CNBC/19-05-2020 NEW YORK: Siemens Gamesa Renewable Energy (SGRE) has released details of a 14-megawatt (MW) offshore wind turbine, in the latest example of how technology in the sector is increasing in scale. With 108-meter-long blades and a rotor diameter of 222 meters, the dimensions of the SG 14-222 DD turbine are significant. In a statement, […]

Reuters/29-05-2020 SHANGHAI: China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday. The new catalogue of eligible projects replaces the previous one published in 2015, and will be open to public consultation until June 12, the People’s Bank […]

BBC News/27-05-2020 LONDON: The coronavirus crisis is causing the biggest fall in global energy investment in history. Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA). Fossil fuels are hit hardest, with a 30% funding drop expected for oil and a 15% […]

BBC News/30-04-2020 LONDON: Royal Dutch Shell has cut its dividend for the first time since World War Two following the collapse in global oil demand due to the coronavirus pandemic. The energy giant also suspended the next tranche of its share buyback program. The move came as it announced a 46% fall in first-quarter net […]

EcoWatch/21-04-2020 NEW YORK: Oil continued its unprecedented sell-off as the prices fell below zero for the first time in history. Demand for oil has crumbled due to the coronavirus crisis, thrusting markets into a parallel universe where traders were willing to pay US$40 a barrel just to get somebody to take crude off their hands. […]

Bloomberg/28-04-2020   Zimbabwe’s Rio Energy Ltd., a unit of RioZim Ltd., will build a 2,100-megawatt thermal power plant with China Gezhouba Group Corp in northern Zimbabwe at a projected cost of $3 billion, Rio Energy said Monday. “CGGC will develop the project and assist with the fund raising,” Caleb Dengu, chairman of Rio Energy Ltd […]

Bloomberg/30-04-2020 NEW YORK: Google and its parent company, Alphabet Inc., have long put themselves forward as leaders in renewable energy use. Last week, they took that a step further by announcing that they are now “working toward 24×7 clean energy everywhere we have data centers.” Because renewable energy supply fluctuates based on the availability of […]

CNBC/09-04-2020 NEW YORK: A 500 megawatt solar photovoltaic plant, described by Spanish utility Iberdrola as “Europe’s largest,” sent its first megawatt hour of energy to the grid earlier this week, a welcome bright spot for an industry that in the months ahead could experience difficulties brought about by the coronavirus pandemic. The Núñez de Balboa […]