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Xi Calls for Advancement of All-Round Cooperation with ASEAN
Masdar Refinances Stake in London Array Windfarm
Masdar Energy UK, a wholly-owned subsidiary of UAE clean energy group Masdar, has refinanced its stake in the London Array offshore windfarm.
KKR to Buy Five Solar Assets from SP Group for $200 Million
Ending months of negotiations, KKR has agreed to buy 5 solar assets of 317 MW from the cash strapped Shapoorji Pallonji Group for $200 million, said people in the know.
Leeward Secures $162.9m Financing for Colorado Wind Farm
US-based independent power company Leeward Renewable Energy has completed financing for its 170MW Mountain Breeze wind farm located in Colorado.
America’s Green Fuel Is Likely to Escape Negative Prices
The American ethanol industry has been absolutely pummeled in the last year, forcing a wave of production shutdowns across the Midwest.
NAMIBIA: $63.23 Million Invested in Environmental Preservation Over 5 Years
According to a report recently released by the government of Namibia, N$1.2 billion (US$63.23 million) has been invested in environmental conservation. The funding has been injected by several financial partners.
Equinor Cuts First-Quarter Dividend by 67% Amid Oil Price Crash
Norwegian oil firm Equinor (EQNR.OL) will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude prices, it said on Thursday.
Renewables will Provide Over 25% of US Capacity within 3 yrs
FERC's latest monthly "Energy Infrastructure Update" report (with data through February 29, 2020) also reveals that wind and solar are on track to each provide more new generating capacity than natural gas over the next three years.
Solar PV Corporate Funding Expected to Take a Hit
Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic is squeezing cash flows. Between January and March this year, total corporate funding in the solar PV sector amounted to $1.9bn, spanning across 1
Canada Earmarks Energy Aid Funds to Reduce Emissions
Canada's prime minister announced a major aid package for the energy sector on Friday.
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.
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Xi Calls for Advancement of All-Round Cooperation with ASEAN
European Union Increases Funding for Renewables Growth in Nigeria
Japan Launches First Fixed Bottom Offshore Wind Auction
JinkoSolar to Sell Interest in Sweihan Solar to Jinko Power HK
Australia’s Government Invests AU$125m Towards Grid Infrastructure for Snowy 2.0 Pumped Hydro
Hong Kong Group Sets up Asia Clean Power Fund