Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert

Overall, Iberdrola’s operating profit fell by 3% to €1.2 billion (US$1.4 billion), driven by its recent commissioning of new plants as it ramps up its renewables capacity.

Turkey wind energy contributed to over 10% of the country's total electric production for the first time.

Turkey plans to invest a total of $9.3 billion (TL 66.56 billion) in electricity distribution during the upcoming five-year period

The EU will provide nearly Eur10 billion of funding that the partners will match with at least an equivalent amount of investment, the EC said in a statement.

The ITER agreement was signed in November 2006 by Euratom, the US, Russia, Japan, China, South Korea and India.

There are now 228 large-scale projects for a combined $300 billion of proposed investment through to 2030

To meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of oil need to be added to currently producing assets.

An expected gradual reduction in oil production of around 1-2% each year, including divestments and natural decline.

“[T]hese investments will create jobs and growth. Every new offshore wind turbine generates EUR 15 million of economic activity. We expect the 77,000 people working in offshore wind today in Europe to be 200,000 by 2030,” Dickson said.

The main priority for the government is the construction of medium-sized and large hydropower plants because they will provide sustainable energy during the energy transition period, she noted.

The GBP-6.5-billion (USD 8.8bn/EUR 7.3bn) mega-project, with its three separate wind farms in the plans, would use over 200 units of the Siemens Gamesa 14-MW turbines.

Germany needs to meet a target of renewable energy sources contributing at least 65% of power output in 2030 as part of the country’s overall goal to cut CO2 emissions by at least 55% compared with 1990 levels by that date.

Coal accounts for 35% of Vietnam’s installed capacity, with nearly 20 GW (end of 2019). More than 10 GW of coal projects are currently under construction and 24 GW under development.

While renewables' 2020 performance was impressive, especially during a global pandemic, the report warns that the average pace of deployment through the 2020s will need to more than double that of the prior decade if the EU is going to hit its target of a 55 percent reduction in emissions by 2030.