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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 […]
IEEFA
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 […]
IEEFA
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 […]
Guest Commentary: Yong Por
The green hydrogen industry needs more government backing to reach demand goals
24 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 […]
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Greentech Media: In one of the U.S. renewable energy market’s biggest deals in a challenging year, Masdar is set to acquire a 50 percent stake in a 1.6-gigawatt portfolio of advanced wind, solar and energy storage projects from EDF Renewables North America. The deal, expected to close later this year, represents a new front in […]
IEEFA
The Times of Israel: The Energy Ministry on Sunday asked the National Planning and Building Council to slash its plans for new gas-fired power stations by more than half in a move welcomed by both the Environmental Protection Ministry and civilian campaigners for more renewable energy. The ministry asked the planners to strike off four […]
IEEFA
PV Tech: A consortium including Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoSolar development arm JinkoPower have been formally announced as the winning party behind the world record low tender for the 2GW Al Dhafra solar farm. Having won the hotly-contested contract, the parties will now work to bring forward the project following […]
IEEFA
Haaretz: Gilad Yavetz, CEO of Enlight Energy, called it “an energy revolution” for Israel. On Tuesday, his company and two others were awarded the country’s first-ever contract to build photovoltaic power stations backed up by battery storage that will generate electricity at a lower cost than fossil fuels. Enlight, Doral Group and Ellomay Capital, all […]
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 […]