Tag: coronavirus

April 20, 2020

An outbreak of Covid-19 at a wind power facility in North Dakota has forced it to temporarily close, the latest example of how the pandemic is impacting the renewable energy sector. Over the weekend, North Dakota’s Department of Health said […]

April 17, 2020

The OPEC+ ‘deal of the century’ last weekend changes oil market dynamics in the short run. The 10 million barrels per day (b/d) production cut from May is huge, amounting to 10% of global supply, and it’s needed. The cuts […]

April 16, 2020

In the latest example of how the Covid-19 pandemic is impacting the energy sector, French utility EDF said Thursday that it was sharply revising down its projected nuclear output for this year. In a statement, the company said it expected […]

April 15, 2020

The headlines suggest a bold new era for the OPEC-plus cartel after members agreed to a historic supply cut deal of nearly 10 million barrels a day over the weekend to help offset colossal demand losses from the Covid-19 coronavirus. […]

April 13, 2020

As the federal government looks to a second (or even third) stimulus bill, Congress should consider a huge opportunity to pay Americans that pays back: solar rooftops. Somewhat more than one in three home or business rooftops in America is […]

April 9, 2020

A refueling outage at the Limerick Nuclear Generating Station in Pennsylvania has been complicated by the coronavirus pandemic. Officials at the plant confirmed there have been five cases of COVID-19 among the more than 2,000 employees and contractors onsite and, […]

April 7, 2020

Danish wind turbine manufacturer Vestas has suspended guidance for 2020, as the coronavirus pandemic continues to pose unprecedented challenges to the renewable energy sector. In a statement issued Tuesday, the Aarhus-headquartered firm noted that the global spread of COVID-19 and […]

April 7, 2020

Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — […]

April 6, 2020

Some welcome good news for a pandemic-weary world: renewable energy made up 72% of all new energy generation projects last year, with solar and wind power making up 90% of that capacity. According to a new report from IRENA, the […]

April 6, 2020

Recent commentaries have been quick to peg the unfolding coronavirus pandemic as the second, or perhaps third, ringing of oil’s death knell. To be sure, the lockdowns are destroying oil demand at an unprecedented scale. Yet trying times demand perspective. […]

April 3, 2020

Spain’s PV players broke their own records in a month when the country ground to a halt under quarantining measures over the COVID-19 crisis, according to new official figures. Spanish grid operator REE said the technology is “lighting the path” […]

March 31, 2020

Spanish utility Iberdrola is heading a consortium aiming to develop a large-scale floating offshore wind turbine in the North Sea, as the sector looks to drive up the size of technology and push down costs. In an announcement Monday, the […]

March 30, 2020

A study published by the Electric Power Research Institute (EPRI) shows peak demand and energy use decreased as much as 21% in some areas as a result of actions taken to reduce the spread of COVID-19. The report—COVID-19 Bulk System […]

March 30, 2020

The U.S. is all but guaranteed to lose its hard-earned spot as the world’s number one oil producer this year amid the recent price crash, vanishing demand and a plunge in capital investment, energy experts say. That could mean potentially […]

March 27, 2020

CNBC’s Jim Cramer said Friday he thinks the price of oil will fall further because of demand and supply shocks from the dual crises of the coronavirus pandemic and global producer infighting. Cramer cited oil prices as something high-frequency, computerized […]

March 26, 2020

Oil prices have collapsed by more than half this year, to $23 per barrel today for West Texas Intermediate crude. But now is not yet the time to buy oil — because the worst is yet to come. Gasoline demand […]

March 25, 2020

Wind power may have enjoyed a strong year in 2019, but the coronavirus pandemic is casting a shadow over the sector that could impact growth in the years ahead. More than 60 gigawatts (GW) of wind energy capacity was installed […]

March 23, 2020

There is little doubt that the world has entered a global economic recession as a result of the COVID-19 pandemic. Every recession lowers energy use, and this one may be a whopper. The 2008 financial crisis, and the Great Recession […]

March 20, 2020

During his coronavirus Task Force press conference on Thursday, President Donald Trump said he was considering intervening in the situation with the global oil market “at the appropriate time”: “It’s very devastating to Russia because when you look at it, […]

March 19, 2020

If a wind farm breaks down during the COVID-19 global pandemic, who will be there to fix it? So far, much of the focus on the outbreak’s impact on the renewables industry has been on factory shutdowns and the challenges […]