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Global energy system faces rising risks amid geopolitical strains: IEA

Global, News

The International Energy Agency (IEA) highlighted the vulnerabilities in the global energy system, exacerbated by regional conflicts and geopolitical tensions, in its World Energy Outlook 2024. The IEA underscored the need for stronger policies and investments to hasten the energy transition. Despite these challenges, the agency expects a relatively abundant supply of various fuels and technologies in the coming years, including oil, LNG, solar PV, and batteries. IEA Executive Director Fatih Birol noted that an…

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GE Vernova to supply 7HA.03 gas turbines for Nanko power station in Japan

Global, News

GE Vernova has secured a contract from Kansai Electric Power Company to provide three 7HA.03 gas turbines to modernise the Nanko power station in Osaka, Japan. The turbines will replace existing LNG power generation assets, including three boilers and three steam turbines, significantly increasing the plant’s efficiency and reducing carbon dioxide emissions, aligning with Japan’s net-zero emissions target by 2050. The upgraded Nanko power station is expected to deliver up to 1.8 GW of electricity….

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Russia files lawsuit against energy giant Shell

Global, News

A Russian court document revealed that the prosecutor general of Russia has filed a lawsuit against eight Shell units in Moscow’s arbitration court. The case involves Gazprom, the Russian Energy Ministry, regulators from Sakhalin Island, and the prosecutor general’s office. Shell previously held significant stakes in Russian energy projects, including a liquefied natural gas (LNG) plant on Sakhalin Island operated by Gazprom. However, after the Ukraine invasion, Shell withdrew from all Russian projects, including the…

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QatarEnergy announces new solar mega project to double solar capacity

Global, News

QatarEnergy has announced plans to launch a new solar mega project that will more than double the country’s solar energy output. The project aims to increase Qatar’s photovoltaic (PV) solar capacity to approximately 4 GW by constructing one of the world’s largest solar plants in Dukhan, with a capacity of 2 GW. This new facility will expand QatarEnergy’s existing solar portfolio, which includes the Al-Kharsaah plant, inaugurated in 2022 with an 800 MW capacity, and…

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SK Innovation and SK E&S merge to form largest private energy company in Asia-Pacific

Global, News

SK Innovation and SK E&S, two subsidiaries of the Korean conglomerate SK Group, have agreed to merge, creating the largest private energy company in the Asia-Pacific region. This strategic move by SK Group aims to establish a solid foundation for future growth in its energy businesses. The merger, set to be finalized on 1 November 2024, will integrate SK Innovation’s oil and battery operations with SK E&S’s liquefied natural gas (LNG) and renewable energy businesses….

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Bangladesh’s electricity demand rises 7% during protests despite economic disruptions

Global, News

Despite nationwide protests disrupting economic activities, Bangladesh’s electricity demand grew 7% over three weeks, reaching an average of 316 million kWh per day. This increase, driven mainly by household air-conditioning use amid extreme heat, occurred even as most industrial and commercial activities came to a halt. The rise in residential power consumption highlights a shift in Bangladesh’s energy landscape, where household demand now surpasses industrial use. This trend has pushed Bangladesh to boost imports of…

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Indo-German Power Sector Collaboration

Analysis, Features

Germany’s Climate Strategy in the Power Sector Germany has long sought to lead international climate policy, championing the Kyoto Protocol and setting 1990 emissions targets. Despite setbacks in the 1990s and 2000s, Germany supported the European Union’s (EU) emissions trading system (ETS) and, following the Paris Agreement, the EU Green Deal for climate neutrality by 2050. Under Germany’s 2020 EU presidency, the 2030 emissions reduction target was raised to at least 55% below 1990 levels….