Finance

The energy market is the newest frontier for Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance risk. This sector is highly complex; it is dynamic, volatile, and under mounting regulatory pressures.

The China Global Power (CGP) Database, developed by Boston University’s Global Development Policy Center, systematically tracks power plants outside of China that are financed through Chinese foreign direct investment and its two major policy banks—the China Development Bank and the Export-Import Bank of China. As of mid-2022, China-backed investments supported 648 power plants across 171.6 […]

Since 2013, when China launched its Belt and Road Initiative (BRI), interest in the measure has been sharply divided. Proponents in Beijing and across the Global South view the BRI as a transformational

Energy major Invenergy and telecom company Verizon are moving forward with power purchase agreements (PPAs) involving 640 MW of solar energy from projects across four states. The deals announced Feb. 19 mean that Verizon now has procured more than 1 GW of power from Invenergy, the Chicago, Illinois-based renewable energy group considered the largest privately […]

Several U.S. utilities in recent months have said they plan to keep coal-fired units in their generation fleets operating past their scheduled retirement dates, in most cases citing increased demand for electricity in their service areas. Some also note that the Trump administration is likely to eschew enforcement of current pollution standards, and attempt to […]

In the face of escalating climate challenges, renewable energy asset owners come to a critical crossroads: invest in resilient, hardened assets or opt for standard equipment to minimize upfront costs. In the context of solar energy, resilience refers to an asset’s ability to withstand, adapt to, and quickly recover from disruptions caused by extreme weather […]

Lightshift Energy, a developer, owner, and operator of energy storage projects, has partnered with Basis Climate to complete the sale of nearly $10 million of investment tax credits (ITCs) tied to four utility-scale battery energy storage (BESS) projects in Massachusetts. The projects range from 9,000 kWh to 22,000 kWh. The systems are designed to charge […]

2025 will test the progress of the world’s energy transition and could forecast its direction for the next decade. With major economies pursuing budget cuts, it will be a year that challenges the economic viability of any publicly funded projects, with growing pressures to deliver faster and cheaper. For emerging technologies in particular, such as […]

The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of the Dept. of Energy’s (DOE) Loan Programs Office (LPO). The Jan. 17 announcement comes one day after the outgoing administration said it would provide nearly […]

Most POWER readers are probably familiar with levelized cost of energy (LCOE) and levelized value of energy (LVOE) as metrics used to help evaluate potential power plant investment options. LCOE measures the average net present cost of electricity generation over a facility’s lifetime. It includes capital costs, fuel costs, operation and maintenance (O&M) costs, financing […]