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In 2018, the scale of global energy industry mergers and acquisitions fell by 20% to $255 billion
Time of Update: 2023-01-02
A new report by world-renowned international law firm Baker McKenzie shows that M&A activity in the energy sector fell by 20% in 2018 and is expected to decline further in 2019 before picking up in 2020.
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India's rooftop solar and agricultural solar are supported by the government with about $6.5 billion
Time of Update: 2023-01-02
Under the plan, the National Housing Association and the Residents' Welfare Association will receive financial support to install rooftop PV, as India aims to achieve 40 GW of rooftop solar installed capacity by 2022, accounting for 40% of the country's 100 GW solar target.
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Brazil received a loan of 390 million euros for 1,200 km of high-voltage transmission lines
Time of Update: 2023-01-02
Specifically, the borrowing company Chimarrao Transmissora de Energia will build transmission lines in the Brazilian state of Rio Grande do Sul through this €389 million loan to connect wind power projects in southern Brazil to generate electricity.
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Study calls on South Asian countries to reduce their reliance on coal power and transition to clean energy
Time of Update: 2023-01-02
Coal power The report said that coal development plans in these regions are threatening the goal of limiting global warming and violating the Paris Agreement.
Coal power The report said that coal development plans in these regions are threatening the goal of limiting global warming and violating the Paris Agreement.
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Chilean Mining Industry Association: Copper prices are unlikely to rebound in 2020
Time of Update: 2023-01-02
Diego Hernandez, senior head of mining and president at Sonami, said demand for copper is not expected to increase significantly in 2020, making major miners cautious about increasing supply.
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Poland and Germany will reduce purchases of Russian crude by 350,000 tonnes in July
Time of Update: 2023-01-02
Reuters news, traders said on Friday that Poland and Germany will reduce purchases of Russia's flagship Urals crude oil blend this month through the Druzhba pipeline, traders said on Friday.
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The Tengt High Voltage Transmission Project in the Netherlands received a €250 million loan from the European Investment Bank
Time of Update: 2023-01-02
Tennet, the Dutch transmission system operator (TSO), will receive a €250 million loan from the European Investment Bank (EIB) to build a new transmission line to connect offshore wind farms to the Dutch grid.
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Generous! 10 more large offshore wind farms are expected in the North Sea of Europe
Time of Update: 2023-01-02
The North Sea Offshore Wind Hub Initiative (NSWPH), prepared by a consortium of European energy companies TenneT, Energinet and Gasunie and the Port of Rotterdam, is seen as an important way for the Netherlands, Belgium, the United Kingdom, Norway, Germany and Denmark to meet the economic decarbonization targets agreed in the 2015 Paris climate agreement.
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H1 raised US$2.3 billion in global battery storage, smart network and energy efficiency companies
Time of Update: 2023-01-02
According to the report, the decrease in funding in the first half of 2019 was due to reduced financing activity for smart grid companies, while increased financing for battery storage and energy efficiency companies.
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The global battery energy storage market is expected to reach $5.7 billion in 2020
Time of Update: 2023-01-02
According to the report, due to the impact of the COVID-19 virus pandemic, the global battery energy storage market will reach $5.
According to the report, due to the impact of the COVID-19 virus pandemic, the global battery energy storage market will reach $5.
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The Angolan government reorganizes Angola Telecom and privatizes 55 state-owned enterprises
Time of Update: 2023-01-02
Angola Telecom The government plans to sell a 45% stake in the telecommunications company in 2021, when submarine cable operator Angola Cable and shares in MSTelecom, Net One, Unitel, Angolan Cabo TV and Multitel will also be sold to private investors.
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Covid-19 pandemic reduces UK gas power generation costs by 27%
Time of Update: 2023-01-02
Lower natural gas prices mean that the average cost of electricity for a newly built combined cycle natural gas plant (CCGT) is down 27% year-over-year to 45 pounds per megawatt-hour (MWh) today, with an average capacity factor of 66%, assuming generators burn NBP and operate.
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The European Climate Analysis Group warns that the EU must accelerate the phase-out of coal
Time of Update: 2023-01-02
Coal power declined Although the EU reduced coal use in its power plants by 11 percent between 2000 and 2014, it wasn't fast enough, the report argued.
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Norway has postponed a decision on whether to build a new submarine cable to connect Scotland
Time of Update: 2023-01-02
The undersea cable project, dubbed NorthConnect and partly owned by Swedish energy group Vattenfall, has sparked controversy over concerns among some Norwegian lawmakers about rising grid costs and electricity prices as the output of wind turbines and hydroelectric power stations is exported.
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By 2020, renewable energy investment in Asia will exceed upstream spending on oil and gas
Time of Update: 2023-01-02
The consultancy said total capital spending on renewable energy in the region will exceed $30 billion by 2020, slightly more than investments in oil and gas exploration and production.
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World Coal Association: The divestment of coal assets campaign did not meet expectations
Time of Update: 2023-01-02
” The industry body also said the call for divestment from coal did not recognize growing energy demand, coal's continued role and the importance of technology in aligning coal use with global efforts to reduce emissions.
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The Montenegro-Italy submarine power cable is scheduled to be put into commercial operation by the end of this year
Time of Update: 2023-01-02
Submarine cables "A few days ago we were testing and we exported electricity from Montenegro to Italy and it operated successfully," Montenegro's public broadcaster RTCG on Monday quoted Economy Minister Dragica Sekulic as saying.
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The global electrical line interconnection market will reach $9.72 billion by 2026
Time of Update: 2023-01-02
Electrical line interconnection The emergence of new aircraft manufacturers in developing economies, upgrading of existing aircraft, and growing demand for more electric aircraft are some of the factors driving the growth of the market.
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Prysmian has received an order for 50 million euros for submarine cables in Chile
Time of Update: 2023-01-02
Prysmian According to reports, this newly developed submarine cable system, called Prat, is to connect Arica to Puerto Montt, passing through Iquique, Antofagasta, La Serena, Valparaiso and Talcahuano, with a total length of about 3,550 kilometers.
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Clean energy investment in emerging markets around the world has fallen sharply
Time of Update: 2023-01-02
New investment in wind, solar and other clean energy projects in developing countries fell sharply in 2018, largely due to slowing growth in China.
New investment in wind, solar and other clean energy projects in developing countries fell sharply in 2018, largely due to slowing growth in China.
