Bill

Solar Company

GCL Plans To Invest $2.5 Billion In World’s Largest Solar Panel Factory

A report by Power Technology claims China’s GCL Systems Integration Technology plans to invest more than $2.5 billion to construct the world’s largest solar p…

Power Construction

AfDB Provides €62M for Rural Electrification in Over 1,300 Localities in Côte d'Ivoire

The African Development Bank (AfDB) has recently granted a loan of about 41 billion CFA francs (€62.35 million) to Côte d'Ivoire.

Electricity Transmission

SIEMENS-TERNA Consortium Secures 370 Mln Euro Contract in Greek Power Link

A consortium of Siemens and Terna has been awarded a 370 million euro ($410 million) contract as part of a 1 billion euro Greek power project to link Athens to …

Solar Power Panel

World’s Biggest PV Module Factory

GCL System Integration plans to build a 60 GW solar module factory in China’s Anhui province, with a total investment of approximately $2.5 billion.

30-gw Tongwei Solar Photovoltaic Industrial Base Project

It will invest a total of CNY 20 billion (USD 2.82bn/EUR 2.56bn) in the so-called Tongwei Solar Photovoltaic Industrial Base Project located in Huaizhou New Tow…

Energy Technology

Bill Gates Invests in Hydropower Technology

Breakthrough Energy Ventures, a company founded by Microsoft founder billionaire Bill Gates, has received an $ 11 million investment in Natel Energy. Natel Ener…

Wind Farm

ACCIONA to Build a Largest Ever Wind Farm in Australia

ACCIONA will build its largest ever wind farm in Australia, the MacIntyre complex in Queensland, with a total capacity of 1,026MW. The project will boost the Qu…

Green Initiatives Almost Derailed The $2 Trillion Stimulus Bill

Oil prices crashed on Monday when the US Senate failed to reach a deal on the Stimulus Bill over the weekend. The idea was to quickly pass legislation that woul…

Oil Price

Libya Says Oil Shutdown Losses Exceed $3.5 Billion

Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when t…

Solar Company

LONGi Approves Almost US$1 Billion in Capex for 25GW of New Capacity in 2020

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology (LONGi Group) has approved capital expendit…

5gw Clean Energy & Storage Plant

Beijing Jingneng Power Co., a Chinese state-owned utility, plans to invest 23 billion yuan ($3.3 billion) in a project that will combine wind and solar power ge…

Offshore Wind Power

Wind Energy Group Says $43 Billion at Risk from COVID-19

Energy groups continue to assess the industry disruption caused by the coronavirus, with the American Wind Energy Association (AWEA) on March 19 saying the glob…

Oil Price

US Seeks $3 Billion to Boost Oil Producers as Prices Plunge

The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping u…

Oil Price

Russia Sees Oil & Gas Income Fall By Almost $40 Billion

Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…

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…