• Gas-fired power plants could get green EU label, and funds

    • Date: 25/03/21
    • Cyprus Mail

    The European Union plans to label some gas power plants as sustainable investments, a draft document seen by Reuters showed, after an initial proposal to deny them a green label faced a backlash from some member states. Cyprus is planning to step up gas production and to  develop its LNG terminal at Vasilikos where  the […]

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  • The truth about wind energy: costs are rising, not falling

    • Date: 17/03/21
    • GWPF & Financial Times

    While green activists and the renewable energy lobby continue to claim that wind energy costs are falling, the true picture can’t be covered up for ever. Now, the new CEO of Siemens Gamesa warns that the wind sector faces squeeze from rising costs. Recently appointed Siemens Gamesa chief faces squeeze from rising costs Offshore wind […]

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  • Colombia announces coal support for decades to come

    • Date: 14/03/21
    • OilPrice.com

    The world’s fifth-largest coal exporter, Colombia, is confident that continued coal demand in Asia will warrant Colombian government support to the industry for at least two more decades, even after Glencore said it would relinquish its mining contracts in the country. “Coal demand from China and India is going to continue. It’s impossible for them […]

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  • Russian coal set to replace Australian exports to China

    • Date: 07/03/21
    • The Australian

    Russia is gearing up to take advantage of Canberra’s poor relationship with China to expand its coal exports, analysts say, as Chinese authorities allow some of the millions of tonnes of Australian coal stranded off its coast on dozens of ships to be offloaded. Russian President Vladimir Putin last week met industry executives and government […]

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  • China turns the screws on ‘unreliables’

    • Date: 03/03/21
    • Bloomberg

    After shortchanging renewable energy developers for years to the point where it owes billions of dollars in unpaid subsidies, the Chinese government is now proposing that those companies may have to cancel part of the debt if they want to keep building new projects. Under a draft plan by the country’s National Energy Administration, provinces would […]

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  • China’s US coal imports jump 748% amid Australian trade dispute

    • Date: 24/02/21
    • S&P Global

    China emerged as one of the top importers of U.S. coal in the fourth quarter of 2020 as the country banned Australian coal from entering its territories amid diplomatic tensions. U.S. coal exports in the three-month period totaled 17.4 million tonnes, down 7.3% year over year but 25.1% higher quarter over quarter, according to data […]

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  • Texas freeze raises cost of charging a Tesla to $900

    • Date: 17/02/21
    • OilPrice.com

    The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla. The typical full charge of a Tesla costs around $18 using a Level 1 or Level 2 charger at home, according to estimates from The […]

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  • Frozen wind turbines trigger Texas blackouts

    • Date: 15/02/21
    • GWPF, Reuters & Austin American-Statesman

    The Texas grid operator has announced rotating blackouts amid winter storm and frozen wind turbines (Reuters) – Rotating blackouts were enforced in the U.S. state of Texas early on Monday to reduce demand on the electric system amid icy storms, state’s grid operator Electric Reliability Council of Texas (ERCOT) said in a tweet. “Traffic lights […]

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