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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…

Hydrogen Project

Australia's CEFC Launches $300m Hydrogen Project Fund

The Clean Energy Finance Corporation has welcomed the launch of the $300m Hydrogen Fund.

Wave Energy

SINN Power Develops Floating Ocean Hybrid Platform

​SINN Power has developed a floating ocean hybrid platform it says can be used “as a complete off-grid energy solution,” generating renewable energy from wav…

Oil Price

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer

​Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…

Oil & Gas Trade

Venezuela Oil Exports Climb As OPEC Agreement Kicks In

​While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…

Energy Storage Project

SCE Signs Contracts for 770MW of Energy Storage Capacity

​US-based utility company Southern California Edison (SCE) has signed seven contracts for 770MW of battery-based energy storage capacity to strengthen Californ…

Market Analysis

US Renewable Leader Reports Strong First Quarter Despite Covid-19

​The American Wind Energy Association (AWEA) released new data today, showing the good performance of Dallas-based Tri Global Energy (TGE), a wind power compan…

Solar Power Plant

Lightsource BP Sets live Kansas’ Largest Solar Plant

​Lightsource BP and US utility Sunflower Electric Power Corporation have announced the commercial operation of the largest solar energy plant in Kansas.

Smart Grid

UK’s Smart DCC Installs Cellular Network to Support Smart Meter Innovation

​UK smart grid management firm Smart DCC’s new Manchester office, Brabazon House, is now host to its own in-building advanced cellular network to enable testi…

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…

Energy Storage Battery

Tesla Applies for UK Electricity Licence in Potential Big Battery Power Play

While Elon Musk was Tweeting his frank opinion of Tesla’s stock price (and sending it tumbling) over the weekend, news also emerged that the company he co-foun…

Market Analysis

Australia Wind Output Breaks Through 5,000MW for First Time

​Australia’s wind energy output broke through the 5,000MW for the first time late last Friday – little more than a year after it broke through the 4,000MW mi…

Market Analysis

Largest Solar Project in Eastern US Progresses Despite Market Uncertainty

​Mega-solar projects topping 500 megawatts have cropped up in many regions of the U.S., but land constraints have mostly kept such behemoths out of the Southea…

Crude Oil

Saudi Must Reduce Expenditures to Ease COVID-19 Economic Impact: Minister

​Saudi Arabia "must reduce expenditures" to mitigate the economic impact of the COVID-19 pandemic, Finance Minister Mohammed al-Jadaan said.