renewables

SAN FRANCISCO, CA — March 1, 2023 — Renewable Properties, a developer and investor in small-scale utility and community solar projects, has closed its Fund 8 portfolio with two financing partners, Nelnet Renewable Energy and AB CarVal. Fund 8 consists of nearly 30 MW of community solar projects in California and New York. The closing of Fund 8 reflects the company’s strong ties to […]

Essen, Germany (March 1, 2023) — RWE AG, one of the world’s leading renewable energy companies, successfully closed the acquisition of all shares in Con Edison Clean Energy Businesses, Inc. (Con Edison CEB), from Consolidated Edison, Inc. after only five months from the announcement of the transaction. All relevant authorities have approved the acquisition. The transaction makes […]

The recent shake-up in natural gas markets and their ensuing impact on energy security, and geopolitical tension, dramatically altered the trajectory of global coal-fired generation, sending it soaring to

Geothermal Plant Planned in Colombia. Colombian petroleum company Ecopetrol in December announced plans to build a 250-kW geothermal power plant in the Apiay oil complex in Meta, Colombia. The power plant will

Jamal Burki is president of IHI Terrasun, a company that provides energy storage systems, including standalone systems and also those paired with solar power installations.  Burki, who has spent just short of two years in his current role and has been with the company since 2015, recently provided POWER with insight into the energy storage […]

The United Arab Emirates (UAE) is in the midst of an energy transition, moving away from its nearly exclusive use of natural gas-fired power generation to a strategy based on renewable energy resources. The country has an abundance of natural gas, and it also has significant solar power potential. The UAE also is adding nuclear […]

A lobbying group for China’s power generation sector said the country will add about 70 GW of fossil fuel-powered capacity this year, even as renewable energy is set to provide more than half of China’s electricity production in 2023. The China Electricity Council in a report published Jan. 19 said the 70 GW of new […]

As fuel and power price volatility continues across the U.S., the push to transition away from fossil fuels to lower-cost renewable, clean energy intensifies. But in order to reach President Biden’s goal of 100% carbon pollution-free electricity by 2035, utilities, developers, and regulators need to align and work together to improve the interconnection process. COMMENTARY Though […]

A major power transmission project will proceed in New Mexico after a regulatory group approved a public-private partnership for development of a 400-mile high-voltage direct current line. The New Mexico North Path project could move as much as 4 GW of renewable energy from sites in northeastern New Mexico to the state’s Four Corners region, […]

The Tennessee Valley Authority (TVA) has approved retirement of the Cumberland coal-fired power plant, with officials on Jan. 10 saying the utility will replace one of the plant’s two units with a 1,450-MW natural gas-fired combined cycle facility at the site. The TVA has held public meetings over the past few years amid much discussion […]

SUGAR LAND, Texas (Jan. 9, 2023)  — CPV Retail Energy, the recently announced retail electric division of Competitive Power Ventures (CPV), has selected ArcTrade as the technology platform to help the company offer clean energy products backed by CPV’s world-class generation fleet directly to businesses to help meet their ESG goals. “As we grow the […]

Several executives in the power generation space weighed in for POWER’s recent report on supply chain issues in the sector. Sourcing of equipment also was a hot topic in POWER’s 2023 forecast for the industry. It’s no surprise. The power sector is not exempt from the problems that have impacted business and industry worldwide, from […]

The pandemic exposed issues with the global supply chain that provides resources for power generation. The pressure of having enough equipment to meet industry needs has spurred an emphasis on domestic

The recent United Nations (UN) COP27 climate conference in Egypt was host to several announcements of large-scale renewable energy projects, including one of the world’s largest wind farms, along with an

Large global corporate groups continue to buy stakes in major renewable energy projects and sign power purchase agreements (PPAs) designed to provide long-term electricity for their operations. Some

The groundbreaking Inflation Reduction Act (IRA) will put hundreds of billions of dollars toward renewables. As the most comprehensive energy policy in recent years, the IRA is already having a profound impact

President Joe Biden last year signed the Inflation Reduction Act (IRA) that, in addition to a number of other actions, extended and enhanced a number of green energy tax opportunities. Notably, it extended the

A massive, multibillion-dollar renewable and fossil-fuel energy project is underway in China. The installation, being built by China Three Gorges (CTG), includes wind, solar, energy storage and coal-fired power generation. Ground was broken for the first pilot of the Kubuqi Base project in Dalate Banner, Ordos, Inner Mongolia on Dec. 28, 2022, according to Chinese […]

GURUGRAM, India, Dec. 16, 2022 — ReNew Power (“ReNew” or “the Company”) (NASDAQ: RNW) (NASDAQ: RNWWW), India’s leading renewable energy company, today announced that it has signed a renewable energy agreement of 150 MW with Microsoft India, in one of the largest such deals in the country. As part of the arrangement, ReNew will produce 150 MW of clean energy from a […]

WASHINGTON, D.C., December 14, 2022 – In just the last three months, over $40 billion of new grid-scale clean energy investments have been announced, a new report shows – the same amount as the total investment estimated for all clean energy projects installed in 2021. The Clean Energy Investing in America report, released today by the […]

Mitsubishi Power is expanding its geothermal infrastructure in Indonesia. The company has received an order from PT Pertamina Geothermal Energy (PGE), a subsidiary of the state-owned oil and gas group PT Pertamina, for construction of a 55-MW unit at the Lumut Balai Unit 2 geothermal power station. The order is for a steam turbine, generator, […]

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power generation project portfolios. Among the latest is

The UK has a broad plan to develop a hydrogen economy as a feature of its commitment to reach net-zero carbon emissions by 2050. Energy analysts have said hydrogen not only could fuel the country’s

It’s always difficult to select winners from the field of nominations submitted to POWER for its annual awards, and this year was no exception. The Wudongde Hydropower Station was the big winner, while

The Biden administration has reversed a controversial Trump-era rule that barred plan fiduciaries from considering climate change and other environmental, social, and governance (ESG) factors when choosing retirement investments and exercising shareholder rights, such as proxy voting.  A final rule issued by the Department of Labor (DOL) on Nov. 22 removes restrictions issued in two […]

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 […]

Two groups involved in innovation for power generation, including Italy’s largest utility, have teamed to build a rock-based energy storage system to capture excess power at a natural gas-fired power plant in Tuscany. Italy’s Enel, along with Israel’s Brenmiller Energy, have said the project aligns with their efforts to test new technologies to increase flexibility […]

Coal-fired See our August 2022 issue for stories covering these plants: Osaki Cool Gen, Japan Shanghaimiao Power Plant, China Renewables See our September 2022 issue for stories covering these plants: Bighorn Solar Project, Colorado Boone Dam Hydro Project, Tennessee Energypark Haringvliet, Netherlands Harvey Milk SFO Terminal, California Svartsengi Geothermal Power Plant, Iceland Western Spirit Wind, […]

Unexpectedly steep financial losses suffered by the U.S. renewables market owing to a barrage of extreme weather events over the past summer suggest that project hardening strategies aren’t going far enough, a major renewables insurer is warning. GCube, an international insurer for wind, solar, wave, hydro, and tidal projects around the world in an update […]