Renewables: Page 8
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US clean energy sector is breaking records but presidential election, other challenges loom: WRI
“Policymakers, regulators, developers and manufacturers must double down on their efforts to address key challenges,” said the World Resources Institute in a report.
By Diana DiGangi • Feb. 8, 2024 -
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Green investor Brookfield scores $10B for latest energy transition fund
The fund will invest in the expansion of clean energy, the development of sustainable solutions and the decarbonization strategy of companies from high-emitting sectors.
By Zoya Mirza • Feb. 8, 2024 -
Explore the Trendlineâž”
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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 -
Puerto Rico can transition to 100% renewables by 2050 but costs ‘will be significant’: DOE
To achieve 40% renewable energy, which Puerto Rico law requires by 2025, DOE concluded the optimal approach includes about 700 MW of 4-hour utility-scale batteries and up to 400 MW of long-duration storage.
By Robert Walton • Feb. 7, 2024 -
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Duke Energy proposes new gas plant to meet load growth, but groups question projections
“We’re already projecting eight times the load growth we anticipated just two years ago,” said Mike Callahan, Duke Energy’s South Carolina president.
By Diana DiGangi • Feb. 6, 2024 -
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How an Ontario virtual power plant enrolled 100,000 homes in just six months
The program is among the largest of its kind in Canada, but reproducing it in the U.S. could prove tricky because of differences in how the two nations set up independent system operators.
By Emma Penrod • Feb. 5, 2024 -
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FEMA to help communities pay for net-zero energy projects post-disaster
Communities can now leverage the agency’s grant programs to install solar microgrids, heat pumps and passive cooling when rebuilding schools, hospitals, fire stations and other infrastructure in a disaster’s wake.
By Ysabelle Kempe • Feb. 2, 2024 -
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Ikea makes strides in reducing carbon footprint, attributes progress to clean energy initiatives
The home furnishings retailer said its greenhouse gas emissions declined by 11.5% from the previous year and it has updated its climate strategy to reach net zero by 2050.
By Zoya Mirza • Feb. 1, 2024 -
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Bipartisan group of senators urges Biden to increase tariffs on Chinese solar imports
“China’s aggressive subsidies for its own solar manufacturing industry demonstrate its intent to control the industry globally,” two senators from Georgia and one each from Florida and Ohio wrote.
By Diana DiGangi • Feb. 1, 2024 -
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Severe weather can have long-term impact on solar generation: NREL
Given the increasing frequency of severe weather, the solar industry may need to adopt more stringent guidelines for durability, a researcher at the National Renewable Energy Laboratory said.
By Emma Penrod • Feb. 1, 2024 -
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2024 US power sector outlook
The U.S. clean energy transition is expected to accelerate in 2024 but faces question around transmission, financing, federal elections and other issues.
By Utility Dive staff • Jan. 31, 2024 -
Permission granted by Dominion Energy
Dominion’s 2.6-GW offshore wind farm gets federal approval to begin construction
The Coastal Virginia Offshore Wind project awaits an air quality permit from EPA, but Dominion expects to complete the facility in late 2026.
By Diana DiGangi • Jan. 31, 2024 -
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Entergy wins, wind developers lose with MISO, SPP transmission constraints: NBER paper
Without the constraints, two Entergy utilities would have had $930 million less in operating profits in 2022, a possible incentive to oppose new transmission, the paper said.
By Ethan Howland • Jan. 31, 2024 -
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DOE invests $254M in industrial emission cuts, decarbonizing technologies
In addition to awarding $171 million to 49 projects, the U.S. Department of Energy said it is accepting applications for $83 million to cut emissions from hard-to-decarbonize industrial sectors.
By Nish Amarnath • Jan. 30, 2024 -
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Duke, NextEra, other utilities are uneven advocates for climate policy, says nonprofit
Examining the 12 largest electric utilities, corporate sustainability nonprofit Ceres found all of them have lobbied both for and against Paris Agreement-aligned climate policies.
By Diana DiGangi • Jan. 30, 2024 -
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Developers rebid offshore wind contracts in New York’s fourth solicitation as Equinor and BP split
Sunrise Wind developer Ørsted also plans to split from project partner Eversource and acquire its 50% stake in the project, if the state approves its proposal.
By Diana DiGangi • Jan. 29, 2024 -
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Deep DiveNew solutions emerge to better integrate renewables into the grid, Xcel, Eversource and others say
Requiring the 400+ GW of battery capacity in U.S. interconnection queues to have grid-forming capabilities could enable variable renewables growth “cheaper and faster than adding new transmission,” one expert said.
By Herman K. Trabish • Jan. 25, 2024 -
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BlackRock commits $500M to energy storage and solar project developer Recurrent Energy
The investment allows the asset manager to have a 20% stake in the company and marks the inaugural transaction by its fourth climate infrastructure fund.
By Zoya Mirza • Jan. 25, 2024 -
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New Jersey approves two offshore wind projects totaling 3.7 GW
“New Jersey now has more than 5.2 GW contracted, marking substantial progress toward its 11 GW by 2040 goal,” the Oceantic Network said in a statement.
By Diana DiGangi • Jan. 25, 2024 -
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US solar industry awaits federal moves on interest rates, tax credits as global M&A activity drops 15%
Global corporate solar funding rose to $34.3 billion last year with help from IRA incentives, while high interest rates slowed acquisition activity, said Mercom Capital Group CEO Raj Prabhu.
By Diana DiGangi • Jan. 24, 2024 -
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California draft offshore wind plan addresses infrastructure, floating platform challenges
The state estimates that its coast contains 35.8 GW to 59.6 GW of potential offshore wind capacity.
By Diana DiGangi • Jan. 23, 2024 -
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NERC issues 3-year plan for setting reliability standards for wind, solar, storage
The plan responds to a Federal Energy Regulatory Commission order driven by concerns about inverter-based resources tripping offline. The new reliability standards are scheduled to take effect by the end of the decade.
By Ethan Howland • Jan. 23, 2024 -
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$104M for clean energy projects in 31 federal buildings announced by DOE
The selected projects are expected to save over $29 million in energy and water costs, generating an additional 27 MW of clean energy capacity, the U.S. Department of Energy says.
By Nish Amarnath • Jan. 19, 2024 -
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Federal programs create little incentive for companies to make low-carbon hydrogen: IEEFA
Hydrogen producers could gain greater financial benefit from incentives for carbon capture than from the hydrogen production tax credit, which imposes caps on emissions, IEEFA analysts say.
By Emma Penrod • Jan. 19, 2024 -
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Deep DiveRenewable Energy Outlook: Addressing supply chain, project hurdles could see dividends in 2024
It may be a blessing in disguise for the offshore wind industry that so many developers had to delay or cancel projects last year, one attorney said.
By Diana DiGangi • Jan. 18, 2024 -
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BLM proposes to open 22 million acres in Western states to solar development
The agency says the proposal would direct development away from sensitive resources and toward transmission lines, but some environmental advocates say the plan would harm pristine habitat.
By Emma Penrod • Jan. 18, 2024
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