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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Oil Price
29-04-2020
Oil Fund's Forced Sales Send WTI Prices Plunging Again, Says Kemp
Front-month U.S. light crude oil futures prices slumped almost 25% yesterday,
Wind Power Project
29-04-2020
Greencoat UK Wind to Acquire Scottish Wind Project for £320m
Greencoat UK Wind, the UK investment company, has agreed to buy South Kyle Wind farm in Scotland for £320m.
Solar Power Plant
29-04-2020
KKR to Buy 317MW of Solar Energy Assets from India's SP Infra
KKR, the global investment firm, has bought five solar assets from Indian infrastructure developers.
28-04-2020
Ireland’s Iirst Renewables Auction
Clean energy developers have three days left to pre-qualify for the first procurement exercise staged by the Irish Renewable Electricity Support Scheme. Solar will compete with wind – on and offshore – and biomass projects.
28-04-2020
Beach Energy Vows to Defend Itself After US Drilling Company Lobs Suit
Bankrupt Diamond Offshore Drilling has sued ASX-listed oil and gas producer Beach Energy for abruptly terminating a $US65 million ($101 million) drilling contract.
28-04-2020
US $350m Funding Secured for Spotsylvania Solar Energy Center in Virginia, US
US $350m funding for Spotsylvania Solar Energy Center in Spotsylvania County, Virginia, US has been secured. At 620 MW DC, this is the largest solar project east of the Rockies.
Wind Farm
28-04-2020
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.
Energy Investment
27-04-2020
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.
25-04-2020
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.
Market Analysis
24-04-2020
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.
Market Analysis
24-04-2020
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.
Oil Price
23-04-2020
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.
Market Analysis
22-04-2020
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.
Market Analysis
20-04-2020
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
20-04-2020
Canada Earmarks Energy Aid Funds to Reduce Emissions
Canada's prime minister announced a major aid package for the energy sector on Friday.
18-04-2020
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).
Market Analysis
17-04-2020
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.
16-04-2020
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.
Oil Price
16-04-2020
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
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.
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Most views from Energy Economy
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3
Google signs PPAs on 400-MW Texas solar project portfolio
4
ADB and Acwa sign US$116 million financing package to support wind power in Uzbekistan
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Aukera Secures €48.5 Million IFC Financing for Romania Battery Storage Project
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Equinor aims to sell 8% stake in solar energy firm Scatec