Turkey plans to quadruple its wind and solar power capacity by 2035
Alparslan Bayraktar, the Energy Minister of Turkey, said that $108 billion in public and private investments will be needed to quadruple Turkey's wind and solar power generation capacity to 120,000MW by 2035.Bayraktar, speaking at a conference…
Hindustan Zinc's chairman says the company aims to switch over to renewable energy within five to seven years.
Priya Agarwal, chairperson of Hindustan Zinc, said on Tuesday that the miner plans to switch to renewable energy in five to seven years to power its operations. "We have plenty of thermal power (captive). The plant won't shut down tomorrow.
IRENA report: Record growth in renewables fuels cost-competitiveness
A report released by the International Renewable Energy Agency on Tuesday showed that solar, wind, and other renewable sources were cheaper than fossil fuels. This shows the competitiveness of these sources. To reduce greenhouse gas emissions…
Best estimate of the new Swiss nuclear dawn is decades away
Energy experts and politicians warned that bringing new nuclear power plants online in Switzerland would take decades because of the many political and financial obstacles. This comes after the Swiss government announced its plans to lift an existing ban on new nuclear plants.
Orsted Energy shuts down last coal-fired power plant
Orsted, a Danish company, announced on Thursday that it will close its last coal-fired units this week. This marks a significant milestone in the transition of Orsted to fossil-free power generation. Since selling its oil business in 2017…
Greenpeace reports that China has reduced new coal power plant approvals by almost 80%.
A report by an environmental group shows that China, the largest coal-fired power station builder in the world, has cut the number permits for new plants almost 80% during the first half 2024. The report says time will tell if this is a turning point.
China General Nuclear signs agreement with Laos for renewable energy base
The state-run People's Daily, which is a daily newspaper published by the Chinese government, reported that the power company China General Nuclear had signed an agreement to expand a renewable energy base planned for the northern region of Laos.
Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…
COP 25: The Affordable Energy Transition
By Sverre Alvik, Energy transition program director, DNV GLIt is not too good to be true, it is the economic reality that lies ahead of us. The energy transition facing us in the coming decades is an affordable one. In fact, the future energy system is not only affordable…
U.S. Ingenuity Will Solve Climate Challenge: US DOE
The United States can tackle threats to the climate through technological advances as fossil fuels will remain a priority for the U.S. government and business, the assistant secretary for fossil energy said on Tuesday.The world should look to the United States' ability to reduce its emissions…
US LNG Exports to Europe Grow
U.S. exports of liquefied natural gas (LNG) have been growing steadily and reached a new peak of 4.7 billion cubic feet per day (Bcf/d) in May 2019, according to the latest data published by the U.S. Department of Energy’s Office of Fossil Energy.This year…
Tellurian Clears Hurdle for LNG Export
Texas-based natural gas company Tellurian has announced that the US Department of Energy (DOE) Office of Fossil Energy has issued the long-term authorisation for Driftwood LNG to export domestically produced LNG from its proposed export…
Venture Global Gets LNG Export Approval from US
Venture Global LNG said on Tuesday it had received approval to export liquefied natural gas (LNG) from its Louisiana facility to non-free trade agreement countries.The company said the U.S.
DOE Streamlines LNG Export Requirements
The U.S. Department of Energy (DOE) would now only require U.S. LNG exporters to report the country or countries of LNG deliveries, not country of end-use, to satisfy the DOE’s destination reporting requirement.Further, DOE announced additional…
DNV GL sees oil demand peaking in 2023
Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with cars fuelled by petrol and diesel, and after 2040 no new oil developments will likely be needed, quality assurance and risk management firm DNV GL said…
Norway Looks to Shift from Oil
Norway will study ways to make its economy greener and reduce dependence on oil and gas reserves that are likely to lose value amid efforts to slow climate change, Environment Minister Vidar Helgesen said on Thursday. A government commission of experts…
Rotterdam port mull power-to-gas-plant development
Six Rotterdam-based parties will investigate how sustainably generated electricity, converted into hydrogen, can be used in the production of fuels. TNO, Stedin, Smartport, Uniper, BP Refinery Rotterdam and Port of Rotterdam Authority will…
US DoE Unfairly Criticized: Kemp
The U.S. Department of Energy has become a lightning rod for criticism in parts of the Republican Party and the fossil fuels industry unhappy about the Obama administration's energy and climate policies. Presidential candidate Rick Perry…
Trump Win Boosts Coal, Hits Renewable Stocks
The prospect of an abrupt shift in U.S. climate policy under President-elect Donald Trump lifted the shares of U.S. mining equipment giant Caterpillar Inc, North American railroads and other companies tied to fossil fuels, and slammed shares of renewable energy firms.
IMF Chief: End Subsidies on Fossil Energy
The head of the International Monetary Fund on Friday urged countries to remove subsidies on fossil fuels and launch schemes that put a price on carbon dioxide (CO2) emissions to curb rising emissions blamed for global warming. "The issue of climate change…
