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Global Solar Generation Overtakes Wind for Longest Ever Stretch

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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 …

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U.S. Clean Energy Jobs Growth Rate Double That of Overall Jobs, Report Says

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(Reuters) – Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first time the rate in the wider energy industry, the Energy Department said on Wednesday. Employment in clean energy businesses – including wind, solar, …

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The Wind Power Industry Isn’t Over Its Gloom Loop Yet

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Today, reporter Will Mathis examines the ongoing troubles facing the wind power industry.  Just when things were starting to look up for wind power, new troubles are pulling it back down. In recent years, soaring inflation, supply-chain chaos and rapidly rising interest rates shocked turbine manufacturers and their customers, upending a business model that depended on cheap …

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Denmark’s North Sea Energy Island Delayed Again by High Costs

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By Stine Jacobsen COPENHAGEN, Aug 21 (Reuters) – Denmark will delay by at least three more years construction of a planned North Sea energy island to supply renewable power to three million European households, a government minister said on Wednesday, citing rising costs and high interest rates. The projected investment exceeds 200 billion Danish crowns …

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U.S. Issues Floating Wind Research Lease to State of Maine

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(Reuters) – The Biden administration on Monday issued an offshore wind lease to the state of Maine for a small project that will demonstrate floating turbine technology off the U.S. East Coast. WHY IT’S IMPORTANT U.S. President Joe Biden has championed offshore wind as a key pillar of his climate change agenda. His Interior Department …

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Orsted Books New Impairment Losses, Flags Delay at U.S. Offshore Wind Project

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Summary Q2 EBITDA up 59%, beats expectations Books impairments of U.S. project delay Keeps full-year profit forecast, says will lower investments Shares down nearly 8% COPENHAGEN, Aug 15 (Reuters) – Renewable energy group Orsted  booked 3.9 billion Danish crowns ($575 million) in impairment losses in the second quarter, due partly to a delay in construction …

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Shattered Wind Blade Puts Nantucket on Frontlines of a Clean-Energy Fight

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After Vineyard Wind’s broken blade polluted Nantucket beaches, some locals feel the wealthy Massachusetts island has become a casualty in the war against climate change. By Cam Baker and Josh Saul August 13, 2024 at 3:00 AM MDT Save Weeks after a busted wind turbine washed onto Nantucket shores, residents of this wealthy Massachusetts enclave are still angry. Some …

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Trump Effect in Clean Tech Sector Deepens Angst in Europe’s Boardrooms

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

(Reuters) – European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of U.S projects in doubt because of fears over what a potential election victory for Donald Trump could mean for their sector. Trump has dismissed President Joe Biden’s policies to fight climate change as a “green new scam” …

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U.S. Seeks Bids for Offshore Wind Acreage Off Texas After Hecate Expresses Interest

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By Reuters The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid. The administration of President Joe Biden sees offshore wind power as a vital part of a broader …

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Natural Gas Shows Its Staying Power as U.S. Wind Output Slumps: Maguire

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Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace. Renewable energy sources have been grabbing a steadily growing share of the power mix for years, which has allowed power firms to cut coal-fired power and reduce …

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