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GE Vernova Expects More Trouble for Struggling Offshore Wind Industry

Latest, Renewable Energy, US News, Wind / By

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 …

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Acadia, Companies Eye $9 Billion U.S. Renewables Roll-Out

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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 …

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GE Vernova Sees ‘Humble’ Wind Orders as Data Centers Favor Gas

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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, …

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BP Cuts Offshore Wind Spending Plans in Tie-Up With Jera

CDN and International News, Latest, Renewable Energy, Wind / By

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 …

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Denmark Disappointed After Offshore Wind Tender Draws No Bids

CDN and International News, Latest, Renewable Energy, Wind / By

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 …

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Biden Pushes Out Over $100 Billion in Clean Energy Grants as Term Winds Down

Latest, Renewable Energy, Solar, US News, Wind / By

(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 …

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What the Adani Allegations Highlight About India’s Clean Energy Push

CDN and International News, Latest, Renewable Energy, Solar, Wind / By

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 …

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COMMENTARY: Chaos at the Energy Transition Asylum – Irina Slav

CDN and International News, Energy Commentary, Energy Topics & Technology, Latest, Renewable Energy, Solar, Wind / By

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 …

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Global Offshore Wind Industry Poised to Miss Big Targets as Obstacles Mount

Latest, Renewable Energy, US News, Wind / By

Summary Soaring costs, project delays and limited investment put targets out of reach Offshore wind seen as crucial to decarbonizing power industry Industry urges more government support Nov 18 (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit …

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