investment

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. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

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”

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 additions in 2017, more than double the new-builds from fossil fuel-powered generation. The Global Trends in Renewable Energy Investment 2018 report, compiled by BNEF, the […]

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. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]

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 investment in wind capacity in the country. The company has proposed 11 new wind farms in seven states, which would add a total of 3,380 […]

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 now well underway about how energy gets produced, delivered, consumed, and managed in many parts of the world, including the U.S.,” said Ethan Zindler, head […]

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 order with GE. The conference was held March 13–15, 2015, and was purported to be a key milestone of the government’s medium term economic development […]