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OPEC doesn’t see peak oil demand

  PARIS: The coronavirus crisis has sparked talk that the world might have reached peak oil demand but the OPEC group sees crude consumption continuing to grow during the next quarter century, driven in large part by greater use of cars in developing countries. In its latest forecasts, released on Thursday, OPEC sees surprisingly little […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ

Nigeria suspends controversial electricity tariff hike

The state-run Nigerian Electricity Regulatory Commission said late Tuesday it was putting off the price increases for two weeks after forging a truce with labour Lagos: Nigeria has suspended a controversial electricity tariff hike that has stoked tensions in the country as part of a deal to ward off a general strike by unions. The […]

Construction of 5 solar parks underway across Iran -EQ

How the Coronavirus Pandemic Has Impacted US Solar So Far

Six months in, the pandemic has altered parts of the industry — perhaps permanently. Since the coronavirus pandemic began shutting down cities and states, the U.S. solar industry has had to cope with a new normal. Though it’s only been a few (very, very long) months, solar developers, financiers and installers have pivoted to new […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ

EU’s New 2030 Climate Target Signals Accelerated Renewable Deployment

An increase from 40 percent to 55 percent emissions reduction by 2030 puts the renewables sector on notice for a ramp-up in demand. The EU will increase its 2030 emission reduction target to “at least 55 percent” up from 40 percent, Ursula von der Leyen, president of the European Commission, confirmed Wednesday. The change will […]

Hydrogen storages important foundation for solar PV expansion in Europe – German govt scenarios -EQ

Not Enough Climate Action in Stimulus Plans

  Governments have already announced $11.8 trillion in fiscal stimulus in response to the COVID-19 health and economic crisis, more than three times the amount spent in response to the Great Recession of 2008-09. While most of it will prioritize healthcare and direct support to the unemployed, about 30% of stimulus packages are being spent in sectors that impact […]

Role of prosumers in renewable energy adoption in India – EQ

Future’s still bright for solar power in the Gulf despite coronavirus impact

Industry experts say solar power is expected to generate $182bn investment in Middle East renewables by 2025 Solar power is expected to generate $182 billion investment in Middle East renewables by 2025, despite the disruption caused this year by the global coronavirus pandemic. While experts claim the sector has been negatively impacted by the Covid-19 […]

Construction of 5 solar parks underway across Iran -EQ

Powering China with Clean Energy After COVID-19

  Following the outbreak of the new coronavirus (COVID-19), and its serious social and economic impact, China has started to stimulate its economy in an effort to recover. Provinces have announced their investment plans, in which new infrastructure plays an extremely important role. This infrastructure will also profoundly affect the development of China’s energy sector in the […]

Hydrogen subsidies | Australian solar-to-methanol project secures €24m grant — with half coming from Germany -EQ

Europe Pledges Push to Cut Reliance on Imported Raw Materials

The European Union stepped up a push to become less dependent on imported raw materials such as rare earths and lithium, saying supply-chain disruptions caused by the coronavirus outbreak bolster the need for more self-sufficiency. … The pandemic is giving political impetus in Europe to a more active industrial policy. The European Commission vowed to […]

Hydrogen storages important foundation for solar PV expansion in Europe – German govt scenarios -EQ

Austria: EIB and UniCredit Bank Austria finance development of one of Austria’s largest wind farms

Wind farm to have capacity of 143 MW, providing around 90 000 households with electricity produced from renewable energy sources EIB and UniCredit Bank Austria providing total funding of €107,4 million EIB’s share backed by guarantee from European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe “With this fresh start […]

Hydrogen storages important foundation for solar PV expansion in Europe – German govt scenarios -EQ

Fortum second-quarter operating profit drops 11 per cent

Fortum said its second-quarter operating profit fell from a year ago to 207 million euros ($247 million), missing the 301 million euros expected by analysts in a Refinitiv poll HELSINKI: Finland’s biggest utility Fortum reported an 11 per cent fall in its underlying second-quarter operating profit on Wednesday, dented by low power prices and the […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