Articles
4 October 2022
Cnooc ramps up wind development
Chinese state oil company following in footsteps of European counterparts as it looks to decarbonise its portfolio
3 October 2022
RWE expands in US with $6.8bn Con Edison deal
German utility nearly doubles its US renewables portfolio with purchase of US’ second-largest solar operator
3 October 2022
Chevron looks to reduce CCS costs
The US oil major is investing in capture-technology startups and testing in San Joaquin Valley
3 October 2022
Orsted drops out of Taiwanese offshore wind tender
Unfavourable regulation and inflationary pressure behind developer’s decision not to bid in upcoming 3GW tender
30 September 2022
North Sea CCS trials to start after cross-border deal
Chemicals company Ineos to ship CO₂ from Belgium to Danish storage site in first North Sea trials after governments give green light
29 September 2022
Petronas clean energy unit targets rapid expansion
Gentari sets out strategy for aggressive buildout of renewables and hydrogen capacity
28 September 2022
Grid connection queues threaten US renewables goals
Concerns about pace of expansion as average wait time for renewable power projects seeking grid connections reaches almost four years
28 September 2022
UK’s Labour opposition ramps up renewables goals
Policies would include creation of state-backed national energy champion to drive delivery of 100pc renewables by 2030
27 September 2022
BP and Hertz to develop North American EV charging network
The oil major’s charging subsidiary will support Hertz’s growing EV fleet
27 September 2022
UK launches net-zero review
Former energy minister to lead review into net-zero strategy, with a focus on energy security and economic growth
26 September 2022
CCUS gains traction in China after slow start
Country’s largest energy and industrial companies take the lead in early development ahead of wider deployment of technology
26 September 2022
CCS poised for rapid growth in US
Inflation Reduction Act and other government initiatives seen as catalysts for carbon-capture expansion across multiple industrial sectors, according to speakers at Transition Economist roundtable
23 September 2022
Canada and UAE back clean shipping fuel plans
The Clean Energy Marine Hubs Initiative aims to link up decarbonisation efforts between ports, shipping and energy
23 September 2022
UK aims to accelerate clean energy projects
Government includes projects spanning hydrogen, offshore wind, CCS and nuclear on list of priority infrastructure to be delivered as quickly as possible
22 September 2022
Qatar works with GE to cut energy sector emissions
State-owned QatarEnergy and technology company GE to develop roadmap for deployment of CCS, hydrogen and ammonia to cut scope one emissions
20 September 2022
Governments not collaborating enough on transition – IEA
Coordinated action urgently needed on deployment of clean technologies to avoid decades-long delay in reaching net zero, agency warns
20 September 2022
Fortescue to eliminate fossil fuel use by 2030
Resources firm will spend $6.2bn on developing technologies to help eliminate the use of coal, diesel and natural gas from its supply chain by 2030
16 September 2022
Chemicals sector faces transition dilemma
Transitioning to low-carbon is complicated but represents huge opportunities for the sector, says new report
14 September 2022
EU puts forward measures to reduce power demand
Proposals also include a temporary revenue cap on operators of renewable, nuclear and lignite power generation
12 September 2022
EU package to target electricity demand
Emergency measures aim to lower power prices by reducing demand at peak times
9 September 2022
Shell and Mitsui partner on Asian CCS
The firms will explore technical and commercial feasibility of CCS projects in Asia-Pacific, as well as options for shipping CO₂
8 September 2022
UK aims to decouple renewables from gas
New prime minister Liz Truss proposes CfDs for existing renewables and nuclear as part of package to tackle energy affordability crisis and provide long-term security of supply
8 September 2022
EPP proposes faster allowance sale to lower ETS price
Largest group in European Parliament has suggested sale of allowances across one year to finance investments in energy projects
