UK Gov working to ‘break link’ between renewables and gas prices
Work is ongoing to “break the link” between the cost of gas and electricity prices in the UK, the prime minister has confirmed.
renewables
More focus needed on developing skills now for energy transition
According to research by RGU Energy Transition Institute, over 200,000 offshore workers will be needed in the UK by 2030, and over 65% of the workforce will support low carbon energy activities.
Are you a producer of renewables-type energy? If so then come sell it to us
A talk with Francesco Benvenuto, Head of Energy Management for Falck Renewables – Next Solutions
Billionaire bets on renewables in biggest 2022 Philippine IPO
Philippine billionaire Enrique Razon made his fortune operating ports and running casinos. His next target is the country’s nascent renewables industry.
IEA says Indonesia needs to invest $8bn per year on energy transition
To hit its 2060 net zero pledge, Indonesia will need to almost triple energy investment by 2030, the International Energy Agency (IEA) said in its latest report. That means an extra $8 billion in investment a year by the end of this decade compared with a business-as-usual pathway.
Aquaterra Energy focuses on green energy with new Renewables Director
Offshore equipment and solutions provider, Aquaterra Energy has appointed Anne Haase as renewables director to drive the offshore renewable energy arm of the business.
Analysis shows lucrative oil giants investing a fraction of profits in renewables
European oil giants are investing a small fraction of their mammoth returns in green energy initiatives, according to analysis.
Unaffordable LNG prices undermine rapid demand growth forecasts in key Asia markets
Sustained high prices may accelerate downward pressures on Asian liquefied natural gas (LNG) demand, clouding long-term industry outlooks.
Shell seals $1.55bn acquisition of Indian renewable energy group
Shell (LON:SHEL) has finalised its $1.55 billion acquisition of Indian renewable energy developer and operator Sprng Energy from Actis Solenergi. Significantly, the solar and wind power assets that Shell acquires through the deal will triple the oil and gas company’s renewable energy capacity in operation, it said on Tuesday.
Newly elected Philippines President eyes renewables and nuclear as LNG prices soar
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.
Nuclear and renewables to edge out LNG in South Korea
A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
China to export $100bn in renewable energy technology in 2022, bright future ahead
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from energy research firm Wood Mackenzie showed.
Brian Wilson: Setting climate targets is one thing, meeting them is another
Setting targets is one thing and meeting them is another. That is the underlying message on which the latest, highly sceptical report by the Committee on Climate Change is built.
Petrofac looks ahead to ‘multi-year upcycle’ but headwinds deal a blow to E&C
Petrofac (LON: PFC) has said it is in position to benefit from a “multi-year upcycle” ahead for the oil and gas industry, but headwinds continue to hit its E&C division.
AREG launches 2023 photography contest to capture energy transition in action
People across Scotland are being encouraged to pick up their cameras and capture the energy transition in action.
Medco Energi eyes more acquisitions in Southeast Asia, ESG in focus
Indonesia’s Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
TotalEnergies, Adani team up for multi-billion dollar Indian hydrogen plans
French energy major TotalEnergies and Indian billionaire Gautam Adani’s conglomerate are partnering to fund billions of dollars worth of green hydrogen development in India as the world’s third-largest polluter seeks to decarbonise.
Brexit ‘slowed down investment’ into UK renewables, report finds
Brexit has “posed challenges” to development of renewables in the UK, according to a new report into the country’s energy transition.
New Australian government bolsters outlook for renewable energy
Australia's new Labor government has secured a majority in parliament. This is expected to provide a tailwind for renewable energy investment in Australia as the Labor party campaigned on a strong environmental agenda, under its Powering Australia plan.
Windfall tax: Politicians should ‘rise above the calls of the election timetable’
The UK Government’s decision to impose a windfall tax on industry is disappointing and presents challenges to a sector that is focussed on meeting the UK’s energy needs for decades to come.
The Green Freeports race is on
The race is warming up to determine the locations for Scotland’s two Green Freeports.
First test for Australia’s new Government is an energy squeeze
Australia’s new government, elected with a promise to accelerate a shift away from fossil fuels, is holding talks with oil and gas giants to ease an energy squeeze that’s delivered a first major test.
Giant deep ocean turbine trial offers hope of endless green power in Japan
Power-hungry, fossil-fuel dependent Japan has successfully tested a system that could provide a constant, steady form of renewable energy, regardless of the wind or the sun.
Lack of renewables incentive is critical failure in government’s windfall tax scheme
Yesterday's announcement by Sunak was far from destructive for the North Sea oil & gas industry given the generous projects investment tax relief, but it fails, as it turns out, in at least one critical way.
Windfall tax risks ‘destabilising £200bn of energy investments’ warns industry chief
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.