Renewable energy

A Texas-based company involved with data analytics for the energy industry is acquiring a Spanish group as part of a continuing effort to expand its offerings in the power generation sector. Enverus, formerly known as DrillingInfo and a longtime player in the oil and gas industry, on Sept. 14 said it is acquiring RatedPower, a […]

A new study from business and environmental researchers at Oxford University disputes the notion that a strategy to transition global power generation toward renewable energy and away from fossil fuels is too expensive to pursue. The study, released Sept. 13 and published in the journal Joule, reports that decarbonizing the world’s energy systems would save […]

Billions of dollars are supporting renewable energy development in the U.S. The International Energy Agency has said record amounts of spending on clean energy will increase global energy investment by 8% in 2022. Julie McLaughlin, a managing director with Alvarez & Marsal’s U.S. Energy practice in San Francisco, California, has extensive experience in the energy space, working with […]

President Biden’s signing of the Inflation Reduction Act (IRA) should provide further impetus for growth of U.S. renewable energy, coming on the heels of a report from the Federal Energy Regulatory Commission (FERC) that installations of solar and wind power accounted for more than two-thirds of new domestic utility-scale generation in the first six months […]

From powering the first combustion engines to becoming a vital part of the modern-day refining industry, the relationship between hydrogen (H2) and energy spans centuries. It is the most abundant element on our planet. The gas burns clean, it’s light, energy-dense, and we’re only just beginning to uncover its true potential. Hydrogen could well be […]

California officials have taken a major step toward establishing the state’s offshore wind energy industry, setting a goal of installing as much as 5 GW of generation capacity this decade, and 25 GW by 2045. The California Energy Commission (CEC) on Aug. 10 put out a report detailing the state’s plan for offshore wind, which […]

Chicago’s public buildings could all be powered by renewable energy under a plan announced by Mayor Lori Lightfoot on Aug. 8. The mayor, along with Illinois Gov. JB Pritzker, on Monday said the city has an agreement with Chicago utility Constellation Energy, along with Massachusetts-based Swift Current Energy, a renewable energy developer. The two spoke […]

Longtime Southern Co. CEO Tom Fanning plans to announce his retirement, perhaps by the end of this year, stepping down after leading the company since 2010. A Bloomberg report on July 29, citing “people familiar with the matter,” said the U.S. utility giant already has launched a search to find Fanning’s replacement. Bloomberg reported that […]

Community Choice Aggregation (CCA) programs have become quite prominent in communities across California, and have begun to spring up in other states including Illinois, Massachusetts, and Ohio. Through CCA, communities can purchase electricity on behalf of residents and businesses, in place of investor-owned utilities such as Pacific Gas & Electric (PG&E), San Diego Gas & […]

Darlington, Wisconsin, July, 20 2022 – EDP Renewables North America (EDPR NA), a leading renewable energy company in North America, announces the fifth anniversary celebration of the Quilt Block Wind Farm in Darlington, Wisconsin. The Quilt Block project has an installed capacity of 98 megawatts (MW), which is the equivalent of powering more than 36,000 […]

INLET BEACH, Fla., July 19, 2022 — Following a competitive solicitation, the Southwest Public Power Agency, Inc. (SPPA) has signed a Power Purchase Agreement (PPA) with a BrightNight joint venture (JV) for the delivery of 300-megawatts of solar energy and 600 megawatt-hours of battery storage power. This is the largest renewable power purchase in SPPA’s […]

A series of large solar-plus-storage installations is set for deployment in California and Hawaii, with Clearway Energy Group and Wärtsilä announcing five sites where the companies will install solar photovoltaic (PV) resources along with battery systems. The projects announced July 11 include 500 MWac/2-GWh of power in total, installed at solar power sites operated by […]

War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed

The largest floating solar farm in Europe, located on the reservoir for a hydroelectric dam in Portugal, is expected to begin producing power this month. The July startup of the Alqueva installation (Figure

Swedish-based renewable energy developer OX2 has taken another step toward construction of its Aurora offshore wind farm, a 5.5-GW project sited between the islands of Gotland and Oland in the Baltic Sea. OX2 on June 27 announced it had submitted a permit application to build the wind farm under the auspices of Sweden’s Exclusive Economic […]

