News

EDF (Électricité de France) recently announced that one of France’s new-generation nuclear power plants experienced severe difficulties in construction owing to the COVID-19 pandemic. The project will be over budget and behind schedule. While the project was expected to wrap up by late-2022, a delay to 2Q23 seems inevitable, with an increase of total cost up to €12.7 billion, to boot. ...  more

More good news from China's nuclear fusion device "Artificial Sun." the Experimental Advanced Superconducting Tokamak (EAST) in Hefei, Anhui Province successfully maintained a temperature of 70 million degrees Celsius for 17 minutes. ...  more

Multinational PV project developer ReneSola Power will sell two ground-mounted PV installations in Spain with a total peak generation capacity of 12MW to Aream Group (aream), a renewable energy investment company based in Germany. ...  more

The Ministry of Economic Affairs (MOEA) has completed its 2022 renewable energy bulk purchase rate review and announced today (1/28), in comparison with the draft, the solar bulk purchase rate has been restored to two phases per year, and additional rates such as power grids and UHV have been enhanced. ...  more

Australian news outlets and renewable energy news websites have reported that Woodside Energy (also known as Woodside Petroleum) submitted a proposal to the Western Australian Environmental Protection Authority (WAEPA) for a PV-plus-storage project. ...  more

Brent crude, for the first time, surpassed US$90 in futures on Wednesday (26th), and arrived at the highest level since 2014, due to the exacerbated tension between Russia and Ukraine, together with the persistently confined supply. ...  more

Major Japanese engineering firm Nippon Koei will be developing two battery energy storage facilities that will be respectively located in the counties of Kent and Hertfordshire in the UK. ...  more

According to a report from the energy consultancy company Wood Mackenzie, the regulations on the new solar encouragement plan from the California Public Utilities Commission (CPUC) may cut the solar market of the state in half during 2024. ...  more

It sounds a bit unimaginable, but before the end of this year, the number of Tesla electric vehicles on the road will reach as many as 4 million. ...  more