World Bank: Bosnia must invest $6.8 billion to combat climate change impacts
Bosnia and Herzegovina faces risks of flooding, wildfires, and severe air pollution. A World Bank report released on Wednesday said that the country needs to invest 6,8 billion dollars over the next 10 years to offset the effects of climate change.
Hydro stops funding and cuts stakes in Vianode, a battery materials manufacturer
Hydro, a Norwegian metals company, announced on Thursday that it would reduce its stake in Vianode, a graphite materials firm, and cease to provide funding for the group. It joins other Nordic companies who have…
Italy's Lombardy will award two hydroelectric plant contracts by 2025
The local administration announced on Wednesday that the northern Italian region of Lombardy would award concessions to two small hydroelectric plants within its territory before the end of the next year. According to the region…
Cambodia increases power import capacity in order to improve flexibility
Cambodia's energy minister said that the country plans to increase its capacity to import cleaner power from Laos and Vietnam, as well as Thailand, by more than 600 Megawatts. This is a 50% increase over current agreements.
Cambodia will increase its power import capacity to over 50% within the next two years
Keo Rottanak, the energy minister of Cambodia, said that it plans to import more than 600 megawatts (MW), or clean power, from Laos and Thailand. This will increase its contracted import capacity over 50%. In 2026…
China's rapid electricification is hurting oil producers, says Russell
O Ver-estimating China's desire for crude oil has played a role in the oil markets, particularly by OPEC. This theme is likely to continue into future years. China is the leader in the transition to electric cars, having already reached 50% of new sales.
Nepal and Bhutan seek Indian investments for hydropower projects
Officials from Nepal and Bhutan said Tuesday that they are looking for Indian investment to increase their hydroelectric production and export surplus electricity to New Delhi. India is seeking renewable energy to drive its economic growth.
Britain sets up funding model for renewable Energy Storage Projects
The UK will guarantee a minimum income for developers of renewable energy projects such as pumped-hydro to encourage investment in technologies which help Britain meet its climate goals. Britain aims to decarbonise the power sector by 2030.
Spot prices rise due to a projected drop in wind energy supply
The European spot power price continued to rise on Tuesday. Wind power is expected to continue to decrease in the region on Wednesday. LSEG data show that German baseload power for the day ahead rose by 39.8%…
India receives $386 billion to expand renewable energy by 2030
Pralhad Joshi, the minister for renewable energy, said that India has received 386 billion dollars in commitments from financial institutions and banks to expand its renewables capability by 2030. Joshi, during…
German spot prices rise on lower renewable supplies
On Thursday, the German prompt electricity price increased as wind and solar power generation was expected to decline. Emeric de Vigan, Kpler analyst, said that the market is in a typical September, where renewables are low.
China increases coal mining to provide winter power: Kemp
China's coal production has reached record levels, and its imports have also risen. However, the surge in power generated by solar farms and hydro dams has reduced thermal generation. The reliability of electricity is dependent on coal-fired power generation…
China increases coal mining to provide winter power: Kemp
China's coal production has reached record levels, and its imports have also risen. However, the surge in power generated by solar farms and hydro dams has reduced thermal generation. The reliability of electricity is dependent on coal-fired power generation…
New Zealand passes law to reverse oil and gas exploration ban
New Zealand announced on Monday that it will pass laws before the end of the year to reverse an offshore oil and natural gas exploration ban and to take urgent steps to eliminate regulatory hurdles for importing liquefied gas (LNG), amid energy shortages.
China releases guidelines on green energy trading
A notice posted on the website of China's state planner said that China had issued guidelines on medium- and long term green power trading. The notice called for a market based approach. According to the joint…
China releases guidelines on green energy trading
A notice posted on the website of China's state planner said that China had issued guidelines on medium- and long term green power trading. The notice called for a market based approach. According to a notice…
Bangladesh's Summit reviews cross-border power agreements after India's rule change
The chairman of Bangladesh's Summit Group said that the company plans to renegotiate initial deals to import renewable energy from India, after New Delhi recently changed its rules to allow generators who exclusively export their power to sell it locally.
Officials in Indonesia have reduced the local content requirement of solar power plants from 50% to 20%.
Indonesia announced on Monday that it had reduced the local content requirement of solar power plants from 40% to around 20%. The country is looking to attract investment into projects which receive at least 50%…
Delft Students Cross North Sea on Self-Built Hydrogen Boat
On July 11, 2024, Dutch students from the TU Delft Hydro Motion Team arrived in Ramsgate with their self-built hydrogen boat, becoming the first to cross from the Netherlands to England with a fully hydrogen-powered vessel…
Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4…
