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South Africa's MTN records 15% revenue growth to $2.7bn in Q1, power cuts at home squeeze margins
Romania to see 32% jump in electricity generation by 2030, mostly renewables
Romania's total installed power capacity is set to jump by roughly 32% in 2030 compared to 2020, mainly due to installing new wind and solar energy capacities amounting to 2.302 GW and 3.692 GW respectively, said a report by McKinsey.
Iran arrests leaders of strike at South Pars gas and refinery complex, claims they have foreign backing
FSUOGM: Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
First ever nuclear fusion PPA signed
A nuclear fusion energy company, Helion Energy, has signed a power purchase agreement with high-tech giant Microsoft to supply electricity generated from its first fusion power plant.
Lithium producers Allkem, Livent to merge
Lithium producers Allkem and Livent have agreed to an all-stock merger with a value of $10.6bn. Allkem, a miner, is based in Brisbane, Australia. Livent, a lithium technology company, is based in Philadelphia in the US.
$2bn transmission line proposed to carry renewables from Quebec to New England
National Grid and partners are proposing to build a 340-km $2bn power line to carry hydro power from Quebec, Canada to New England in the north-eastern US.
Colombia to hold first offshore wind auction in 2023
Colombia will hold its inaugural offshore wind auction later in 2023, the first ever in Latin America.
EU to tighten Russian oil sanctions, target “shadow fleet” ships
The closing of the sanction loopholes to which the 11th sanctions package of the European Union will largely be dedicated will also include measures to prevent Russian oil flowing.
Korean SMR use to help develop hydrogen programme
South Korea is looking into the possible deployment of a small modular reactor in the nation’s Gyeongsang Province bordering the Sea of Japan. The site will be the host of Korea’s long-awaited Uljin Nuclear Hydrogen National Industrial Complex.
Japan identifies five “promising” sites for offshore wind projects
The Japanese government has selected five zones off the northern island of Hokkaido as "promising” for the development of developing offshore wind projects, marking the second in three stages of choosing sites.
Threat of invasion comes second to Taiwanese wind ambitions
Taiwan daily faces the threat of invasion from China and ever stronger rhetoric coming from Beijing across the Strait, yet few of the 23mn islanders seem to be paying much attention. This is slowly changing in Taiwan's booming offshore wind sector.
China plans to take hydrogen use to the masses
China is planning a major investment to boost its ever increasing fleet of hydrogen-powered vehicles as it looks to help promote use of the fuel in the general population.
Huge coal deposit find in north-east India announced
As it continues to be put under pressure to move away from all things coal, India has announced the discovery of what has been termed a huge reserve in the extreme north of the country.
China’s CATL looks at Thailand battery plant options
The government of Thailand has started discussions with Contemporary Amperex Technology Co. Ltd (CATL) alongside a number of other battery manufacturers on the subject of siting future battery production lines in the Southeast Asian nation.
Fortum takes €3.5bn impairment hit in Russia
Finnish renewable major Fortum booked a €1.7bn impairment charge and deconsolidation-related translation differences of €1.9bn in the second quarter, Tass reported citing the reports of the company.
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