Canadian Solar Raises Us$30 Million From The China-portuguese Speaking Countries Cooperation And Development Fund
GUELPH, Ontario, April 2, 2020 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced today that it has closed US$30 million in funding from the China-Portuguese Speaking Countries Cooperation...
Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.
(Kitco News) - BMO Capital Markets upgraded its forecast for gold prices Wednesday while downgrading the outlook for many other commodities.
Renewable power purchase agreements (PPAs) made by corporates in Europe totalled 8GW in 2019, up from 5.5GW in 2018.: Renewable power purchase agreements (PPAs) made by corporates in Europe totalled 8GW in 2019, up from 5.5GW in 2018. That is a headline conclusion of the latest research and advice paper from the RE-Source Platform, a consortium consisting of The Climate Group's RE100 initiative and its member corporates; WindEurope, SolarPower Europe; CDP and the World Business Council for Sustainable Development (WBCSD). According to the report, wind accounted for 85% of the off-site PPA deals made in 2019 by value.
Renewable energy or clean energy ETFs that track industries like wind and solar farms are attracting more interest among investors seeking low-risk opportunities during this volatile period. "There is certainly some increased interest and discussion around uncorrelated yields, and renewables falls into that category," David Giordano, global head of renewable power at BlackRock Inc, told [...] The post Renewable Energy ETFs Could Be a More Stable Play During Distressing Times appeared first on ETF Trends.
The growing mismatch between Germany's renewables capacity and the strength of its electricity network is leading to curtailment, crazy pricing and challenges for neighboring nations. Although Germany is generating record amounts of clean energy in the north, its grid is too weak to transport all the power down to load centers in the south -- a longstanding challenge for the country that's only getting worse. One of the most visible effects of this renewable energy saturation on the German grid is negative wholesale electricity prices, or times when consumers are effectively being paid to use excess power.
Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward. But a report from consultancy Wood Mackenzie says that won't likely slow the overall investment in renewables -- fossil fuel players really weren't putting much money into it anyway. "In a US$60 per barrel oil price environment, most companies were generating strong cash flow and could afford to think about carbon mitigation strategies," said Valentina Kretzschmar, vice-president, corporate analysis, at Wood Mackenzie.
Mnre To Issue Uniform Norms For Purchase Of Renewable Energy From Various Sources | Business Standard News
The Ministry of New and Renewable Energy (MNRE) on Friday said it will issue uniform norms to procure clean energy from all sources like solar, wind and hybrid to give a boost to the investment. The decision was taken during review meetings of MNRE Minister R K Singh with officials held on Friday and Thursday through video conferencing. The ministry in a statement mentioned that it will continue to bring out new bids so that investors can plan their investment. The ministry officials are working through e-office amid restrictions placed to contain coronavirus spread.
MUMBAI (NewsRise) -- NTPC's acquisition of government's stake in THDC India and North Eastern Electric Power Corp. will help India's largest power-generation utility boost its renewable energy fuel mix and curb the dominance of coal, analysts said. The state-run power generator signed pacts with federal government on Thursday to acquire New Delhi's entire stake in the two companies for a total of 115 billion rupees ($1.52 billion) in cash.
Based in Houston, Sunnova is a residential solar and battery storage service provider that has developed a multi-faceted strategy that enables homeowners to power their homes with affordable solar energy, offering savings to solar-only customers.