JSW Energy will buy a 1 GW coal-fired power plant in India 18 Feb 2020 JSW Energy, the energy branch of the Indian conglomerate JSW, has reached a INR53.2bn (US$745m) deal with GMR Energy to acquire its subsidiary GMR Kamalanga, which owns and operates a 1,050 MW (3×350 MW) subcritical…
Policy & Regulatory Virginia (US) adopts 5.2 GW offshore wind target by 2034 17 Feb 2020 The Virginia’s House and Senate (United States) have passed the Virginia Clean Economy Act, which lays out a plan to reach 100% of renewable power generation by 2050 at the latest. The legislation would…
Daily Energy News Policy & Regulatory Indonesia considers creating a state-owned upstream company 14 Feb 2020 The government of Indonesia has submitted a bill to the parliament to create a new state-owned company in charge of upstream oil and gas activities, which would conduct business with private companies through production sharing…
Policy & Regulatory Australia is considering net zero carbon emission target by 2050 12 Feb 2020 The Federal Energy Ministry of Australia is considering adopting a net-zero emissions target by 2050 ahead of the COP26 climate summit in November 2020. The government will assess the potential impacts of adopting such…
Latest Energy News 02 December 2019 TOP STORY: Greece’s NECP plans €43.8bn in energy transition investments by 2030 Greece has released its final version of its National Energy and Climate Plan (NECP) that reflects the country energy and climate strategy for the period 2021 to 2030. By 2030,…
Daily Energy News Register for our daily newsletter Energy & Climate Markets Gazprom proposes 1-year gas transit deal with Ukraine 20 Nov 2019 Gazprom has proposed to Ukraine either to extend the current 10-year gas transit agreement expiring on 31 December 2019 or to conclude a new one-year agreement. This…
Latest Energy News 13 November 2019 TOP STORY: Poland revises its draft energy policy to 2040 The Ministry of Energy of Poland has presented a revised version of the Polish Energy Policy to 2040. The draft document was originally published in November 2018. The text is open for…
Latest Energy News 08 November 2019 TOP STORY: New Zealand passes law for net zero CO2 emissions by 2050 The Parliament of New Zealand has adopted a law aiming to cut CO2 emissions to net zero by 2050, making the new 2050 greenhouse gas (GHG) reduction target legally binding….
Latest Energy News 07 November 2019 EXECUTIVE BRIEF: Addressing fuel poverty Addressing and tracking policies and measures to tackle the energy poverty issue Energy poverty, or fuel poverty, is often defined as a situation where low-income households are not able to adequately provide basic energy services in their homes…
Latest Energy News 06 November 2019 TOP STORY: US starts formal withdrawal from Paris Agreement The United States administration has confirmed that it will start its formal withdrawal from the Paris Climate Agreement aimed at cutting global greenhouse gas (GHG) emissions. The President had announced the upcoming withdrawal in…
El gran plan contracorriente de López Obrador SONIA CORONA, Paraíso (México) 23 OCT 2019 Andrés Manuel López Obrador es el presidente que apuesta por el petróleo en la época de la emergencia climática. El mandatario mexicano ha impulsado en su primer año de Gobierno el crecimiento de la estatal Petróleos Mexicanos (Pemex) y ha…
Latest Energy News 22 October 2019 TOP STORY: Brazil selects 3 GW of new power projects in A6 auction The National Electric Energy Agency (ANEEL) and the Electric Energy Trading Chamber (CCEE) have selected 91 power generation projects with a combined capacity of 2.98 GW in the A6…
Latest Energy News 21 October 2019 TOP STORY: South Africa approves its Integrated Resource Plan (IRP) until 2030 The government of South Africa has approved the 2019 Integrated Resource Plan (IRP2019), a power sector development roadmap until 2030. The IRP2019 proposes nine interventions to ensure the power…
Latest Energy News 18 October 2019 TOP STORY: Russia and the UAE sign series of energy cooperation agreements Russia and the United Arab Emirates (UAE) have signed a series of agreements to strengthen their energy cooperation. National oil company Abu Dhabi National Oil Company (ADNOC) has awarded…
Latest Energy News 17 October 2019 TOP STORY: China approves construction of 2 Hualong One nuclear reactors in Fujian The Ministry of Ecology and Environment of China has issued the construction licences for the first two units of the Zhangzhou nuclear power project developed in the Fujian…
