FPL to build solar thermal plant in California
LOS ANGELES, CALIFORNIA - FPL Group Inc said it has filed an application with California regulators to build and operate a 250-megawatt (MW) solar thermal plant in the Mojave Desert.
The plant is part of FPL's strategy to add at least 600 MW of new solar generating capacity by 2015, the Juno Beach, Florida-based company said in a statement.
The Beacon Solar Energy Project will be located on a 2,000 acre site in Kern County, California. Construction on the plant is expected to begin in late 2009 and will take two years to complete.
The plant will generate enough electricity to power about 175,000 homes.
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Global oil demand to decline in 2020 as Coronavirus weighs heavily on markets
LONDON - Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s latest oil market forecast.
The situation remains fluid, creating an extraordinary degree of uncertainty over what the full global impact of the virus will be. In the IEA’s central base case, demand this year drops for the first time since 2009 because of the deep contraction in oil consumption in China, and major disruptions to global travel and trade.
“The coronavirus crisis is affecting a wide range…
