7/1/2026 8:24:43 AM (Volume: 43 / Issue: 7)
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Tag: Renewables

Energy, Oil & Gas

Renewables remain cheapest source of new power in 2025: Irena

Renewable energy continued to be the most cost-competitive source of new electricity generation in 2025, with more than 90 per cent of newly added utility-scale renewable capacity proving cheaper than the lowest-cost new fossil fuel alternatives, according to a report by the International Renewable Energy Agency....

Energy, Oil & Gas

Libya Energy & Economic Summit to target more opportunities

The next edition of Libya Energy & Economic Summit (LEES) will expand Libya’s investment pipeline across hydrocarbons, renewables and infrastructure while deepening international participation following record deal activity in 2026....

Energy, Oil & Gas

EU gas, renewables rise as coal falls in 2025

EU energy supply shifted toward cleaner sources in 2025, with gas up 2.3 per cent and renewables up 1.4 per cent, while coal and petroleum declined. Renewables remained the largest electricity source at 47.2 per cent, according to Eurostat....

Energy, Oil & Gas

Freudenberg expands energy portfolio with Balmoral Comtec deal

Freudenberg Group has expanded its energy portfolio by acquiring Balmoral Comtec, strengthening its Flow Technologies business in sealing and connector systems for global energy markets spanning offshore oil, gas and renewables industries worldwide....

Energy, Oil & Gas

US breaks energy production record in 2025 with 3.4pc increase: EIA

Total energy production in the US increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4 per cent increase from the previous record set in 2024, according to new data in the US Energy Information Administration (EIA) Monthly Energy Review....

Energy, Oil & Gas

Mubadala invests in Hornsea 3 offshore wind farm

Mubadala Investment Company today announced a $325 million investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm, located off the Norfolk coast in the United Kingdom....

Energy, Oil & Gas

24/7 renewables now cheaper than fossil fuels: Irena

According to the International Renewable Energy Agency, solar and wind paired with battery storage provide reliable, cost-effective 24/7 electricity. In prime regions, hybrid renewable systems deliver continuous power at lower costs than fossil fuels....

Energy, Oil & Gas

China power capacity climbs as renewables expand

China’s installed power capacity reached 3.96 billion kW by March 2026, up 15.5 per cent year on year, driven by rapid renewable growth, with solar capacity jumping 31.3 per cent and wind rising 22.4 per cent....

Energy, Oil & Gas

Irena calls for renewables-focused action to address energy crisis

An Irena brief says renewables are improving energy security during the crisis by reducing fossil fuel dependence, with record capacity growth, falling costs, and battery-backed wind and solar delivering cheaper, more resilient 24/7 power....

Energy, Oil & Gas

IEA calls for urgent grid expansion to meet surging electricity demand

Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report. ...

Energy, Oil & Gas

Renewables jobs see first slowdown amid global deployment growth

Global renewable energy jobs rose just 2.3% to 16.6 million in 2024 despite record installations, according to IRENA and ILO, which cite geopolitical and geoeconomic tensions and growing automation as key factors limiting workforce growth....

Energy, Oil & Gas

EU renewables in electricity generation up 4pc in Q3 2025: Eurostat

In the third quarter of 2025, 49.3 per cent of net electricity generated in the European Union (EU) came from renewable energy sources, an increase of 3.8 per cent compared with the 47.5 per cent registered in the same quarter of 2024, according to figures by Eurostat, the statistical office of the EU....

Energy, Oil & Gas

OQ Alternative Energy starts new phase in Oman’s renewables

OQ Alternative Energy (OQAE)- a subsidiary of OQ - has confirmed the arrival of the first batch of wind turbines for the Riyah 1 and Riyah 2 wind farms .Developed in partnership with TotalEnergies, the two projects will feature a combined total of 36 turbines with a total generation capacity of 200 MW of clean electricity produced from wind power....