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Policy & Regulatory
Germany’s new coalition government unveils new energy and climate targets
26 Nov 2021
Germany’s newly-formed coalition government has announced ambitious reforms to accelerate climate policies. It aims to advance the phase out of coal-fired power generation (by 2030) and to accelerate planning and approval procedures to ease renewable power expansion. The installed solar PV capacity should increase from nearly 60 GW currently to around 200 GW by 2030 by using all suitable roofs to instal PV systems.
Mozambique launches new oil and gas bidding round
26 Nov 2021
The National Petroleum Institute (INP) of Mozambique has launched the 6th Licensing Round for the Concession of Hydrocarbon Exploration and Production Areas, offering 16 new oil and gas blocks, 5 of which are located in the Rovuma Basin, 7 in Angoche, 2 in the Zambezi Delta and 2 in Save. The results of the 10-month tender will be announced in October 2022.
Australian parliament approves offshore electricity infrastructure law
26 Nov 2021
The Australian parliament has passed the Offshore Electricity Infrastructure bill, which had already secured approval from the House of Representatives. The new law sets a legal framework for developing offshore wind projects and offshore electricity transmission infrastructure. The National Offshore Petroleum Titles Administrator (NOPTA) will oversee licences for offshore projects, while the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) will have oversight of ongoing operations and safety.
European Commission clears Greece’s €2.27bn renewable support scheme
26 Nov 2021
The European Commission has approved the €2.27bn Greek scheme for power generation from renewables and high efficiency CHP, considering that the support scheme was in line with the EU state aid rules and that it will help Greece reach its renewable targets while contributing to the European climate neutrality target by 2050.
Algeria selects 11 sites for its 1 GW Solaire 1.000 solar programme
25 Nov 2021
The Ministry of Energy Transition and Renewable Energies of Algeria has selected 11 potential sites as part of its «Solaire 1.000» solar development programme, aimed at adding 1,000 MW of solar capacity. The potential sites are located in the El-Bayadh, Ouargla, El Oued, El M’Ghair, Ghardaïa and Bechar wilayas, spanning across 4,250 hectares; they have been selected taking into account their accessibility and the possibility to connect future solar projects to the national power grid.
Uzbekistan targets 8 GW of solar and wind capacity by 2026
25 Nov 2021
Uzbekistan aims to raise the solar and wind capacity to 8,000 MW by 2026 and expects foreign direct investments (FDIs) of US$3bn over the 2022-2024 period to finance at least 10 solar and wind projects with a combined capacity of 3,000 MW. In 2022, five solar projects totalling 900 MW should be awarded through tenders in the Khorezm, Bukhara, Kashkadarya, Namangan, and Ferghana regions. The remaining total capacity required to reach 8 GW will likely be financed by the government but no official statement has been made yet.
Companies
Gazprom (Russia) approves a US$24bn investment programme for 2022
26 Nov 2021
Gazprom has approved its 2022 investment programme, planning to invest RUB 1,758bn (US$24bn), of which 81% will be directed to capital investments. The group will seek to further develop new gas production centres (Yamal, Yakutia and Irkutsk) and the Power of Siberia gas pipeline to China and projects securing gas balance in peak periods.
Endesa (Spain) will invest €25bn in energy transformation by 2030
26 Nov 2021
The Spanish energy group Endesa has unveiled its strategic plan until 2030, planning to invest €25bn between 2021 and 2030, of which 40% will be directed to raise its renewable capacity to over 18 GW (+10 GW compared to its 2020 capacity) and another 40% will be invested in the distribution sector.
Forecasts
Brazil expects to raise US$116bn in 10 years from subsalt oil sales
26 Nov 2021
Pré-Sal Petróleo (PPSA), the Brazilian state-owned company managing the government’s share of oil produced in subsalt areas, estimates the required investments in the Brazilian Pre-salt Polygon at US$99bn until 2031, of which US$33bn would be invested in production platforms, US$37bn in wells and US$29bn in subsea systems. Moreover, it estimates that crude oil production under production sharing contracts could reach 8.2 mbl over the next ten years, of which 1.5 mbl would be owned to the government. In 2031, the average production of oil contracts would stand at 3.5 mb/d, i.e.
Indonesia considers 40 GW of nuclear capacity in 2060
26 Nov 2021
Indonesia is considering developping nuclear as the Ministry of Energy and Mineral Resources (ESDM) reviews the General Plan for the Provision of Electricity (RUPTL). The first nuclear reactor of the country could be commissioned by at least 2049 but development could be accelerated to reach 40 GW of nuclear capacity in 2060.
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