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Market Analysis
Renewables will Provide Over 25% of US Capacity within 3 yrs
FERC's latest monthly "Energy Infrastructure Update" report (with data through February 29, 2020) also reveals that wind and solar are on track to each provide …
Wind Turbine
Dominion Energy Nears Construction on First-Ever Offshore Wind Turbines in U.S. Federal Waters
The turbine assembly and monopiles offshore wind (CVOW) pilot project off the Virginia coast announced today has begun.
Solar Power Plant
Covid-19: 150 GW Renewable Energy Projects at Risk in Asia Pacific
Up to 150 GW of wind and solar projects in the asia-pacific region could be delayed or cancelled in the next five years .
Crude Oil
Mexico's President Fears The Economic Consequences As Oil Prices Go Negative
Mexico will try to reduce spending with additional austerity measures amid the coronavirus pandemic and the oil price collapse, but it will not dismiss governme…
Coal Mine
Citi Stop Working with Hermal Coal Miners, to Reject Funding for Arctic Oil, Gas Exploration
Citigroup will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossi…
Crude Oil
OPEC Still has an Important Role to Play in Global Oil Market
Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the d…
Oil Price
Oil Prices Hit $15 For The First Time In 21 Years
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.
Crude Oil
India Records Lowest Crude Oil Production in at Least 18 Years
India's domestic crude production will fall to 32.173 million tonnes in 2019-2020.
Wind Farm
Construction of Tanzania's First-Ever Wind Farm Nears Completion
Construction of Tanzania's first wind farm is nearing completion.
CCGT
Chinese Steel Plant Orders two MHPS Blast Furnace Gas-Fired Generating Units
Mitsubishi Hitachi Power Systems will deliver two blast furnace gas (BFG)-fired turbine generating systems for a power facility connected to a steel plant in Ch…
Crude Oil
Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty year…
US Power Demand Falls to Near 17-yr Low as Coronavirus Cuts Use by Companies
Electricity demand in the us last week fell to its lowest level in nearly 17 years.
Nuclear Power Plant
Framatome Contracted for Taishan EPR Services
The contract covers nuclear plant outage and maintenance work, including spare parts supply and engineering services for eight years.
Market Analysis
European Solar Fears Power Price Plunge May Dampen Subsidy-Free Prospects
The crash of power prices seen as Europe locks down over the COVID-19 crisis could dampen investor enthusiasm for subsidy-free solar, a SolarPower Europe webi…
Energy Storage Battery
NT Plans Big Battery in Darwin to Cut Gas Costs and Accelerate Solar
The Northern Territory government has announced plans to spend $30 million on a big battery for the Darwin-Katherine grid, a move it says will pay for itself wi…
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