News
North Seas Energy Ministers reinforce cooperation on offshore wind power
Energy Ministers from North Seas countries met on December 4th in Brussels and agreed their 2020 Work Programme on offshore wind energy deployment as a means of reaching climate neutrality by 2050. The 10 North Seas Energy Cooperation countries – Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the UK – agreed […]
China to cut renewable power subsidy to $807 million in 2020
BEIJING (Reuters) – China will cut its renewable power subsidy to 5.67 billion yuan ($806.50 million) in 2020 from 8.1 billion yuan in 2019, the Ministry of Finance said on Wednesday, as the country will soon stop funding large solar power stations. Because of a decline in manufacturing costs, China has been scaling back the […]
Aker BP accelerates startup of Norwegian Ærfugl project
Norwegian oil exploration and development company Aker BP has announced its decision to proceed with the second development phase of the Ærfugl offshore development project, three years ahead of the original plan. Aker BP and its partners approved the final investment decision for Ærfugl Phase 2 in early November 2019, accelerating development of Ærfugl Phase […]
China’s Yangtze delta targets 2% cut in tiny smog particles this winter
SHANGHAI (Reuters) – The 41 cities of China’s Yangtze river delta manufacturing hub will aim to cut concentrations of tiny airborne smog particles known as PM2.5 by 2% this winter, below last year’s target of 3%, the environment ministry said, in a new action plan. China, which is in its sixth year of a war […]
Equinor Discovers Oil and Gas in the North Sea
Norwegian energy major Equinor and its partners have found oil and gas at the Echino South prospect near the Fram field in the North Sea. Recoverable resources are estimated at between 38 million and 100 million barrels of oil equivalent, adding considerably to the area’s resource base, the company said. Equinor senior vice president for […]
Time: China Is Bankrolling Green Energy Projects Around the World
TIME – Perched on the ochre scrub of Argentina’s sunbaked Puna Jujeña plateau, the $400 million Cauchari power station is the world’s highest-altitude solar farm at 13,000 ft (about 4,000 meters) above sea level. In Kenya’s volcano-strewn Rift Valley, a newly green-lit, super-efficient electrical substation will soon funnel clean power from the nearby Olkaria Geothermal […]