Business

The global solar industry on January 23 reacted to President Trump’s announcement on Monday that the U.S. will enact a 30% tariff this year on imports of solar cells and modules, a levy that could begin as soon as next month. Some groups said they will take a “wait and see” approach to the charge, […]

SANTIAGO, CHILE (January 18, 2018) — Building Energy SpA, a multinational company operating as a global integrated IPP in the Renewable Energy Industry, announces the constitution of Building Energy Andes SpA, a Joint Venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile. Scotta Group is an Italian […]

Wärtsilä and Schneider Electric have signed a global cooperation agreement to bring together their individual products and services, along with those of third parties, for the purpose of cooperating on data center projects. The deal focuses on hyperscale data center projects with at least a 10-MW electrical load. The objective of the cooperation is to […]

Though some countries, including the U.S., have moved to support coal-fired power generation over the past year, investments in renewable energy continued to rise, according to a new report from Bloomberg New Energy Finance (BNEF). The research group on January 16 said global investment in clean energy such as wind and solar reached about $333.5 […]

An executive with the parent company of Tampa Electric said the utility plans to seek regulatory approval to convert its Big Bend Power Station in Florida, the oldest and last major coal-fired facility in its fleet, to natural gas. Rob Bennett, speaking at a breakfast gathering in Tampa on January 12, said an engineering analysis […]

California regulators have approved Pacific Gas & Electric’s (PG&E’s) application to retire the Diablo Canyon nuclear plant by year-end 2025, ending a protracted battle over the generating station that pitted local economic interests against environmentalists and other opponents of nuclear power. The state Public Utilities Commission (CPUC) on January 11 voted unanimously to accept PG&E’s […]

Underscoring energy storage’s new vital role in power company operations, Siemens and AES Corp. have launched a joint company, Fluence Energy, that provides technology solutions paired with engineering and services capabilities. AES and Siemens on January 11 announced that Fluence, which merges AES Energy Storage and Siemens’ energy storage team, received all government approvals for the […]

The U.S. Energy Information Administration (EIA) released its first look at expected power generation in 2019, and its conclusions are much the same as those it expects in 2018—the use of natural gas to produce electricity will continue to rise, and the use of coal will continue to decline. EIA’s Short-Term Energy Outlook, released January […]

Westinghouse Electric Co., a company that is emerging from a bankruptcy stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, is to be acquired from Toshiba Corp. by business services and industrials company Brookfield Business Partners. Brookfield, a company of Toronto-headquartered Brookfield Asset Management, announced on January 4 that it entered into […]

SCANA Corp., a company reeling from a decision to abandon two half-built nuclear reactors at the V.C. Summer project in South Carolina, is getting a lifeline from Dominion Energy, one of the nation’s largest utilities. The two companies on January 3 announced an agreement to combine in a stock-for-stock merger. The proposed deal is valued […]