Renewable energy

The European Investment Bank Group (EIB Group) said it will support an initial investment of €30 billion ($30.2 billion) in loans and equity financing to move the European Union (EU) away from fossil fuels and toward cleaner forms of energy over the next five years. The EIB board of directors on Oct. 26 said a […]

While the Inflation Reduction Act (IRA) provides steps in the right direction by expanding renewable energy development and electrification incentives, it may also lead to a worsening duck curve and a larger proportion of variable power sources in the generation mix—putting significant pressure on utilities’ ability to maintain reliability. U.S. utilities need to be proactive […]

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of renewable natural gas (RNG). BP on Oct. 17 said it was buying Houston, Texas-based Archaea Energy for $3.3 billion in cash, or $26 a share, along with $800 million for […]

A new 16-GW hydropower project in China and a 9-GW plant in Indonesia are among several projects being highlighted as part of Global Hydropower Day, being celebrated Oct. 11 as the hydro sector notes the importance of the technology to the world’s power generation. The Baihetan Hydropower Station in China is being developed by Jinsha […]

If reaching net zero was easy, we would have done it already. The reality is that removing the global economy’s reliance on carbon is incredibly complex, and there’s no single “magic fix” that will

SINGAPORE, MELAKA, MALAYSIA (Sept. 19, 2022) — Hatten Land Limited is pleased to share that its wholly-owned subsidiary, Hatten Edge Pte. Ltd. has entered into a joint venture agreement with NEFIN Pte. Ltd. to develop, construct, and operate renewable energy projects, with a focus on solar energy generation, in Singapore and Malaysia. NEFIN Pte. Ltd is […]

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 […]