Renewables: Page 11
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Photobes via Getty Images
BOEM awards offshore wind leases to Equinor, Dominion
Together, the two central Atlantic leases offer up to 6 GW in capacity, with the companies paying close to $93 million in total.
By Diana DiGangi • Aug. 15, 2024 -
Permission granted by Town of Nantucket Marine Department
Vineyard Wind, GE Vernova cut damaged turbine blade to prevent more ocean debris
The Bureau of Safety and Environmental Enforcement has also revised the project’s suspension order, allowing Vineyard Wind to install new towers and nacelles.
By Diana DiGangi • Aug. 13, 2024 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
TrendlineSustainability
Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
By Utility Dive staff -
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Blackstone acquires majority stake of renewables engineering firm
While the terms of the deal with Westwood Professional Services were not disclosed, a Blackstone executive said its energy transition business has committed $1.3 billion in investments since June.
By Lamar Johnson • Aug. 12, 2024 -
Douglas Rissing via Getty Images
GSA updates federal building standards in clean energy push
The latest P100 update, which applies to 300,000 federal buildings, mandates clean energy use in facilities and sets new benchmarks for efficiency.
By Nish Amarnath • Aug. 12, 2024 -
Felipe Rodriguez via Getty Images
Algonquin Power sells renewable energy business for $2.5B
The agreement marks the first move of a three-part plan to become a pure-play regulated utility, CEO Chris Huskilson said.
By Emma Penrod • Aug. 12, 2024 -
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New England’s joint offshore wind solicitation delayed by DOE grant
Two of the bidding companies said they support the month-long delay in bid selection as Massachusetts, Connecticut and Rhode Island consider the impact of $389 million in DOE funds.
By Diana DiGangi • Aug. 8, 2024 -
Sean Gallup via Getty Images
Carbon market governing body tightens standards for renewable energy credits
The Integrity Council for the Voluntary Carbon Market said carbon credits issued under existing renewable energy methodologies won’t qualify for its Core Carbon Principles label.
By Zoya Mirza • Aug. 8, 2024 -
Courtesy of Qcells
Qcells scores $1.4B DOE loan guarantee for Georgia solar factory
The money will help build one of the country’s largest ingot and wafer plants, expected to begin production later this year.
By Kate Magill • Aug. 8, 2024 -
gorodenkoff via Getty Images
OpinionHow data centers are being used to bypass clean energy goals
It is possible that real growth is coming for the electricity sector from data centers, electric vehicles and electrification. But that growth can be met without expanding fossil fuels.
By Patty Durand • Aug. 8, 2024 -
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SunPower files for bankruptcy, plans to sell or wind down remaining operations
SunPower, a leading residential solar installer, has encountered a “severe liquidity crisis” and must sell its assets to pay down more than $2 billion in debts, company officials said.
By Emma Penrod • Aug. 7, 2024 -
Andrew Harnik via Getty Images
USTR to decide soon on proposed tariff hikes for Chinese solar cells, EVs, other items
The White House’s rationale for increasing tariffs is to make the U.S. more competitive in the clean energy and technology sectors, a major focus during the Biden administration.
By Philip Neuffer • Aug. 2, 2024 -
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Clean energy tax credits are tough. This new tool could help.
The free online navigator from Lawyers for Good Government can help cities determine if a project qualifies for Inflation Reduction Act direct-pay incentives.
By Ysabelle Kempe • Aug. 1, 2024 -
Justin Sullivan via Getty Images
IRA tax credit transfer transactions could reach $25B this year, says Crux
Total transfer activity in 2023 was as much as $9 billion while activity in just the first half of 2024 totaled between $9 billion and $11 billion, a report from Crux estimates.
By Diana DiGangi • Aug. 1, 2024 -
Jinli Guo via Getty Images
BOEM ‘confident’ in Gulf of Mexico offshore wind despite canceling lease auction
GNOwind Alliance members believe that this auction came down the pike way too quickly, said Cameron Poole, an energy and innovation associate at economic development agency Greater New Orleans.
By Diana DiGangi • July 31, 2024 -
Laurence Dutton via Getty Images
Data platform Paces nabs $11M to scale clean energy development
The new funding will help the company improve its platform, enhance its data intelligence and make certain data tools more available throughout the United States.
By Zoya Mirza • July 30, 2024 -
Silverman Media Services via Getty Images
DOE offers $33M for clean energy smart manufacturing
The money aims to boost R&D related to circular supply chains and sustainable materials and equipment.
By Kate Magill • July 29, 2024 -
Courtesy of RPlus Energies
rPlus Energies secures $1B for 800-MW solar-plus-storage ‘peaker plant’
In addition to the recent $1 billion Green River Energy Center deal, private equity investments will allow rPlus Energies to transition to an owner-operator model.
By Emma Penrod • July 26, 2024 -
gorodenkoff via Getty Images
Data centers powered by clean energy draw higher prices, as AI fuels electricity demand spike
A majority of companies are turning to third-party colocation data centers to support AI initiatives, with over 90% willing to pay more for clean energy, according to a survey by Flexential.
By Joe Burns • July 26, 2024 -
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OpinionThe US lacks enough skilled clean energy workers, but solutions are close at hand
To build successful clean energy manufacturing businesses in the U.S. while revitalizing our domestic industrial base, companies need to take responsibility for developing the workforce their growth depends on.
By Chris Dougher • July 26, 2024 -
Courtesy of Enphase Energy
Enphase Energy revenue drops 57% but California net metering rules spur battery sales
The revenue decrease was due to a “broad-based slowdown” in the U.S. and Europe caused by higher interest rates, policy changes and other factors, the company said.
By Brian Martucci • July 25, 2024 -
Fokkebok via Getty Images
GE Vernova suspects ‘manufacturing deviation’ was behind Vineyard Wind blade failure
The initial investigation points to a problem of “insufficient bonding,” which the “quality assurance program should have identified,” said a GE Vernova spokesperson.
By Diana DiGangi • July 25, 2024 -
Courtesy of Holy Cross Energy
Data center renewables demand drives strong Q2 for NextEra Energy Resources
NextEra Energy’s development arm signed deals for more than 3 GW of renewable energy during the second quarter, including an 860-MW agreement with Google.
By Emma Penrod • July 25, 2024 -
Mario Tama via Getty Images
Cities plan renewable energy, electrification projects as EPA unveils $4.3B in climate grants
The grants “put local governments in the driver’s seat to develop climate solutions that work for their communities,” a federal official said.
By Ysabelle Kempe • July 24, 2024 -
Ian Dyball via Getty Images
CPUC proposes procuring 7.6 GW of offshore wind by 2037
The California Public Utilities Commission’s call for centralized procurement is “what folks have been waiting for on the West Coast,” said K&L Gates partner Theodore Paradise.
By Diana DiGangi • July 24, 2024 -
Anna Rose Layden via Getty Images
Bipartisan energy permitting bill ups FERC transmission siting authority, requires interregional planning
The Senate bill released Monday could guide the framework for action on permitting reform, which may not come until next year, according to observers.
By Ethan Howland • July 23, 2024
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