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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. —Dr Birol. —Dr Birol.

Global 344
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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

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The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. We now have sales commitments in place for all three of TCEP’s main commercial products—electric power, urea for fertilizer, and CO 2 for enhanced oil recovery—and that is obviously key to getting this project underway.

Coal 186
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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China Energy invests $83.8M in Synthesis Energy Systems; 43.5% ownership

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ZJX will assist SES in the development of new joint venture businesses to deliver energy based on lower cost/lower grade coals such as lignite. Importantly, all of these can be derived from China's abundant and low cost domestic coal via the technology of SES. —Feng Feng, Managing Chairman of ZJX. ownership stake in SES.

China 218
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DOE releases draft of $8B loan guarantee solicitation for advanced fossil energy projects

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Projects deploying these technologies are typically unable to obtain commercial financing due to high technology risks. Low-carbon power systems: coal or natural gas oxycombustion; chemical looping processes; hydrogen turbines; synthesis gas, natural gas, or hydrogen based fuel cells.

Energy 199
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Transphorm closes $25 Million in Series D funding

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earlier post ) has completed a $25 million Series D financing round with Quantum Strategic Partners Ltd., This brings the total capital raised from all rounds to $63 million. GaN (gallium nitride) power electronics provider Transphorm Inc. The Advanced Research Projects Agency-Energy (ARPA-E) awarded Transphorm $2.95

Google 199
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Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Total subsidies for renewable energy stood at $66 billion in 2010 (a 10% increase from the year before); the total value of global fossil fuel subsidies is estimated at between $775 billion and more than $1 trillion in 2012, Two thirds of the renewable energy subsidies went to renewable electricity resources and the remaining third to biofuels.

Renewable 312