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PV Tech: French energy major Total has signed an agreement with Iraq’s Ministry of Oil to develop a host of energy projects in the country, including 1GW of solar PV. The agreement, which builds on discussions between Total and the Iraqi government that began in October last year, has seen the two entities agree on […]
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Utilities Middle East: Masdar and the Government of Ethiopia, are exploring the development of solar power projects with a total capacity of 500 megawatts (MW), along with the related grid infrastructure across Ethiopia. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Ahmed Shide, Ethiopia’s Minister of Finance, signed a Memorandum of Understanding (MoU) […]
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PV Tech: Masdar has signed an agreement with Malaysian state-owned energy firm Petronas to explore the development of large-scale solar projects in Asia and the Middle East. A new memorandum of understanding will see the two companies work together to participate in solar and wind opportunities for utilities as well as commercial and industrial customers, […]
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Reuters: Iraq is seeking international investors to build seven solar power plants, with a total capacity of 750 megawatts (MW) as it aims to develop its renewable energy potential. Keen on expanding its small power generation capacity, Iraq is in talks with some of the international companies, including French Total and Norwegian companies to discuss […]
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Recharge: Amazon led the field of businesses buying green power last year as global corporate renewable energy deals hit a record 23.7GW despite the Covid pandemic, said latest annual figures from BloombergNEF. The web shopping giant signed 5.1GW of wind and solar corporate power purchase agreements (PPAs) in 2020, passing Google as the world’s largest […]
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PV Magazine: Israel’s cabinet has approved a plan submitted by energy minister Yuval Steinitz to deploy around 15 GW more solar capacity to help raise the 2030 target for the proportion of national electricity drawn from renewables from 17% to 30%. An intermediate target of 20% has been set for 2025, and by the end […]
Press Release and Melissa Brown
Hope springs eternal for Chinese demand but reality suggests bleak forecast for new projects
October 19, 2020 (IEEFA)— The Conference Board of Canada, an Ottawa-based research organization, has doubled down on a bad hand, according to an analysis by the Institute for Energy Economics and Financial Analysis. The Conference Board’s report, A Rising Tide: The Economic Impact of B.C.’s Liquified Natural Gas Industry, claims an expansion of the British […]
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Wall Street Journal ($): Saudi Arabia is considering canceling OPEC plans for an oil output hike early next year, senior Saudi oil advisers said, as Covid-19 cases in many parts of the world rise and the expected return of Libyan crude threatens to swell global supplies. In April, the 13-member, Saudi-led Organization of the Petroleum […]
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Oilprice.com: Libya has restarted production at its largest field, Sharara, as peace talks began between eastern and western forces. The national Oil Corporation announced it had lifted the force majeure on Sharara after reaching an agreement with the Petroleum Facilities Guard to “end the entire obstacles that face Al Sharara Field in a way that […]
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Platts: Over the next decade, global natural gas demand will grow at a slower pace as the industry responds to emerging financial and policy pressures brought on by the coronavirus pandemic. A broad slowdown in energy demand caused by the pandemic will bring about an earlier-than-anticipated reckoning for the fossil fuels industry, according to the […]
IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink
Hope springs eternal for Chinese demand but reality suggests bleak forecast for new projectsOctober 19, 2020 (IEEFA)— The Conference Board of Canada, an Ottawa-based research organization, has doubled down on a bad hand, according to an analysis by the Institute for Energy Economics and Financial Analysis. The Conference Board’s report, A Rising Tide: The Economic Impact of B.C.’s Liquified Natural Gas Industry, claims an expansion of the British […]