The demand for energy-efficient building renovation programmes offered by Germany’s government in the context of its Climate Action Programme 2030 remains high in the second quarter of 2020, even as the coronavirus pandemic took a grim toll on economic activity between April and June. According to the economy ministry (BMWi), credits and grants worth 14.5 billion euros haven been issued by the national development bank KfW in the first half of the year to retrofit more than 215,000 housing units as well as commercial and public buildings.

Germany’s Energy Efficient Renovation Support Programmes! | Devamı>>>

The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic.

The Sustainable Recovery report, published Thursday, is designed to present world leaders with cost-effective measures that could be implemented from 2021 through to 2023.

It sets out three main goals: spurring economic growth, creating jobs and building more resilient and cleaner energy systems.

IEA Outlines $3 Trillion Green Recovery Plan! | Devamı>>>

A 500 megawatt solar photovoltaic plant, described by Spanish utility Iberdrola as “Europe’s largest,” sent its first megawatt hour of energy to the grid earlier this week, a welcome bright spot for an industry that in the months ahead could experience difficulties brought about by the coronavirus pandemic.

The Núñez de Balboa facility is located in Extremadura, a region in the west of Spain. According to Iberdrola, it has over 1.4 million solar panels and will be able to supply energy to 250,000 people per year.

‘Europe’s Largest’ Solar Power Facility Comes Online | Devamı>>>

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 firm said the turbine would be in excess of 10 megawatts (MW) and tested at the Marine Energy Test Centre in Norway. The average size of offshore turbines installed in 2019 was 7.8 MW, according to trade body WindEurope.

Plans are Underway to Build Huge, Floating Offshore Wind Turbine in Europe | Devamı>>>

Whole cities, towns, regions and countries are in lockdown owing to the coronavirus or Covid-19 global pandemic with shutdowns stretching from the Philippines to Canada and much else in between.

Earlier this week, India – the world’s second-most populous country – initiated its lockdown to control the virus outbreak. That’s a $2.7 trillion GDP economy of over 1.3 billion people grinding to a virtual halt. With each passing day, the question on every energy forecasters‘ mind is what such lockdowns will do to crude demand.

Global Oil Demand Could Fall 20% In Coronavirus Lockdown | Devamı>>>

Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.

The rare combination of severe shocks to both supply and demand has caused the crude market to collapse as producers around the world steel themselves for an unexpected glut of oil in coming weeks.

Oil Prices Crude Posts Biggest Weekly Losses Since 2008 | Devamı>>>