Ofgem, the UK’s energy regulator, is expected to announce that it will lower its cap on how much energy suppliers can charge by about GBP1,000. However, analysts predict that prices will still rise by GBP500 on average. According to the most recent forecast from energy consultancy Cornwall Insight, Ofgem is anticipated to announce that it […]
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Salesforce, a technology company based in the United States, announced that it would be purchasing 280,000 megawatt hours (MWh) of renewable energy certificates from small, distributed energy projects in order to speed up the availability of clean electricity in developing nations. Distributed renewable energy certificates (D-RECs), a financial instrument that enables organizations to deploy capital […]
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With the acquisition of a portion of Chesapeake Energy’s Eagle Ford shale holdings in south Texas for $1.4 billion, UK chemical specialists INEOS have entered the US onshore oil and gas market. INEOS Energy will acquire approximately 2,300 wells that produce net 36,000 BOE/D in accordance with the terms of the deal. The acquisition, which […]
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According to a government order, renewable energy companies in India will be blacklisted for three to five years if they fail to complete project deadlines. According to the order that was issued by the new and renewable energy ministry, the developer should be blacklisted and the bank guarantee of any renewable energy project should be […]
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Two people who are aware of the development stated that Aditya Birla Group has hired Standard Chartered to sell up to a 49 percent stake in the group’s renewable energy business in order to raise approximately $400 million. The conglomerate wants to strengthen its position in India’s rapidly expanding clean energy sector. Aditya Birla Renewables […]
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Through its Asia Energy Transition Fund (SAETF), the Swiss investment firm SUSI Partners has launched a renewable energy platform to develop renewable energy assets in Southeast Asia. The development, construction, and operation of utility-scale solar photovoltaic (PV), wind, and hydroelectric assets will be the primary focus of the platform. In collaboration with Pacific Impact, a […]
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The oil and gas giant Shell reported record profits last year when Russia’s invasion of Ukraine caused energy prices to soar. Profits reached 39.9 billion dollars in 2022, the company’s highest level in 115 years. Energy companies have made record profits ever since the invasion of Ukraine led to an increase in the price of […]
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A Green Deal Industrial Plan has been launched by the European Commission to support the swift transition to climate neutrality and boost the competitiveness of Europe’s net-zero industry. The Plan aims to make the EU’s manufacturing capacity for net-zero technologies and products, which are needed to meet Europe’s ambitious climate goals, more robust by creating […]
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Analysis suggests that household bills in the United Kingdom have increased by 7.2 billion pounds over the past two years due to the way electricity prices are set. Energy providers, regardless of how electricity is produced, pay the highest wholesale price under existing regulations. The most expensive way to generate electricity is through gas-fired power […]
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In 2022, China topped the world in investments in clean energy once more, which may pose a challenge to American efforts to increase domestic manufacturing. A recent study found that China was the location of nearly half of the world’s spending on low-carbon projects. In 2022, the nation will have invested $546 billion in solar […]
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