Daily Energy News
Policy & Regulatory
The EU unveils its offshore wind strategy, targeting 60 GW by 2030
20 Nov 2020The European Commission has unveiled the EU Strategy on Offshore Renewable Energy, which proposes to increase the EU’s offshore wind capacity to at least 60 GW by 2030 and to 300 GW by 2050. In addition, the Commission aims to add 40 GW of ocean energy and other emerging technologies such as floating wind and solar by 2050.
Read moreVietnam approves the creation of an emission trading scheme
20 Nov 2020The Vietnamese National Assembly has passed a new law on environmental protection, which creates an emission trading scheme (ETS) on 1 January 2022. The new regulation stipulates that the ETS must suit the local context and comply with international climate change treaties. The government will specify targets, timelines and regulated industries in a decree at a later stage. In addition, the law authorises enabling measures like national greenhouse gas (GHG) emission inventories, and the monitoring, reporting and verification of emissions.
Read moreNorway launches a new oil licencing round, offering 125 Arctic blocks
20 Nov 2020The Norwegian Ministry of Petroleum and Energy has launched its 25th oil exploration licencing round, which comprises 9 areas, including 8 in the Arctic Barents Sea and 1 in the Norwegian Sea. The government will tender 136 new oil exploration blocks, with 125 in the Arctic Barents Sea. The companies’ application deadline is set for the 23 February 2021 and the Ministry aims to grant new production licences in the second quarter of 2021.
Read moreThe UK unveils a €13bn programme for a green industrial revolution by 2030
19 Nov 2020The UK government has unveiled its Ten Point Plan for a Green Industrial Revolution by 2030. The policy will mobilise £12bn (€13.4bn) of government investment to cut greenhouse gas (GHG) emissions to net-zero by 2050. The UK government raised its target for offshore wind power capacity by 2030 from 30 GW to 40 GW.
Read moreEnergy & Climate Markets
Engie prepares to shut down its nuclear plants in Belgium by 2025
20 Nov 2020Engie has decided not to invest to extend the lifetime of its two Belgian nuclear power plants in Doel (2.9 GW), near Antwerp, and Tihange (3 GW), near Liège, as the Belgian government committed in April 2020 to phase out nuclear between 2022 and 2025.
Read moreEnbridge has to stop its Line 5 oil pipeline to Canada by May 2021
20 Nov 2020The state government of Michigan (United States) has ordered Enbridge to shut down a section of its 540,000 bbl/d Line 5 oil pipeline, which transports light crude oil and liquid natural gas from Wisconsin (United States) to Ontario (Canada) by May 2021due to environmental concerns.
Read moreInfrastructure & Investments
Invenergy launches the construction of a 1.3 GW solar project in Texas (US)
20 Nov 2020Invenergy has launched the construction of its 1,310 MW Samson Solar Energy Center project in northeast Texas (United States). The project, which requires a US$1.6bn investment, is expected to be fully commissioned in 2023. The solar plant will be constructed in five phases over the next three years, with each phase commencing operation upon completion. The project should be commissioned in 2023.
Read morePakistan and Russia revise deal on the Pakistan Stream Gas Pipeline
20 Nov 2020Pakistan and Russia have signed a revised agreement to build the Pakistan Stream Gas Pipeline, formerly known as the North-South Gas Pipeline. The 12.4 bcm/year gas pipeline would connect Karachi to the provincial capital Lahore over 1,100 km. Under the new agreement, the project will be executed through a special purpose company incorporated in Pakistan, and Pakistan will own 74% of the project, while Russia will have a 26% stake.
Read moreThe Italian power TSO Terna will invest €8.9bn over 2021-2025
20 Nov 2020Terna, the Italian power transmission system operator (TSO), plans to invest €8.9bn over the 2021-2025 period (+22% compared to the previous plan).
Read moreCompanies
SSE (UK) plans to add 1 GW/year of renewable capacity until 2030
19 Nov 2020The British energy group SSE has unveiled a plan to add 1 GW/year of renewable capacity and to triple its renewable power generation by 2030. The company has already pledged to spend £7.5bn (€8.4bn) to 2025 in low-carbon infrastructure in the UK and Ireland.
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