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Summary Renewables should meet nearly half of world’s electricity demand Growth not enough to meet triple capacity target set at COP28 Increase driven as renewables often cheapest option But millions of kilometres of grid upgrades needed (Reuters) – Renewable energy sources are set to meet nearly half of all electricity demand by the end of …
Renewable Energy to Fall Short of UN Goal to Triple by 2030, IEA Says Read More »
The asset manager has raised US$10 billion for a fund dedicated to investing in the energy transition Bloomberg News The asset manager said earlier this year that it raised US$10 billion for a fund dedicated to investing in the energy transition as well as US$2.4 billion for a similar fund focused on emerging markets. It’s …
(Reuters) – Norway’s Equinor has bought a 9.8% stake valued at around $2.5 billion in renewable energy group Orsted it said on Monday, making it the second largest shareholder after the Danish government. Orsted’s share price rose on the news, trading 3.4% higher at 1103 GMT, while Equinor’s shares fell by 1.9%. An Orsted spokesperson declined …
Equinor Buys 9.8% Stake in Orsted Valued at $2.5 Billion Read More »
Summary Norway plans first floating wind tender in 2025 Floating wind is an immature technology requiring state support Subsidies to be capped at 35 billion Norwegian crowns (Reuters) – The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidies in the country’s first commercial floating wind power …
Norway Plans $3.3 Billion Floating Wind Subsidy Cap Read More »
Summary New PM Ishiba waters down tone against nuclear power in Japan Japan to continue with nuclear power plant restarts, new METI minister Muto says Japan to use renewable energy to its maximum, METI minister says (Reuters) – Japan plans to continue safely restarting nuclear power plants and will use as much renewable energy as …
Japan to Keep Nuclear, Boost Renewables in its Energy Mix, New Industry Minister Says Read More »
(Reuters) – U.S. trade officials this week may impose new tariffs on solar panels from four Southeast Asian nations that American manufacturers have complained employ unfair subsidies that make U.S. products uncompetitive. The announcement, due on Tuesday, is the first of two preliminary decisions the Commerce Department will make this year in a trade case brought …
U.S. To Unveil First of Two Decisions on More Solar Tariffs Read More »
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 …
COMMENTARY: The Cleanest and Dirtiest U.S. State Electricity Systems – Maguire Read More »
(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 …
US Shelves Oregon Offshore Wind Auction After Protest From Governor Read More »
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 …
COMMENTARY: The Cleanest and Dirtiest US State Electricity Systems – Maguire Read More »
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 …
Companies Ask World Leaders at UN to Follow Through on Renewables Targets Read More »
