Energy economy

Oil Price

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 …

Solar Company

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 flo…

Market Analysis

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.

Oil Price

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 Stra…

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 h…

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 fina…

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.

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 News…

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-weak…

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, unloc…

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 fo…