Daily Energy News
Policy & Regulatory
France awards 520 MW of onshore wind capacity in auction
10 Feb 2021The French Ministry for the Ecological Transition has selected 15 onshore wind power projects representing a total capacity of 520 MW at an average price of €59.5/MWh (-0.3% compared to the previous tender) in its AO7 auction held in November 2020. The 7th 500 MW onshore wind auction attracted 49 bids totalling 1,065 MW. The 226 MW Mont des 4 Faux project in Ardennes (north-eastern France), developed by EDF Renewables and Windvision, is among the winning projects. The final investment decision (FID) on the €250m project is expected in 2022.
Read moreChile promulgates a new bill on energy efficiency
10 Feb 2021The Chilean president has promulgated a bill on energy efficiency, which was approved by the National Congress of Chile in January 2021. The new law targets a reduction in energy intensity of 10% by 2030 compared to 2019, enabling to save 28.6 MtCO2 and US$15.2bn in energy bills. The text creates energy efficiency labels for homes and establishes energy efficiency standards for vehicles. In addition, large consumers with energy management capacity will have to cut their energy intensity by at least 4% over the period of the plan.
Read moreThe Crown Estate (UK) awards leases for 8 GW of offshore wind projects
9 Feb 2021The UK Crown Estate has selected six proposed new offshore wind projects in the waters around England and Wales (United Kingdom), which represents just under 8 GW of potential new offshore wind capacity. A consortium of BP and EnBW were selected for two major leases of 1,500 MW each, both located in the Irish Sea (off the coast of Barrow-In-Furness, West of Morecambe Bay, and off the Northern Welsh Coast, North East of Anglesey).
Read moreGermany will invest €6bn in 2021 in energy efficiency measures
9 Feb 2021Germany has made available €6bn in 2021 to finance energy efficiency measures, most notably programmes to modernise existing buildings with better insulation and more efficient heating systems. The "Federal Funding for Efficient Buildings" (BEG) will also simplify funding applications and processing. Germany expects subsidy-related CO2 savings to double to 14 Mt of CO2 by 2030 (compared with previous studies) and tax subsidies for building renovation to add 3 Mt in CO2 savings.
Read moreCompanies
Total posts a US$7.2bn net loss in 2020
10 Feb 2021Total, which has published its full-year 2020 results, posted a 30% decrease in sales to US$141bn (due to the COVID-19 that affected global energy demand and depressed oil prices) and a US$7.2bn net loss in 2020. The company produced 1,298 kb/d of oil (-9%) in 2020 and 74.6 bcm of natural gas (-1%). Its LNG sales increased by 12% to 38.3 Mt. Total’s gross renewable installed capacity more than doubled to reach 7 GW at end-2020. The company generated 14.1 TWh (+24%), including 4 TWh (+97%) from renewables.
Read moreIndonesia’s Pertamina plans to raise its crude oil imports by 50% in 2021
10 Feb 2021The Indonesian state-owned oil company Pertamina, which imported 78.7 mbl of crude oil in 2020, plans to import 118.4 mbl in 2021 (+50%). Gasoline imports by Pertamina are expected to reach 113 mbl in 2021 (+14%).
Read moreEnergy & Climate Markets
Brazil’s Norte Energia signs deal over 11 GW Belo Monte dam’s output level
10 Feb 2021Norte Energia, an affiliate of Eletrobras which owns and operates the 11 GW Belo Monte hydropower plant, has signed an agreement with Brazil’s environmental agency Ibama on the water flow of the Xingu River in Pará (northern Brazil). The company has pledged additional spendings in environmental conservation and assistance for the local population to maintain energy generation water flows.
Read moreRussia’s crude oil exports declined by 11% to 239 Mt in 2020
10 Feb 2021According to the Federal Customs Service, Russia’s crude oil exports declined by 11% in 2020 to 239 Mt, while oil products exports dipped by 0.8% to 142 Mt (despite a 12% growth in gasoline exports and a 3.3% increase in diesel exports). Natural gas exports dropped by 9.7% to 199 bcm but LNG exports increased by 4.5% to 68 bcm. Finally, the country coal exports reached 199 Mt (-3%).
Read moreInfrastructure & Investments
Qatar Petroleum takes FID on US$28.7bn North East LNG project (Qatar)
10 Feb 2021Qatar’s oil and gas company Qatar Petroleum has taken the final investment decision (FID) to develop the North Field East (NFE) LNG project in Qatar. The US$28.75bn project will raise the country’s LNG production capacity from 77 Mt/year to 110 Mt/year (+43%).
Read moreNigeria secures a US$500m loan to improve electricity distribution
10 Feb 2021The World Bank has approved a US$500m loan to support the Nigerian government in improving its electricity distribution sector. The project will seek to reduce technical losses, increase energy efficiency, replace diesel and biomass with grid-electricity, and invest more in on- and off-grid renewable energy. It is expected to improve the performance of the Electricity Distribution Companies (DISCOs) through a large-scale metering programme and to increase electricity access.
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