Staff Reporter
Higher crude oil prices drive PetroEnergy income up 48% in Q1
Higher crude oil prices drive PetroEnergy income up 48% in Q1
The Philippine-based company’s consolidated income stood at P253m.
Urgent action needed for a ‘resilient’ energy transition: WEF
Countries should diversify their energy mix and make binding climate commitments.
SJVN secures 90MW floating solar project
It is expected to be commissioned within 15 months after the signing of a PPA.
Asian markets may ‘ramp up’ coal as gas prices rise: report
Coal will continue to dominate the region’s power mix through 2027.
Price hike, supply issues to continue straining gas power in Asia: Fitch
This will particularly impact Japan, South Korea and Taiwan.
Philippines’ ACEN net income falls 68% YoY to $7.7m in Q1
This is due to the higher costs of purchased power in the spot market.
Solar PV to lead addt’l RE capacity in 2022: IEA
Global renewable energy installations are expected to reach around 300GW.
Global RE installations rose 6% to almost 295GW in 2021: report
China accounted for almost half of the installations.
BASF, Brookfield partner for a 25-year renewable electricity supply deal
It will power BASF’s Zhanjiang Verbund site in China.
ReNew Power appoint new CFO
The company also hired a new general counsel and a chief growth officer.
Vena Energy forms consortium to develop offshore wind project
The consortium was formed with Shikoku Electric Power Co., Inc. and Toho Gas Co., Ltd.
Offshore wind to replace nuclear in Taiwan’s power mix: Fitch
More than half of Taiwan’s power project pipeline consists of offshore wind power.
Taiwan’s nuclear phase-out plan by 2025 ‘more certain’: report
Nuclear power accounted for 9.5% of the power mix, as of end-2021.
Tata Power wins 1GW solar EPC order
The project will be completed within 24 months.
UN-Energy Plan of Action to support energy transition launched
The plan committed to supporting providing electricity access to 500 million people.
Adani Power profit soars over 280% in 2022
The company recorded a profit after tax, worth INR49.12b for FY 2022.
Philippine banks still fund coal projects: report
In effect, banks are enabling fossil fuels by underwriting or selling bonds.
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