International
Germany to help its industry transition with billion-euro boost
Germany plans to give its industry a double-digit billion-euro boost to help it transition to cleaner production, the economy ministry announced on Thursday. Companies can be eligible for subsidies under the "carbon contracts for difference" mechanism, which aims to...
US solar installations fall by 16% in 2022
According to a market report by the Solar Energy Industries Association and the research firm Wood Mackenzie released on Thursday, new solar installations in the US decreased by 16% to 20.2 gigawatts (GW) in 2022 from the previous year. This primarily due to a ban on...
Germany to build hydrogen gas-fired power plant
As Europe's largest economy works to increase its environmentally friendly energy sources, Germany will construct new gas-fired power plants that will run on hydrogen, German Chancellor Olaf Scholz announced on Tuesday. In a speech to the VKU local utilities...
UK National Grid prepares for tight power supply
Due to limited supply, British transmission system operator National Grid ESO has issued a number of notices requesting additional generation capacity for Tuesday, 7th March, 2023. It also offered to pay customers to use less electricity on Wednesday. On March 7,...
Latin America and the Caribbean region becoming key RE hotspot to watch
Latin America and the Caribbean are hosts to the largest solar power development pipeline outside of Eastern Asia and North America, making the region a key renewable energy hotspot to watch over the next ten years. According to data from Global Energy Monitor (GEM)...
Japan to reach 90% clean power by 2035
Japan could obtain 90% of its power from clean sources by 2035 thanks to falling costs for solar, wind, and battery storage, a study by the Lawrence Berkeley National Laboratory, supported by the U.S. energy department, revealed on Wednesday. The study also indicated...
UK: Government to assist energy cost reductions for industry
To ensure that energy-intensive industries can continue to compete internationally, the British government unveiled plans on Thursday 23rd February, 2023 to help lower electricity costs, starting next year. The government stated that the proposals would include...
Nigeria awards $70 million annual power concession to local company
The Bureau of Public Enterprises (BPE) announced on Wednesday, 22nd February, that Nigeria has selected local energy company, Mainstream Energy Solution Ltd, to operate and manage the Chinese-funded Zungeru hydroelectric power station. The project comes at a cost of...
Warm weather, others cause less winter gas consumption in Europe
Unusually warm weather, rising prices, and the implementation of emergency measures by European governments [to deal with the energy crisis] resulted in reduced use of gas during the winter period between August 2022 and January 2023, reports indicate. According to...
Germany to speed up power market reform, Economy Minister
German Economy Minister, Robert Habeck, said on Monday that the country will spend the majority of this year preparing its power market for greater reliance on renewable sources by the end of the decade. Habeck seeks to transform the 550-terawatt hours (TWh) market as...
