Category: Highlights

As one of the fastest-growing renewable energy sources in mitigation of climate change, solar PV is playing a major role in the future global electricity generation mix. With the upgrading of technology and products and the increase in application scenarios, distributed photovoltaics is showing enormous potential. According to industry analysts, distributed PV accounted for 47.9% of newly installed solar capacity worldwide in 2021, of which residential users accounted for 26%, a share now on the increase for five consecutive years. In order to gain an in-depth insight into the needs…

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After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to a UK windfall tax would render the aging basin uneconomical as an energy crisis engulfs Europe.  “The government has structured the EPL in a very thoughtful manner to continue to promote investment in the on Wednesday, the day the company went public.  However, Myerson continued, if the windfall tax is strengthened, and if “they take away the investment allowance, then obviously it will become…

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OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the US administration called the surprise decision shortsighted. OPEC’s de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output – equal to 2% of global supply – was necessary to respond to rising interest rates in the West and a weaker global economy. The kingdom rebuffed criticism it was colluding with Russia, which is included in the OPEC+ group,…

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United Arab Emirates President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Abdel Fattah El Sisi of Egypt witnessed the signing of an agreement between Masdar, one of the world’s fastest-growing renewable energy companies, along with its Infinity Power joint venture with Infinity, Egypt’s main renewable energy developer, and Hassan Allam Utilities, to develop a 10-gigawatt (GW) onshore wind project in Egypt – one of the largest wind farms in the world. The Memorandum of Understanding was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry…

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Turkey has begun to pay partially in rubles for the Russian gas it receives, Turkish Energy Minister Fatih Donmez told a local broadcaster on Tuesday. Over the coming months, Turkey will increase the share of ruble payments for Russian gas, the minister told the TRT Haber television channel. Shortly after the invasion of Ukraine, Russia demanded that the so-called “unfriendly” countries – a designation of Moscow for most of the Western countries – pay for their Russian gas supply in rubles. Several EU countries have refused and saw their gas supply from…

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