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Showing posts from December, 2021

Energy Digest for the Week

Global Oil heads for biggest yearly gains since 2009 on economic recovery Read more at: this link LNG, coal lead 2021 commodities rally as markets eye COVID-19 for next move Read more at: this link Germany to pull the plug on three of its last six nuclear plants Read more at: this link US Energy Dept. approves release of 2 million barrels of crude oil from Strategic Petroleum Reserve to Exxon Read more at: this link China calls on state firms to cut energy consumption amid carbon peak goals Read more at: this link Italian gas infrastructure group Snam to build hydrogen-ready fuel cell for Italy’s Torino Airport Read more at:   this link . National Delhi govt to ask e-commerce companies to switch to EVs, and petrol pumps to not give fuel to vehicles without a PUC certificate Read more at: this link Okaya Electric Vehicle launches high-speed IoT enabled e-scooter Faast, with a range of 150-200 km per charge. Read more at: this link PM Modi to launch Rs 11,281 crore hydro p...

Energy Digest for the Week

  Global Belgian government has tentatively committed to phasing out the country’s existing nuclear power plants by 2025. Read more at : this link Tata Steel UK plant helps build world's largest offshore wind farm due to be completed by 2026 Read more at :  this link Biden administration moves to expand wind &  solar power on public land and offshore Read more at : this link Iran accepts tea in payment for Sri Lankan oil debt valued at $251 million Read more at :    this link LNG cargoes diverted toward Europe from Asia as gas prices soar Read more at :   this link Brazil raised $2 billion with the auction of two large oil blocks, after a recent struggle to generate interest in its offshore fields Read more at :   this link National IIT Guwahati team develops efficient perovskite solar cells to produce electricity from sunlight Read more at :  this link Indian Oil Corporation, Adani Total Gas top bidders in the 11th city gas licensing rou...

Energy Digest for the Week

Global UN General Assembly grants observer status to International Solar Alliance, a joint initiative by India and France to fight climate change. Read more at : this link Israeli firm, Augwind Energy, uses air and water to store solar energy for nighttime Read more at : this link China and India have resolved local coal supply issues, but it is yet to reflect in the price of seaborne supplies in Asia Read more at : this link Spain to invest 6.9 billion euros in renewables, green hydrogen, energy storage, expecting it to create more than 2,80,000 jobs Read more at :  this link Britain opened applications for its biggest renewable energy auction, offering 285 million pounds to help deliver on its climate targets Read more at : this link National Gravita India starts new battery recycling unit near Mundra Port in Gujarat, with plans to enhance its overall capacity to 48,000 MTPA. Read more at : this link BPCL & Bhabha Atomic Research Centre have collabora...

Energy Digest for the Week

Global EU prepares way for 0% VAT on several goods including solar panels for residential use Read more at:  this link Producing green hydrogen for $1/kg is achievable in some countries by 2030: WoodMac Read more at:  this link The push to convert old coal plants in Australia into Clean Energy Hubs is gaining more momentum Read more at:  this link New report seeks changes to the EU’s cap-and-trade mechanism for inclusion of shipping Read more at:  this link National IIT-Madras faculty founded 94 startups valued at Rs 1,400 Cr; Energy, aviation space among focus Read more at:    this link Tata Steel deploys first biofuel-powered ship for raw material transport Read more at:  this link Under Mukhya Mantri Khet Sanrakshan Yojana, 4,669.20 hectares in Himachal Pradesh protected by installing solar power fences. Read more at:  this link Power minister approves 23 new inter-state transmission projects worth Rs 15,893 cr Read more at:  this link Rel...

Energy Digest for the Week

  Global Dutch energy company  Anode Energy  plans to file for bankruptcy, the third in the  Netherlands  this year to become insolvent due to high  energy prices . Read more at: this link Nissan to invest $17.6 billion over next five years to ramp up electric vehicle offering. Read more at: this link Japanese auto major  Honda Motor Co  has set up a  battery sharing  service subsidiary in India with a capital of Rs 135 crore. Read more at: this link Abu Dhabi National Oil Company has announced an investment of $127 billion for 2022-26, as oil and natural gas reserves rise in UAE. Read more at: this link National Tariff discovered in the latest bid of the Solar Energy Corporation of India ( SECI ) for wind power generation stood at Rs 2.69 to Rs 2.70 per unit Read more at: this link India has achieved its target of 40% power generation capacity based on non-fossil sources in 2021 itself instead of 2030, as part of its NDC c...