Bill

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…

Oil&Gas Drilling

Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil

Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Anta…

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…

Market Analysis

World Fritters Away Half Trillion Dollars on Coal Support

Nations around the world risk wasting $640 billion by continuing to prop up the coal industry rather than investing in less expensive and environmentally friend…

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…

Coal Power Developers 'Risk Wasting Billions'

Coal power developers risk wasting hundreds of billions of pounds as new renewable sources are now cheaper than new coal plants, a report has said.

Oil & Gas Trade

Oil Crisis Deepens in Libya as Losses Exceed $3 billion

The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…

Off-Grid

Off-Grid Energy Key to Power Growth in Emerging Markets

Approximately $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019.

Oil Price

Lower Oil Prices to Provide Tailwinds to Indian Economy

The present run of lower oil prices will bring significant benefits for the Indian economy as reduced import bill and lower current account deficit and inflatio…

Wind Turbine

Wind Turbine Orders Hit £60bn Over 2019, Woodmac Finds

Global wind turbine orders reached almost £60 billion in 2019, according to new research by Wood Mackenzie (Woodmac). The research firm claims that of the £60…