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‘Gas is well suited for’ data centers’ 24/7 power needs: CEO Strazik is ‘cautious’ on when onshore wind will improve The head of GE Vernova Inc., which makes equipment for wind farms and gas-fired power plants, said electricity demand to run data centers is favoring the fossil fuel over the renewable energy source — at least, …
GE Vernova Sees ‘Humble’ Wind Orders as Data Centers Favor Gas Read More »
Companies to invest up to $5.8 billion on entity through 2030 Offshore wind has struggled as costs soared in recent years BP Plc and Jera Co., Japan’s biggest electricity producer, will merge their offshore wind businesses as the British oil major seeks to cut its exposure to the troubled green power sector. The new company — JERA …
BP Cuts Offshore Wind Spending Plans in Tie-Up With Jera Read More »
COPENHAGEN, Dec 5 (Reuters) – Denmark’s latest offshore wind farm tender in the North Sea has failed to attract any bids, authorities said on Thursday, in a further setback for the industry. After a year of challenges, the global offshore wind industry no longer has much prospect of hitting the lofty targets set by governments …
Denmark Disappointed After Offshore Wind Tender Draws No Bids Read More »
(Reuters) – U.S. President Joe Biden’s administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, a senior administration official said. The administration hopes the spending milestone will help to continue the deployment of clean energy even after President-elect Donald Trump, a climate change skeptic who has …
Biden Pushes Out Over $100 Billion in Clean Energy Grants as Term Winds Down Read More »
Summary Companies Malaysia, Cambodia, Vietnam, Thailand imports at issue Most solar panels installed in the US are made overseas Nov 29 (Reuters) – U.S. trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with …
US Sets Tariffs for Solar Panels from Southeast Asian Nations Read More »
Summary India still 10% short of 2022 renewables target Rise in renewables bids leaves 30 GW without contracts India aims to raise clean power capacity to 500 GW by 2030 NEW DELHI, Nov 28 (Reuters) – Bribery allegations against Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in …
What the Adani Allegations Highlight About India’s Clean Energy Push Read More »
Summary Adani Green at centre of U.S. indictment of billionaire founder Adani aims to develop world’s biggest renewables park Partner TotalEnergies not to invest more in Adani for now Adani Green targets 50GW production by 2030 NEW DELHI, Nov 26 (Reuters) – Betting big on the clean energy goals of Indian Prime Minister Narendra Modi, …
Adani’s ‘Renewable Energy Marvel’ trapped in US Bribery Indictment Read More »
More From Irina Slav It has been a tough last week for climate finance negotiators, UN officials, Northvolt’s executives, one of India’s wealthiest men, the UK government, the EU, and me, because I can’t resist a temptation, especially when it’s staring me in the face and making EV sounds. So, buckle up because a lot’s …
COMMENTARY: Chaos at the Energy Transition Asylum – Irina Slav Read More »
Summary India’s Gautam Adani charged in US over alleged bribes SEC investigation dates back at least two years FBI seized Adani nephew’s electronics in 2023 (Reuters) – In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to …
How Indian Billionaire Gautam Adani’s Alleged Bribery Scheme Took Off and Unraveled Read More »
NEW DELHI, Nov 21 (Reuters) – Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as “baseless”, while Indian government officials haven’t …
‘The Corrupt Solar Project’: Key US Bribery Charges Against Adani and What’s Next Read More »
