September, 2022

• 17 September

  Eskom CEO sees South African gas as key in transition from coal

  

    Bloomberg Eskom Holdings SOC Ltd, South Africa’s state power utility, favors burning more domestically sourced gas as it transitions away from coal, its CEO Andre de Ruyter said. With the structure of the nation’s demand changing and more renewable technology being added to the grid, additional storage in the form of batteries will be needed along with power that can ...

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• 17 September

  European gas declines as bloc prepares details for intervention

  

    Bloomberg Natural gas prices fell as the European Union started outlining details of its intervention into an unprecedented energy crisis, including a proposal for targets to reduce electricity demand. Power prices also slumped. Benchmark gas futures declined as much as 9.3% to the lowest in a month. Still, prices remain almost eight times higher than normal for the time ...

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• 17 September

  Xi’an Longi Green Energy to send solar panels into space

    Bloomberg Longi Green Energy Technology Co, the world’s biggest solar technology manufacturer, will send panels into space as the first step in plans to test the feasibility of harnessing the sun’s power in orbit and transmitting it back to Earth. The Xi’an-based clean energy giant, which has helped China dominate the solar industry and drive down costs, will also ...

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• 17 September

  Biden pledges $50m for floating wind turbines

    Bloomberg The Biden administration set a new goal for deploying floating wind turbines in deep waters off US coasts and unveiled nearly $50 million in initiatives designed to propel the nascent technology. The effort is aimed at positioning the US to be a world leader in selling and using floating wind turbines that can generate electricity in deep waters ...

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• 17 September

  Netherlands buys up diesel before winter, sanctions on Russia

  

    Bloomberg The Netherlands is purchasing millions of barrels of diesel in preparation for what is set to be a winter like no other. The country’s petroleum stockpiling agency, COVA, has issued tenders seeking more than three million barrels of diesel for delivery before the end of the year, with potentially more to come. That comes as the European Union ...

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• 17 September

  Air Canada says short-haul future includes electric jets

  

    Bloomberg The head of Air Canada says the carrier will be able to offer zero-emission electric flights to customers in Canada as soon as 2028. The airline said it will purchase 30 ES-30 electric-hybrid aircraft for an undisclosed amount. The planes, which are being developed by Sweden-based Heart Aerospace AB, are “much more cost efficient” and could help the ...

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• 17 September

  Garuda may remove first class seats in domestic bet

  

    Bloomberg Distressed airline PT Garuda Indonesia may stop selling first class tickets as it focuses on flying local. The state-owned carrier will concentrate on business, premium economy and economy seats because it is more suitable for the market, State Enterprises Minister Erick Thohir said. He reiterated that Garuda will stop most international routes to cut costs, except for a ...

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• 17 September

  UK retail sales drop most this year over cost-of-living crisis

  

  Bloomberg UK retail sales fell at the sharpest pace in eight months in August as a worsening cost-of-living crisis and plunging confidence forced consumers to cut back on spending. The 1.6% drop was more than three times the decline predicted by economists and reflects the squeeze on households from soaring energy bills and inflation near a 40-year high. All retail ...

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• 17 September

  SAS confident for winter over funding, travel rebounds

  

  Bloomberg SAS AB Chief Executive Officer Anko van der Werff said he’s confident the Scandinavian airline will emerge successfully from a Chapter 11 restructuring after winning clearance for a $700 million financing package and seeing a rebound in its own performance. Approval for the Apollo Global Management funding from a US bankruptcy judge is “the biggest and most important news” ...

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• 17 September

  BA halts 100 flights to damp noise at Royal state funeral

    Bloomberg British Airways will scrap 100 flights from its London Heathrow base on Monday and re-time others as the airport, airlines and air traffic controllers work to minimise noise during Queen Elizabeth II’s state funeral. About 15% of Heathrow’s schedule will be altered, according to the hub, with flights halted for various durations through the day. There will be ...

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