Almost half of UK consumers would consider an EV as their next vehicle purchase, according to a new report.
Read More »ScottishPower Completes £2.5bn East Anglia ONE Offshore Wind Farm
The wind farm consists of 102 turbines, which are capable of producing enough renewable electricity to power more than 630,000 homes.
Read More »An Opportunity for Hedging the Remaining Oil by OPEC Producers
The historic OPEC+ output cuts agreement has kept vast quantities of oil in the ground. This represents an opportunity for hedging these remaining barrels in their reservoirs and selling them at specified prices in the future. Mexico may be one of the few, if not the only, producer whose budget …
Read More »First Floating Wind Farm in Continental Europe Fully Powered Up
Located off the coast of Portugal, Windfloat Atlantic has now been connected to the grid and is capable of supplying electricity to 60,000 homes a year.
Read More »Oil Prices Inch Higher after Sharp Drop in US Crude Inventories
Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States decreased against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude LCOc1 was up by 24 cents, or 0.6%, at $43.46 a barrel …
Read More »Microsoft and Sol Systems Ink 500MW Solar PPA
The initiative will help Microsoft meet its goal of moving towards 100% renewable energy by 2025.
Read More »Green Hydrogen could Match Grey by 2023 Thanks to $5/MWh Wind Power
Green hydrogen could as soon as 2023 be competitive with grey H2 made using fossil fuels thanks to US wind power that’s as cheap as $5/MWh, said finance giant Morgan Stanley. Steep falls in clean generation costs mean at $1.53/kg, hydrogen produced via electrolysis sited at “best in class” US …
Read More »Oil Prices Rise on US Stimulus Hopes, Weaker Dollar
Oil prices rose for a third straight day on Tuesday, buoyed by support for demand coming from efforts to stimulate the U.S. economy’s recovery from the coronavirus crisis and a weakening of the dollar that makes crude cheaper for global buyers. Brent crude futures climbed 35 cents, or 0.8%, to …
Read More »Offshore Wind Power Now so Cheap It Could Actually Pay Money back to Consumers
A new study found the latest round of offshore wind farms to be built in the UK could actually reduce household energy bills across the country.
Read More »Siemens Gamesa Lands Contract for Vietnam’s Largest Nearshore Wind Project
The 78MW wind farm is expected to be operational in the third quarter of 2021.
Read More »