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Nuclear Power Plant
Ukraine Passes Bill to Secure Euratom Loan
The Verkhovna Rada, Ukraine's upper house of parliament, has adopted a draft law on nuclear safety that enables state-run nuclear power plant operator Energoato…
Australia
Massive 1000MW “Baseload” Wind, Solar and Hydrogen Plant Pitched for NSW
New South Wales could become host to one of Australia’s first solar, wind and hydrogen “baseload” power plants, under a multi-billion dollar plan pitched for…
Coal-Fired Power Plants
India Added 8,800 MW of Coal-Based Power Capacity Last Year: IEEFA
The thermal power generation sector is facing stress carrying $40-60 billion of potentially non-performing assets, IEEFA said.
Clean emission
Global CO2 Emissions to Drop 4-7% in 2020
Four countries or blocs -- China, the United States, the European Union and India -- accounted for two-thirds of the downturn across the first four months of 20…
Nuclear Power Plant
Norwegian Reactor Dismantling to Cost Almost USD2 Billion
The decommissioning of Norway's shut down research reactors at Halden and Kjeller will cost around NOK20 billion (USD1.96 billion) and take 20-25 years, accordi…
Solar Power Plant
Trump Admin Slaps Solar, Wind Operators with Retroactive Rent bills
The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills.
Oil & Gas Trade
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.
Wind Farm
Shared Grid Offshore New England Saves Over $ 1 Billion Onshore
A multi-user, planned transmission system to harness wind power off New England’s coast could result in onshore electric grid cost savings of over $ 1 billion …
Citi unveils $1.5 Billion Green Bond to Combat Climate Change
American multinational financial services firm Citi has unveiled its first US dollar-denominated green bond to finance environmental-friendly projects.
Norway Takes $41 Billion From Oil Fund To Bolster Economy
Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…
Oil Price
Aramco Earnings Plunge By 25% As Low Oil Prices Persist
Despite the profit slump of US$6 billion in Q1, Aramco’s free cash flow was more resilient and fell to US$15 billion from US$17.4 billion in Q1 2019.
Energy Storage Project
EU Greenlights EUR 3.2 Billion Battery Research Project
The European Commission approved Monday under EU state aid rules a 'Common European interest' project jointly notified by seven EU Member States to support rese…
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
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.
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