The EU installed 15 gigawatts (GW) of new wind farms in 2022. That’s one third more than 2021. This increase in new installations is an encouraging result given the overlapping challenges the industry faced in 2022. And the 15 GW installed are an important contribution to strengthening Europe’s energy security ahead of next winter. But […]

New IRENA report shows investment in renewables is cost‑effective, delivering economic growth and jobs, while achieving global climate and sustainable development objectives. Nearly 60 per cent of Nigeria’s energy demand in 2050 can be met with renewable energy sources, saving 40 per cent in natural gas and 65 per cent in oil needs at the […]

  Baker Hughes, an energy technology company, has announced  an awarded of contract which  has been booked in the fourth quarter of 2022 by Malaysia Marine and Heavy Engineering (MMHE) to supply carbon dioxide (CO2) compression equipment to PETRONAS Carigali Sdn. Bhd.’s Kasawari offshore carbon capture and sequestration (CCS) project in Sarawak, Malaysia. The project is expected […]

The global quest to fight climate change through innovative technological search has hit a major breakthrough, this time around its coming a renowned international advanced chemical company ; Versalis an Eni’s chemical company. The company has acquired the technology to produce enzymes for second-generation ethanol from DSM, a global, purpose-led company in Health, Nutrition & […]

Eni Chief Executive Officer Claudio Descalzi and Snam Chief Executive Officer Stefano Venier have signed an agreement to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project, through an equal joint venture. The agreement also includes the implementation of studies and preparatory activities for the subsequent development phases. Phase […]

South Africa is attracting more and more investors in renewable energy industrial sector of its economy especially in the nascent green hydrogen industry and its derivatives. Hive Hydrogen, the subsidiary of UK-based Hive Energy and ACWA a Saudi Arabian renewable energy company have recently indicated investment commitment of over $16 billion in green ammonia in […]

While governments are racing to meet energy independence and climate goals, 2022 is set to be a record-low year for investment activity in a critically important renewable energy technology: offshore wind. To date in 2022, only around 800 MW (0.8 GW) of electricity generation capacity across a handful of small projects has reached a final […]

Shell New Energies Holding Europe BV (Shell) announced it has acquired Green Tie Capital’s (GTC) platform of ten medium mature solar energy projects across Spain, with potential for two gigawatts of solar power generation capacity. Óscar Fernández, Shell Spain country chairman: “Shell’s Group strategy is to be a leading player in the energy transition, in the markets in […]

Woodside fully supports policies that aim to bring down cost of living pressures for Australian households. The Federal Government’s broader plan to intervene in the Australian gas market will not meet this objective and could make matters worse. A policy of such significance, proposed without any meaningful consultation with industry, creates an environment of uncertainty […]

The Sustainable Energy Fund for Africa (SEFA) has approved a reimbursable grant of $1 million to NewAfrica Impact Ltd to prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat. The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring. NewAfrica […]