Renewable energy

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