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Market Analysis
GWEC: Wind Power Market Set for Record Growth Despite COVID-19
According to the latest market outlook published by GWEC Market Intelligence, 71.3GW of wind power capacity is expected to be installed in 2020 despite the impa…
Wind Farm
COVID-19: Akuo Suspends 132MW Oz Wind Project
Developer is not ‘actively pursuing’ Granite Hills in NSW as a consequence of ‘increased business uncertainty’
Market Analysis
Six Key Ways Sub-Saharan Africa can Address COVID-19 and Climate Change
Rocky Mountain Institute has released a new report highlighting six key measures governments in Sub-Saharan Africa can address the impacts of COVID-19 and clima…
Market Analysis
Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…
Oil Price
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr…
Market Analysis
Global Solar PV Installations Predicted To Rise By 5%, Desiped Covid-19 Effects
Year-on-year growth in installations will continue every year to 2025, topping out at 145GW direct current, according to a new report by Wood Mackenzie.
Chinese-Built Power Plant Stabilizes Iraq's Electricity Supply Amid COVID-19 Crisis
Situated on the bank of the Tigris in southern Iraq's Wassit province, a Chinese-built power plant has stabilized Iraq's electricity supply amid the extreme hea…
Rooftop PV System
India Adds 883MW of Rooftop Solar in First Nine Months of 2020 Despite COVID-19
India added 883MW of rooftop solar in the first nine months of 2020, despite COVID-19 and the implementation of lockdowns impacting the sector.
Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Coal-Fired Power Plants
Oil-Rich UAE Turning to Coal-Fired Power
"The use of coal in power generation is squeezed by low-carbon generation, including hydro, wind, solar and nuclear power, which have been less affected by the …
Virtual power plant
1,000MW Industrial VPP Project to Begin Across Australia ‘As Soon As Victoria Out of Lockdown’
The first phase of a 1,000MW behind-the-meter virtual power plant is expected to begin deployment in Australia as soon as the state of Victoria’s COVID-19 lock…
Rooftop PV System
Australian Electricity Demand Tumbles in Q3 as Country Embraces Rooftop Solar
Australia’s rooftop PV boom combined with changes in energy use due to COVID-19 drove electricity demand to record lows in three states during Q3.
South Africa
South African Economy Recovery Plans Prioritise Energy Security
The South African government’s newly unveiled Economic Reconstruction and Recovery Plan has energy security at the forefront to rebuild the economy post-COVID-…
Energy Storage Battery
India to be World's Largest Market for Battery Storage by 2040: IEA
India will become the largest market for utility-scale battery storage by 2040 as renewables show immunity to the COVID-19 pandemic to emerge as a cost-effectiv…
Crude Oil
Oil Demand Expected to Decline in the Next Decade
The International Energy Agency predicts the COVID-19 pandemic will deal a long-lasting blow to the global energy industry, with oil demand expected to end in…
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