Latest Energy News
Policy & Regulatory
Uzbekistan plans to add 5 GW of solar and 3 GW of wind capacity by 2030
5 May 2020The Ministry of Energy of Uzbekistan has unveiled its "Concept of providing the Republic of Uzbekistan with electric energy for 2020-2030", in which it plans to increase the installed capacity by more than 16 GW to over 29 GW and to nearly double its power generation to over 120 TWh in 2030. In particular, Uzbekistan plans to build 1.5 GW of hydropower, 5 GW of solar and 3 GW of wind capacity by 2030, in order to cover 22% of its power mix with wind and solar by 2030 (from 0 in 2019).
Read moreNYSERDA (US) postpones its next 1-2.5 GW offshore wind tender
4 May 2020The New York Energy Research and Development Authority (NYSERDA) has decided to defer its 2020 solicitation for at least 1 GW and up to 2.5 GW of offshore wind capacity, due to the COVID-19 crisis. The tender was allowed by the New York Public Service Commission (PSC) and was expected to be issued in July 2020. The NYSERDA now plans to issue it in coordination with a US$200m solicitation to upgrade New York ports.
Read moreCameroon opens state-owned power TSO’s shareholding to private investors
4 May 2020The government of Cameroon has agreed to open the share capital of the National Electricity Transmission Company (Sonatrel), which is 100% state-owned, to private investors. Created in 2015, Sonatrel operates, maintains and develops the power transmission network and its interconnections with neighbouring grids.
Read moreCompanies
Chinese and Russian oil companies announce investment cuts in 2020
5 May 2020In the wake of the COVID-19 pandemic, collapsing energy demand and falling oil prices, Chinese and Russian oil companies have announced significant cuts in their 2020 investment plans.
Read moreTotal seeks license to sell electricity to large customers in Australia
5 May 2020Total has applied to the Australian Energy Regulator AER for an electricity retailer license, as the company aims to reach 9 million electricity customers worldwide by 2023. Through its Total Eren subsidiary, the company is currently building a 256 MW solar project in Australia, which should generate around 2 TWh/year of electricity.
Read moreEnergy & Climate Markets
Renewables reached 17.2% of final energy consumption in France in 2019
5 May 2020According to the French General Commission for Sustainable Development, the share of renewables in the gross final energy consumption reached 17.2% in 2019, according to provisional estimates. This share has increased by 8 percentage points since 2005, thanks to the surge in the gross final consumption of renewables (+ 129 TWh since 2005, i.e. an increase of 72%), and the drop in gross final energy consumption (- 144 TWh since 2005, i.e. a decrease of 7%).
Read moreInfrastructure & Investments
POGC will start a gas processing plant at South Pars 14 (Iran) in 2021
5 May 2020Pars Oil and Gas Company (POGC) plans to complete the installation of the gas processing plant at the 14th phase of the South Pars gas project in southern Iran by the end of June 2021. The project’s engineering, procurement, and construction (EPC) for the so-called refinery is currently around 83% complete. Four platform adding 14 mcm/d of gas each to the field’s production were commissioned between the summer 2018 and February 2020, raising the production from the offshore section of the phase 14 to 56 mcm/d (20 bcm/year).
Read moreSaipem will build part of the Baltic Pipe gas pipeline (Denmark-Poland)
5 May 2020The Polish gas transmission system operator (TSO) Gaz-System has awarded a €280m contract to Saipem to build a section of the 10 bcm/year Baltic Pipe gas pipeline project between Denmark and Poland.
Read moreDEWA signs PPA for 900 MW fifth phase of Dubai solar project (UAE)
5 May 2020Dubai Electricity and Water Authority (DEWA) has signed a 25-year Power Purchase Agreement (PPA) for the 900 MW 5th phase of the Mohammed bin Rashid Al Maktoum solar power plant in Dubai, in the United Arab Emirates (UAE). In November 2019, a consortium led by ACWA Power and Gulf Investment Corporation was selected as the preferred bidder to develop the 5th phase, a solar PV project, offering a price of less than US$1.70c/kWh.
Read moreContractor selection starts for East Med gas pipeline (Israel-Greece)
5 May 2020IGI Poseidon, the joint venture of Greek gas utility DEPA and Italian energy group Edison, has launched a tender to pre-select two contractors to design and build four offshore sections (total length of 1,470 km) of the 10 bcm/year East Med gas pipeline project for a budget of approximately €3bn.
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