The head of a small California solar-panel maker asking Washington to investigate whether Asian competitors are evading U.S. tariffs says industry claims that a mere probe could freeze investments is fearmongering. “If nothing has been done wrong, there’s nothing to be afraid of,” Auxin Solar Inc. Chief Executive Officer Mamun Rashid said in his first […]
Biggest US auction for renewable energy at $1.5B bid on offshore wind sites – EQ Mag Pro
Biggest US auction for renewable energy at $1.5 billion on offshore wind sites on February 23rd as companies are investing in sustainable energy. After the launch officials updated that the bids gradually rose on six available tracts involving nearly 500,000 acres off the coasts of New Jersey and New York. After 21 rounds of bidding […]
US launches biggest yet auction for offshore wind energy – EQ Mag Pro
Bidding began Wednesday in the biggest US offshore wind energy auction yet, involving nearly 500,000 acres off the coasts of New York and New Jersey. Through 13 rounds of bids by mid-afternoon, companies had offered $817 million for leases on on six tracts up for grabs, according to data from the Bureau of Ocean Energy […]
US funding $500 million for solar panel manufacturing in India – EQ Mag Pro
US funding $500 million for solar panel manufacturing in India The Quad leaders have renewed their commitment to promote a free, open, rules-based order in the Indo-Pacific region, the White House said on Thursday, while emphasising that the US is funding $500 million to help American companies manufacture solar panels in India. In November 2017, […]
Engine maker Cummins to buy Meritor for $2.6 billion in electric parts push – EQ Mag Pro
U.S. truck engine maker Cummins Inc (CMI.N) said on Tuesday it will buy auto parts maker Meritor Inc (MTOR.N) for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings amid a boom in demand for climate-friendly transport. The demand for electric vehicles has pushed automakers to unveil billion dollar plans […]
Texas Emerges as Solar’s Next Frontier as Power Demand Booms – EQ Mag Pro
An economic boom in Texas—fueled by people and corporate giants relocating to America’s oil and gas hub—is sparking a surge in solar projects in the state. A record amount of solar capacity is planned for the Lone Star State one year after a deadly winter storm crippled its electrical grid and threatened to undermine a […]
China Can Impose $645 Million Retaliatory Tariffs On US Imports Annually, Says WTO – EQ Mag Pro
WTO issued a decision in the US-China dispute over subsidy duties, stating that Beijing can impose duties on $645 million worth of US imports annually. The World Trade Organisation (WTO) on Wednesday issued a decision in the US-China dispute over subsidy duties, stating that Beijing can impose duties on $645 million worth of US imports […]
Mexican Green Energy Investment Drying Up, Trade Groups Warn – EQ Mag Pro
President Andres Manuel Lopez Obrador’s proposal to give control of Mexico’s electricity market to the state utility has scared away would-be green-energy investors at a rapid pace, the country’s wind and solar associations warn. In addition to the $20 billion already invested in the country’s wind and solar sector, a further $10 billion will be […]
Mexico Power Reform Bill in US Sights as Granholm Makes Case for Renewables – EQ Mag Pro
U.S. Energy Secretary Jennifer Granholm outlined an “enormous opportunity for renewable energy in North America,” Mexico’s Foreign Minister Marcelo Ebrard said on Twitter after the meeting. The Mexican president’s bid to tighten state control of power generation drew scrutiny on Jan. 20 during the visit of a top U.S. energy official, who faces pressure from […]
Honda And LG Energy Solution Plan US Battery JV – EQ Mag Pro
It would potentially support the launch of Ultium-based Prologue EVs. Honda and LG Chem’s LG Energy Solution (LGES) might build a joint venture lithium-ion battery cell gigafactory in the U.S. The unofficial report about the reportedly planned investment was shared by South Korea’s Maeil Business Newspaper on Friday. According to the article, the joint venture […]
