The $400 billion Sino-Iranian hydrocarbon investment deal redefines the geopolitics of the Middle East and consolidates China’s position, while defying US sanctions. An event with global implications to be watched closely.
The Texas Blackout of 2021 triggered an energy crisis with devastating consequences, dramatically affecting both the population and the state’s economy. The repercussions of this crisis are still felt today, with the bankruptcy of many electricity suppliers and rising energy bills.
Sungrow is supplying medium-voltage inverters for a large-scale solar park in Central Europe, a major project that will power more than 50,000 Hungarian households. Construction by China National Machinery Import and Export (CMC) is progressing despite the challenges of the pandemic, with a scheduled completion date of February 2021.
The debate over Western solar panels underlines concerns about Chinese provenance, particularly from Xinjiang, highlighting human rights issues.
Green hydrogen requires significant investment to become a major source of energy worldwide, and to reduce costs and partially replace fossil fuels. Despite its advantages, its current production is costly, and its success will depend on sustained energy policies, a change in the carbon price, and a developed renewable energy industry.
China is investing heavily in solar storage with the construction of an integrated power plant and Gigafactory.
SPIE, despite a difficult health context, shows its resilience with a rebound in the second half of 2020 and an increased commitment to sustainable development.
Turkey’s gas ambitions are intensifying territorial conflicts in the Mediterranean, jeopardizing a crucial cable project.
The Red Sea Drilling Company is developing geothermal energy in Djibouti to ensure energy independence with 1000 MW of 100% RE electricity by 2030, while training local engineers and attracting investment. It also plans to boost water supplies and expand beyond Djibouti’s borders.
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