(Bloomberg) Soaring temperatures in one of the world’s top energy-producing regions could drive fuel prices higher as countries there burn more oil and natural gas to keep homes cool.
Saudi Arabia, the United Arab Emirates and Kuwait are all experiencing weather that’s hotter than normal.
South Africa Seeks Additional Power From Private Producers
Jun 03 2021, 8:30 PM
June 03 2021, 12:43 PM
June 03 2021, 8:30 PM
(Bloomberg) South Africa is seeking additional electricity from private contractors as the government of Africaâs most-industrialized nation moves to address longstanding power outages.
(Bloomberg) South Africa is seeking additional electricity from private contractors as the government of Africaâs most-industrialized nation moves to address longstanding power outages.
The government has asked the companies it previously contracted to supply electricity from privately-owned plants if they can sell more. The latest program is designed to run for three years and may benefit renewable energy plants that already won the right to supply electricity.
EU Parliament Approves $21 Billion Fund for Green Transition
May 19 2021, 2:58 PM
May 18 2021, 10:38 PM
May 19 2021, 2:58 PM
(Bloomberg) The European Parliament gave its final approval to a 17.5 billion euro fund that will help the most coal-dependent European Union regions shift to a climate-neutral economy.
(Bloomberg) The European Parliament gave its final approval to a 17.5 billion euro fund that will help the most coal-dependent European Union regions shift to a climate-neutral economy.
The vote on the Just Transition Fund comes less than a week before a May 24-25 summit of the blocâs heads of government, who will discuss how to reach stricter 2030 climate goals. The 27-nation EU is tightening its emissions-reduction policies under the Green Deal, an unprecedented overhaul that envisages slashing greenhouse gases by at least 55% by the end of this decade from 1990 levels, and zeroing them out by the middle of the century.
May 19 2021, 8:21 PM
May 19 2021, 3:15 PM
May 19 2021, 8:21 PM
(Bloomberg) Kenya Electricity Generating Co., Africaâs geothermal pioneer, plans to raise $1.95 billion to build new, and upgrade existing plants in a bid to almost double its power output from the renewable fuel.
(Bloomberg) Kenya Electricity Generating Co., Africaâs geothermal pioneer, plans to raise $1.95 billion to build new, and upgrade existing plants in a bid to almost double its power output from the renewable fuel.
KenGen, as the Kenyan state-owned company is known, plans to add 651 megawatts from underground steam in the next five years, said Cyrus Karingithi, an assistant manager for resource development and infrastructure. Most of the funds will be sought from development financiers, Karingithi said in an interview on Tuesday at a geothermal field located about 120 kilometers (75 miles) northwest of the capital Nairobi.