Renewable energy

Renewable energy in Brazil will get a boost after the chief executive of Petrobras, the country’s state-run oil giant, said the company will begin buying solar power and onshore wind projects in an effort to build a clean energy portfolio. Jean Paul Prates, in an interview with the Reuters news service published Jan. 22, said […]

Climate change has led many states and countries to set targets for reducing greenhouse gas (GHG) emissions from power systems. Oregon, for example, has set targets for all power sold to retail customers in the state to have GHG emissions cut by 80% by 2030, 90% by 2035, and 100% by 2040. It’s a challenging […]

A European group that produces and supplies hydrogen has joined with a UK-based renewable energy developer in a deal to build commercial-scale green and renewable hydrogen production units in Britain and Ireland. London-headquartered Source Galileo, known for developing large-scale offshore wind projects, as well as energy storage and solar power installations, on Jan. 22 announced […]

Most countries will not meet zero-goals by 2050 based on current trajectories. It’s an unfortunate situation that needs to be taken seriously. While there are many factors delaying decarbonization efforts, the lack of clean energy-powered electric grids is perhaps the most significant barrier for nations. The United States is not exempt—despite the recent influx of […]

A roadmap released by the UK government on Jan. 11 aimed at quadrupling the country’s nuclear power capacity by 2050 sets out a series of goals and actions that could enable the delivery of 3 GW to 7 GW every five years from 2030 to 2044. In its 78-page Civil Nuclear Roadmap, the UK lays […]

Avangrid, the U.S.-based unit of Spanish energy giant Iberdrola, said it has terminated its planned acquisition of New Mexico utility PNM Resources after failing to receive final approval for the $8.3 billion deal from state regulators. Avangrid officials in a statement on Jan. 2 said the group needed to receive approval for the deal from […]

Fifty years after the first global oil shock in 1973, the world’s energy sector is again facing high geopolitical tensions and uncertainty—though this time around, “pressures are coming from multiple

The White House’s billion-dollar investment in transitioning to and expanding clean power grids is the latest reminder of the critical window for energy companies to capitalize on the opportunities to make

Life cycle analysis or assessments (LCAs) are a quintessential tool for power and utility industry professionals and tradespeople. They determine the environmental and financial value of new technologies. Consumer products get the most attention, but LCAs for renewable energy systems (Figure 1) should be discussed more. It is time to synthesize known information to create […]

Following a difficult period for the renewable energy industry, firms must begin prioritising foreign exchange (FX) risk management against the rising threat of currency movements. It has been a tough year for the renewable energy industry. The post-COVID inflationary pressures that have gripped the global economy over the last two years are weighing heavily on […]