns on India’s 280-MW Raghanesda Solar Power Park
Engie has commissioned the 280-MWp Raghanesda Solar Power Park in the state of Gujarat in India.
Maersk Drilling wins UK North Sea contract from Harbour
Maersk Drilling announced this week that it had been awarded a contract by the UK’s Harbour Energy for the Mærsk Innovator jack-up rig.
Asian corporate PPAs double in 2020
Corporate renewable PPA volumes in Asia-Pacific more than doubled to 3.8 GW in 2020, Wood Mackenzie said
Sri Lanka makes commitment to abandon coal and go green
Sri Lanka is to stop building coal-fired power plants and aims to double renewables’ share of the power mix by 2030, the government said in its latest climate plan.
Origin, MOL to develop green ammonia as shipping attempts to decarbonise
Australia’s Origin Energy and Japanese shipping company, Mitsui O.S.K. Lines Ltd. (MOL) are to develop green ammonia exports by developing a supply chain for the renewable in Australia.
AfrElec: TAQA Arabia, MAN Energy to pioneer green hydrogen in Egypt
Germany’s MAN Energy Solutions and Egypt’s TAQA Power, TAQA Arabia’s power subsidiary, are to produce green hydrogen in Egypt
UK unveils hydrogen strategy, but holds back on details
The UK government unveiled its hydrogen strategy this week following recent delays. The strategy commits the country to developing 5 GW of low-carbon hydrogen capacity by 2030.
Australian LNG exports to China hit record high
Australian LNG exports to China have risen to record highs despite ongoing trade tensions between the two countries.
Construction cost for US onshore wind generation fell 27% from 2013-2019 - EIA
The average US construction cost for onshore wind generators fell 27% from $1,895 per kilowatt (kW) in 2013 to $1,391/kW in 2019, according to the Energy Information Administration’s latest construction cost data.
ConocoPhillips reportedly seeks buyer for Williston assets
US-based ConocoPhillips has reportedly put its oil assets in the Williston Basin up for sale.
Vineyard Wind selects Jan De Nul Group and JDR for inter-array cables
Vineyard Wind selects the Jan De Nul Group of Luxembourg and its subcontractor JDR Cable Systems --part of the TFKable Group of Poland—to supply and install the roughly 130 miles of inter-array cables for Vineyard 1 project off Massachusetts.
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