A report from the Centre for Research on Energy and Clean Air (CREA) and the Global Energy Monitor (GEM) states that coal-fired power plant permitting, construction starts, and new project announcements have accelerated dramatically in China in 2022, with new permits reaching the highest level since 2015.
American Electric Power (AEP) will sell its 1365 M portfolio of renewable assets to IRG Acquisition Holdings.
Indonesia has launched the first phase of mandatory carbon trading for coal-fired power plants, part of the country’s plan to achieve net zero emissions by 2060.
Czech energy group EPH has won provisional 15-year new build contracts for a combined 1700 MW power and a 299 MW battery storage project at the site of the former Eggborough coal-fired power station in the UK.
Enel has agreed to sell its stake in two thermal power generation plants in Argentina to Central Puerto for $102 million.
The flow reduction in America’s Colorado River has left Lake Powell – the country’s second-largest reservoir – at just 23 per cent, its lowest level since it was filled in the 1960s.
GE has signed an agreement with Iraq’s Ministry of Electricity (MoE) to explore opportunities to increase output through establishing new power plants and expanding capacity at existing facilities.
BP has formed a joint venture with Norway’s Deep Wind Offshore, taking a 55 per cent stake in four offshore wind projects in South Korea.
The Pakistan Government has announced that it plans to quadruple its domestic coal-fired capacity to reduce power generation costs and that it will not build new gas-fired plants in the coming years to transition away from coal.
GE Renewable Energy’s Grid Solutions business has announced that it has been awarded a contract from Nepal Electricity Authority (NEA) to automate 39 substations of various ratings across Nepal.