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Ida
New Fortress Energy signs PPA for 300MW gas power plant
New Fortress Energy has signed a 25-year power purchase agreement (PPA) with electricity distribution companies Distribuidora de Electricidad del Norte (DisNort…
Power Construction
Greece's PPC Gets EUR 100m from EIB for Grid Modernisation
The European Investment Bank (EIB) and Greek utility PPC SA (ATH:PPC) on Friday signed an agreement for a EUR-100-million (USD 108m) loan supporting investments…
Offshore Wind Power
Construction Finalised at EDP's 205-MW Wind Farm in Illinois
Construction has been completed at EDP Renewables’ 205-MW Bright Stalk wind farm in Illinois, civil contractor Mortenson said on Friday.
Coal Trade
Chinese Coal Traders Hunt for Short-Term Buys Amid Virus Disruption
Chinese coal traders and small coal-fired utilities are scrambling to lock in supplies of fuel from miners, worried about the prospects of market tightness as d…
Wind Farm
Construction Finalised at EDP's 205-MW Wind Farm in Lllinois
Construction has been completed at EDP Renewables’ 205-MW Bright Stalk wind farm in Illinois, civil contractor Mortenson said on Friday.
Rwanda Secures $214 mln China Loan for Hydropower Plant
Rwanda secured a $214 million loan from China’s Export-Import Bank (EximBank)to build a new 43.5 megawatts hydropower plant that will help it reduce reliance o…
Crude
Oil Falls 1% as Russia Needs Time to Mull more Opec+ Supply Cuts
Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus o…
Crude
Oil Climbs After Russia Backs Possible Output Cuts to Counter Coronavirus Impact
Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting demand for cru…
Siemens Gamesa Swings to Loss and Cuts Guidance
Siemens Gamesa Renewable Energy SA said Tuesday that it swung to a loss in the first quarter of its fiscal 2020 due to project delays, and lowered its full-year…
MeyGen Tidal Energy Project Achieves a World First
The MeyGen tidal array scheme in the Pentland Firth last year recorded the longest period of uninterrupted electricity generation ever reached.
MeyGen Tidal-Energy Array Exports Electricity for Whole of 2019
The world’s largest tidal-stream array ran for the whole of 2019, the longest ever period of uninterrupted generation from a multi-megawatt tidal turbine insta…
Oil & Gas Trade
Oil Falls Below $61, Heading for Weekly Loss on China Virus Concerns
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread.
Japan Minister Seeks Review of Coal-fired Plant in Vietnam
In the face of international pressure regarding the building of coal-fired power plants, Japan's environment minister on Friday called on the government to reco…
Thermal Plant
German Local Utilities Say Threatened by Hard Coal Exit Plan
German local utilities group VKU said on Friday the government’s draft plans to phase out hard coal fired power stations in the coming years as part of its cli…
Electric Car
Democratic Presidential Candidate Pushes All New Cars to Be Electric by 2035
Democratic presidential candidate Michael Bloomberg would push for all new cars to be electric by 2035 and new buildings to produce zero carbon emissions by 202…
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