Category: Highlights

Electric vehicle (EV) makers are facing a conundrum due to the uncertain outlook of the EV market in 2023. On the one hand, governments worldwide are pushing for a transition to green, with plans to roll out bans on the sale of new fossil fuel-powered cars across several cities within the next decade, which is encouraging more consumers to switch to EVs. On the other, the current uncertain geopolitical and energy outlook has sent much of the world into a recession, with soaring inflation and concerns about energy security, meaning…

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On Nov. 29, 2022, SolaX signed a 100MW strategic cooperation agreement with Fronus Solar Energy, a leading renewable energy company in Pakistan, to provide advanced inverter solutions in the Pakistan market in the following year. In addition, SolaX and BTA Technologies inked a partnership agreement, under which BTA Technologies would eventually take over the duties of SolaX’s Pakistani after-sales service center. This cooperation is another vital step for SolaX in promoting localization in Pakistan, which will give local clients more timely and targeted after-sales service. Fronus Solar Energy is a…

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Pakistan Muslim League-Nawaz (PML-N) Senator Capt. Shaheen Khalid Butt hoped that Letters of Credit (LCs) for imports will be opened soon, which will help facilitate the solar energy sector in the country. “The clean energy is absolutely vital not just for the environment but because it’s cost effective for the consumers. In this context, I talked to Prime Minister Shehbaz Sharif and Finance Minister Ishaq Dar, and they expressed the hope that the government would soon be able to open LCs for imports as soon as economy’s stabilization is ensured,”…

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After a decade of exponential growth, the U.S. shale patch is no longer the swing producer on the global markets. That role is now back in the hands of OPEC and its largest and most influential members in the Middle East, analysts and industry executives say.  From growth of over 1 million barrels per day (bpd) in oil production annually before the pandemic hit demand in 2020, the United States is now set to see the growth rate at half of that, at best, this year. Although most of the…

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The Nord Stream pipeline can be repaired within a year, but it’s unclear whether Germany would want to receive Russian natural gas at all, said Klaus-Dieter Maubach, the outgoing CEO at German energy giant Uniper, which was Russia’s top gas customer before Moscow cut off supply via Nord Stream. “The first question that needs answering: what’s the political will on a European level and in Berlin to bring Russian gas to Germany?” Maubach said at the annual Handelsblatt Energy summit on Tuesday, as carried by Reuters. Last summer, the German…

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