Bloomberg A Nigerian court suspended the government’s cancellation of eight oil concessions, hampering the state’s ability to include the withdrawn permits in a bidding round opened this week. A judge at the Federal High Court in Lagos granted an injunction, preventing the government from re-awarding the eight permits before a lawsuit challenging the legality of the terminations is resolved. Ten ...

Bloomberg Three years after Elon Musk took up a challenge to solve Australian power outages by building the world’s biggest battery, a Siemens AG venture wants to install even larger ones to bolster renewable investment in the nation. Fluence, a partnership between Germany’s Siemens and Arlington, Virginia-based AES Corp, is proposing to build two giant lithium-ion batteries at strategic points ...

Bloomberg China completed construction of a $3.17 billion ultra-high voltage (UHV) electricity line that for the first time will transport only clean energy. It’s the first UHV line in the world built to transmit only carbon-free electricity, its developer, State Grid Corp of China, said. It will allow more renewables to be developed in Qinghai and Gansu provinces and deliver ...