Energy

GE Renewable Energy Dutch utility Eneco has started to purchase power produced by the prototype of GE Renewable Energy’s Haliade-X 12 MW wind turbine. The prototype has been installed at the port of Maasvlakte-Rotterdam, the Netherlands. The energy produced by the Haliade-X is being sold by Future Wind, a joint venture between Pondera Development and
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A project described as West Africa’s “first ever utility-scale wind farm”, has started transmitting power to Senegal’s national electricity grid. In an announcement Thursday, renewable power firm Lekela said that Parc Eolien Taiba N’Diaye (PETN) would produce electricity for Senegal across a period of 20 years. While the 158.7 megawatt (MW) facility has started to
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In January, GM previewed a crossover that is expected to be Cadillac’s first all-electric vehicle on the company’ next-generation all-electric vehicle architecture. GM DETROIT — General Motors expects a majority, if not all, of its Cadillac cars and SUVs sold globally to be all-electric vehicles by 2030, according to a company executive. Cadillac President Steve Carlisle on
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A photo taken on August 19, 2013 shows a worker checking oil tanks at an oil well near Tioga, North Dakota. Karen Bleier | AFP | Getty Images Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs
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Artem Hvozdkov | Moment | Getty Images Companies with the highest level of carbon emissions will lose 43% of their value by 2025 as governments around the world implement climate policies, a new report has claimed. Published Monday, the report from the UN-backed Principles of Responsible Investing (PRI), Vivid Economics and Energy Transition Advisors estimated
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Youth march along Pennsylvania Avenue to the U.S. Capitol Building as part of the Global Climate Strike protests on September 20, 2019 in Washington, DC. Samuel Corum | Getty Images Top issues in 2020 will include inequality and climate change, Saxo Bank’s chief economist said on Monday. “Across the board, inequality and climate will actually
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Energy ministers from some of the world’s largest oil producers have agreed to deepen recurring production cuts by an additional 500,000 barrels per day (b/d) through to March 2020. OPEC and non-OPEC allies, often referred to as OPEC+, decided to implement tighter oil production policy at a biannual meeting in Vienna, Austria on Friday. The
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OPEC’s meetings appear to be in disarray even before they begin this week, but analysts see a growing chance the fractured group may ultimately agree to deeper production cuts. Members of the Organization of the Petroleum Exporting Countries meet Thursday in Vienna, and they will be joined by Russia and other non OPEC producers Friday. That
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