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(Reuters) – The inspector general of the U.S. Department of Energy urged the agency’s loan office to immediately halt issuing billions of dollars in loans to green projects, saying contractors who vet them may be serving both the agency and potential borrowers. The watchdog in an interim report, opens new tab issued late on Tuesday urged the …
US Watchdog Recommends Energy Department Halt Loans to Green Projects Read More »
(Reuters Breakingviews) – On the face of it, 2025 is shaping up to be a stinker for renewable energy. The planet seems ever further from restricting global warming to a manageable 1.5 degrees Celsius level, and the election of Donald Trump as U.S. president means that the world’s biggest economy will visibly retreat from the …
2025 May Be Painful for Renewable Energy But Some Opportunities Exist Read More »
It looks easy enough: Ask ChatGPT something, and it responds. But pull back the curtain, and you’ll find that every ChatGPT prompt and Microsoft Copilot task consumes vast resources. Millions of human beings engineering, correcting and training models. Enough terawatt-hours of electricity to power countries. Data center megacampuses around the world. Power line networks and …
GE Vernova Expects More Trouble for Struggling Offshore Wind Industry Read More »
Summary Acadia Infrastructure Capital launches new coalition Microsoft helps back first green energy project Looks to tap more companies; bolster local communities (Reuters) – U.S. investor Acadia Infrastructure Capital and companies including Microsoft are looking to help develop a $9 billion pipeline of renewable energy projects across the country, the project lead told Reuters. Launching the …
Acadia, Companies Eye $9 Billion U.S. Renewables Roll-Out Read More »
‘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 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 »
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 »
