Engineers say that Iraq's gas supply from Iran, which was halted for a while, is expected to resume within a week.
An?engineer from the?electricity ministry said on Wednesday that Iraq's gas supply from Iran should resume within a few days. The electricity ministry announced on Tuesday that gas flow from Iran has been stopped due to the shutting down of some generators and the reduction of load in others. As a result, the ministry reported that between 4,000 and 4,500 megawatts have been lost in?the electric system.
Japan tightens regulations on mega-solar project to protect landscape and nature
Officials from the Japanese government have announced that they will tighten regulations, and stop financial support for large-scale projects of solar energy to protect the?environment and preserve landscapes. This is part of the package of countermeasures against mega-scale solar farms that was endorsed by the Japanese government on Tuesday. It also aligns with Prime Minster Takaichi, who has called for limits to large solar projects.
US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts for more demand than previously expected over the next two weeks.Front-month gas futures for January delivery on the New York Mercantile Exchange rose 15.3 cents, or 4%, at $4.105 per million British thermal units by 08:59 AM ET. Priced ended 0.5% lower on Monday.
Spot prices fall on the back of low demand before holidays
European prompt electricity prices fell on Tuesday due to a combination of?rising renewables output, high French nuclear power supply and weak consumption before Christmas holidays. In a research report, Riccardo Paraviero, LSEG's analyst, said that the outlook for tomorrow is "undoubtedly" bearish due to a significant drop in demand as compared with the previous week. LSEG data…
Japan will provide $1.3 billion of investment subsidies to clean-energy users
A government official announced late on Monday that Japan will provide 210 billion Japanese yen (1,34 billion dollars) to companies using clean energy to fund their investments. The goal is to increase demand for renewable energies and stimulate?growth throughout the region. The subsidies will help to reduce the country's reliance on fossil fuels and reach its clean energy goals.
FEATURE-AI data explosion in Mexico fuels rise of dirty energy
The country's power infrastructure is overloaded and pollution has increased due to the shortfall in green power, despite promises by government and industry to increase capacity. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers, which consume a lot of energy. These servers power the most powerful technology companies, like Microsoft, Google, and Amazon.
AI data explosion in Mexico fuels growth in dirty energy
The lack of green power, despite promises by government and industry to increase capacity, has overloaded and increased local pollution. Masheika Allgood is the founder of AllAI Consulting. She provides information on data center environmental impacts. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers, which consume a lot of energy.
Afreximbank and Heirs Energies sign a $750 million financing agreement to boost Nigeria's gas and oil output
The African Export-Import Bank and Heirs Energies Ltd signed a $750 million financing agreement on Monday to fund the 'field development program' in Nigeria and strengthen the capital structure of the energy firm. Afreximbank arranged a dual-tranche senior secured, reserve-based loan facility that will support Heirs Energies in its growth strategy, as it seeks to increase oil and gas production.
Battery boom sparked by China's energy reforms and global data centres
The Chinese energy storage manufacturers are booming as a result of the revamping of China's electric market. According to one estimate, Chinese firms will see a 75% increase in global shipments this year of lithium-ion batteries for energy storage. They have exported more than $65 billion worth of storage and electric-vehicle batteries this year, cementing their dominance in a…
The price of gas in Europe is rising due to a decline in wind power production
Dutch and British wholesale prices for gas edged up on Friday as forecasts of lower wind output boosted demand for 'gas from power plants. But solid supply capped the gains. LSEG data shows that the benchmark Dutch front-month contract was up 0.70 Euros at 28.05 euros per Megawatt Hour (MWh) or 9.63/mmBtu at 0918 GMT. The Dutch February electricity price increased by 0.38 euros to 27.43 euros/MWh. The British day-ahead contracts was up 1.85 pence to 72.75 p/therm.
Japan will increase public funding for nuclear power renewal
Japan has announced plans to increase public funding for its crippled nucleopower sector. This is essential, say experts, to kick-start an industry that was previously financed by utilities owned by shareholders. Japan closed all 54 reactors in the wake of the 2011 Fukushima nuclear disaster. The public was concerned about safety standards and shut them down. Only 14 out of 33 reactors…
What is Fusion Energy, the Quest that Trump Media is so enamored with?
