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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting
BlackRock GEPIF Obtains Financial Close for $5.1bn
BlackRock’s Global Energy and Power Infrastructure Fund (GEPIF) has obtained a $5.1bn financial close for the Global Energy and Power Infrastructure Fund III (GEPIF III).
Coronavirus Spurs New Clash Between Big Oil and Big Corn Over U.S. Biofuels
A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation’s biofuel policy.
States ask EPA for Nationwide Biofuel Waiver to help Oil Refiners Weather Coronavirus
The governors of five U.S. states have asked the Trump administration for a nationwide waiver exempting the oil-refining industry from the nation’s biofuel laws to help it survive a demand meltdown caused by the coronavirus outbreak.
Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output
The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.
Oil & Gas Trade
Is Saudi Arabia Restarting The Oil War?
Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, despite Sunday’s historic global production cut deal.
Mexico's Secret Weapon in the Oil Price War
As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from low prices.
Global Corporate PV Funding Down 31% Amid Covid-19 Crisis
Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flows are down by considerable margins on all metrics.
How COVID-19 will Affect Global Biofuels Demand
The novel coronavirus (COVID-19) outbreak is sending shockwaves through the global economy.
Offshore Wind Power
European Wind Investment Slides as Covid-19 Undercuts Spending Power
The impact of the coronavirus pandemic is likely to reduce liquidity in debt and equity markets, WindEurope says.
Coal-Fired Power Plants
India's Coal Sector Faces Stranded Asset Risks Amounting $40b
The resulting liquidity crunch could keep banks from lending to the renewable sector.
Not Even The $2 Trillion Stimulus Package Can Save Oil Markets
The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels of oil for the Strategic Petroleum Reserve and...
Shell Pauses $25bn Share Buyback Scheme Amid Oil Market Disruption
Weak demand and falling prices have persuaded Shell to suspend its share buyback scheme for the year, as French major Total follows suit.
$160 Millions for Renewable Energy Through the Energy Inclusion Facility
The Energy Inclusion Facility (EIF) of the African Development Bank (AfDB) has raised USD 160 million. The funds provided by several development partners will help finance renewable energy projects in Africa.
Oil’s Plunge Is an Existential Threat to a Far Cleaner Biofuel
It withstood a downward currency spiral, economic malaise, a jump in raw-material costs and political upheaval. Now one of Brazil’s booming industries has finally met the foe that could take it down: the oil crash.
EU Sets Aside EUR 980 Million for Clean Energy Infrastructure
The European Commission has released EUR 980 million of funding for key European energy infrastructure projects with major cross-border benefits.
Ireland Shares €1m for Research Targeting Geothermal Energy
Three projects in Ireland are to receive a share of €1m in funding for research targeting geothermal energy.
PG&E Wins Approval for $23 Billion Bankruptcy Financing Package
Power producer PG&E Corp (PCG.N) said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments.
Oil giant Saudi Aramco Sees 2019 Profits Drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic.
U.S. to Spend $50 Billion, Buy Oil Amid Virus Economic Pain
With the economy reeling, United States President Donald Trump on Friday, March 13, declared a national emergency to stem the damage from the coronavirus, unlocking $50 billion.
Poland Faces $15 Billion Nuclear Power Bill over 20 Years
Poland will have to spend 60 billion zlotys (12.2 billion pounds) on its planned nuclear power plants over the next 20 years, the Polish minister responsible for energy infrastructure Piotr Naimski said on Wednesday.
Slovakian Govt backs EUR-1bn EV Battery Gigafactory by InoBat
InoBat Auto, the Bratislava-based battery maker with plans for a 10-GWh plant, has secured funding from the Slovakian government for a research and development (R&D) facility.
Concerns Over £1.1bn Cross-Channel Power Link’s Impact on Proposed Sussex Windfarm
Concerns have been raised that the proposed £1.1bn Aquind Interconnector between the UK and France will impact the construction of a windfarm on the Sussex coast.
Saudi Economy Grows just 0.3% in 2019 as Oil Sector Shrinks
Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although the non-oil sector accelerated.
Almost £4 million Raised for Company Behind MeyGen Project
SIMEC Atlantis Energy, the company behind the poineering MeyGen renewable energy project in the Pentland Firth, has raised almost £4 million in a successful bond issue.
Slovakia Launches First Renewables Auction
The ceiling price for solar and wind power has been set at €84.98/MWh. It is expected around 30 MW of generation capacity will be allocated and solar projects ranging in size from 100 kW to 2 MW will be entitled to participate.
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Offshore Wind Giants Target Australian Tender
First Gen Subsidiary Wins Bid for Casecnan Hydropower Plant
Totalenergies Potentially Interested in Acquiring Akuo
UAE’s Mensha Ventures and China Join Forces to Invest $1BN in GCC Sustainable Projects
Verano Energy Continues to Add Projects to Its Growing Portfolio in Latin America With the Purchase of 296 MWP in Colombia
Indian Utility Launches 13.8 GW Pumped Storage Tender