Power sector supply chains, hard hit by the COVID-19 pandemic, are feeling the double whammy of uncertainty posed by a broad U.S. executive order. As was clear at the Federal…
investment
Deal-making in the North American power and utilities sector fell for the third year in a row in 2019, and total deal value shrank by 41% compared to 2018, indicating…
Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan.…
The International Energy Agency (IEA) deemed growth and disruptions of the world’s power sector so significant to the future of energy, it dedicated—for the first time—a four-chapter “special focus” on…
A report from groups including the United Nations environmental arm and Bloomberg New Energy Finance (BNEF) shows renewable energy installations were responsible for 61% of the world’s net power capacity…
Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments.…
Proposals for new wind resources grows company wind portfolio 50 percent MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy (NYSE:XEL), the nation’s leading utility wind energy provider, has plans to make the largest multi-state…
New energy technologies, decreasing renewable energy costs, and low natural gas prices are forcing changes in the way traditional power companies must plan for the future. “A fundamental rethink is…
The Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh resulted in some big agreements for the Egyptian government including a reported $10.5 billion deal with Siemens and a $1.7 billion…