The world’s solar power capacity has risen dramatically in recent years, as governments have invested in a green transition and energy companies have taken advantage of favourable renewable energy policies. In addition to the growth in utility-scale solar power, more households across a wide range of countries have invested in …
Read More »Middle Eastern Oil Giants Go on LNG Buying Spree
With strong government backing and billions of dollars at their disposal, Middle Eastern oil giants are aggressively expanding into the global liquefied natural gas (LNG) market, aiming to nearly double their LNG capacity within the next decade. Companies like Saudi Aramco, Abu Dhabi National Oil Co. (ADNOC) and QatarEnergy are …
Read More »China Snubs U.S. Energy in Trade Pause
Despite the trade talks breakthrough the United States and China announced earlier this week, Chinese imports of U.S. energy will remain at near zero levels, at least over the summer, while the world’s two biggest economies are negotiating a possible trade deal. The U.S. and China on Monday announced a …
Read More »China’s Falling LNG Imports are a Boon for Europe
Europe’s gas storage levels this week reached an uncomfortably low level of some 34% full. Germany’s alone has dropped to 29%. Yet LNG imports are about to pick up and, for a change, prices might not surge—thanks to China. Earlier this month, Kpler data showed that China’s imports of liquefied …
Read More »Global Offshore Wind Expenditure Projected to Hit $80 Billion in 2025
The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19 gigawatts (GW) and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy. This recovery follows a slowdown at the end of last year, when new installations dropped …
Read More »Wind Power Stalls as Coal Holds Strong in EU
The European Union has been funding wind power as a priority in energy policy. Buildout has been fast and sizable—and yet the bloc remains more dependent on coal than wind. This dependence could deepen instead of vanishing because the pace of new capacity additions is slowing down. Last year, the …
Read More »Canada’s Bold Bet on Nuclear Energy
Alongside several other major world powers developing new nuclear projects, Canada plans to rapidly expand its nuclear power sector to contribute heavily to the country’s energy demand. Nuclear power contributes around 15 percent of Canada’s energy at present. However, with plans to develop several new nuclear facilities, this figure is …
Read More »China Boosts Coal and Gas Consumption as Power Demand Nears Record High
China is ramping up coal and natural gas production, imports, and consumption as its electricity demand jumped in the year’s second half and looks to hit a record-high winter peak demand. Chinese authorities have been keen to avoid a repeat of last year’s shortages and spiking prices and have instructed …
Read More »China Set to Remain Dominant Power on Solar Market
China, the largest producer of solar technology and the largest user of that technology, will continue to dominate the industry over the next three years. This is according to a new report from Wood Mackenzie that forecasts that as much as 80% of the global production capacity in polysilicon, solar …
Read More »China’s Solar Boom: Capacity Set to Hit 1 TW by 2026
China’s solar sector is set to break records in the coming years . When installed capacity crosses the 500 gigawatts (GW) mark by the end of 2023, it will have taken 13 years to reach that milestone. That total, however, will be doubled to 1 terawatt (TW) in just three …
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