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June 29 (Reuters) – Duke Energy (DUK.N) will end its offshore wind lease in the Carolina Long Bay area as part of a settlement agreement with the U.S. Department of the Interior, the department said on Monday, in the latest move by U.S. President Donald Trump to shift investments away from the renewable power source. …
Duke Energy to Terminate North Carolina Offshore Wind Lease Read More »
Summary Solar companies rushed to secure tax credits before deadline, creating a years-long project pipeline Early data shows ending subsidies could raise renewable energy prices 40–120% Project developers say solar will be competitive without tax credits as electricity demand and prices surge (Reuters) – U.S. solar developers have secured federal subsidies for a wave of …
Trump Clean Energy Tax Credit Cutoff Drives Project Rush as Prices Set to Soar Read More »
By Colleen Howe BEIJING, June 25 (Reuters) – China is aiming for half of its electricity to come from non-fossil sources by 2030, up from a 42.3% target for 2025, according to a five-year plan for the energy sector released on Thursday. Here are other key points from the plan: China is aiming for wind …
China Targeting Half of Power From Non-Fossil Sources by 2030 Read More »
June 23 (Reuters) – California Attorney General Rob Bonta sent a notice of intent to sue the Trump administration over its deal earlier this year to cancel an offshore wind lease. The notice relates a $120 million reimbursement by the federal government to Golden State Wind LLC, a joint venture between Ocean Winds and London-based …
California Threatens to Sue Trump Administration Over Offshore Wind Cancellation Read More »
June 18 (Reuters) – The biggest ever U.S. clean energy infrastructure project, an $11 billion wind farm and transmission line in New Mexico, is fully operational after nearly two decades of permitting and construction, owner Pattern Energy Group said on Thursday. SunZia is a 3,650-megawatt wind farm and 550-mile (885-km) transmission line that will carry …
Biggest Ever US Clean Energy Project is Complete After Nearly Two Decades Read More »
Bloomberg The Trump administration is canceling four offshore wind leases held by power developer Invenergy LLC that total $765 million, the latest move by the White House to block new offshore wind development. Under a settlement with the Interior Department, Invenergy will redirect that investment to natural gas as well as geothermal projects in the western US, …
Trump Erases Another $765 Million in Offshore Wind Leases Read More »
Shell once had grand ambitions to be the world’s biggest electricity producer through renewable energy sources Bloomberg News The plan to sell the offshore farms marks a further departure from the British energy giant Shell’s past strategy to diversify into green electricity, as they pivot back to fossil fuels. Shell PLC is preparing to launch a …
Shell Plans US$1 Billion Wind Farms Sale in Latest Renewables Exit Read More »
( Reuters) – Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday. Around 92 GW of offshore wind was installed by the end of 2025, enough to power around 100 …
Global Offshore Wind Capacity Set to Grow to 420 GW by End of 2035, GWEC Report Says Read More »
June 2 (Reuters) – Seven U.S. states led by New York sued the Trump administration on Tuesday for cancelling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel projects. The lawsuit in the Washington, D.C., federal court challenges a …
US States Sue Trump Administration and TotalEnergies Over Offshore Wind Cancellation Read More »
(Reuters) – U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record high for the quarter, an industry report showed on Thursday. Energy storage capacity grew 32% in the quarter from a year ago despite federal actions the industry says are slowing clean energy development, …
US Energy Storage Additions Hit a First-Quarter Record, Report Shows Read More »
