Bangladesh is facing a big challenge over an unpaid energy bill of nearly $500 million owed to India, and it’s putting pressure on the country’s new interim government. The Financial Times (FT) recently reported that Bangladesh is rethinking its energy deals, particularly one involving Indian conglomerate Adani Group. The Background
Germany, once known for its strong industrial base, is facing a huge economic problem, and Volkswagen is feeling the heat. Here’s what’s happening: The Big Problem: Germany’s Economy is in Trouble Germany’s economy is struggling like never before. The country, famous for its strong manufacturing, is now seeing a decline
Gas prices in Europe are rising, and it’s making Russia richer, which could deepen the financial gap between what Europe pays Russia for energy and what it gives Ukraine in aid. This increase in prices comes after Ukraine’s recent military action in the Russian region of Kursk, where a major
Ukraine is facing a major energy dilemma as Hungary and Slovakia threaten to cut off its electricity supply if Ukraine doesn’t ensure oil transport to these countries. With around 40% of Ukraine’s electricity imports coming through Hungary, such a move could lead to severe blackouts in Ukraine, which is already
Nevada has just launched the largest solar and battery energy storage project in the U.S., called the Gemini Solar + Storage project. Located near Las Vegas, this huge setup features 1.8 million solar panels and 380 megawatts of battery storage. It can power about 10% of Nevada’s peak electricity needs
A thrilling new project aims to build a nearly 4,000-kilometer undersea power line connecting vast wind and solar farms in Morocco to the UK, potentially supplying clean energy to around seven million homes. Simon Morrish, the project’s architect, believes this is the best solution for Britain’s future electricity needs. However,
Since March, Ukraine has lost half of its remaining power generation capacity due to ongoing Russian strikes, leaving the country with severe energy deficits. Volodymyr Kudrytskyi, CEO of Ukrenergo, revealed the grim reality during a recent panel discussion, where the dire situation was underscored by frequent blackouts. With winter approaching
In a post on X, Ecuador’s Minister of Public Works, Roberto Luque, revealed that the nationwide power blackout, which plunged the country into darkness, was due to a failure in the transmission line. On Wednesday afternoon, a national power outage occurred in Ecuador, leaving 17 million people without electricity. Authorities
The Wyoming Energy Authority awarded BWX Technologies Inc. a multimillion-dollar contract to develop small nuclear reactors to address power grid issues in the Powder River Basin. To counter a federal attempt to shut down its lucrative coal mining sector in the energy-rich Powder River Basin, Wyoming is strengthening its relationship