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Commentary By Gavin Maguire (Reuters) – An enduring drought across much of the western United States has caused a drop in U.S. hydro power generation to a 23-year low so far in 2024, data from the U.S. Energy Information Administration (EIA) shows. The fall in hydro generation has been somewhat overshadowed by the climb in …
U.S. Dispatchable Clean Power Output Hit by Hydro Slump Read More »
Company to support projects in Brazil’s pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projects Local manufacturing boost Brazilian economy, strengthen energy supply chain HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to …
Health care, energy also among businesses with most at stake Retailers would face major impact from tariff increases The US election on November 5 will be a clash of visions that reverberates through the global economy for years to come. Kamala Harris and Donald Trump in some cases have skirted how they will handle pivotal …
Here Are 5 Industries With the Most at Stake in Presidential Election Read More »
Summary Trump pledges rollback of Biden’s climate law as a top priority Trump allies, fundraisers benefit from the IRA’s key tax credits At least 7 allies, or the companies they run, hold investments in projects eligible for IRA subsidies WASHINGTON, Oct 25 (Reuters) – Donald Trump has promised to gut U.S. President Joe Biden’s climate subsidies if elected. But …
Trump Hates Biden’s Climate Law But His Allies are Making Money From It Read More »
Preferred equity deal will support six US solar projects Blackstone closed a $7.1 billion clean energy fund last year Blackstone Inc. is investing $288 million in energy storage and solar company Pine Gate Renewables, as part of its push toward financing renewable energy. Blackstone Credit and Insurance, or BXCI, is providing the preferred equity, which will be …
Blackstone Invests $288 Million in Renewables Firm Pine Gate Read More »
Oct 23 (Reuters) – NextEra Energy’s third-quarter profit beat Wall Street estimates on Wednesday, helped by strength in its renewables unit. Growing demand from AI-backed data centers, along with homes and businesses using more electricity for heat and transportation, has brightened forecasts for utilities this year. The S&P index tracking utilities jumped 18.4% in the third …
NextEra Beats Third-Quarter Profit Estimates on Renewables Strength Read More »
While solar deployment is accelerating, bottlenecks in the wind industry are jeopardizing the chance to meet a global target to triple renewable capacity by 2030. The world’s green power goal has a wind problem. At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the …
A Wind Power Crisis Is Holding Back the World’s Green Energy Goal Read More »
By Andres Gonzalez and Ron Bousso CEO seeks to scale back focus on renewables, sources say BP seeks to reduce spending in offshore wind, sources say Company has projects in Britain, UK, Germany and Asia LONDON, Oct 17 (Reuters) – BP (BP.L) is considering selling a minority stake in its offshore wind business, according to …
Exclusive: BP Weighs Sale of Minority Stake in Offshore Wind Business, Sources Say Read More »
(Reuters) – India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday. “We need to think about how we should localize supply chain for transmission equipment,” Agarwal said, adding that 1,650 gigawatts (GW) of global renewable …
(Reuters) – Governments’ targets and plans to speed up the use of renewable energy are set to deliver only half of the growth needed to reach a U.N. climate goal to triple capacity by 2030, a report by the International Renewable Energy Agency (IRENA) showed. WHY IT’S IMPORTANT The renewable energy goal set at the COP28 …
Countries’ Renewable Energy Plans Fall Short of Target, Says IRENA Read More »
