Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
The World Bank Group has unveiled this week that it intends to help developing countries add 30 GW of renewable energy by 2020, enough to power 150 million households.
read more... 13/04/2016
American wind power industry employed a record of 88,000 jobs at the start of 2016, up 20% in a year, according to the U.S. Wind Industry Annual Market Report, Year Ending 2015, released by the American Wind Energy Association (AWEA).
read more... 13/04/2016
Announced by the Energy Bureau of Anhui Province last Wednesday, China has installed the biggest floating PV plant atop a fishpond. The 20 MW array is sited at a coal mining subsidence district of Huainan City and was linked to grid last month. The array is phase one of a bigger 300 MW project.
read more... 13/04/2016
Brent crude oil prices hiked to a four-month high and energy equities increased on Tuesday, bounced by reports of an agreement between two important producers to freeze output, driving U.S. equities higher. Russia and Saudi Arabia reached consensus about an oil output freeze ahead of a producers' meeting there on April 17. Brent crude boosted 3.3 percent to settle at $44.22 a barrel and WTI U.S. crude climbed 4.5 percent to close at $42.17.
read more... 13/04/2016