A project to bring solar and wind energy from a 10.5-GW project in Morocco to the UK will feature what is likely the world’s longest subsea, high-voltage direct current (HVDC) cables. The importation of

India’s Power Ministry, despite the country facing shortages of electricity in recent years and as recently as the past month, said it plans to reduce the amount of power generation from at least 81 of the country’s 173 coal-fired power plants over the next four years. The agency, in a letter dated May 26 that […]

Commercial and industrial (C&I) enterprises rely on their power supply. Many facilities, such as hospitals, federal institutions, and military bases—those considered mission critical—have long been at the forefront of finding solutions to keep their lights on. In today’s world, the need for reliable and resilient power is critical for a wide range of industries. Uninterrupted […]

PARIS, France (May 25, 2022) – TotalEnergies has announced the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the fifth-largest U.S. renewable energy player. This constitutes its largest acquisition in the renewable energy in the U.S., one of the top three renewable markets in the world. With […]

The California Energy Commission (CEC) is mulling a preliminary planning goal for 3 GW of offshore wind by 2030 and potentially expanding it to 10 GW to 15 GW by 2045. If finalized, California’s offshore wind goals would be the most ambitious in the U.S., surpassing even New York’s, which calls for 9 GW by […]

The highs and lows of markets for renewable energy are driving more interest in granular pricing data. Any company embarking on a new project must do its research to ensure that it calculates the proceeds based on the right financial information. With so much data now readily available, it’s more important than ever to use […]

SEATTLE, Wash. (April 20, 2022) — Amazon today announced 37 new renewable energy projects around the world, marking significant progress on its path to power 100% of its operations with renewable energy by 2025—five years ahead of the original target of 2030. The new projects increase the capacity of Amazon’s renewable energy portfolio by nearly […]

The candidate leading in the polls just weeks ahead of the May 9 presidential election in the Philippines has vowed to make nuclear power part of the country’s energy mix if he is elected, saying it is the best technology to tackle the country’s high electricity prices. Other candidates, while noting the importance of nuclear […]

A group considered the world’s largest asset manager has joined with a United Arab Emirates (UAE) wealth management fund to support an investment in renewable energy development in India. A consortium led by New York-based BlackRock, along with UAE sovereign wealth fund Mubadala Investment Co., on April 14 said it would pay $525 million for […]

The leader of General Electric’s (GE’s) global energy business said the company expects its power and renewable energy units should be profitable in 2023, and experience even more success in 2024, after it weathers market headwinds that present challenges this year. Scott Strazik, speaking at the company’s March 10 investor day event, said GE is […]

Under current law, there are significant tax benefits for renewable energy projects in the United States. These benefits include nonrefundable ITC and PTC tax credits and depreciation deductions.  From the perspective of a renewable energy developer, however, such tax benefits may be difficult to use effectively.  Currently, ITC and PTC tax credits are nonrefundable, meaning that […]

The venerable business of commodity trading, already in the news for the supply chain impacts of COVID, has moved to center stage with the war in Ukraine. Impacts of Russia’s invasion could ripple to manufacturing of all kinds, especially the clean energy transition we need to meet climate goals. COMMENTARY Within the first week of […]

Notwithstanding the ongoing impacts of COVID-19, in 2021 the deployment of solar, solar + storage, stand-alone storage, wind, and other renewable energy technologies continued to rapidly expand across the U.S

Oman Adds Major Solar Project. A consortium consisting of Saudi Arabia-based ACWA Power, Kuwait-based Gulf Investment Corp., and Kuwait’s Alternative Energy Projects Co. in January inaugurated Ibri 2, the

The mining of cryptocurrency, or bitcoin, is an energy-intensive process, and entrepreneurs are looking at several technologies—including innovative geothermal energy techniques—to power their operations. Among the latest is a service from a California-based renewable energy group, RenewaBit, which has joined with CeraPhi Energy, a Houston, Texas-based company, to produce geothermal energy with integrated crypto mining […]