Solar

Cal on February 11th, 2016

China has surpassed Germany as having the largest amount of solar photovoltaic (PV) installations. According to the National Energy Administration, the Asian country has total installed capacity of 43.2 gigawatts. Much of this capacity (15.1 GW) was installed in  2015. China’s solar PV capacity has increased roughly 13-fold since just 2011. Germany currently possesses around […]

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Cal on February 9th, 2016

Morocco’s first solar power plant started generating electricity last week. With an electricity production capacity of 160 megawatts, Noor 1 is on the edge of the Sahara desert, around 20 km (12 miles) outside Ouarzazate. The facility stores thermal energy from the Sun’s rays and uses it to activate steam turbines that produce electricity. The project’s […]

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Cal on January 29th, 2016

In a surprise development this week, Russian Energy Minister Alexander Novak said Saudi Arabia has proposed that crude oil-producing countries cut production by up to 5% in an effort to raise worldwide prices. Saudi Arabia is OPEC’s largest producer. Any agreement to do so would be the first global deal in over a decade to […]

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Cal on January 26th, 2016

Moody’s Investors Service has placed the ratings of 120 oil & gas companies around the world on review for a ratings downgrade. The reviews reflect a mix of declining crude oil prices that are near multi-year lows, weakening global demand, and a prolonged period of oil oversupply that will continue to significantly stress the credit profiles […]

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Cal on January 24th, 2016

Last week the 27 member states of the European Union agreed to invest €217 million in 15 key trans-European energy infrastructure projects, mainly in Central and South Eastern Europe. The selected projects will increase energy security and help end the isolation of several Member States from Europe-wide energy networks. 9 of the projects relate to […]

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Cal on January 16th, 2016

The price of crude oil sank below $30 this week as oil traders fear a tidal wave of Iranian oil is about to hit the world market with the removal of the West-imposed sanctions. “Implementation Day,” the day that Iran fulfills all necessary requirements stemming from the historic nuclear agreement reach last year, is expected […]

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Cal on January 13th, 2016

Saudi Arabia’s budget deficit is forecast at US$87 billion for this year, assuming a global crude oil price of about $40 per barrel. (Note: as of this posting the world price of oil has fallen further to about $30 per barrel.)  At this rate the desert kingdom’s financial reserves will be exhausted within seven years. […]

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Cal on January 9th, 2016

With crude oil around $33 a barrel, gasoline in the US is now retailing for 26 cents a gallon in 1965 prices. A report from Navigant Research projects the number of hydrogen fuel cell vehicles in the global market will reach 228,000 by 2024. Sales of fuel cell vehicles are expected to increase as a […]

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