Subsidies have been a primary tool the Nigerian government employs to mitigate the impact of rising…
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COP28: Countries Agree to Reduce Fossil Fuel Dependency
At COP28, representatives from almost 200 countries agreed on reducing global fossil fuel consumption to combat…
Nel to Sell Stake in Green Hydrogen Firm
Norwegian hydrogen solutions company, Nel, has announced plans to sell its entire 13.56% interest in Everfuel,…
South Africa to Launch Bidding Process for Nuclear Power in 2024
South Africa will launch a bidding process for an additional 2,500 megawatts (MW) of nuclear power…
Shell Pledges $6bn for Bonga Oil Field Project
President Bola Tinubu has said that Shell PLC pledged $6 billion in investment for Nigeria to…
ECN Collaborates with GWEC to Develop Wind Energy in Nigeria
The Energy Commission of Nigeria (ECN) has signed an agreement with the Global Wind Energy Council…
EU Approves €2.6bn Aid for RWE’s Plant Closure
Germany has received European Union approval for 2.6 billion euros ($2.8 billion) in aid to RWE…
Solarpack Signs Two PPAs for Solar Plants in Spain
Solarpack has closed two power purchase agreements (PPAs) for two solar photovoltaic plants in Spain, which…
SPIC Invests $5.85bn in Wind-Powered Hydrogen Project
China’s State Power Investment Corp (SPIC) has announced a major $5.85 billion investment in northeast China…