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Total bids for stake in $7.3b UK wind farm

Bloomberg French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may cost more than $7 billion to develop and operate, according to people familiar with the matter. The move is significant because it highlights growing interest from major oil companies in renewables assets. It also would be the first facility ...

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China builds power line for Hubei

Bloomberg State Grid Corp of China started construction of a $2.6 billion ultra-high voltage project that will deliver electricity to the virus-hit province of Hubei. The move by the country’s biggest power distributor is in response to the government’s call to accelerate construction of major energy projects as Chinese leader Xi Jinping seeks to stabilize economic growth, State Grid said ...

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Virus overshadows Johnson’s post-vote UK economy bounce

Bloomberg The economic bounce from Boris Johnson’s Brexit breakthrough could be cut short as the coronavirus casts a pall on the nascent recovery. While there have been signs of a rebound in investment, retail sales and even house prices, Britain is an open economy that’s particularly susceptible to global events. The virus is already having an impact on the UK, ...

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