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(Reuters) – The latest version of the Senate’s massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for …
Senate Bill Hastens End of Wind, Solar Tax Credits and Imposes New Tax Read More »
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Edward Chancellor LONDON, June 26 (Reuters Breakingviews) – To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble …
Takeaways by Bloomberg AI Assets designed to fight climate change, such as renewable energy generation capacity, may lose access to insurance unless they’re adequately shielded from extreme weather events. Without steps to boost resilience, Europe’s clean-energy assets may face up to €270 billion in losses by 2050 and be relatively more exposed to extreme weather …
Clean Energy Assets Face Coverage Risks, Zurich Insurance Says Read More »
The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources. By Mark Chediak A cooling tower at a nuclear power plant in Middletown, Pennsylvania, in 2024. Photographer: Heather Khalifa/Bloomberg Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to …
Senate GOP Favors Round-The-Clock Power Over Solar and Wind Read More »
(Reuters) – U.S. solar stocks dropped in premarket trading on Tuesday after a Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028, as part of changes suggested to President Donald Trump’s sweeping tax-cut and spending bill. Solar inverter maker Enphase Energy was among the biggest decliners on the S&P …
Solar Stocks Drop after Senate Proposal to Phase Out Tax Credits by 2028 Read More »
WASHINGTON, June 16 (Reuters) – The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028, but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to a draft bill circulated on Monday. The draft released by …
US Senate Floats Full Phase-Out of Solar, Wind Energy Tax Credits by 2028 Read More »
Bloomberg NRG Energy Inc. is working on deals to power US data centers “all over the country” and will reveal details with second-quarter results, according to the top executive of the independent generator. These are huge, complicated deals and it’s sensitive to figure out when to announce them, Chief Executive Officer Larry Coben said on Bloomberg TV. Data …
NRG Expects to Line Up New US Data Center Deals This Quarter Read More »
By Jonathan Randles Sunnova Energy International Inc. won court approval to start drawing on a new $90 million bankruptcy loan, funding that will help keep the rooftop solar company afloat while it sells its business in Chapter 11. During a Thursday court hearing, Judge Alfredo Perez authorized Sunnova to make an initial $15 million draw …
Sunnova Secures $90 Million Lifeline to Support Bankruptcy Sale Read More »
(Reuters) – Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, NextEra <NEE.N> CEO John Ketchum said on Tuesday. Competition and high costs to obtain gas turbines, a construction labor shortage, and the costs associated with …
NextEra CEO Says Renewables Needed as Bridge to Expanding Gas Power Read More »
The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables. By Janet Lorin A crypto data center in Pyote, Texas, on land leased from the University of Texas System. Photographer: Jordan Vonderhaar for Bloomberg Markets Scores of wind turbines, each as tall as a 50-story …
Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power Read More »
