Romanian energy trader and developer Enero Furnizare plans to develop solar projects with a total capacity of 1GWp in Romania this year

Projects for the creation of new nuclear power facilities will receive about RUB56 billion from the National Wealth Fund (NWF), another RUB40 billion will be allocated from the budget.

Texas is the second largest state by both area and population and has major expertise in the energy industry. Texas is in the south of the US, which allows it to generate plenty of solar electricity even in winter.

This dynamic leads to rising global oil inventories from 2Q22 through the end of 2023, and the Brent spot price will fall to an average of $87/b in 2Q22 and $75/b in 4Q22. The Brent price will average $68/b for all of 2023.

Throughout the West’s diverse energy resource portfolio, in recent years there has been a shift away from large baseload resources (e.g., coal, nuclear) toward more renewable and largely variable resources.

RES has acquired Blueshore, an asset management business with 1.6 GW of renewable projects under management in Australia.

Utsira Nord has an offshore wind potential of 1.5 GW (the other area, Sørlige Nordsjø II, has a potential of 3 GW).

Called Snowflake – but also known by the less eloquent ‘Arctic Hydrogen Energy Applications and Demonstrations’ project – the facility will be a year-round scientific hub for the development, testing and maturation of carbon-free technologies robust enough to operate in extreme Arctic conditions.

China, the world's biggest greenhouse gases emitter and coal consumer, is expected to add 180 gigawatts (GW) of new power generation capacity from non-fossil fuel sources during 2022, driving total non-fossil fuel capacity to 1,300 GW, according to a report issued by the China Electricity Council (CEC) late on Thursday.

Neom, which will be built along Saudi Arabia's borders with Jordan and just across the narrow Strait of Aqaba from Egypt's Sinai Peninsula, is a linchpin of the world's largest oil exporter's plans to diversify its fossil fuels-dominated economy.

Wind generation rose as high as 14,822 megawatts, surpassing the previous record of 14,286 megawatts set in May 2021, according to data from National Grid.

Australia’s largest planned Renewable Energy Zone (REZ) is to be built in the New South Wales (NSW) northeast with the state government announcing the New England REZ, which will deliver at least 8 GW of new network capacity, has been formally declared.

The Philippine Department of Energy has initiated a tender for 2,000 MW of renewable capacity, including 1,260 MW of solar, 380 MW of wind, 230 MW of biomass and 130 MW of hydro.

The auction for large renewable projects (>1 MW), with 3,897 MW of capacity available, attracted 108 bids totalling 1,352 MW and only 84 bids totalling 1,093 MW were admitted (28% of the available capacity).

China aims at establishing a national trading system by 2030, which would include all renewable power producers.