News
News
March 16, 2023
Grid shortage hinders South Africa's power generation plans
Shortages of grid connections is a significant obstacle that must be addressed as South Africa endeavors to increase its power generation capacity to put an end to its unprecedented blackouts, according to the head of an office that procures power from pr
March 09, 2023
EU draft reveals plans to lock in more fixed electricity prices
The European Union has drafted plans to extend the use of contracts that pay power plants a fixed price for electricity, as part of its power market reform to protect European consumers from big price swings.
March 02, 2023
Gas shortage is unlikely to hit Germany next winter, research suggests
Germany is not likely to encounter a gas crisis this winter and should postpone the conversion of floating liquefied natural gas (LNG) terminals to fixed ones, a report by the DIW economic institute said.
February 18, 2023
China's CNPC set to strike 30-year LNG deal with Qatar
China National Petroleum Corp (CNPC) is close to finalizing an agreement to purchase liquefied natural gas (LNG) from QatarEnergy for up to 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of t
February 04, 2023
McDonald’s strategy to power its logistics supply chain with renewables
In December last year, McDonald’s became the latest corporation to execute plans that reduce supply chain-related electricity emissions.
February 04, 2023
Amazon breaks green energy buying record with 8.3 GW of new capacity in 2022
Online retail giant Amazon sets a record 8.3 GW of renewable power deals in 2022, giving it access to a 'utility-scale' total 20 GW-plus haul of green capacity, according to the US company.
July 01, 2022
LyondellBasell ramp up renewables with two power deals in US
LyondellBasell, a Houston-based plastics, chemicals and refining company, announced this week the signing of its first two power purchase agreements (PPAs) in the United States, with the goal of procuring at least 50% of its electricity from renewable sou
June 29, 2022
Bank of America signs PPA to acquire solar power from Mammoth Central
Bank of America has inked a 15-year, 160 MW contract with Constellation Energy to purchase clean power and renewable energy certificates (RECs) from the Mammoth Central PV project in Indiana, United States.
June 24, 2022
Air Liquide pens its largest power deal to decarbonize sites in Benelux
Air Liquide, a French supplier of industrial and medical gases, announced on Wednesday that it has inked its largest long-term power purchase agreement (PPA) to date with energy company Vattenfall.
April 18, 2022
Foxconn to buy 70 million kWh of green energy in Taiwan by 2030
Foxconn, Taiwanese electronics manufacturing giant, has signed an agreement on Friday with Foxwell Power, a subsidiary of solar power supplier Shinfox Energy, to procure 2.36 million kWh of green electricity this year.