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US Wind Power Falls to 33-Month Low, Generators Burn More Natgas

(Reuters) The amount of electricity produced by wind farms in the U.S. fell to a 33-month low on Monday, forcing power generators to crank up natural-gas fired plants to keep air conditioners humming during a hot summer day. Over the past few years, much of the money energy firms have invested in new generation has …

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Chinese Wind Turbine-Makers Move into Europe as Trade Tensions Flare

Summary Europe has painful memories of Chinese solar panels German government said it was monitoring Mingyang deal RWE visited Mingyang production in China China exploring production in Europe (Reuters) – Chinese wind turbine-makers this month clinched their first order in Germany, as they build momentum in the European market and add to concern in the …

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NY Governor Announces Start of Construction on Sunrise Wind Project

July 17 (Reuters) – New York Governor Kathy Hochul announced the start of construction on Sunrise Wind, a 924-megawatt offshore wind project developed by Oersted (ORSTED.CO), the New York State Energy Research and Development Authority (NYSERDA) said on Wednesday. The project will provide enough clean energy to power about 600,000 New York homes once completed …

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Renewables Growth Rate Insufficient to Reach 2030 Target, says IRENA

(Reuters) – The world risks missing a goal to triple renewable energy capacity by 2030 as the current growth rate is inadequate, a report by the International Renewable Energy Agency (IRENA) showed on Thursday. CONTEXT A U.N. climate change conference in Dubai last year set a goal of tripling renewable energy capacity worldwide by 2030 …

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U.S. Renewables Electricity Output Overtaking Nuclear

(Reuters) – Combined electricity generation from solar and wind farms in the United States surpassed output from nuclear plants for the first time during the opening half of 2024, cementing renewable energy assets as the primary source of clean power in the country. Electricity generation from utility-scale solar and wind assets during the first half …

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British Renewable Industry Pushes New Govt to Increase Auction Budget

  (Reuters) – Britain’s renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonise the power grid. Labour swept to victory in Britain’s election last week and the party has pledged to …

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Years-long wait for permits blocking European wind farms, industry says

Wind turbines are seen in a windfarm near Radenac in Brittany, France, October 3, 2017. REUTERS/Stephane Mahe/File Photo By Kate Abnett BRUSSELS, July 5 (Reuters) – Hundreds of gigawatts of wind energy projects are waiting for permits to connect to Europe’s power grid, a backlog that threatens to slow the shift to green energy, industry association …

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U.S. Unveils Rules for Subsidies to Boost Clean Energy Wages

(Reuters) – President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The guidelines for companies seeking to claim tax credits tied to job quality are aimed at delivering on Biden’s vision that …

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Japan Could be Energy-Independent by 2060 Thanks to Renewables, Rystad Energy CEO Says

(Reuters) – Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy. Japan imports most of its energy resources, with the Middle East, Australia and the United States …

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U.S. Election May Leave Parts of Inflation Reduction Act Vulnerable, KKR Says

The US election in November may leave certain Inflation Reduction Act programs and regulations vulnerable to repeal, according to KKR & Co.’s global head of infrastructure, Raj Agrawal. “Many of our clients are asking whether we think there is an electoral outcome that will result in the repeal of the Inflation Reduction Act, which is providing …

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