Economy

Market Analysis

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.

Energy Investment

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 exp…

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 Production

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 Price

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 w…

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 contra…

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 eas…

Wind Farm

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.

Energy Investment

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 t…