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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 »
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 »
(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 »
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 …
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 »
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 »
