Dominion Energy to quadruple renewable energy goals by 2035
To get there, Dominion now plans on having 5,100 MW of offshore wind, 15,900 MW of solar, and 2,700 MW of energy storage by 2035.
Year: 2020
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Covid-19: Nigeria’s oil, gas exports to fall by $26.5bn —IMF •Oil price rises to $25
In a detailed report regarding the request, released late on Wednesday, the Washington-based fund warned that Nigeria remained exposed to rising risks, particularly in oil markets.
Damilola Ogunbiyi and Riccardo Puliti: Energy access takes center stage in COVID-19 fight, powering Africa’s recovery
To avoid the worst impacts and help contain the virus worldwide, we must act now to deploy solutions that can provide life-saving energy access to those who need it most.
The role of local content in building Africa’s oil, gas and renewables energy mix
Africa is at an energy cross-roads. The continent’s best-educated, most entrepreneurial and competitive generation is rising and taking on leadership positions that will propel African companies to become more competitive. After such a long time dealing with the problems of the past, Africans can now look to the future. After all, when it comes to…
MPower raises $430k to expand its off-grid energy solutions in Africa
By Milcah Lukhanyu MPower, a Switzerland-based tech4impact venture tackling the challenges of energy access and financial inclusion in Africa has raised $430,000) via British crowdfunding platform Crowdcube to help it upgrade its software, scale-up operations in its current markets and launch into three new markets by the end of the year. MPower, which had over…
Nigeria’s economy after oil: How should we prepare?
By Bode Agusto Crude oil is one of the principal sources of energy to the World. In 2018, its market share was 34%, other principal sources of energy were Coal and Natural gas with market shares of 27% and 24% respectively. What does crude oil do for the World?It helps us to transport our vehicles,…
Clean energy can drive the Coronavirus recovery, Massachusetts advocates say
Activists and businesses are making the case to make solar, offshore wind, and electric transportation a priority.
How to save energy whilst working from home
Although it is inevitable that you will be consuming more energy in your home during this time, you can keep this to a minimum by saving energy on the little things.
How Nigeria can leverage on negative oil prices
By Ijeoma Nwogwugwu With the price of a barrel of West Texas Intermediate (WTI), the benchmark for US crude oil, sinking into negative territory on Monday for May deliveries, and the price of Brent Crude – the benchmark used by Europe and the rest of the world – down by 25% to $19 yesterday, it…
The surprising winners and losers of the global oil glut
By Tsvetana Paraskova Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many countries. OPEC and its Russia-led allies promised to remove 9.7 million bpd from the market starting in May. But oil storage…