The $4.4 billion project is expected to increase the share of Dubai’s clean energy to 25% by 2030, allowing a saving of 1.6 million tonnes of carbon dioxide.
Read More »Saudis React to Economic Squeeze
Saudi Arabia and the UAE introduced the five percent Value Added Tax (VAT) in January of 2018, a first for the Persian Gulf region which had long prided itself on its tax-free, cradle-to-grave welfare system. On the same day, Saudi Arabia announced a petrol price hike of 127 percent.
Read More »Trade Exchange Between Iran, Venezuela has Nothing to do with Anyone Else
Iranian Government Spokesman Ali Rabiei said that trade volume exchange between Islamic Republic of Iran and Venezuela, as two independent countries in the world, has nothing to do with anyone else, and the Islamic Republic of Iran will not hesitate to sell its oil.
Read More »OPEC’s Top Official Optimistic that the Worst of Oil Demand Crisis is Over
OPEC is cautiously optimistic that the worst of the oil crisis triggered by the coronavirus pandemic is over, said the group’s top official. The outlook for the market in the second half of the year is starting to look more encouraging as the global economy recovers, said Mohammad Barkindo, secretary-general …
Read More »EV Drivers to Trial New Charging Technologies in Milton Keynes
The Domestic Energy Balancing EV Charging project is exploring cost-effective ways to reduce electricity demand on power networks through household-based EV charging systems.
Read More »ScottishPower to Add 165MW of New Wind Power Capacity to Central Scotland
The energy company will develop two wind farms in South Lanarkshire, with the potential to power 100,000 Scottish homes with clean energy.
Read More »Wärtsilä and Uniper to Build 105MW Combined Heat and Power Plant in Germany
The facility, which will replace an existing coal-fired power plant will supply heat to Bremen’s district heating network and feed electricity into the grid.
Read More »Increasingly Severe Weather Caused by Climate Change Threatens Grid Operations
That’s according to new research from Accenture, which is based on a survey of more than 200 electric utility executives from 28 countries.
Read More »Equity Fund Manager Kerogen Capital to Assess Floating Wind-Powered Oil and Gas Platforms
The partnership seeks to improve the performance of offshore facilities by substituting hydrocarbon-powered oil and gas production platforms with floating wind systems.
Read More »Duke Energy Teams Up with City of Charlotte to Expand Solar Energy in North Carolina
The city has become the first US municipality to execute a renewable power agreement under its Green Source Advantage programme.
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