Renewable Energy

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COMMENTARY: The Cleanest and Dirtiest U.S. State Electricity Systems – Maguire

By Gavin Maguire LITTLETON, Colorado, Sept 26 (Reuters) – There’s a wide range in the proportion of U.S. electricity generated by clean energy sources, with nearly 100% of Vermont’s electricity coming from low-emissions power while the territory of Puerto Rico has less than 3% clean electricity. The average clean electricity supply share for the United …

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US Shelves Oregon Offshore Wind Auction After Protest From Governor

(Reuters) – The Biden administration on Friday canceled a planned auction of offshore wind development rights off the coast of Oregon after the state’s governor said she did not support the sale. The announcement was a setback to U.S. President Joe Biden’s vision to deploy turbines along every U.S. coastline as part of his efforts to fight …

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COMMENTARY: The Cleanest and Dirtiest US State Electricity Systems – Maguire

By Gavin Maguire LITTLETON, Colorado, Sept 26 (Reuters) – There’s a wide range in the proportion of U.S. electricity generated by clean energy sources, with nearly 100% of Vermont’s electricity coming from low-emissions power while the territory of Puerto Rico has less than 3% clean electricity. The average clean electricity supply share for the United …

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Companies Ask World Leaders at UN to Follow Through on Renewables Targets

By Valerie Volcovici and Simon Jessop NEW YORK, Sept 23 (Reuters) – Executives from several major companies urged world leaders on Monday to follow through on an international agreement, made at the COP28 summit in Dubai last year, to triple renewable-energy capacity by 2030 to fight climate change. Companies including massive energy-user Amazon.com (AMZN.O) and …

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Abrupt Turn: BP Seeks to Focus on Core Business to Boost Investor Interest – Selling Its Onshore Wind Business

Energy major to sell its onshore wind business in the US Firm to divest part of gas-pipeline stake in $1 billion deal BP Plc on Monday announced plans to sell its onshore wind business in the US as the oil and gas giant scales back its exposure to renewables and focuses on its core business. Earlier in the …

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U.S. Solar Jobs Rise 6% in 2023, Study Says

(Reuters) – U.S. solar industry jobs rose 6% last year to nearly 280,000, their highest level ever, according to an annual study known as the National Solar Jobs Census published on Monday by the nonprofit Interstate Renewable Energy Council. WHY IT MATTERS Solar-generated electricity is one of the fastest-growing segments of the U.S. energy industry …

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Offshore Wind Proponents Back Harris as Political Risk Mounts

Fundraiser in Midtown Manhattan draws clean-energy advocates Trump has vowed to target offshore wind development if elected Offshore wind proponents gathered in Manhattan on Monday evening to throw support — and dollars — behind Democratic presidential nominee Kamala Harris, underscoring mounting concerns about the electoral risk hanging over the nascent US industry. About 70 to 80 …

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High Fossil Fuel Use Highlights U.S. Power Transition Challenge

(Reuters) – Fossil fuels continue to rule the roost in the United States’ power sector, despite clean energy sources being rolled out at the fastest pace in history. For the past decade, U.S. power generators have prioritized clean power sources over fossil fuels, and since 2014 they have lifted clean electricity generation capacity by over …

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U.S. to Spend $7.3 Billion on Rural Clean Energy Projects

(Reuters) – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. …

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BP Stock Falls Behind Shell as Investors Shy Away From Green Energy

BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP …

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