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TotalEnergies Sells Renewable Assets in Portugal, Buys Them in Dominican Republic

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(Reuters) – TotalEnergies has sold 50% of its portfolio of renewable assets in Portugal and bought a half of AES’s renewable energy portfolio in the Dominican Republic, it said on Wednesday. The Portuguese assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure and Mizuho Leasing for 178.5 million …

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Despite Last-Minute Changes, US Senate Bill Deals Big Blow to Renewable Energy

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Summary Senate bill complicates new wind, solar projects Bill could lead to higher utility bills, job losses House urged to improve usability of wind, solar tax credits (Reuters) – The U.S. Senate’s massive budget bill that passed on Tuesday will make it harder to develop wind and solar energy projects, despite the removal of some contentious provisions, industry …

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US Senate Bill’s Clean Energy Cuts Draw Backlash From Labor, Business and Elon Musk

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The U.S. Senate’s proposed cuts to clean energy subsidies and the introduction of a new tax on wind and solar energy in its version of President Donald Trump’s tax and spending bill have drawn searing criticism from business and labor groups since they were unveiled over the weekend, with some arguing the moves could lead …

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Why Green Investors Keep Getting Carried Away

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 (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 …

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Clean Energy Assets Face Coverage Risks, Zurich Insurance Says

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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 …

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Senate GOP Favors Round-The-Clock Power Over Solar and Wind

Conventional Energy, Geothermal, Latest, Nuclear, Renewable Energy, Solar, US News, Wind / By

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 …

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US Senate Floats Full Phase-Out of Solar, Wind Energy Tax Credits by 2028

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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 …

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NRG Expects to Line Up New US Data Center Deals This Quarter

Batteries, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, Natural Gas, Nuclear, Renewable Energy, Solar, US News, Wind / By

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 …

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NextEra CEO Says Renewables Needed as Bridge to Expanding Gas Power

Conventional Energy, Latest, Natural Gas, Renewable Energy, Solar, US News, Wind / By

(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 …

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