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50Hertz's Parent to Fund Offshore Grid Links with EUR-750m Green Bond
The parent company of 50Hertz Transmission GmbH, the transmission system operator (TSO) in northern and eastern Germany, has placed a EUR-750-million (USD 813m)…
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 40 to Rs 1,874 per barrel as participants widened their positions on firm spot demand.
Solar Power Plant
Innergex Achieves Financial Close for 200MW Hillcrest Solar Project in Ohio, US
Independent renewable power producer Innergex has secured financing for the 200MW Hillcrest solar photovoltaic project.
Market Analysis
Renewables Overtake Coal in US Power Generation
Hydropower plants, solar farms, and wind farms generated more electricity than coal in the United States for a record 40 days in a row, the Institute for Energy…
Wind Power Company
Wind Turbine Maker Vestas Falls to First-Quarter Operating Loss
Vestas, the world's largest maker of wind turbines, on Tuesday reported a surprise operating loss for the first quarter.
Wind Power Project
Iberdrola Acquires Aalto Power for €100m in France
Iberdrola Renovables France has acquired French renewable energy company Aalto Power for €100m.
Hydrogen Project
Australian Hydrogen Project Ready to Move Ahead After $300 Million Investment
The country will be increasing its renewable H2 production following a massive expansion.
Solar Power for Home
SunPower Partners up with Tech CU for $1bn Investment
Silicon Valley-based SunPower has entered a £1bn partnership with Technology Credit Union to increase the financing options available to US residential solar c…
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…
Market Analysis
Renewables Market to Hit $226 Billion by 2021, Despite COVID-19
A new report exploring the impact of COVID-19 on the global market for renewable energy has been released.
Energy Investment
Bangladesh Launches $218.7m Green Transformation Fund
Bangladesh has introduced a $218.7m Green Transformation Fund to provide soft loans to solar developers.
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…
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Before the pandemic, Rystad Energy was forecasting annual E&P revenues at US$2.35 trillion this year and US$2.52 trillion in 2021.
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The IEA noted that global renewable energy generation is up 3 during the pandemic, one of few bright spots during the crisis.
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