Renewable energy

The sustainable hydropower sector is at the heart of two new initiatives that aim to accelerate the clean energy transition, both announced at COP27 today. Planning for Climate Commission aims to accelerate hydropower and other renewables The Planning for Climate Commission is a new global forum focused on speeding up planning and approvals for the massive […]

The U.S. and other countries have announced a $20 billion financing plan to help Indonesia more quickly shutter the country’s coal-fired power plants and decarbonize its power generation sector. “We’ve built a platform for cooperation that can truly transform Indonesia’s power sector from coal to renewables and support significant economic growth,” U.S. Special Envoy on […]

Companies involved in energy production continually look to maximize their investments, and today are tasked with navigating increasingly volatile energy markets. These companies must choose where and how to compete as the world transitions to a low-carbon future. Where are the best opportunities for investment? How important is seeking out positions that reduce exposure to […]

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 […]

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 […]