Renewables: Page 10
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Louisiana in ‘unique’ position to support US offshore wind but needs legislative backing: report
Louisiana has 458 distinct companies “with potential applicability to supply products or services in the offshore wind industry,” according to a report released last week by consulting firm Xodus Group.
By Diana DiGangi • May 2, 2024 -
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024 -
Explore the Trendline➔
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TrendlineThe Energy Transition to Renewables
New policy and business actions are giving a significant boost to renewable energy in the U.S., but opposition is growing and grid interconnection, permitting, labor and other challenges remain.
By Utility Dive staff -
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GE Vernova to remain ‘highly selective’ of offshore wind orders amid uncertainty: CEO
In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.
By Brian Martucci • May 1, 2024 -
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Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • May 1, 2024 -
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Interior proposes first Gulf of Maine and Oregon offshore wind auctions
The lease areas offer more than 18 GW in total capacity, but the deep waters in both locations will necessitate floating wind turbines.
By Diana DiGangi • May 1, 2024 -
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OpinionSolar tariffs are in the spotlight again. Our current approach isn’t the answer.
Provisions in the IRA combined with aggressive tariff policy will cause the price of solar to skyrocket when we need to deploy it at a massive scale to solve the climate crisis.
By Dan Whitten • April 30, 2024 -
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
By Lamar Johnson • April 29, 2024 -
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Sponsored by Convergent Energy and Power15 questions to ask your energy storage or solar-plus-storage partner
As utilities evaluate partners to meet growing demand—it is important to ask key questions that will help you select the right folks to support the energy transition.
April 29, 2024 -
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said American Council on Renewable Energy President and CEO Ray Long.
By Diana DiGangi • April 26, 2024 -
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US offshore wind poised for ‘liftoff’ despite recent turbulence: DOE
The sector will achieve “liftoff” when it is “actively contributing to decarbonization targets, with a sustained project pipeline and regular deployment,” the Energy Department said.
By Diana DiGangi • April 25, 2024 -
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First Solar, QCells and 5 other solar manufacturers seek import tariffs, sparking industry divide
Four clean energy groups warned the petition would create market uncertainty and pose a threat to the domestic solar supply chain.
By Diana DiGangi • April 25, 2024 -
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JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
By Zoya Mirza • April 25, 2024 -
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Florida Power & Light doubles planned storage deployments to more than 4 GW over 10 years
Between the FPL solar and storage buildout and other projects, NextEra could operate more than 100 GW of generation capacity by the end of 2026, CEO John Ketchum said April 23.
By Emma Penrod • April 25, 2024 -
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After offshore wind cancellations, New York releases clean energy action plan
“New York is solidifying its leadership role in the offshore wind industry, building the supply chain right here in the state,” Gov. Kathy Hochul said.
By Diana DiGangi • April 24, 2024 -
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Interior unveils plans for up to 12 offshore wind lease sales through 2028
The announcement comes after the sector suffered another setback last week when New York announced it was not proceeding with awards for three offshore wind projects.
By Diana DiGangi • April 24, 2024 -
Courtesy of Siemens
Siemens, Eaton, Cummins among companies to receive 48C clean energy tax credits
Clean energy manufacturers have received $1.9 billion so far under the Inflation Reduction Act-funded tax credit.
By Joelle Anselmo • April 24, 2024 -
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New York nixes 3 offshore wind projects, notes GE Vernova move to abandon 18-MW turbine
The three canceled projects represented 4 GW of provisionally awarded capacity.
By Diana DiGangi • April 22, 2024 -
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Solar PPA prices stable for now but expected to rise absent interest rate cut: LevelTen
Wind PPA prices continue to rise as ongoing inflationary pressures limit development and make some new projects unprofitable, according to LevelTen Energy.
By Emma Penrod • April 22, 2024 -
(Photo by David Becker/Getty Images) via Getty Images
EV, battery projects lead clean energy manufacturing sector in March: E2
Last month showed over $2 billion in investments promising at least 1,660 jobs across five states.
By Joelle Anselmo • April 22, 2024 -
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Venture capital interest in solar plummets amid uncertain financial markets: Mercom Capital
New venture capital funding for solar companies has dropped 81% year over year, and high interest rates may erode investor interest in solar companies for some time, the consulting group says.
By Emma Penrod • April 19, 2024 -
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Democratic bill mandates FERC interconnection reforms to bring new resources online faster
The bill would help bring new power supply online to address surging demand growth and increasing grid reliability concerns, according to the R Street Institute’s Devin Hartman.
By Ethan Howland • April 18, 2024 -
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Earlier derisking is key to offshore wind’s future in the US, Ørsted Americas CEO, others say
But that will extend a project’s lead time, “which is difficult for federal and state policies if people are trying to get these projects deployed as fast as possible,” Ørsted Americas CEO David Hardy said.
By Diana DiGangi • April 18, 2024 -
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Constellation prepared to ‘visit with the courts’ about proposed hydrogen tax credit rules
The company plans to apply for 45V tax credits even though their hydrogen would not qualify under draft IRS guidance, Executive Vice President Kathleen Barron said Wednesday at the BNEF Summit in New York City.
By Emma Penrod • April 18, 2024 -
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OpinionFERC’s final regional transmission rule is coming soon. It has one shot to get it right.
A strong rule will help spur the transmission lines necessary to meet America’s growing energy needs, while also setting the table for a future interregional rule to mitigate the effects of extreme weather.
By Ray Long • April 18, 2024 -
Courtesy of Hyundai Motor Group.
DOE cites cost, reliability concerns for new gas plants as it details how to meet surging power demand
Rising electricity demand will require a portfolio of resources, including energy storage, hydropower, nuclear, grid-enhancing technologies and demand-side management, DOE said.
By Robert Walton • April 18, 2024
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