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Energy Economy

Google signs PPAs on 400-MW Texas solar project portfolio

Google signs PPAs on 400-MW Texas solar project portfolio

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
20-02-2020

Trump's Agriculture Department Announces 30% Biofuel Goal for 2050
The U.S. Department of Agriculture on Thursday announced a goal for biofuels to make up 30% of U.S. transportation fuels by 2050, a move that could bolster an industry that has been otherwise battered by the Trump administration.
19-02-2020

U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA, according to U.S. government documents.
18-02-2020

Asian Markets Fall as Coronavirus Hits Earnings, Growth
China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countries and territories.
16-02-2020

OPEC Underestimates the Virus
The Covid-19 virus is a human tragedy for many who have been affected by it and it’s having a profound impact on the lives of a large part of the Chinese population.
14-02-2020

Libya's Oil Corporation: Blockade Losses Exceed $1.3 Billion
Economic fallout continues from the shutdown of Libya’s vital oil fields, with losses surpassing $1.3 billion, the national oil corporation announced Tuesday.
13-02-2020

EDF Group Acquires 50% Interest in Irish Offshore Windfarm Project
The EDF Group has acquired a 50% interest in an offshore wind farm project in Ireland from wind energy company Hazel Shore.

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