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Energy Taxation
Biden Tax Plan Replaces U.S. Fossil Fuel Subsidies with Clean Energy Incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%.
Wind Turbine Blade
Wind Power: Spanish Company InCom Opens Plant in Morocco, Its First in Africa
The new factory, extending over 3,000 m², required an investment of €1.5 million.
Solar Power Plant
Bluefield Acquires 70MWp Solar Plant in Wiltshire
UK-based green finance group Bluefield Solar Income Fund has acquired a fully operational 70MWp solar park in Wiltshire in a deal worth £89 million.
Oil & Gas Trade
Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe.
Clean Energy Transition
NJ Clean Energy Equity Act Passes Senate, Low-Income Communities Set for Solar Benefit
New Jersey’s State Senate has passed the Clean Energy Equity Act, a Bill which could bring hundreds of megawatts of solar to low-income families in the state.
Energy Storage Project
Final Phase of Council-Owned Battery Storage Site Goes Live in the UK
Fideoak Mill in Taunton will provide grid-balancing services to National Grid and demonstrates how investment in battery storage and renewables can generate inc…
Oil Price
Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …
Canada
Vehicle-to-Grid Business Model would Make Canadian EVs Cheaper
Canadian non-profit Plug’n Drive has looked at Ontario’s time-of-use electricity rates and found electric vehicle owners could generate substantial income.
Combined Heat and Power
Enel X Launches GEO to Optimise CHP Assets and Boost Operator Income
Combined heat and power plants are typically specified to meet the on-site energy needs of a business.
Oil Price
Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue
Incoming oil and gas tax revenues for April, the latest month of data, were just $38 million — 81% below the Legislature's forecast.
Nuclear Fuel
Belarusian Nuke Plant Wraps up Nuclear Inspection before Fuel Loading
The incoming inspection of the nuclear fuel or so-called fuel assemblies of the first core for Unit 1 reactor has been completed at the Belarusian nuclear power…
Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
China's Energy Storage Industry Hopes for Rebound in Second Half of 2020
While nearly 80 per cent of respondents were concerned about "lower operating income and tighter liquidity", they remained confident about the prospects for rec…
Oil Price
Iraq's Oil Income Falls by 40 Per Cent in March
Iraqs crude oil income fell by 40 per cent last month.
Wind Turbine
Aquila Acquires Third Danish Wind Project
Aquila European Renewables Income Fund has announced its intention to increase existing investment in Svindbaek Vindkraft HoldCo ApS .
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