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(Reuters) – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. …
U.S. to Spend $7.3 Billion on Rural Clean Energy Projects Read More »
BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP …
BP Stock Falls Behind Shell as Investors Shy Away From Green Energy Read More »
(Reuters) – A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria. WHY IT’S IMPORTANT Approval of the “stalking horse” bid means California-based Complete Solaria will snap up SunPower’s major assets if no higher offers emerge in the coming weeks. …
U.S. Bankruptcy Court Approves Stalking Horse Bid for SunPower Assets Read More »
Donald Trump would rescind many of President Joe Biden’s clean energy rules while also speeding approvals of power plants to meet the nation’s rising electricity demands, the Republican’s presidential campaign said on Thursday. Should he win the Nov. 5 election, Trump would axe clean energy regulations of Biden and his opponent, Vice President Kamala Harris, …
Trump Would Axe Biden Clean Power Rules, Speed Power Plant Approvals, Campaign Says Read More »
(Reuters) – U.S. President Joe Biden’s administration said on Thursday it had finalized a plan to expand solar energy on federal lands in 11 western states, part of a broader push to speed the permitting and construction of big infrastructure projects. The White House wants to accelerate approval of projects ranging from power transmission to …
Biden Administration Finalizes Solar Lands Plan, Touts Permitting Progress Read More »
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 …
Global Solar Generation Overtakes Wind for Longest Ever Stretch Read More »
(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, …
U.S. Clean Energy Jobs Growth Rate Double That of Overall Jobs, Report Says Read More »
(Reuters) – Shares in Swiss solar panel maker Meyer Burger plunged more than 50% on Monday after the company halted plans for a plant in Colorado, further delayed its financial results and said it was drawing up a restructuring plan. Meyer Burger had earlier this month already postponed publication of its 2024 half-year results until Sept. …
(Reuters) – A California residential solar subsidy will cost ratepayers who do not have rooftop panels about $8.5 billion annually by the end of this year, contributing to higher electricity rates for consumers, according to an analysis published on Thursday by the top U.S. solar state’s ratepayer advocate. WHY IT MATTERS California’s Public Utilities Commission …
California Rooftop Solar Subsidy to Cost $8.5 Billion a Year, Says Ratepayer Advocate Read More »
By John Kemp (Reuters) – China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centres, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration. Unprecedented load was met by record output from hydro and solar, ensuring coal-fired generation fell slightly compared with the same …
China’s Record Hydro and Solar Cut Coal Power During Heatwave Read More »
