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(Reuters) – Shell’s U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies is running the sale of up to 10.6 gigawatts (GW) of solar generation …
(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 …
Record Year for Wind Farms Raises Hope for EU Green Energy Goals Read More »
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.
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 …
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 …
Dominion to Sell Wind Project Stake to Stonepeak for $3 Billion Read More »
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 …
Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years Read More »
(Reuters) – The White House will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year, two sources familiar with discussions said. The decision will likely be bittersweet for the biofuel industry, which wants to expand …
Biden Administration to Approve E15 Gasoline Expansion Starting in 2025 Read More »
Courtesy of Visit Post Falls The Department of Energy (DOE) has opened the floodgates, awarding a hefty sum of $71.5 million in incentive payments to bolster 46 hydropower facilities scattered across nineteen states. Background: The cash infusion is designed to rev up the efficiency and operations for these chosen US hydropower hubs. The funds will be directed towards …
(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 …
Orsted Revival Requires More Than Belt-Tightening Read More »
Summary Siemens Energy, Vestas, Orsted all report results Results reflect ongoing problems in maturing wind sector Orsted cuts jobs, Vestas scraps dividend FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. …
WIND WARNING: Wind Power Giants See Little Shelter From Sector Troubles Read More »
