Inpex to submit a revised environmental plan for a large CCS project offshore Australia
A company spokesperson said that Inpex, Japan's carbon capture and storage project (CCS), which is a proposed 8 million ton per year?Bonaparte Carbon Capture and Storage (CCS) off the north coast of Australia will submit an updated environmental plan. The spokesperson stated that the company withdrew its plan on Sunday from a portal used to solicit public comments about major projects while it waited for details of the new environmental laws. The spokesperson stated that Inpex was "fully committed" to the progress of the project and would resubmit it once the legislative amendments were finalised.
Heat inequality: A study measures the impact of climate change on Rio de Janeiro's favelas
Every summer, Michele Campos cries when the temperatures in Rio de Janeiro rise above 40degC. The cement in the favela Chapeu Mangueira (where she lives) is heated up and makes her life in the windowless bedroom unbearable. The 39-year old said, "Sleeping's the worst." In the favela, we feel the heat differently than people who have air conditioning. Researchers at Utrecht University, in the Netherlands, along with local partners are trying to understand how extreme heat?strains livelihoods for the 1.3 millions people…
Engie continues to invest in Middle East renewables, as the momentum in US and Europe slows
Engie has reached the 'financial close on a 1.5 Gigawatt solar park, its largest in the world, said the French utility on Monday. The company is stepping up projects in the Middle East, a fast-growing market, amid a slowdown of renewable energy in the U.S. The Khazna Park is set to start commercial operations in the year 2028. It will provide electricity for 160,000 homes throughout the United Arab Emirates, under a 30-year agreement with Emirates Water and Electricity Company. The financial closing of a project means that all funding agreements have been signed and the project is now able to spend the money.
Masdar and Engie, both from the UAE, reach financial closure on the 1.5 GW Khazna Solar Project
Masdar, a UAE-based company, and Engie, a French company have completed a 1.5-gigawatt project in Abu Dhabi. They secured financing from seven banks including the?Abu Dhabi Islamic Bank? and?Credit Agricole Corporate? and?Investment Bank?. According to the companies, this group includes KfW IPEX as well as BNP Paribas and HSBC. Abu Dhabi's Emirates Water and Electricity Company awarded Engie and Masdar this project in October. The companies signed a 30-year Power Purchase Agreement. The partners will finance, design, build, and operate the plant in the Al Khazna region of Abu Dhabi. They will install nearly three million 'panels.
According to a consultant, India's leading renewable state will need more coal by 2036.
According to a government report, Rajasthan will require 4,400 megawatts by 2036 in order to "meet the rising electricity demand" despite India's leading renewable energy producer adding more?"clean energy" as it retires older thermal plants. According to a letter from the Central Electricity Authority (a think-tank of the federal ministry of power), the earlier estimate of 1,900MW coal-fired energy for Rajasthan has been more than doubled. The document revealed that Rajasthan was preparing to retire 1,350 MW of its old coal-fired power plants. Central Electricity Authority has not responded to a request for comments on the letter.
Philippines discovers first natural gas in over a decade
The Philippine President Ferdinand Marcos Jr announced on Monday that gas and condensate were found in a well near the existing 'Malampaya' gas field, off the island Palawan. This was the first natural gas discovery by the Philippines in over a decade. Marcos stated that the well, known as 'Malampaya East One or MAE-1', contains about 98 billion cubic foot of gas. This is equivalent to nearly 14 billion kWh in one year. Initial test results showed that the well was flowing at 60 million cubic foot per day. The well is capable of producing even more.
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after exports and production of super-chilled fuel broke records and generated billions in revenue across the global supply chain. Gas sellers were encouraged by the 25% increase in LNG purchases in Europe. This was an important development and raised expectations that gas consumption in countries like Germany, Italy and United Kingdom will continue to grow in 2026. Three of the five largest LNG buyers in the world - all from Asia - are reducing their imports, which has raised concerns among exporters who hope to sell the increased volumes of LNG that will be available this year.
German contracts benefit from rising gas and carbon prices
German power contracts for the year ahead traded higher on Friday. They followed gains in carbon permits and gas contracts, as temperatures are forecast to be below average for the rest of January. By 0855 GMT, the German baseload year-ahead rose by 0.9% to 87.9 euros ($101.12 per megawatt-hour). The French equivalent has not yet started trading following its?closing? at 50.65 euros/MWh. Europe's benchmark contract for gas was up 2.1% to 34.51/MWh. This extended Thursday's gains, as cold weather forecasts caused supply concerns.
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after the production and exports of super-chilled fuel broke records and generated billions in revenue across the global supply chain of liquefied gas. The 25% increase in LNG purchases in Europe was a major highlight. This gave gas sellers hope that gas consumption in countries like Germany, Italy and the United Kingdom will continue to grow in 2026. Three of the top five LNG buyers - all in Asia - are reducing their imports, which has raised concerns among exporters who hope to sell the increased volumes of LNG that will be available this year.
India's clean-energy industry opposes the revocation due to delays
NEW DELHI (Jan 15) - India’s renewable energy groups objected to a proposed regulatory measure that could strip developers from interstate transmission system connectivity if they fail to sign long-term power purchasing agreements in a timely manner, according?to letters sent?to India’s power regulator. The groups said that the Central Electricity Regulatory Commission (CERC)'s move would unfairly punish projects that are stalled due to reasons outside their control. According to a CERC staff document published in November, more than 45 GW renewable capacity has grid connectivity on the basis of letters?of award.
Sources say that the US will finalize biofuel quotas for 2026 by early March and drop import penalties.
