Shift from coal fueling $809 million Doosan bailout plan by Korean banks
Hankyoreh: The Korea Development Bank (KDB), the Export-Import Bank of Korea (Eximbank), and other government-run banks plan to supply 1 trillion won (US$808.66 million) in policy funds to Doosan Heavy...
View ArticleMajor Korean builder of international nuclear, coal plants teeters on verge...
Korea Joongang Daily: Doosan Heavy Industries & Construction, as we know, is in deep financial trouble. The company, which has staggered through years of growing losses, has finally reached out to...
View ArticleAustralia’s largest coal export terminal to seek refinancing of $160 million...
Financial Review: Australia’s biggest coal export terminal will seek to refinance $160 million of debt in the next three months and says mainstream Australian banks remain supportive despite the fossil...
View ArticleFilipino offshore wind project capacity could be far larger than initially...
Riviera Maritime Media: Triconti ECC Renewables Corporation director Björn Rosenberger said the bottom-fixed projects it hopes to develop in the Guimaras Strait, in the central Philippines, and the...
View ArticleCollapse of oil prices and economic slowdown have IAE reconsidering record...
Climate Home News: Despite a historic deal between major producers to prop up oil prices, cheap fossil fuels and the economic slowdown caused by the coronavirus risk are hampering a shift to renewable...
View ArticleIndonesian utility could be on hook for $7.2 billion to independent producers...
Asian Power: Indonesia’s Perusahaan Listrik Negara (PLN) could see its payments to independent power producers (IPP) hit as high as $7.2b (IDR119.8t) by 2021 as the state-owned utility reels from the...
View ArticlePlans for second-largest coal-fired plant on planet postponed indefinitely
Business Live: The Hamrawein coal-fired power proposal in Egypt has reportedly been postponed indefinitely. The huge plant was to have been the second largest on the planet, and its demise is...
View ArticleLongview Power, model West Virginia coal plant, files for bankruptcy again
EGEB: Longview Power Plant, in the heart of Appalachian coal country near Morgantown, West Virginia, has just declared bankruptcy, according to the Institute for Energy Economics and Financial Analysis...
View ArticleCoronavirus-related slowdown in electricity demand spells trouble for coal...
Associated Press: Coal demand has tanked over the past decade amid competition from cheap natural gas and expanded renewable energy sources. Coal companies have faced a reckoning as the world looks to...
View ArticleFrench developer Neoen completes expansion of world’s largest lithium-ion...
PV Magazine: The 50-megawatt expansion of what is already the world’s largest lithium-ion battery, the Hornsdale Power Reserve in [South] Australia with batteries from Tesla, has completed its network...
View ArticleSolar developers see profitable potential in coal-reliant Indiana
S&P Global Market Intelligence ($): Indiana’s Lake County is exploring changes to its land-use rules that could pave the way for the first truly large-scale solar farms in the state and some of the...
View ArticleReport argues for quick closure of natural gas transition “bridge”
Utility Dive: Investment into new natural gas infrastructure like pipelines and power plants is “incompatible” with long-term shareholder value, and thus it is in the best interest of the investor...
View ArticleNavajo Power CEO sees potential for 10GW renewable buildout on tribal lands...
PV Magazine: “We believe you can go to 10 gigawatts of renewable resources” across the Navajo Nation, as coal plant retirements in the area open up transmission capacity, said Navajo Power CEO Brett...
View ArticleNextEra expects to spend $1 billion on battery storage projects in coming year
Greentech Media: Companies across the global renewable energy industry are anxiously assessing the negative impact of the coronavirus outbreak on their bottom line. Every company, it seems, except...
View Article8minute Solar Energy says its project pipeline now totals more than 18GW
PVTech: 8minute Solar Energy has bolted a further 3GW of large-scale solar projects onto its pipeline, taking the developer’s tally to more than 18GW. 8minute also confirmed that it had sourced...
View ArticleCoal bearing the brunt of global decline in electricity demand
Bloomberg: As silent factories and deserted offices hobble demand for electricity worldwide, the biggest loser is coal. In the U.S., coal’s share of power generation has dropped more than 5 percentage...
View ArticleCommentary: Time for utility companies to reinvest in Arizona’s coalfield...
Arizona is losing its coal industry faster than anyone ever expected, and the state’s power generation sector can and should be reinvesting heavily now in the towns, counties and communities hit hard...
View ArticleAmerican Electric Power takes last unit at Conesville coal plant offline
The Columbus Dispatch: An end of an era was reached Wednesday in Conesville as the American Electric Power plant that started in 1957 ceased production of energy. The plant is targeted for...
View ArticleDominion planning nearly 24GW of renewable capacity and battery storage in...
S&P Global Market Intelligence ($): Dominion Energy Virginia anticipates a massive roll-out of solar and offshore wind generation over the next 15 years as the utility reduces emissions and aligns...
View ArticleSouthern California Edison contracts 770MW of battery storage to replace gas...
Greentech Media: Southern California Edison (SCE) has signed seven contracts for a combined 770 megawatts of battery energy storage projects, one of the biggest single procurements of its kind. The...
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