According to Renew Economy, German has set higher daily or weekly records in the past, but February of 2020 set the record for an entire month. “Of the total 45.12TWh generated by Germany’s power sector, 27.63TWh, or 61.2%, was generated from renewable electricity sources. Throughout the month, Germany’s renewable energy sector regularly provided around 60% or above of the country’s electricity…
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Saudi Arabia plans to boost oil output next month to well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. At the same time, Saudi Arabia has privately told some market participants it could raise production much higher if needed, even going to a record 12 million barrels a…
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New York (CNN Business)Airline passenger traffic is plunging around the world because of coronavirus. That means tens of thousands of airline workers will probably soon be out of work, at least temporarily.Airlines are already adjusting its staffing by asking employees to take vacation at reduced pay or unpaid leaves of absence. Sofar, airlines’ job cuts have not been permanent. But some companies…
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Alexander Novak told his Saudi Arabian counterpart Prince Abdulaziz bin Salman that Russia was unwilling to cut oil production further. The Kremlin had decided that propping up prices as the coronavirus ravaged energy demand would be a gift to the U.S. shale industry. The frackers had added millions of barrels of oil to the global market while Russian companies kept…
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The U.S. power sector’s rush to build out natural gas capacity risks far more than locking in emissions that would bust the Paris climate targets – it also poses tens of billions in financial risk to utility investors. Once commonly considered a “bridge fuel,” electric utilities now must face the mathematical reality that fast-falling clean energy costs mean the bridge…
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The latest and 54th edition of the Renewable Energy Country Attractiveness Index (RECAI) report ranks 40 countries on the attractiveness of their renewable energy investment and deployment opportunities. EY teams’ index rankings give you access to the latest country movements at a glance. The index was recalibrated in October 2019, with all underlying datasets fully refreshed. Matching capital with capacity in the…
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ISLAMABAD: Honest power consumers have paid Rs400 billion to independent power producers (IPPs) during the current Pakistan Tehreek-e-Insaf (PTI) government’s tenure despite no addition of electricity to the national grid, blamed on faulty agreements inked by the previous government. According to government officials, the PTI administration has increased power tariff by Rs5.32 per unit to clear the backlog left by the…
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General Electric (GE) has for the first time achieved blackstart of a GE heavy-duty gas turbine using battery energy storage. The company announced on Feb. 26 it completed black start of a GE 7F.03 gas turbine at a 150-MW simple-cycle unit at Entergy Louisiana’s Perryville Power Station using a 7.4-MW battery-based energy storage system. The unit in Ouachita, Louisiana, began operation in…
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Regulatory bodies are formed to determine rules and regulations in the context of authority bestowed by legislation either by an elected parliament or an equivalent source of power. Regulatory bodies implement laws made by legislative institutions by making and enforcing regulations. They have quasi-legislative, executive and judicial functions. Economic regulatory bodies such as Ogra and Nepra have to establish rules…
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LAHORE: Reduced off-take of regasified liquefied natural gas (RLNG) by the power sector has put Pakistan State Oil (PSO) and two public sector gas utilities – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Ltd (SNGPL) — in trouble as the situation could lead to a penalty of $25 million on per LNG cargo basis. On the other…
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