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Saudi Arabia announces $32 billion in emergency funds to mitigate oil, coronavirus impact

Saudi Arabia’s government unveiled stimulus measures amounting to 120 Saudi billion riyals ($32 billion) on Friday to support an economy hit by the double blow of the coronavirus crisis and dramatically lower oil prices.

read more... 23/03/2020

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Total buys French onshore wind developer with 1-GW portfolio

Total Quadran, the French renewable power production unit of Total SA, has taken over Global Wind Power (GWP) France, which holds an onshore wind project portfolio amounting to 1,000 MW.

read more... 20/03/2020

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Bosnian region to add 1,000 MW of renewables to trim carbon footprint

Bosnia’s autonomous Serb Republic aims to add 1,000 megawatts (MW) of renewable energy sources by 2029 at a cost of 11.5 billion Bosnian marka ($6.7 billion) to smooth its transition from coal, its energy minister said.

read more... 09/03/2020

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German wind turbines produce record 21 TWh in February

Wind farms in Germany were on track to produce 20.9 TWh of electricity by the end of February, the highest amount ever recorded for a month thanks to exceptionally stormy weather, research centre ZSW and energy lobby group BDEW said on Friday.

read more... 02/03/2020

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Daily (27.02.2020): British gas prices jumped on Wednesday, spurred by colder weather and an undersupplied system

Crude oil futures collapsed to their lowest level in more than a year on Wednesday amid mounting concerns that the higher number of new coronavirus cases in Europe and the Middle East would hamper oil demand around the world.

read more... 27/02/2020

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