EIA expects monthly Brent spot prices will average $41/b during the second half of 2020 and rise to an average of $50/b in 2021

the security of electricity supply in Europe becoming more and more precarious

A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.

China plans to increase the share of renewables (including hydro) in the power mix to 28.2% in 2020.

China plans to increase the share of renewables (including hydro) in the power mix to 28.2% in 2020 and the share of renewables (excluding hydro) is expected to reach 10.8%.

With many office buildings left empty through the summer months, demand for electricity to power offices, as well as restaurants, hotels and music venues is expected to drop significantly.

Plummeting wind, solar, and storage prices have fallen so fast that the United States can reach 90% clean electricity by 2035 – without raising customer costs at all from today’s levels, and actually decreasing wholesale power costs 10%.

Министр подчеркнул, что в России сформирован диверсифицированный энергетический баланс, в нем присутствуют все виды производства энергии, что позволяет развивать все сектора, включая возобновляемые источники энергии.

In 2019, U.S. coal consumption totaled 590 million short tons (MMst).

China’s state-owned refining group Sinopec has commissioned a greenfield 200,000 bbl/d refinery in Zhanjiang

China Gezhouba Group (CGG) has signed a CNY11.5bn (US$1.6bn) contract with PT Indonesia Dafeng Heshun Energy Industri to build the 1,200 MW Data Dian hydropower project in North Kalimantan (Indonesia).

Global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption),

Российской Федерации потребуется ускоренный переход (модернизационный рывок) к более эффективной, гибкой и устойчивой энергетике,

monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.

Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021.