Daily Newsletter

19 October 2023

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Daily Newsletter

19 October 2023

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Spotlight

Weekly data: 2023 is the China Belt and Road Initiative’s greenest year ever

Ten years on, energy still makes up the largest share of Belt and Road Initiative (BRI) investments, and most of that money is now going into wind, solar and hydropower.

Latest news

EU ministers reach agreement on draft CfD rules for nuclear power

Germany and France have agreed to draft rules despite differing opinions on the effect of contracts for difference (CfDs) on energy markets.

19 October 2023

Grenergy to sell 300MW Spanish solar plants to Allianz for $285m

The plants are expected to begin commercial operations in the second half of 2024.

19 October 2023

China’s LONGi to build three solar panel factories in Malaysia

Longi plans to build three PV factories, bringing the government in Kuala Lumpur closer to its 2050 net-zero target ambitions.

19 October 2023

US earmarks $3.5bn for national grid resilience

The funding is the first round of the broader $10.5bn DOE Grid Resilience and Innovation Partnerships programme.

19 October 2023

80 million kilometres of power lines needed globally by 2040 to maintain climate goals – IEA

A “lack of ambition and attention” risks making electricity grids the “weak link” within the global transition to clean energy, the IEA said.

19 October 2023

Clearway launches 482MW California solar storage project

With the Daggett solar-plus storage project now online, 181,000 homes can be powered with clean energy annually.

19 October 2023

First turbine erected at 806MW Vineyard Wind 1 in US

The Vineyard Wind 1 offshore wind project will be powered by 62 turbines, each with 13MW of capacity.

19 October 2023

Nuclear Power dynamics in China

potential reservoirs. ML algorithms are also capable of analyzing production data and identifying patterns that can be used to improve well performance. Overall, machine learning has the potential to improve efficiency, increase production, and reduce costs in the oil and gas industry.