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Wall Street Journal ($): Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter. Members of the board—which includes three directors successfully nominated by an activist investor […]
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Renewables Now: African-focused energy firm Chariot Ltd (LON:CHAR) and Mauritania’s Ministry of Petroleum, Mines and Energy have signed a memorandum of understanding (MoU) for a green hydrogen project of up to 10 GW in the northwestern African nation, the parties announced on Monday. Project Nour is estimated to represent an investment of up to USD […]
IEEFA
PV-Tech: A 10.5GW solar-plus-wind project is under development in Morocco’s Guelmim Oued Noun region, with 3.6GW of this to be exported to Great Britain. Xlinks – the company behind the Morocco-UK Power Project – said the project is capable of generating for an average of 20+ hours a day, taking advantage of the high solar […]
Ana Maria Jaller-Makarewicz, Arjun Flora and Press Release
Spain’s gas regulations benefit Enagás and burden consumers
September 15, 2021 (IEEFA) – Empresa Nacional de Gas (Enagás) has benefited from a “security and diversity of supply” strategy as an excuse to build or expand liquefied natural gas regasification terminals, natural gas pipelines and gas storage facilities. The resulting overcapacity has meant low utilization rates for gas infrastructure assets in Spain, as well […]
Ana Maria Jaller-Makarewicz, Arjun Flora and Press Release
La regulación del gas en España beneficia a Enagás y perjudica a los consumidores
15 de septiembre de 2021 (IEEFA) – La Empresa Nacional de Gas (Enagás) se ha beneficiado de una estrategia de «seguridad y diversidad del suministro» como excusa para construir o ampliar plantas de regasificación de gas natural licuado, gasoductos de gas natural e instalaciones de almacenamiento de gas. Según un informe del Instituto de Economía […]
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Reuters: South Africa faces “another era of isolation” if it persists with coal power generation, the chief executive of state-owned utility Eskom said, arguing a pivot to cleaner energy would boost the competitiveness of the country’s exports. Chief Executive Andre de Ruyter made the comments in Eskom’s annual report for the year ended March 2021, […]
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ReNews.biz: Swedish-based impact investment platform Trine is collaborating with Solarise Africa, a pan-African energy leasing company, to invest in renewable projects on the continent. The first debt financing round provided by Trine will finance five solar projects in South Africa and Kenya. Demand for on-site renewable energy assets is growing rapidly as businesses are faced […]
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The Guardian: The finance minister of Iraq, one of the founding members of the global oil cartel Opec, has made an unprecedented call to fellow oil producers to move away from fossil fuel dependency and into renewable energy, ahead of a key Opec meeting. Ali Allawi, the deputy prime minister and finance minister of Iraq, […]
IEEFA
Bloomberg ($): Eskom Holdings SOC Ltd., which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending 106 billion rand ($7.2 billion) on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition […]
IEEFA
The Ethiopian Herald: Ethiopian Electric Power stated that the country has planned to build 71 power projects demanding over 40 billion USD over the next 10 years. Ethiopian Electric CEO, Andualem Siae said the project cost is expected to be covered by private and public partnerships, the African Development Bank, the World Bank, other development […]
IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays
The green hydrogen industry needs more government backing to reach demand goals24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]