Ut

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.

Crude Oil

Russia is Raising Crude Oil Output as OPEC+ Cuts Ease

OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.

Market Analysis

German Solar Installation Hits Record Rate in First Half of 2020

The volume of photovoltaic power put into operation over the first half of 2020 jumped by about 20% compared to last year.

Wind Power Project

RWE to Acquire 2.7GW Renewable Project Pipeline from Nordex

The Nordex Group has selected German electric utility company RWE Renewables as a buyer for its European onshore wind and solar projects.

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.

Hydropower Plant

Enel Enters into 164MW PPA in Guatemala

Enel Green Power has signed a power purchase agreement with Guatemalan energy distributor Comercializadora de Energia para el Desarrollo.

Solar Power Plant

EDF Makes 200MW Solar Power Play in Nevada

EDF Renewables North America has signed a 22-year power purchase agreement with NV Energy for the supply of electricity from the future Chuckwalla solar farm in…

Oil Price

ExxonMobil Posts First Consecutive Quarterly Losses Since the Mid-80s

Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.

Nuclear Power Plant

IAEA Data Animation: Meeting Climate Goals as Countries Embark on Nuclear Power

Based on the Sustainable Development Scenario in the International Energy Agency’s World Energy Outlook, 2019.

Mozambique

AfDB Takes Stock of Water Projects that Have Benefited 20m Africans

From Mozambique in the south to Morocco in the north, 20 million people in rural and urban areas of Africa have gained access to clean drinking water for the fi…

Distributed Solar

New Zealand Government’s Solar Plans key to 2050 Goal

The New Zealand government’s planned solar installations across six of its institutional campuses announced earlier in July.

Energy Transition

Asia Reassesses Energy Transition Strategies

Asia has reassessed its energy transition strategies by accelerating utility digital transformation.

Nuclear Technology

US Announces Plan to Put Nuclear Power on the Moon

Battelle Energy Alliance, LLC, the managing and operating contractor for the U.S. Department of Energy’s Idaho National Laboratory.

Wind Power Project

Chevron and Algonquin to Co-Develop Renewable Energy Projects

Chevron USA has signed a four-year agreement with Algonquin Power and Utilities to co-develop renewable power projects.

Floating Offshore Wind

Gran Canaria Floater Takes Shape

Construction has started on a floating offshore wind platform developed by the PivotBuoy consortium ahead of installation this autumn off the Canary Islands, Sp…