Latest Energy News 16 October 2019 TOP STORY: Sempra will sell Chilean electricity distributor to China’s State Grid Sempra Energy has entered into an agreement with State Grid International Development (SGID) – a fully-owned subsidiary of the Chinese power transmission company State Grid Corporation of China –…
Latest Energy News 15 October 2019 TOP STORY: Gazprom starts filling Power of Siberia gas pipeline to China Gazprom has started to fill gas into its Power of Siberia gas pipeline to China, in line with its schedule (first gas deliveries to China in December 2019). The…
Latest Energy News 14 October 2019 TOP STORY: Ecuador restores fuel subsidies after weeks of mass protests The government of Ecuador has decided to repeal the law ending fuel subsidies that was announced 10 days before and that sparked mass protests. The government will discuss with indigenous leaders…
Latest Energy News 11 October 2019 TOP STORY: Nigerian regulator threatens with licence suspension 8 power distributors The Nigerian Electricity Regulatory Commission (NERC) threatens to suspend licences of eight regional distribution companies over eleventh, giving them 60 days to provide explanations. They failed to pay for electricity they…
Latest Energy News 10 October 2019 TOP STORY: German government approves draft Climate Protection Act The Federal government of Germany has approved the draft Climate Protection Bill, which sets legally binding climate protection targets for every single economic sector, enshrining the country’s target to become greenhouse-gas-neutral by…
Latest Energy News 09 October 2019 TOP STORY: EDF raises Flamanville EPR cost by €1.5bn (France) EDF has revised the construction schedule for its 1,650 MW Flamanville EPR nuclear project in France and raised the estimated construction cost by €1.5bn to €12.4bn (in 2015 euros), after the adoption…
Latest Energy News 07 October 2019 TOP STORY: The Netherlands will not increase gas production from small fields The Government of the Netherlands has announced that it will not seek to offset the end of gas extraction at the Groningen field in 2022 by increasing production from…
Latest Energy News 04 October 2019 TOP STORY: Norwegian wealth fund to divest upstream oil assets The Norwegian Government has decided its US$1,100bn sovereign fund Government Pension Fund Global (GPFG) will sell its participation in upstream oil and gas companies to protect its portfolio from a prolonged…
Latest Energy News 03 October 2019 TOP STORY: China Three Gorges buys Sempra Energy’s electricity assets in Peru for US$3.6bn Sempra Energy has agreed to sell its equity interests in its Peruvian businesses, including its 83.6% stake in the power distribution company Luz del Sur, to China…
Latest Energy News 02 October 2019 TOP STORY: AES gets approval for 2.2 GW Son My 2 CCGT power project in Vietnam AES has received approval to build the 2.2 GW Son My 2 CCGT power plant in the south-central province of Binh Thuan, Vietnam. The facility…
Latest Energy News 01 October 2019 TOP STORY: China led global nuclear power developments in 2018 According to the World Nuclear Report 2019, China led global nuclear developments in 2018, as 7 of the 9 reactors that were commissioned during the year were located in China, the…
Latest Energy News 30 September 2019 TOP STORY: Nord Stream 2 seeks arbitration on EU gas rules dispute The consortium developing the Nord Stream 2 gas pipeline has filed a notice seeking arbitration over its dispute with the European Commission over EU gas rules, considering that the European…
Daily Reports Thursday, 26 September 2019 High-level Dialogue on Financing for Development The High-level Dialogue, the first such dialogue since the adoption of the Addis Ababa Action Agenda (AAAA) in July 2015, took place at UN Headquarters in New York. Addressing the opening session, Bill Gates, businessperson and philanthropist, called for…
Latest Energy News 26 September 2019 TOP STORY: France, Greece and Bulgaria committ to raise 2030 renewable targets France, Greece and Bulgaria have pledged to update their renewable energy targets for 2030. The targets are part of the National Energy and Climate Plans (NECPs). The final NECPS will be…
Latest Energy News 25 September 2019 TOP STORY: Multilateral Development Banks pledge to increase climate investments by 2025 During the UN Secretary-General’s Climate Action Summit, nine multilateral development banks (MDBs) have promised to increase their investment in global climate action to US$65bn/year by 2025, including US$50bn for…