Finance
2024, January, 24, 06:25:00
BRITAIN'S NUCLEAR INVESTMENT $1.7 BLN
Currently, about 15% of Britain's energy needs are met by nuclear power, a drop from 27% in the 1990s as older plants have been decommissioned and new ones are taking time to build.
2024, January, 18, 06:30:00
A LOOK AT RECOVERY ESTIMATES FOR VENEZUELA
On October 18, the US Treasury suspended certain sanctions measures on nVenezuela’s oil and gas sector operations.
2023, December, 6, 06:25:00
U.S. INFRASTRUCTURE INVESTMENT $1.2 TLN
When Congress passed the IIJA in 2021, it authorized $1.2 trillion in spending over five years for the country’s critical infrastructure - transportation, energy- broadband, water, technology, healthcare, education and more. Currently, it is estimated that between $345 billion and $400 billion has been disbursed to date.
2023, November, 27, 06:30:00
SOUTH AFRICA'S ENERGY INVESTMENT $8.8 BLN
The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province.
2023, November, 23, 06:45:00
NON-OIL NON-DOLLAR
China, which has been promoting the yuan’s use in transactions with major energy and commodity exporters, is Saudi Arabia’s biggest trade partner.
2023, November, 23, 06:40:00
GERMANY IN FLAMES
If officials conclude that the court judgment broadly applies to most of Germany’s off-budget funds, as expected, Finance Minister Christian Lindner will have to retroactively account for at least €30 billion of new debt in a revised program for 2023,
2023, November, 23, 06:35:00
U.S. DEBT $33.7 TLN
There is no rocket science to the three basic choices for grappling with a national debt that has doubled in just the last decade and stands at $33.7 trillion, around 124% of GDP: raise taxes, cut spending or do a combination of the two.
2023, November, 23, 06:30:00
VENEZUELA'S DEBT OVERVIEW
We estimate Venezuela’s external debt stands at around US$167 billion. The majority is from the sovereign at US$107 billion, with PDVSA adding US$59 billion and ELECAR another US$1 billion. 21% is arrears due to missed interest payments.
2023, November, 23, 06:15:00
U.S. BATTERY INVESTMENT $3.5 BLN
The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.
2023, November, 23, 06:10:00
INDONESIAN ENERGY TRANSITION INVESTMENT $21.6 BLN
Indonesia’s investment plan, known as the Comprehensive Investment and Policy Plan (CIPP), states that Indonesia aims to increase the share of renewable energy in its power generation to 44% by 2030 (18% in 2022).
2023, November, 17, 06:10:00
U.S. ENERGY RESILIENCY
A total of $3.5 billion will flow to 58 projects selected in 44 different states for funding. All the named projects are designed to make energy infrastructure climate-proof. Anticipated results include expanding clean energy suppliers, microgrid investments, and significantly increasing gigawatts of renewable energy capacity.
2023, November, 17, 06:05:00
U.S. EXISTENTIAL ENERGY
Addressing electric transmission capacity constraints and congestion is an existential necessity to maintain grid reliability while meeting demand.
2023, November, 3, 06:15:00
U.S. CLEAN ENERGY WILL UP
Funding and support are abundantly available for clean energy projects in America. The federal government has allocated billions in funding to incentivize Americans to move to clean energy.
2023, October, 27, 06:40:00
U.S. ENERGY SAVINGS $18.5 BLN
Partnering entities, including more than 900 businesses, state and local governments, utilities, housing authorities, and other public and private organizations, to date have collectively saved $18.5 billion through efficiency improvements and cut harmful carbon dioxide emissions by nearly 190 million metric tons— an amount roughly equivalent to combined annual emissions of 24 million homes.
2023, October, 27, 06:30:00
FRENCH NUCLEAR FUEL INVESTMENT $1.8 BLN
The board of directors of Orano has approved an investment of some EUR1.7 billion (USD1.8 billion) to raise the production capacity of the Georges Besse II (GB-II) uranium enrichment plant at the Tricastin site in southern France by more than 30%.