Economy

Market Analysis

Renewables Overtake Coal in US Power Generation

Hydropower plants, solar farms, and wind farms generated more electricity than coal in the United States for a record 40 days in a row, the Institute for Energy…

Wind Power Company

Wind Turbine Maker Vestas Falls to First-Quarter Operating Loss

Vestas, the world's largest maker of wind turbines, on Tuesday reported a surprise operating loss for the first quarter.

Wind Power Project

Iberdrola Acquires Aalto Power for €100m in France

Iberdrola Renovables France has acquired French renewable energy company Aalto Power for €100m.

India Reduces Energy Intensity of Economy by 20% Compared to 2005

India’s energy efficiency measures have helped it to significantly reduce the energy consumption of its economy, bringing it down by 20% compared to 2005 level…

Hydrogen Project

Australian Hydrogen Project Ready to Move Ahead After $300 Million Investment

The country will be increasing its renewable H2 production following a massive expansion.

Solar Power for Home

SunPower Partners up with Tech CU for $1bn Investment

Silicon Valley-based SunPower has entered a £1bn partnership with Technology Credit Union to increase the financing options available to US residential solar c…

Coal Mine

Aussie Bank Westpac to Gradually Shift Away from Coal Financing by 2030

Australia’s Westpac Banking Corp plans to promote the transition to climate-friendly solutions and reduce support to thermal coal projects to bring its financi…

SunPower Bolsters Residential Solar Loan Programme with USD-1bn Partnership

SunPower Corp has entered into a USD-1-billion (EUR 919m) partnership with Technology Credit Union (Tech CU) that gives the Silicon Valley-based solar company a…

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.”