Auto Added by WPeMatico
By Tope Alake US investments in renewable energy projects plunged this year as developers responded to White House policy shifts targeting the sector. Investments fell by $20.5 billion, or 36%, in the first half of the year from the prior six months, according to a Tuesday report from BloombergNEF. Wind and solar commitments fell 18% …
US Renewable Investments Fell 36% on Trump’s Policies, BNEF Says Read More »
By Dorothy Neufeld Key Takeaways In 2025, global renewable energy investment is projected to hit $780 billion, outpacing oil investment by $237 billion. Over the past decade, investment in renewables has surged 109%. Global energy investment has shifted dramatically in the last decade. As the world transitions to cleaner sources, capital is flowing into technologies …
Charted: The Shift in Global Energy Investment (2015-2025) Read More »
By Yawen Chen LONDON, Aug 26 (Reuters Breakingviews) – Add $12-billion Orsted (ORSTED.CO) to the list of companies swept up in U.S. President Donald Trump’s storm. A Washington agency late last week halted work on a nearly finished wind-power project. The big question for CEO Rasmus Errboe is what it all means for a separate …
COMMENTARY: Danish Wind Giant is Trapped in a Bad US Bet Read More »
By Georgia Hall Connecticut Governor Ned Lamont vowed to work with the Trump administration to restart construction on a major offshore wind development, saying there’s “a deal to be had” despite the Interior Department’s surprise move to halt the project. Lamont, a Democrat, said he’s already been discussing regional power supplies with the Interior and …
Connecticut Says Deal Possible After US Halts Wind Project Read More »
Summary Orsted shares drop 17% after US halts wind farm project Orsted’s project was 80% complete Orsted plans $9.4 billion rights issue despite setback Denmark’s strained US relations may hinder diplomatic efforts Governors criticize suspension, pledge to reverse order COPENHAGEN, Aug 25 (Reuters) – Shares in Orsted slid 17% on Monday after the U.S. halted the …
Orsted Shares Sink to Record Lows After US Halts Near-Complete Offshore Wind Farm Read More »
By David Shepardson and Nichola Groom WASHINGTON, Aug 21 (Reuters) – The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components. Earlier this week, the department said it was adding wind turbines to a list of products that will face 50% tariffs on …
US Opens National Security Probe Into Imported Wind Turbines, Components Read More »
By Leah Douglas and Nichola Groom WASHINGTON, Aug 18 (Reuters) – The U.S. Department of Agriculture will no longer support solar and wind projects on productive farmland, said Agriculture Secretary Brooke Rollins in a post on X on Monday. The move is the latest in a series of actions by the administration of President Donald …
USDA Ends Programs for Solar, Wind Projects on Farms Read More »
(Reuters) – The U.S. Treasury Department on Friday unveiled stricter rules for how solar and wind projects can qualify for federal tax subsidies that President Donald Trump’s new tax and spending law is phasing out over the next two years. The revisions change longstanding definitions for what it means for a project to be considered …
Trump Administration Unveils Stricter Subsidy Rules for Wind, Solar Projects Read More »
Aug 15 (Reuters) – The Data Center Coalition, which represents data center owners including Google, Amazon (AMZN.O) and Microsoft (MSFT.O), called on U.S. Treasury Secretary Scott Bessent to uphold existing rules for wind and solar energy subsidies, saying they have enabled the industry to grow quickly and stay ahead of competition from China. WHY IT’S …
Data Center Owners Urge US Treasury to Keep Renewable Energy Subsidy Rules Read More »
Denmark’s Orsted seeks $9.4 billion as US wind market falters Summary Shares drop almost 30% after rights issue announcement Says cash will provide financial robustness in 2025-2027 Discontinues US project sale Danish state to maintain majority stake in Orsted Morgan Stanley to underwrite any unsubscribed shares COPENHAGEN, Aug 11 (Reuters) – Denmark’s Orsted on Monday asked …
Denmark’s Orsted Seeks $9.4 billion as US wind Market Falters Read More »
