14 October
The International Energy Agency (IEA) has released its World Energy Outlook 2020 report. The Agency forecasts a 5% fall in energy demand during 2020, as a result of Covid-19. This compares to a 12% increase predicted before the pandemic. The agency also said peak oil has yet to come, contradicting predictions by other analysts.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
SSE plans to sell its 50% stake in energy projects in Yorkshire, UK, to an investment fund. The Scottish firm will receive $1288m (£995m) in cash in return for the stake sale. Proceeds from this sale will go towards low-carbon energy infrastructure investment before 2025, and cutting the company’s debts. Recently, SSE affirmed plans to make big payouts to investors despite the Covid-19 pandemic.
Engie and Mitsui sold a stake of 75% in their jointly owned Australian Renewable Energy Trust to Infrastructure Capital Group. Although terms of the deal have not been disclosed, Reuters valued the deal at $287m (A$400m), citing a person familiar with the deal.
