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Wind Turbine

GE Renewable Energy Wins 209MW Australian Turbine Contract

GE Renewable Energy has announced contracts for the construction and operation of the 209MW Murra Warra II wind farm in Victoria, Australia.

United Kingdom

BP Cuts Dividend for First Time in a Decade After Record Loss

The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.

United States

Solar Wind Grow 14% and Now Generate Over One-Eight of U.S. Electricity

Renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) produced significantly more electricity than either coal or nuclear power during t…

Investment Guide

China's Investment Cooperation with Countries Along the "Belt and Road" in the First Half of 2020

Chinese companies invested RMB 57.1 billion in non-financial direct investment in 54 countries along the “Belt and Road”.

Can Underwater Turbines Solve Our Energy Problems?

Can Underwater Turbines Solve Our Energy Problems?

Nuclear Power Plant

France Remains the Top Country for Nuclear Power

A series of measures have been announced aimed at making the economy more environmentally friendly such as a ban on outdoor heaters at bars and restaurants.

Electric Car

Israel Expects Half Of New Cars Sold In 2030 To Be EVs

Israel is preparing for a massive roll-out of electric vehicles on its roads over the next decade and is instructing its cities to build hundreds of charging po…

Pumped Storage

Genex, J-Power Ink Equity Funding Deal for 250-MW K2 Hydro Storage Project

Japan’s Electric Power Development Co Ltd, known as J-Power, has committed to invest up to AUD 25 million in Genex Power Ltd’s 250-MW K2 pumped storage hydro …

Wind Power Project

Spain's Lantania Starts Development of 250 MW of Wind Projects in Galicia

Spanish infrastructure group Grupo Lantania announced last week it has begun works to develop a wind portfolio with a total capacity of 250 MW in the autonomous…

Germany

Germany Backs Orsted Green Hydrogen Team

Federal government funding approved for the Westkuste 100 project which aims to develop a 700MW electrolyser.

Oil&Gas Drilling

U.S. Offshore Rig Count at 12 for Four Weeks Straight

The U.S. offshore rig count has remained flat for another week, making this the fourth week straight with 12 active units.

United States

Chevron Posts Massive $8.3 Billion Loss

U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.

Wind Farm

Sembcorp Unit Completes 800MW Wind Farms in India

This brings the company’s renewable capacity in India to 1.73GW.

Electricity Transmission

Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035

Brazilian state-owned power company Eletrobras plans to invest 6 billion reais per year until 2035 expanding its power generation and transmission.

Market Analysis

Poland to Cease Coal Dependency by 2060

Polish Deputy Prime Minister Jacek Sasin has announced that the country will cease to rely on coal energy by 2060 at the latest.