Ande

Energy Saving

Slovakia to Expand Energy Efficiency Market with EIB Aid

Slovak Investment Holding has expanded its partnership with the European Investment Bank (EIB) to expand the energy efficiency market in Slovakia.

Energy Investment

Canadian Government Commits C$320 Million to Aid Offshore Oil Industry

Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.

Crude Oil

Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021

Russia’s oil producer Gazprom Neft believes that global oil demand will return to its pre-pandemic levels in the second half of 2021.

Offshore Wind Power

BI Energia Signs Protocol of Intentions with RN for Offshore Wind Energy in Brazil

The agreement provides for the installation of 624 MW of wind power on the coast of Rio Grande do Sul, after the license was denied to the company’s wind farm …

Hydropower Plant

Emerson Wins Contract to Upgrade 1,890MW Salto Grande Hydro Complex

The Salto Grande Mixed Technical Commission has awarded Emerson a contract to modernize operations at the 1,890MW Salto Grande Hydroelectric Complex.

Market Analysis

Russian Energy Minister: Global Oil Demand is Expected to Fully Recover in the Second Quarter of 2021

Russian Energy Minister Alexander Novak participated in the OPEC+ JMMC online meeting and said that global oil demand is expected to fully recover by the second…

Power Construction

Philippines' Power Consumption to Contract by 5.9% by End-2020

Slowdown in economic activity and the pandemic to weigh on the power and renewables sector.

United States

Renewables Now Generate More Power than Coal Amidst the Pandemic in the U.S.

​During this pandemic, Renewable energy (Hydro, Solar, Wind) dethrones Coal to produce more energy in the United States.

Energy Technology

EU Energy Tech Incubator Opens US Office

European sustainable energy technology incubator EIT InnoEnergy has expanded into the US, opening an office in Boston.

Oil Price

Saudi Economic Outlook Sours After Oil Price Crash

Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingd…

United States

SunHydrogen Accelerates Hydrogen Technology Development

Californian developer of hydrogen production technology SunHydrogen has renewed and expanded its sponsored research agreement with the University of Iowa for an…

Oil Price

Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd

Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on F…

Energy Transition

UN Chief Urges Japan, Others to Meet Goals on Climate Change

The United Nations chief urged Japan and other wealthy nations on Thursday to give up their reliance on coal and other fossil fuels and commit to investments in…

Chile

Chile: Mainstream Renewable Power Secures Funding for 630MW of Renewable Generation

Mainstream Renewable Power has closed funding of US$620 million for the second phase of the Andes Renovables wind and solar generation platform in Chile.

Coal-Fired Power Plants

Japanese Coal Burn Slips to Historic Low in May

The Covid-19 pandemic drove Japanese coal-fired power generation to a more than four-year low in May, although the fuel's cost advantage for power generation sa…