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U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag

Energy Topics & Technology, Hydrogen, Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …

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Biden Administration Approves the Nation’s Seventh Large Offshore Wind Project

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BY THE ASSOCIATED PRESS The Biden administration greenlit the seventh large offshore wind project in the United States Tuesday. Danish wind energy developer Ørsted and the utility Eversource plan to build a 924-megawatt project, Sunrise Wind, 30 miles (48 kilometers) east of Montauk, New York. They say the wind farm will power about 600,000 New York …

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Right-Wing Groups Sue U.S. Over Offshore Wind Impact on Whales

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March 18 (Reuters) – Three right-wing groups sued the Biden administration on Monday over its approval of a wind project off the coast of Virginia, alleging it failed to consider the facility’s impacts on endangered whales. The federal lawsuit filed by the Heartland Institute, Committee for a Constructive Tomorrow (CFACT) and National Legal and Policy …

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Big Oil Executives Push Back Against Calls for Fast Energy Transition

Conventional Energy, Latest, Natural Gas, Oil, Pinned Primary, Renewable Energy, Solar, US News, Wind / By

Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have been forced to …

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Record Year for Wind Farms Raises Hope for EU Green Energy Goals

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

(Reuters) – A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual report, WindEurope described 2023 as a year of “significant improvements” in key areas of Europe’s wind …

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A MUST WATCH: How Much Energy Will the World Need? – Let’s Compare Political “Dream” to Energy “Reality” – Mark Mills

Conventional Energy, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.    

Top Global Energy Traders Face Multi-Billion Cash Investment Quandary as Poor Returns in Solar, Wind and Hydrogen Irk Investors

Conventional Energy, Energy Topics & Technology, Hydrogen, Latest, LNG, Natural Gas, Oil, Pinned Primary, Renewable Energy, Solar, US News, Wind / By

 As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash. Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends. But according to more …

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Dominion to Sell Wind Project Stake to Stonepeak for $3 Billion

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Dominion said it would sell stake as part of strategic review Offshore wind developers have faced setbacks due to inflation Photographer: Minh Connors/Bloomberg Gift this article In this Article DOMINION ENERGY 45.60USD –1.49% Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal  LEARN MORE By Josh Saul February 22, 2024 …

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Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years

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

Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …

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Orsted Revival Requires More Than Belt-Tightening

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(Reuters Breakingviews) – Orsted  has learned the hard way how strong economic tailwinds can go into reverse. Less than a year ago the world’s top offshore wind farm developer by power capacity was eyeing rapid growth in the United States, where President Joe Biden’s green subsidies were supercharging the industry. Then rapid interest rate hikes …

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