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Electric Vehicle Sales Set To Jump 80% In 2021 – EQ Mag Pro

Passenger electric vehicle sales are set to jump over 80 per cent in 2021 to 5.6 million units, off the back of unprecedented industry and government commitments around the world over the last two years, according to the Zero-Emission Vehicles Factbook, a special report published on Wednesday by BloombergNEF (BNEF), at the request of the […]

Tesla wooed by states after Elon Musk flags government problems – EQ Mag Pro

Opec Member Urges Oil Producers to Focus More on Renewable Energy – EQ Mag Pro

Iraqi minister and International Energy Agency chief urge countries to move away from fossil fuel dependency. Without help for oil-producing countries, net zero by 2050 is a distant dream. The finance minister of Iraq, one of the founding members of the global oil cartel Opec, has made an unprecedented call to fellow oil producers to […]

Nithio FI secures catalytic investment from Shell Foundation to scale clean energy financing in Africa – EQ Mag Pro

Climate Policies Could Hand Power And Profits Back to OPEC

The Western rush to replace oil has Gulf producers laughing all the way to the bank. By Ellen R. Wald, a non-resident senior fellow at the Atlantic Council’s Global Energy Center and president of Transversal Consulting, and Jonathan H. Ferziger, a Jerusalem-based nonresident senior fellow at the Atlantic Council and a former Middle East correspondent. […]

Nithio FI secures catalytic investment from Shell Foundation to scale clean energy financing in Africa – EQ Mag Pro

Mozambique Launches Construction of $1 Bln Power Plant, Transmission Line

Upon completion, the gas-to-power Temane Thermal Power Plant will have a capacity of 450 megawatts. MAPUTO : Mozambique on Monday began construction of gas-to-power plant and transmission line projects worth $1 billion in the southern province of Inhambane as the government aims to boost energy supply. The World Bank is one of the financing partners […]

Nithio FI secures catalytic investment from Shell Foundation to scale clean energy financing in Africa – EQ Mag Pro

OPEC Fund Helps Finance Egypt’s Largest Private Solar Plant

OPEC’s Fund for International Development is among a group of development banks providing $114 million of loans to build the largest privately owned solar plant in Egypt. ACWA Power’s 200-megawatt Kom Ombo site also received funding from the European Bank for Reconstruction and Development, the African Development Bank, the Green Climate Fund and Jordan’s Arab […]

Nithio FI secures catalytic investment from Shell Foundation to scale clean energy financing in Africa – EQ Mag Pro

Saudi Arabia sees over $200 billion in savings from energy reforms plan: FinMin

Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments. The world’s top oil exporter has embarked on an ambitious reforms programme in recent years to […]

Nithio FI secures catalytic investment from Shell Foundation to scale clean energy financing in Africa – EQ Mag Pro

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 […]

Budget expectations from Mr. Bharat Bhut, cofounder and director, Goldi Solar – EQ Mag Pro

Equinor powers ahead with floating wind turbines despite oil crash

The long-planned project is going ahead despite Equinor’s decision to cut investment following a plunge in oil prices that has reduced the company’s cash flow. OSLO: Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, […]

Vietnam firm launches $220 mln offshore wind farm amid renewables drive – EQ Mag Pro