Finance & Investment

The Egyptian Electricity Transmission Company (EETC) will sign an agreement to build a 1,100-megawatt wind farm with Saudi Arabia’s ACWA Power, Arab News reported. EETC sources said the project is worth more than $1.2 billion and will be implemented in phases. According to sources, EETC will pay 2.85 cents per kilowatt hour. The initiative will operate …

Saudi Company ACWA Power to Implement Renewable Projects in Egypt Read More »

In the next couple of years, Turkey’s total investment in renewable energy will amount to $5 billion, Mustafa Yilmaz, head of the Turkish Energy Market Regulatory Authority (EPDK), said last week, Daily Sabah reported. Yılmaz said the process of distributing 2,782 megawatts (MW) of new wind and solar power capacity has been completed. He noted …

Turkey Plans to Invest $5 Billion in Green Energy Read More »

In the Eurasian space, Kazakhstan shows the fastest and most active start in the issue of financing green transformation. By the beginning of 2022, the volume of capital raised for these purposes is much more than in other countries of the region, Forbes Kazakhstan reports. Kazakhstan also has a more green transformation-ready infrastructure and legal …

How Kazakhstan Plans to Merge Nuclear Power and Renewables Read More »

Despite an unclear income picture, the US government is investing in nuclear energy. While many criticize Biden for subsidizing a business with such high expenses when the funds might be used to grow the renewable energy sector, the state insists that this is a vital step to fulfill net-zero ambitions and bridge the energy transition …

U.S. Attempts to Reach Its net-zero Ambitions via Nuclear Energy Read More »

Renewable energy stocks soared as oil prices were momentarily above $100, with Russia’s invasion of Ukraine bolstering the case for building renewable energy capacity, according to observers. Light crude oil prices were up around 2% Thursday afternoon, just shy of $94 per barrel, after reaching $100 earlier in the day. Stocks fell generally, with the …

Russian Invasion Has Boosted The Value of Renewable Energy Stocks Read More »

The largest-ever US sale of offshore wind development rights – for regions off the shores of New York and New Jersey – garnered record-setting bids on Wednesday from firms hoping to be a part of President Joe Biden’s ambition to establish a flourishing new domestic sector, according to Aljazeera. It is the first offshore wind …

The US Offshore Wind Auction Draws Record-Breaking Bids Read More »

Recent energy-related news has been dominated by stories of shortages of, well, everything. Oil prices have risen into the mid-$90s per barrel as demand far outstrips supply. Global supplies of diesel are dwindling as the refining sector struggles to meet demand. Natural gas prices in the United States have risen by 25% in the last …

The Energy Industry is Suffering Due to a Lack of Supply Read More »

Decarbonization at the scale required to satisfy global warming mitigation objectives would need a major redesign of global infrastructure. Heavy industry is a significant and sometimes disregarded component of the problem. Bill Gates, the co-founder of Microsoft, has conducted a substantial study on the subject. Gates noted in his 2021 book, “How to Avoid a …

Bill Gates Backs Energy Storage Startup to Help Heavy Industry Go Green Read More »

Energy is now Europe’s top-performing sector this year, with a 12-percent gain for the sub-index early on Monday, after bank stocks fell on the Russia-Ukraine conflict, pulling down the bank index to an 11-percent year-to-date gain. Financial stocks in Europe plunged early on Monday as tensions over Ukraine escalated, amid worries that prospective penalties against …

Energy is Now The Best-Performing Market Sector in Europe Read More »