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Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Combined Heat and Power
Plans Unveiled for Major CHP Heat Network in London
What will be one of the largest heat networks in the UK is being developed by Vattenfall and resource management and recycling firm Cory Riverside Energy.
Wind Turbine
East Anglia ONE Offshore Windfarm Completes Turbine Installation
ScottishPower Renewables and Macquarie’s Green Investment Group (GIG) have successfully installed every single turbine on the East Anglia ONE offshore windfa…
Energy Storage Project
Wärtsilä to Deliver 70 MW Energy Storage System in California
Technology group Wärtsilä is finalising a 70 MW energy storage and energy management system project in the California Independent System Operator (CAISO) en…
Market Analysis
Siemens Gamesa Acquires Senvion’s Ria Blades Factory in Portugal
Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has acquired all the shares in Senvion’s Ria Blades factory.
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.
Oil Price
OPEC+ Oil Production Hits 13-Month High As Output Cuts Start
After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months.
Market Analysis
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The International Energy Agency (IEA) has released a report into the impacts of Covid-19 on global energy demand and carbon dioxide emissions, revealing that …
Solar Power Plant
Invenergy Georgia Solar Energy Centre Begins Commercial Operations
Global sustainable energy solutions developer Invenergy has announced the start of commercial operations of its 160MW Southern Oak solar energy centre.
Wind Farm
Ørsted’s Borssele Offshore Wind Farm Delivers First Power
Danish renewable energy company Ørsted has announced that its 752MW offshore wind farm Borssele 1 and 2 generated the first clean power to the Dutch grid.
Electric Vehicle Charging
Hitachi and Gridserve Partner on Multi-Million-Pound Renewable Deal
Hitachi Capital UK and UK renewable energy company Gridserve Sustainable Energy have signed a partnership agreement to develop solar farms and solar-powered ele…
Solar Company
DEWA Signs PPA for Fifth Phase of Dubai Solar Park
Dubai Electricity and Water Authority (DEWA) has signed a power purchase agreement (PPA) for the 900MW fifth phase of Mohammed bin Rashid Al Maktoum solar par…
Gas power plant
OPG’s Atura Power to acquire three natural gas-fired plants
The acquisition is valued at approximately C$2.8bn ($2bn) and dependent on customary closing adjustments.
Solar Power Plant
J-Power USA joins 350MW solar power development project in Texas
J-Power USA Development has signed an agreement to become a partner in the development of a 350MW solar PV project in Texas’s Wharton County.
Oil Price
OPEC Daily Basket Price Stands at $14.36 a Barrel Wednesday
The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, 29th April, 2020, compared with $12.41 the previous day, according to OPEC Se…
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