A series of investors criticize the IEA for not having made adequate recommendations for achieving the Paris Climate Accord's goals. Scandinavian pension funds PensionDanmark and Storebrand are among the letter's signatories, rebuking the IEA for failing to live up to its responsibility.
In three years, Norsk Hydro has gone from being a wind energy freshman to taking on the role of sector-wide trend setter that continues to set new standards for both duration and scope for PPAs. Security and counterpart risk trump all other factors when new deals are entered, says Norsk Hydro's head of power negotiations.
The Norwegian oil giant is selling off major US shale gas assets and exploring possibilities for investing in US renewables beyond offshore wind.
A French floating offshore wind pilot project adds a quarter more capacity and nominates MHI Vestas as preferred supplier.
Canada's Northland Power plans to develop offshore wind projects totaling 600 MW with Japanese partner.
Norsk Hydro looks with concern upon the resistance toward wind energy, which in the worst-case scenario might end up yielding a power shortage in Norway. If electricity during a societal process of electrification is to be held at a more or less stable and cheap level, wind energy is a must, says the company, which on its own accounts for 14 percent of Norway's power consumption.
With an estimated value of USD 1.7 trillion, the Saudi oil giant is on its way to be listed.
The winner of Denmark's Thor offshore wind project will be compensated if the power price drops below the preceding year's average. If the price is higher, though, the profit will be shared with the state.
Two decades ago, when coal ruled U.S. power generation, a Florida utility plowed some of its extra cash into a wind farm atop a desolate Oregon plateau.
Buyers are gone, the deficit deepens and Suzlon's debt has exploded. The Indian OEM has halted payments to most of its investors, several of which are threatening the manufacturer with insolvency liquidation.
Ineos expects to have completed preparatory efforts for development projects Hejre and Solsort in 2020, says CEO Sebastian Koks Andreassen in an interview with EnergyWatch. Neither of the projects are projected to be completely operational within the next few years.
Equinor discloses contracts for six years of inspection tasks worth NOK 3.5 billion. Aker Solutions takes an order for NOK 1.2 billion.
The European Investment Bank, owned by EU member states, will no longer fund fossil fuel ventures from 2021.
Following two rounds of layoffs and several restructurings, the North Sea operator is well-positioned for the future, assesses CEO Sebastian Koks Andreassen. "The business did not make money by itself," says the CEO about Ineos' Danish oil business.
Thursday marked the final day in court for Greeenpeace's appeal case against the Norwegian government. Now only one ruling remains concerning the principal matter of oil extraction.
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The Scottish utility's profit from renewable energy is doubled and boosts the combined bottom line.
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OPEC expects oil demand to decline in 2020. The prognosis supports the prospect of member states deciding to limit oil supply at next month's meeting in Vienna.
The German wind turbine maker faces the "the largest quarter in the company's history" at the end of this year's first nine months, when the OEM installed less than in the comparable period last period year. Up to 80 percent of the firm's annual expected revenue is yet to be realized.
After the Conservatives raised the bar to 40 GW by 2030, both of the big British parties have committed themselves to further developments after the election.
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The German utility's bottom line has skyrocketed yet fallen into deficit. RWE takes the opportunity to turn up its full-year prognosis.
Energie orders 180 turbines from the US manufacturer for delivery at the start of next year.
The Danish utility begins development of a large solar power and energy storage project in the US.
Statkraft and Norsk Hydro's energy company, Hydro Energy, will now give input to research institute Mozee's research into batteries and hydrogen solutions for the transport sector.
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The US president's company, Trump International Golf Club Scotland Limited, is ordered to pay GBP 225,000 in legal expenses after the club tried to obstruct Vattenfall's offshore wind project off the coast of Aberdeenshire.
The wind OEM announces orders totalling 248 MW for projects in Turkey, featuring the manufacturer's 4.8 MW unit, among other models.
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