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India bets oil demand to recover fast from virus lockdown shock

Bloomberg India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s oil minister Dharmendra Pradhan said at the BloombergNEF Summit, referring to ...

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EDF faces $11m fine over project

Bloomberg Electricite de France (EDF) faces a possible $11 million fine after being accused by French regulators of providing false information on the Hinkley Point C nuclear project and lacking transparency concerning new circumstances that ramped up its cost. In October 2014, EDF announced it would build the UK’s first nuclear reactors since 1995 after reaching a deal with the ...

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Hundreds of Dutch farmers sign $561m wind-farm deal

Bloomberg A collective of more than 200 farmers in a rural part of the Netherlands got financing to build one of the largest onshore wind farms in the country. Windpark Zeewolde BV secured 500 million euros ($561 million) of debt from Rabobank to construct the 322-megawatt wind farm about 50 kilometres (31 miles) east of Amsterdam. The group plans to ...

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