Scientists and businesses have tried for decades to harness the fusion energy that powers the sun to produce electricity on Earth. The $6 billion merger announced on Thursday between U.S. president Donald Trump's Trump Media and Technology Group and?Google-backed TAE technologies is the latest development for an industry still a long way from commercialization. What is Fusion? The…
Poland allocates 3.4GW of offshore wind power in its first auction
?Poland's energy regulator URE announced on Thursday that 3.4 gigawatts of capacity were allocated in the first?competitive auction for offshore wind power. URE reported that the auction resulted in 25-year contracts with a range of prices between 476.88 zlotys (133.09 dollars) and 492.32 zlotys for each megawatt hour. As a test of investor confidence for?offshore investment? after…
JETP estimates Indonesia requires $92 billion for decarbonising the captive power sector by 2050
In a recent report, the Just Energy?Transition Partnership stated that Indonesia will need to invest an estimated $31 Billion by 2030 and a total $92 Billion by 2050 in order to switch?to a greener energy sector in its captive power sector. In recent years, the captive power sector in Southeast Asia, which includes?electricity production?developed by industry for its own use, has expanded rapidly, especially in nickel industrial estates.
In Poland's 2030 climate plan, renewable energy will make up 51-53% of the power mix.
The energy ministry said that Poland aims to have 51%-53% of its electricity mix made up by renewable energy sources by 2030. This is according to a draft version of the national energy and climate plans, which Warsaw will submit to the European Commission. The range of policy scenarios is higher than the 30% Poland announced a year ago, but still slightly lower than the 56% Poland predicted a year ago, as natural gas will now be used to generate more electricity.
TotalEnergies sold 50% of the Greek renewables portfolio to TotalEnergies for 254 millions euros
PARIS, December 17 - TotalEnergies, the French oil major, has agreed to sell 50% of its 424 megawatt portfolio of Greek wind and solar assets to Asterion Industrial Partners of Spain for 254 millions euros ($297.36million), according to an announcement made on Wednesday. It said that the deal valued the portfolio at 508 million euros or approximately 1.2 millions euros per megawatt installed.
ReNew signs pact to build solar project of 150 MW in India with Google
India's ReNew Energy Global announced on Tuesday that it had signed a long-term deal with Alphabet to develop a 150-megawatt project in the western Indian state of Rajasthan. The agreement is in line Google's aim to be entirely carbon-free by 2030. India also wants to double the capacity of its non-fossil fuel power generation to 500 gigawatts before the end decade. Other?U.S. Other?U.S.
Sonnedix secures contracts in Italy for 805 MW solar power
Sonnedix, a renewable energy company backed by JP Morgan and sponsored by three Italian government schemes, has been awarded contracts to install 805 megawatts in solar capacity under three different government schemes. Solar power, considered easier to develop than wind projects because of Italy's geographic characteristics, is playing a key role in the energy transformation in Italy. The country has become one of Europe's leading producers of clean energy.
Kyivstar, Ukraine's largest mobile network operator, purchases solar power plant for increased resilience
Kyivstar, Ukraine's mobile operator, announced on Tuesday that it has?acquired? solar power company Sunvin 11?as it steps up energy investments to keep its network running amid Russian attacks against the country's grid. Kyivstar is Ukraine's largest mobile operator, which offers digital?healthcare, entertainment and other services. It has added backup?capacity as well as alternative…
Prices fall despite short-term bullish factors
The European spot electricity prices fell on Tuesday despite lower renewables and nuclear supplies and an increase in consumption?in France - as demand decreased across the region. LSEG analysis identified increasing thermal power as a market factor, which?overall?worked to bring down levels in Germany & France. LSEG data shows that the French baseload day-ahead was priced at 95 euros ($99.88 per megawatt hour) at 0940 GMT. This is 4% lower than at the previous close.