8 September 2022
US takes on offshore permitting bottleneck
Funding boost for Bureau of Ocean Energy Management aimed at speeding up leasing and permitting of proposed projects
8 September 2022
GE loses right to sell Haliade-X turbines in US
Rival turbine manufacturer Siemens Gamesa wins injunction based on patent infringement, with exceptions for projects already underway
8 September 2022
Gulf laggards catch the sun
Qatar and Bahrain are joining their neighbours in the development of low-carbon projects
7 September 2022
Lithium prices to stay strong until 2024
Prices are expected to fall back as more production comes online in the middle of the decade, says Fitch Solutions
7 September 2022
New UK PM deprioritises climate
Leadership campaign and recent appointment of a climate-change sceptic to lead on energy brief indicate a potential deceleration of the energy transition
6 September 2022
Australia advances coal mine expansion
State government approves doubling of Mount Pleasant mine as it refuses moratorium on new fossil fuel production
2 September 2022
Nuclear SMRs could decarbonise Canada’s oil sands sector
But cost and commercialisation timeframes may prove a barrier to adoption
2 September 2022
Renewable CfDs still in demand despite power price surge
Renewable generators still drawn to price certainty despite lure of soaring spot markets and PPAs
2 September 2022
CCS unfit for net zero – Ieefa
Track record for operating and failed CCS projects indicates perverse incentives to continue or increase emissions, according to Ieefa report
30 August 2022
EU aims to reform electricity markets
European Commission is working on both an emergency intervention and long-term structural reform following high electricity prices
30 August 2022
Charting the global energy landscape to 2050: Sustainable fuels
Sustainable fuels can provide GHG reductions comparable to battery-electric vehicles and are applicable in multiple sectors, according to McKinsey
30 August 2022
Equinor and Wintershall launch major CCS project
Open access pipeline will link north German CO₂ collection hub with offshore storage sites on Norwegian continental shelf
26 August 2022
European majors to spend over a third of capex on low carbon by 2025
Six of the largest European oil and gas firms have set 2025 targets for low-carbon investment as part of their climate transition plans, with goals to increase spending by 2030
26 August 2022
Central Asia taps Saudi funds for renewables push
Saudi Arabia’s Acwa Power makes inroads in Central Asia through investment in renewables and green hydrogen
24 August 2022
EU ETS prices rise on high coal burn, low auctions
Prices in the EU’s emissions trading scheme hit an all-time high last week after an August rally on reduced volumes and an increase in coal burn
22 August 2022
Scotland awards Shetland offshore wind rights
Mainstream Renewable Power, Ocean Winds and ESB pay combined £56mn for option to develop 2.8GW of floating capacity with green hydrogen potential
19 August 2022
Power crisis an opportunity for South African renewables
Accelerating and liberalising solar and wind power procurement is central to the government’s latest pledge to tackle crippling electricity shortages
18 August 2022
Indian hybrid renewables project secures $1bn loan
Loan provided by 12 international lenders is largest to a single renewables project in India, developer Renew Power says
18 August 2022
Developers stay on course for Taiwanese offshore wind
Despite geopolitical tensions and stringent localisation requirements, companies are gearing up for an upcoming offshore wind development tender
17 August 2022
Ratch Group buys Nexif Energy for $605mn
Thai energy firm acquires portfolio of renewables, gas and battery storage from investment firm Denham Capital and project developer Nexif
17 August 2022
Western turbine firms in the doldrums
US and European manufacturers face continued losses up to 2024 due to dwindling orders, project delays and cost inflation
17 August 2022
Independent producers’ scope three dilemma
Is it enough for pureplay upstream firms to concentrate solely on emissions within their control?
