Westwood Global Energy reports that as of 2 April there was one exploration well that was in the process of completing, with no active E&A drilling.
Lightsource BP’s boss “periodically pinches” himself at the thought of the solar developer’s partnership with an oil supermajor – and the opportunities created by that link up.
Global investment firm The Carlyle Group will invest $100 million in solar power projects in the US.
Today marks the second anniversary of Donald Trump’s first deployment of tariffs as U.S. president, and one of the main intended beneficiaries of his protection back on Jan. 22, 2018, was the American solar panel industry.
As the cost of solar power decreases, the UK should consider a cable connection with Morocco in order to supply cheap electricity to consumers, Labour's Barry Gardiner has suggested.
Almost half of senior bosses in the fossil fuels industry “believe gas and renewables are competing against each other”, according to a major new survey.
Marubeni Corp. and Total SA agreed to take a minority stake in a 1.7 billion-riyal ($464 million) project to build Qatar’s first solar power plant.
Equinor and Orsted will lead a new group formed to tackle climate change by accelerating the deployment of offshore renewable energy technology.
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
Westwood Global Energy reports that as of December 31 there were two active exploration wells drilling in the UK.
Apache and partner Chrysaor have started drilling an exploration well in the UK North Sea.
Norwegian energy giant Equinor has announced it has snapped up more than £60 million in shares in solar firm Scatec Solar.
A new multi-million joint venture (JV) will see Chinese manufacturer Shanghai Electric pair with Spanish firm Eland Private Equity to seek out major investments in Europe.
Here’s the latest indicator of how hungry investors are to profit from clean energy: BlackRock just raised $1 billion for wind, solar and battery-storage projects.
Two men who scammed millions of pounds from 760 vulnerable victims in a fraudulent solar panel scheme were yesterday ordered to pay confiscation totalling more than £400,00.
Two of Australia’s richest people, Atlassian Corp. co-founder Mike Cannon-Brookes and Fortescue Metals Group Chairman Andrew Forrest, are investing in an ambitious project to export solar power from a giant plant in Australia to Singapore via a 4,500 kilometer (2,800 miles) transmission cable.
The answer to the renewable energy industry’s biggest challenge is emerging in the Australian outback.
With the Feed-in Tariff now closed to new applicants (from 1 April 2019), the Smart Export Guarantee currently under consultation with a government busy with the Brexit agenda, stubbornly high costs of entry to new entrants (such as high grid upgrade costs), the required rates of return for investors have not been reached and as a result there has been a noticeable slowdown in the roll-out of new renewables projects.
Shell has taken a 20% stake in Indian solar firm Orb Energy as part of a drive to deliver a reliable source of electricity to 100 million people in the developing world by 2030.
One of the UK's largest renewable energy suppliers has written to the Chancellor to warn that plans to change VAT from 5% to 20% for families buying solar panels and renewable technology could harm the country's push for a net zero carbon economy by 2050.
Solar Wars Part X considered the continued willingness of arbitral tribunals to accept jurisdiction to hear claims under the Energy Charter Treaty (ECT) by EU investors against EU Member States, despite the judgment of the Court of Justice of the European Union in Slovak Republic v Achmea (Case C-284/16), which held that an arbitration clause in bilateral investment treaty (BIT) between two EU states contravened EU law. As a result, Spain was on the receiving end of five awards made May – August 2019. However, not all Member States which reformed their renewable incentive schemes are in the same situation; and the European Commission (EC) is taking steps to reduce the prospect of future claims by demanding the reform the ECT itself.
Previous Solar Wars articles explained how arbitral tribunals considering intra-EU claims under the Energy Charter Treaty (ECT) have consistently rejected the application of judgment of the Court of Justice of the European Union in Slovak Republic v Achmea (Case C-284/16), which held that an arbitration clause in bilateral investment treaty (BIT) between two EU states contravened EU law.
PG&E Corp., the California utility giant that went bankrupt in January amid crippling wildfire liabilities, has reached a deal with some of its power suppliers that would cut the prices it pays for their electricity.
Australia’s financing of cleaner power is slowing because the country’s aging grid isn’t being upgraded quick enough to accept new, intermittent generation and transport it efficiently to demand centers.