According to 'two sources who are familiar with these plans, the administration of Donald Trump intends to finalize biofuel blending targets for 2026 by early March. They will keep them close to their initial proposal, while dumping a plan that penalized imports of renewable feedstocks and fuels. The plan, if finalized by the administration of President Donald Trump, would represent a partial compromise among rival oil and agricultural industry groups. It would preserve increased blending targets that biofuel producers sought while dumping a proposal U.S. refiners had warned would disrupt markets and increase costs. U.S.
India's clean-energy industry opposes the revocation due to delays
NEW DELHI (Jan 15) - India’s renewable energy groups objected against a proposed regulatory measure that could 'deprive developers of interstate system connectivity if they fail to sign long-term power purchase agreements in a timely manner, according to letters sent to the power regulator. The groups said that the Central Electricity Regulatory Commission (CERC)'s move would unfairly punish projects that are stalled due to reasons outside their control. In a CERC staff document published in November, it was stated that more than 45 GW renewable capacity has grid connectivity on the basis of letters of award.
Climate activist shareholder group pushes BP, Shell on plans for declining oil demand
The group Follow This, a climate activist shareholder group, and more than?20 investors filed resolutions on Wednesday asking BP and Shell how they would create value if the global demand for gas and oil declined. The resolutions are a strategic change on the part the Dutch activist group. In April, it announced that it had been forced to stop its campaign to get major oil and gas producers to commit to emissions reductions due to a lack investor interest. Follow This filed climate resolutions during shareholder meetings starting in 2016. It received peak shareholder votes of 80% in the following years at Phillips 66 and 60% at Chevron.
Masdar and EPCG in Montenegro to explore a joint venture for renewables
Montenegro’s state utility EPCG, and United Arab Emirates’ state-owned Masdar will explore establishing a joint venture to develop large-scale renewable energy projects in the Balkans. The ministry stated that the potential partnership would focus on projects in solar power, wind, hydropower and battery storage, as well as hybrid systems. Its goal is to meet the domestic demand for green energy and export it to the Balkans, Southeast Europe and Italy via the existing undersea connection between Montenegro and Italy.
Climate activist shareholder group pushes BP, Shell on plans for declining oil demand
The group Follow This, a climate activist shareholder group, and'more than '20 other investors filed resolutions on Wednesday calling on BP to explain how it will generate value if the global demand for gas and oil declines. The resolutions are a strategic change on the part the Dutch activist group. In April, it announced that it had to suspend its campaign to get major oil and gas companies to commit to emission?cuts due to lack of investor interest. Follow This filed climate resolutions during shareholder meetings starting in 2016. In the following years, it received a peak of shareholder votes - 80% for Phillips 66 and 60% for Chevron.
Nigeria invests $2 billion to support energy transition
Nigeria's energy transition is being driven by green finance. The president announced plans on Tuesday for a $2 billion climate fund, saying that the oversubscribed green bond was proof of investor interest. Bola Tinubu, speaking at the Abu Dhabi Sustainability Week Summit, said that Nigeria's Climate Investment Platform was aiming to mobilize $500 million to build climate-resilient structures, and the National Climate Change Fund aims to raise $2 billion to fund?projects to reduce emissions and increase resilience. Tinubu announced that Nigeria and United Arab Emirates had signed a Comprehensive Economic Partnership Agreement.
JERA is on track to achieve 20% co-firing of ammonia at Hekinan Coal Power Plant in FY29
The head of the plant said that JERA, Japan's largest power generator, is on track to achieve a 20% ammonia-co-firing in fiscal 2029 at one unit?of?its Hekinan Thermal Power Station. This will be the first commercial use for ammonia as fuel. Mitsutaka ban, the head of Japan's biggest coal-fired plant, spoke to reporters during a presentation at the 4.1 gigawatt central Japan plant. Four large ammonia storage tanks are being built in the project. The project is still moving forward despite the waning momentum of global energy transition.
Morocco targets $10 billion AI contribution by 2030
The?minister responsible for digital transition announced on Monday that Morocco targets a boost of 10 billion dollars ($100 billion) to its gross domestic product by 2030 from artificial intelligence. This is as the country increases its investment in cloud services, training programs, and sovereign data centers. Amal El Fallah Seghrouchni, Moroccan Minister of Education, told a Rabat conference that Morocco's current GDP is around $170 billion. The country plans to invest in artificial-intelligence centres, which will be linked to the private sector and universities, as well as integrate AI into government administration and industry.
Egypt signs renewable energy contracts worth $1.8 billion
State TV reported that Egypt had signed renewable energy contracts worth $1.8 billion. Contracts were signed with Scatec, a Norwegian renewable energy developer and Sungrow from China. Officials say that without international support, Egypt's goal of having renewable energy make up 42% or its electricity mix by 2030 is at risk. Scatec will build a solar power plant in Upper Egypt’s Minya to produce electricity and energy storage stations, according to a statement from the Egyptian cabinet. The system would be able to generate 1.7 gigawatts and store them in battery systems that have a total capacity of four gigawatt-hours.
German spot prices rise as output of renewable energy falls
German day-ahead electricity prices increased on Monday, as the expected decrease in renewables generation offset an anticipated decline in demand. LSEG data shows that German baseload day-ahead was up?38.9% to?123 Euros ($143.70 per megawatt hour) at 0944 GMT. Data showed that the equivalent French price had risen by 35.2%, to 121 Euros. Naser Hashemi of LSEG, a LSEG analyst, predicted that residual load in Germany will be almost 10 GWh/h more than the previous day, until about 5 p.m. He cited lower renewables as a factor that would boost 'German power prices.