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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Oil & Gas Trade
14-04-2020
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.
Oil Price
13-04-2020
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.
Solar Company
09-04-2020
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.
Market Analysis
07-04-2020
How COVID-19 will Affect Global Biofuels Demand
The novel coronavirus (COVID-19) outbreak is sending shockwaves through the global economy.
Offshore Wind Power
07-04-2020
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
26-03-2020
India's Coal Sector Faces Stranded Asset Risks Amounting $40b
The resulting liquidity crunch could keep banks from lending to the renewable sector.
Oil Price
26-03-2020
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...
24-03-2020
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.
22-03-2020
$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.
18-03-2020
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.
17-03-2020
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.
17-03-2020
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.
17-03-2020
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.
16-03-2020
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.
15-03-2020
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.
05-03-2020
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.
04-03-2020
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.
02-03-2020
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.
01-03-2020
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.
28-02-2020
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.
27-02-2020
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.
24-02-2020
Three Gorges Group Started 25 New Energy Projects with a Total Investment of 58billion CNY
The Three Gorges Group issued a mobilization order through a video conference in Beijing on February 24, announcing the commencement of construction of 25 new energy projects with a total installed capacity of 3.92 million kilowatts and a total investment
24-02-2020
Teck Resources Drops Plans for $15.5bn Frontier Oil Sands Mine Project
The announcement comes just days ahead of a decision scheduled to be taken on the approval of the Frontier Oil Sands Mine Project by the Canadian cabinet.
23-02-2020
China Starts to Reopen Gates to US Ethanol
China will offer tariff exemptions of nearly 700 types of goods from the US, including fuel ethanol, the Chinese government announced Tuesday, but traders are currently uncertain about its impact on future imports.
22-02-2020
China’s Exim Bank Agrees $214m Loan for Rwandan Dam
A $214m concessionary loan has been agreed between the Export-Import Bank of China and the government of Rwanda for the Nyabarongo II dam, to be built by Chinese hydropower specialist Sinohydro
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