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USDOE Approves $1.355bn Funding for NuScale’s SMR Project
Australian Hydrogen Project Ready to Move Ahead After $300 Million Investment
The country will be increasing its renewable H2 production following a massive expansion.
Solar Power for Home
SunPower Partners up with Tech CU for $1bn Investment
Silicon Valley-based SunPower has entered a £1bn partnership with Technology Credit Union to increase the financing options available to US residential solar customers.
Aussie Bank Westpac to Gradually Shift Away from Coal Financing by 2030
Australia’s Westpac Banking Corp plans to promote the transition to climate-friendly solutions and reduce support to thermal coal projects to bring its financing operations in line with the Paris Agreement goals.
SunPower Bolsters Residential Solar Loan Programme with USD-1bn Partnership
SunPower Corp has entered into a USD-1-billion (EUR 919m) partnership with Technology Credit Union (Tech CU) that gives the Silicon Valley-based solar company access to capital for its loan programme.
Renewables Market to Hit $226 Billion by 2021, Despite COVID-19
A new report exploring the impact of COVID-19 on the global market for renewable energy has been released.
Bangladesh Launches $218.7m Green Transformation Fund
Bangladesh has introduced a $218.7m Green Transformation Fund to provide soft loans to solar developers.
CEFC to Kick-Start Australia’s Hydrogen Industry with New $300m Investment Fund
The federal government has established a new $300 million fund to invest in Australia’s emerging hydrogen industry, which it hopes will kick start jobs and exports from the sector.
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Before the pandemic, Rystad Energy was forecasting annual E&P revenues at US$2.35 trillion this year and US$2.52 trillion in 2021.
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The IEA noted that global renewable energy generation is up 3 during the pandemic, one of few bright spots during the crisis.
Coal Exit Plans on the Rise in Asia
Lenders could follow after Mizuho's move to shun financing of coal-fired power.
Historic Shift: U.S. Energy Production Outpaced Consumption in 2019, EIA Says
Energy hasn’t felt this groundbreakingly productive since Elvis Presley was electrifying audiences with “All Shook Up.”
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
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
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.
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.
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.
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.
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
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Total Drives Green Strategy With €500m Zero-Crude Project
Vietnam Requires $133.3bn in Power Investment By 2030
Europe Announces First-Ever Renewable Energy Institute
NextEra Energy to Acquire Power Transmission Company GridLiance
ExxonMobil to Cut European Workforce By 1600
Jordan to Leverage €1.4 million EIB Grant to Boost Municipal Efficiency Programmes