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(Reuters) – The Biden administration on Monday issued an offshore wind lease to the state of Maine for a small project that will demonstrate floating turbine technology off the U.S. East Coast. WHY IT’S IMPORTANT U.S. President Joe Biden has championed offshore wind as a key pillar of his climate change agenda. His Interior Department …
U.S. Issues Floating Wind Research Lease to State of Maine Read More »
Summary Q2 EBITDA up 59%, beats expectations Books impairments of U.S. project delay Keeps full-year profit forecast, says will lower investments Shares down nearly 8% COPENHAGEN, Aug 15 (Reuters) – Renewable energy group Orsted booked 3.9 billion Danish crowns ($575 million) in impairment losses in the second quarter, due partly to a delay in construction …
Orsted Books New Impairment Losses, Flags Delay at U.S. Offshore Wind Project Read More »
After Vineyard Wind’s broken blade polluted Nantucket beaches, some locals feel the wealthy Massachusetts island has become a casualty in the war against climate change. By Cam Baker and Josh Saul August 13, 2024 at 3:00 AM MDT Save Weeks after a busted wind turbine washed onto Nantucket shores, residents of this wealthy Massachusetts enclave are still angry. Some …
Shattered Wind Blade Puts Nantucket on Frontlines of a Clean-Energy Fight Read More »
(Reuters) – European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of U.S projects in doubt because of fears over what a potential election victory for Donald Trump could mean for their sector. Trump has dismissed President Joe Biden’s policies to fight climate change as a “green new scam” …
Trump Effect in Clean Tech Sector Deepens Angst in Europe’s Boardrooms Read More »
By Reuters The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid. The administration of President Joe Biden sees offshore wind power as a vital part of a broader …
U.S. Seeks Bids for Offshore Wind Acreage Off Texas After Hecate Expresses Interest Read More »
Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace. Renewable energy sources have been grabbing a steadily growing share of the power mix for years, which has allowed power firms to cut coal-fired power and reduce …
Natural Gas Shows Its Staying Power as U.S. Wind Output Slumps: Maguire Read More »
(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 …
US Wind Power Falls to 33-Month Low, Generators Burn More Natgas Read More »
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 …
Chinese Wind Turbine-Makers Move into Europe as Trade Tensions Flare Read More »
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 …
NY Governor Announces Start of Construction on Sunrise Wind Project Read More »
(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 …
Renewables Growth Rate Insufficient to Reach 2030 Target, says IRENA Read More »
