Latest news
Big Oil and deep water to drive offshore wind to become $1.4trn market by 2050
Worldwide construction of new offshore wind power plant is set to gear up exponentially with some 135GW of new turbines added in the coming decade en route to a 600GW market worth $1.4trn by 2050, as the industry wades out into deeper waters and heavily capitalised players, led by the oil operators, ramp up spending, according to the latest research from IHS Markit.
read more... 15/05/2020
Daily (14.05.2020): Oil prices turned bearish on Wednesday on wait-and-see approach adopted by investors
The solemn speech from the U.S. Federal Reserve Chair Jerome Powell stating that economic recovery would be a long process led to a plunge in oil prices, despite the first decline in U.S. inventories since January. Brent crude fell 79 cents, or 2.6%, to $29.19 a barrel. West Texas Intermediate crude futures dropped by 78 cents, or 1.9%, to $25.29.
read more... 14/05/2020
Poland's solar capacity tops 1.83 GW
Poland surpassed 1.83 GW of solar power generation capacity at the end of April, according to data available to the transmission system operator (TSO).
read more... 14/05/2020
Saudi Arabia and Russia pledge commitment to oil market stability
Saudi Arabia and Russia are committed to maintaining oil market stability as world oil demand remains squeezed from the economic fallout of the coronavirus pandemic.
read more... 14/05/2020
Iberdrola buys 900MW wind portfolio as coronavirus investment drive ramps up
Iberdrola closed on two deals in the space of a week for wind projects in France and the U.K., including nearly 300 megawatts of operating capacity.
read more... 14/05/2020