Americas

According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in the week ended January 13. Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take […]

Americas

California Sets $200M Budget for ‘Complex, Multi-Property Microgrid’ Projects

January 18, 2021 Anand Gupta

Utility funding for community resilience against fire-prevention outages doesn’t go far enough, microgrid groups argue. California regulators have approved a microgrid plan directing $200 million to help communities build networks that can supply power through the state’s extended wildfire-prevention blackouts, a task expected to take years to move from planning to completing its first projects. […]

Americas

Investors storm into alternative energy funds ahead of Biden presidency

January 16, 2021 Anand Gupta

Americas

GE alleges Siemens Energy used stolen trade secrets to rig contract bids

January 15, 2021 Anand Gupta

Dominion is a Virginia power utility that provides electricity to about 4 million customers on the east coast NEW YORK: General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains totaling more than […]

Americas

Equinor, BP win New York contracts for offshore wind power

January 14, 2021 Anand Gupta

OSLO: Norwegian energy major Equinor has won a contract to supply offshore wind to the U.S. state of New York from the planned Empire Wind 2 and Beacon Wind 1 projects, the company said in a statement on Wednesday.Operator Equinor announced in October it was bidding for the two projects, which together have the potential […]

Americas

Britain sees greenest year for electricity in 2020 – National Grid

January 13, 2021 Anand Gupta

The country was powered coal-free for over 5,147 hours in 2020, compared with 3,666 hours in 2019, National Grid ESO said LONDON: Britain’s electricity system saw the greenest year on record in 2020, National Grid said on Monday, with record renewable power and its longest spell without coal since the industrial revolution. Britain has a […]

Americas

UN chief calls for ‘urgent transition’ from fossil fuels to renewable energy

January 12, 2021 Anand Gupta

New York: Building a global coalition for carbon neutrality by mid-century will be the UN’s “central objective”, the world body’s top official told a conference on climate action on Monday. “All countries need credible mid-term goals and plans that are aligned with this objective”, Secretary-General António Guterres said, addressing the virtual COP26 Roundtable on Clean […]

Total to keep up renewables energy investments in 2021 – CEO

Americas

Total adds to renewable gas push with Fonroche acquisition

January 12, 2021 Anand Gupta

It gave no financial details for the Fonroche purchase. Total aims to produce 1.5 terawatt-hours of biomethane a year by 2025, the group said in a statement PARIS: French oil group Total said on Monday it had acquired Fonroche Biogaz, a leading producer of renewable gas in France with nearly 500 gigawatt-hours of installed capacity. […]

Americas

MIT Study: Transmission Is Key to a Low-Cost, Decarbonized US Grid

January 9, 2021 Anand Gupta

Modeling shows a nationwide transmission network could tap existing solar, wind and battery tech to reach zero-carbon power. Study after study over the past decade has concluded that expanding the U.S. transmission grid will play a key role in decarbonizing the country’s electricity system. But a new Massachusetts Institute of Technology study indicates that a […]

Americas

Canada complains about “unwarranted” U.S. tariffs on solar products

January 8, 2021 Anand Gupta

OTTAWA: Canada is unhappy with “unwarranted” U.S. tariffs on Canadian solar products and has requested consultations under the terms of the U.S.-Mexico-Canada trade deal, Ottawa said on Thursday. In a statement, Trade Minister Mary Ng said that since the tariffs were imposed in 2018, exports of solar products to the United States had fallen by […]