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OilPrice.com: As oil majors around the world solidify their positions in the hydrogen industry, the IEA has highlighted Latin America as a clear area of opportunity for the production of what many expect to be the energy source of the future. “Latin America could become a key contributor to the global push towards low carbon […]
Bnamericas ($): A flurry of large and small-scale renewable projects totaling US$2.6bn in new investments have been filed for environmental approval in Chile over the past month. According to environmental agency SEA, eight large-scale projects were presented in April for a combined investment of US$1.68bn, together with 93 smaller projects totaling US$954mn. The news highlight […]
Wall Street Journal ($): For all the talk of a transition away from fossil fuels, players in the energy sector are still willing to bet there is more money to be made in oil and coal. Major oil companies such as BP PLC and Royal Dutch Shell PLC are selling billions of dollars of assets […]
Saur Energy: Frost & Sullivan’s (F&S) recent analysis on the global grid battery energy storage market finds that the continual expansion of intermittent renewables (RE) and declining technology costs are key factors fueling the market. As more nations across regions commit to generate over 50 percent of power from renewable energy by 2030 and modernise […]
Reuters: French renewable energy producer Neoen on Thursday announced plans to more than double its capacity by the end of 2025, by rapidly expanding its presence in the countries where it already operates. The group, which owns Australia’s “Victorian Big Battery” project, is targeting capacity of at least 10 gigawatts in operation or under construction […]
ReNews.biz: Enel will exit Chile’s coal power sector early by bringing forward the closure of its Bocamina coal-fired power plant, located in Coronel. The company’s Chilean subsidiaries Enel Chile and Enel Generacion Chile informed the market that their boards of directors took the decisions to accelerate the closure of the power station. Enel Generacion Chile […]
Renewables Now: Costa Rica generated 99.15% of its electricity with renewable energy sources in 2019, according to the latest report by the National Centre for Energy Control (CENCE). Gross power production in the Central American country totaled 11,312.85 GWh, of which only 95.64 GWh were generated by thermal power plants. The renewables share rose from […]
Frost & Sullivan: The increasing demand for energy worldwide and traditional energy independence due to volatile oil prices is encouraging governments throughout the world to harness the potential of renewable energy, driving the global market for wind turbine materials. Expanding at a compound annual growth rate (CAGR) of 8.9%, the wind turbine materials market is […]
Reuters: Latin American countries have set a collective target of 70 percent renewable energy use by 2030, more than double what the European Union is planning, Colombia’s energy minister said, ahead of her country’s October renewables tender. Colombia presented the target at the United Nations Climate Action Summit this week, where world leaders were asked […]
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IEEFA report: Oil consortium deal with Guyana far from panacea for country’s ailing finances
Large changes in global oil markets and faltering oil companies like ExxonMobil mean smaller revenues and hard choices
October 27, 2020 (IEEFA) — A multibillion-dollar partnership between the republic of Guyana and a consortium led by some of the world’s largest oil and gas companies will not yield enough cash over the next five years for Guyana to close deficits, support new spending and build a Sovereign Wealth Fund. Beyond five years, the […]