Renewable Energy

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Dominion to Sell Wind Project Stake to Stonepeak for $3 Billion

Latest, Renewable Energy, US News, Wind / By

Dominion said it would sell stake as part of strategic review Offshore wind developers have faced setbacks due to inflation Photographer: Minh Connors/Bloomberg Gift this article In this Article DOMINION ENERGY 45.60USD –1.49% Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal  LEARN MORE By Josh Saul February 22, 2024 …

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Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years

CDN and International News, Latest, Renewable Energy, Wind / By

Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …

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Biden Administration to Approve E15 Gasoline Expansion Starting in 2025

Biomass, Energy Topics & Technology, Gasoline, Latest, Renewable Energy, US News / By

(Reuters) – The White House will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year, two sources familiar with discussions said. The decision will likely be bittersweet for the biofuel industry, which wants to expand …

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Splash of Support for Hydropower – ENERGYminute

Hydro, Latest, Renewable Energy, US News / By

Courtesy of Visit Post Falls The Department of Energy (DOE) has opened the floodgates, awarding a hefty sum of $71.5 million in incentive payments to bolster 46 hydropower facilities scattered across nineteen states. Background: The cash infusion is designed to rev up the efficiency and operations for these chosen US hydropower hubs. The funds will be directed towards …

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Orsted Revival Requires More Than Belt-Tightening

Latest, Renewable Energy, US News, Wind / By

(Reuters Breakingviews) – Orsted  has learned the hard way how strong economic tailwinds can go into reverse. Less than a year ago the world’s top offshore wind farm developer by power capacity was eyeing rapid growth in the United States, where President Joe Biden’s green subsidies were supercharging the industry. Then rapid interest rate hikes …

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WIND WARNING: Wind Power Giants See Little Shelter From Sector Troubles

Latest, Renewable Energy, US News, Wind / By

Summary Siemens Energy, Vestas, Orsted all report results Results reflect ongoing problems in maturing wind sector Orsted cuts jobs, Vestas scraps dividend FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. …

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With Solar Industry in Crisis, Europe in a Bind Over Chinese Imports

CDN and International News, Latest, Renewable Energy, Solar / By

Summary EU heavily reliant on Chinese solar panel imports Some European solar manufacturers on brink of collapse Governments, industry split over how to help Europe wants to grow local clean tech manufacturing (Reuters) – Europe’s green energy transition is stuck between a rock and a hard place. A flood of cheap Chinese solar panel imports …

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Biden Power Plant and EV Plans Hit a New Obstacle: Vulnerable Democrats

Electric Vehicles, Energy Topics & Technology, Latest, Renewable Energy, Solar, Wind / By

Moves could appeal to cost-sensitive voters in tight contests Pause on LNG export permits could stoke fresh outcry Vulnerable Democrats in swing states are increasingly sounding the alarm about Biden environmental policies that risk turning off cost-conscious moderate voters they need to win at the ballot box. The warnings pose an election year challenge for US President Joe …

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U.S. Clean Electricity Momentum Stalls Slightly in 2023

Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Clean electricity generation in the United States hit new highs in 2023 but expanded by its smallest margin in more than a decade, due to below-normal wind speeds and a drop in hydro power output due to drought, data from think tank Ember shows. U.S. clean generation grew by just 0.4% last year, …

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Big Turnout Expected in New York Offshore Wind Power Auction

Latest, Renewable Energy, Tri-Pinned, US News, Wind / By

(Reuters) – Several offshore wind developers will likely bid in New York’s fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP. The development of the U.S. offshore wind industry took a major blow last year when companies working in several states said they could no longer …

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