16 August 2022
CCUS use must grow vastly to reach net zero
Analysis of scenarios by Transition Economist shows that even recent positive developments are not consistent with required deployment pathways
12 August 2022
RWE raises 2022 renewables spend by 30pc
German utility targets €5bn investment in renewables but confirms temporary restart of lignite power plants to support winter supply
11 August 2022
Orsted optimistic despite rocky Q2
Net loss on Gazprom contract has eaten into the Danish company’s quarterly profits, but it still expects an increase in full-year earnings amid renewables success
11 August 2022
Ipieca launches industry principles
Global oil and gas association’s eight principles are grouped around four strategic pillars of climate, nature, people and sustainability
10 August 2022
Burning developed fossil fuel reserves will exceed 1.5°C carbon budget
Significant proportion of CO₂ from oil, gas and coal assets either producing or under construction must be left unburned, study says
10 August 2022
Vestas expects US order boost from climate act
Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance
10 August 2022
World faces setbacks on energy challenges
Slower-than-expected progress on nuclear power means the world must look elsewhere for decarbonisation options
8 August 2022
US bill on climate passes Senate
The Inflation Reduction Act contains a series of measures to stimulate the low-carbon economy in the US
4 August 2022
India legislates on emissions
Revision of energy conservation bill aims to enshrine updated NDC in law and introduce a carbon market
4 August 2022
Shipping can underpin crucial steps in the energy transition
The industry will have a central role in decarbonising the economy of the future by transporting greener fuels, according to the International Chamber of Shipping
3 August 2022
Australia set to pass climate bill
New Labor government wins support from Greens for bill to reach net-zero emissions by 2050
3 August 2022
US act would expand credits for transition technologies
Bill would provide support to companies involved in the manufacture of wind turbine components, solar panels and EV batteries
3 August 2022
Egypt’s renewables drive shifts focus
Green hydrogen and distributed solar grab investor attention as country prepares for Cop27 climate talks in November
3 August 2022
Shell in talks with Lufthansa over SAF deal
Seven-year agreement with German airline would be Shell’s biggest such contract to date
2 August 2022
Siemens Gamesa’s losses deepen on rising costs
Turbine prices must rise to reflect manufacturers’ costs or risk impact on transition, says CEO
1 August 2022
BP to invest in UK EV battery-testing facility
Project will help develop fluid technologies for managing temperatures in batteries to improve efficiency
29 July 2022
New US bill to unleash rapid clean energy deployment
The Inflation Reduction Act of 2022 includes long-term tax credits for clean hydrogen and carbon capture
29 July 2022
US onshore wind hits post-PTC slump
Second-quarter onshore wind installations fell 78pc year-on-year amid uncertainty around the extension of tax credits and rising costs
29 July 2022
EDPR in €250mn German solar deal
Madrid-based company buys solar developer Kronos to tap accelerating solar growth in Germany
28 July 2022
Europe’s energy storage market stalls
Regulatory barriers and lack of capacity auctions hit growth but RepowerEU seen as supporting market, says Wood Mackenzie
27 July 2022
BP opens first electric truck-charging points
Oil major launches two charging points in Germany aimed at medium- and heavy-duty trucks
26 July 2022
US explores offshore wind in Gulf of Mexico
The government has opened a public consultation on over 730,000 acres proposed for wind energy development offshore Texas and Louisiana
25 July 2022
Iberdrola secures €550mn EIB green loan
Funds will support 1.8GW expansion of onshore wind and solar capacity in Spain
25 July 2022
Solar key to Mozambique’s renewables ambitions
Investor interest grows as government prioritises diversification of energy sources and development of clean power
22 July 2022
UK launches critical minerals strategy
Government plans to diversify supply chains and boost domestic production, refining, recovery and recycling of metals key to the energy transition
21 July 2022
Sizewell C passes planning milestone
EDF expects to take FID on the nuclear project next year
20 July 2022
Renewable generation set for 10pc growth in 2022 – IEA
New capacity is driving up green power production and lowering emissions despite higher coal burn in Europe, IEA says
19 July 2022
UK consults on major power market reform
Government eyes biggest overhaul of wholesale market for 20 years to support transition goals and break price link with gas
