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Oil-rich Guyana eyes carbon offset as lucrative revenue stream
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Oil-rich Guyana eyes carbon offset as lucrative revenue stream

Guyana, which has pioneered offshore oil exploration, is leveraging its inland forests to access carbon markets, a business that the government sees as more profitable than mining or agriculture, Vice President Bharrat Jagdeo said.
February 21, 2023
Supply chain, red tape hamper European renewables projects: RWE CEO
News

Supply chain, red tape hamper European renewables projects: RWE CEO

The most significant barriers to rapidly expanding renewable energy in Europe are supply chain capacity and an uncertain investment environment, according to Markus Krebber, CEO of Germany's largest utility RWE.
February 20, 2023
Vietnam to postpone rules for offshore wind development
News

Vietnam to postpone rules for offshore wind development

A European Union business representative said that Vietnam may not have a legal framework to regulate offshore wind farms until next year, potentially deferring billions of dollars in foreign investment in the sector.
February 20, 2023
EU countries set to agree push on fossil fuel phase-out
News

EU countries set to agree push on fossil fuel phase-out

European Union countries are ready to approve a diplomatic statement on Monday calling for a global phase-out of fossil fuels, as they prepare for this year’s COP28, a draft document revealed.
February 20, 2023
China's CNPC set to strike 30-year LNG deal with Qatar
News

China's CNPC set to strike 30-year LNG deal with Qatar

China National Petroleum Corp (CNPC) is close to finalizing an agreement to purchase liquefied natural gas (LNG) from QatarEnergy for up to 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of t
February 18, 2023
Skills shortage crisis threatens EU renewables targets
News

Skills shortage crisis threatens EU renewables targets

The European Union's ambition to rapidly expand solar and wind power relies on a big increase in the solar and wind workforce during a difficult hiring season.
February 18, 2023
Australian solar firm Vast merges with Nabors SPAC
News

Australian solar firm Vast merges with Nabors SPAC

Australian renewable energy firm Vast Solar has agreed to merge with a special purpose acquisition company (SPAC) backed by Nabors Industries (NBR.N) in a transaction valued at $586 million.
February 18, 2023
Seven countries oppose EU’s overhaul of electricity market
News

Seven countries oppose EU’s overhaul of electricity market

Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg, and Latvia have warned Brussels not to make major changes to the European Union's power market in response to the energy crisis, calling instead for minor alterations.
February 17, 2023
Denmark grants first CO2 storage licences for North Sea projects
News

Denmark grants first CO2 storage licences for North Sea projects

The Danish Ministry of Climate, Energy, and Utilities has awarded its first licences to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies.
February 16, 2023
EU sets out framework for nuclear-derived hydrogen
News

EU sets out framework for nuclear-derived hydrogen

The European Commission on Monday proposed regulations that could allow some hydrogen produced in nuclear-based energy systems to contribute toward EU renewable energy objectives, signaling a victory for pro-nuclear France.
February 16, 2023
Germany eyes long-term LNG supply deal with Oman
News

Germany eyes long-term LNG supply deal with Oman

Germany and Oman are in advanced talks to strike a long-term deal for liquefied natural gas (LNG) lasting at least ten years as Berlin seeks alternatives to Russian fuel supply, according to three sources familiar with the matter.
February 15, 2023
Philippines' Citicore IPO to fund $4 bn investment in renewables
News

Philippines' Citicore IPO to fund $4 bn investment in renewables

Citicore Renewable Energy Corp, one of the Philippines' leading solar power producers, has revealed plans to go public this year. It expects the share offering to contribute to a $4 billion investment in solar projects over the next five years.
February 15, 2023
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