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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 …
(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 …
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 …
Offshore Wind Proponents Back Harris as Political Risk Mounts Read More »
(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 …
High Fossil Fuel Use Highlights U.S. Power Transition Challenge Read More »
(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. …
U.S. to Spend $7.3 Billion on Rural Clean Energy Projects Read More »
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 …
BP Stock Falls Behind Shell as Investors Shy Away From Green Energy Read More »
(Reuters) – A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria. WHY IT’S IMPORTANT Approval of the “stalking horse” bid means California-based Complete Solaria will snap up SunPower’s major assets if no higher offers emerge in the coming weeks. …
U.S. Bankruptcy Court Approves Stalking Horse Bid for SunPower Assets Read More »
Donald Trump would rescind many of President Joe Biden’s clean energy rules while also speeding approvals of power plants to meet the nation’s rising electricity demands, the Republican’s presidential campaign said on Thursday. Should he win the Nov. 5 election, Trump would axe clean energy regulations of Biden and his opponent, Vice President Kamala Harris, …
Trump Would Axe Biden Clean Power Rules, Speed Power Plant Approvals, Campaign Says Read More »
(Reuters) – U.S. President Joe Biden’s administration said on Thursday it had finalized a plan to expand solar energy on federal lands in 11 western states, part of a broader push to speed the permitting and construction of big infrastructure projects. The White House wants to accelerate approval of projects ranging from power transmission to …
Biden Administration Finalizes Solar Lands Plan, Touts Permitting Progress Read More »
By Gavin Maguire LITTLETON, Colorado, Aug 29 (Reuters) – Global electricity generation from solar farms has exceeded generation from wind farms since May, marking the longest ever stretch when solar power has been the top source of utility-scale renewable electricity worldwide. Solar electricity generation exceeded wind generation in May by 1.65 terawatt hours (TWh), and …
Global Solar Generation Overtakes Wind for Longest Ever Stretch Read More »