15 July 2022
Irena calls time on role of gas in Europe’s transition
Deteriorating economics undermine case for gas-fired power plants as a back-up for renewables, agency says
15 July 2022
Efficiency and SAF key to cutting aviation emissions
Rate of efficiency improvements must be doubled while SAF production must grow fivefold under a net-zero scenario
13 July 2022
Germany confirms temporary reprieve for coal power
Cabinet adopts regulation allowing increased use of coal- and oil-fired generation as Russian gas crisis deepens
13 July 2022
Huge ramp-up in CCUS capacity needed – ETC
Scale-up needed from 37mn t/yr of capture currently to at least 7gt CO₂/yr by 2050, says Energy Transitions Commission
12 July 2022
Air Liquide enters China biomethane sector
French industrial gases company to launch production at new facility in Jiangsu province by end of year
12 July 2022
Equinor buys US battery storage developer East Point Energy
Norwegian energy company to use flexible storage to boost returns from its renewables portfolio
11 July 2022
Repsol boosts investment in transition technology
Spanish energy company unveils two investment funds aimed at accelerating development and application of new technologies
7 July 2022
Denmark invests in biomass pyrolysis for carbon removal
Startup aims to store emissions from waste crops as solid biochar
7 July 2022
UK awards subsidies to 11GW of renewables
Offshore wind beats onshore wind and solar projects as the cheapest source of power awarded
6 July 2022
MEPs vote nuclear and gas as sustainable
European Parliament fails to reject Commission proposal to define some nuclear and natural gas power as sustainable
6 July 2022
UK launches consultation on greenhouse gas removal policy
The government is leaning towards introducing a contract scheme for negative emissions
5 July 2022
UK identifies areas for floating offshore wind
Project development areas will be offered to the market via competitive tender in 2023
5 July 2022
EU and Ukraine must embrace green hydrogen and renewables
Strong and sustained technological, industrial and investment partnership will help accelerate energy independence, say industry associations
4 July 2022
North Africa picks up pace on renewables
Algeria, Libya and Tunisia are looking to free up fossil fuels for export
1 July 2022
US Supreme Court votes to limit EPA’s powers
Ruling constrains regulator’s authority to mandate power generators switch away from fossil fuels
1 July 2022
Japan proposes revamp of offshore wind auction rules
Draft amendments designed to encourage faster development as government frets over 2030 clean power goal
1 July 2022
Rolls Royce secures backing to enter SMR sector
Modular reactors to be available to UK grid by early 2030s as government and equity investors bet on potential of low-carbon power source
30 June 2022
GE loses US patent dispute with Siemens Gamesa
Recent ruling against GE could hobble offshore wind profits in the US, but uncertainty remains over the possibility of further litigation in other markets
29 June 2022
UK must do more on climate targets – CCC
Nation at significant risk of not meeting its fifth and sixth carbon budgets, says climate watchdog
29 June 2022
Offshore wind installations lag government targets
States are ramping up targets, but complex permitting systems constrain developers’ ability to deliver projects at pace, says Global Wind Energy Council
29 June 2022
Equinor and Fluxys study CO₂ pipeline project
Project would pump CO₂ from multiple emitters in northwest Europe to storage sites under Norwegian continental shelf
28 June 2022
EU Council agrees position on energy targets
Council sets binding EU-level targets of 40pc for renewables’ share of the energy mix and 36pc for energy efficiency
28 June 2022
Shell to explore CCS in China with ExxonMobil and Cnooc
The three oil firms have partnered with the provincial government of Guangdong to assess options for a 10mn t/yr CCS hub in Daya Bay
27 June 2022
QatarEnergy joins methane reduction initiative
Firm joins other oil and gas giants in drive to reach near-zero methane emissions from operated assets by 2030
24 June 2022
Brookfield transition fund hits $15bn
Fund aimed at decarbonising industries and scaling up clean energy is largest of its type dedicated to transition, asset manager says
24 June 2022
India solar scale-up must include storage
Solar is the best option for India’s transition, but deployment of battery storage is needed to maximise its potential, industry figures tell event in New Delhi
24 June 2022
Norway seeks talks on cross-border carbon trade
Energy minister Terje Aasland stresses importance of movement of CO₂ across national boundaries to success of CCS
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