Renewables

India Plans to Triple Clean Power Generation as High Prices Put Natural Gas Out of Reach

India Plans to Triple Clean Power Generation as High Prices Put Natural Gas Out of Reach

India, one of the world’s largest LNG importers, has unveiled a $30 billion plan to triple its clean power generation capacity by 2030 that would rely heavily on solar and wind to help reach a net-zero emissions target by 2070.   For now, the country continues to eschew gas in favor of coal and renewables. Record…

January 3, 2023
Coal Gives Way to Renewables, While Natural Gas Demand Stays Strong in IEA Outlook

Coal Gives Way to Renewables, While Natural Gas Demand Stays Strong in IEA Outlook

Renewable sources of energy are collectively on track to eclipse coal as the world’s leading source of electricity, with capacity growth forecast to nearly double in the next five years, the International Energy Agency (IEA) said in a new report. IEA’s Renewables 2022 report forecasts that abundant energy drivers such as wind and solar will…

December 27, 2022
Energy Transition Impossible Without Oil, Natural Gas, Execs Say

Energy Transition Impossible Without Oil, Natural Gas, Execs Say

The global push to reach net-zero emissions and meet the world’s future energy needs will cost trillions of dollars and require far more than renewable technologies, according to energy executives. “We’re still at that very early phase where we make these grand pronouncements and we’ve tried to jumpstart the machine without fully understanding, communally, the…

November 10, 2022
Focus Said Shifting to Energy Affordability Amid Soaring Prices, Double Standards

Focus Said Shifting to Energy Affordability Amid Soaring Prices, Double Standards

Since Russia’s unprovoked invasion of Ukraine, countries around the world are shifting their priorities toward energy affordability, according to a group of experts who spoke in New York City on Wednesday. The last 10 months have brought the issues of energy security, climate change and affordability “into contention,” according to Fahad Alajlan, president of Saudi…

October 12, 2022
Massachusetts Utilities Sign Hydropower PPA in Effort to Hit Climate Targets

Massachusetts Utilities Sign Hydropower PPA in Effort to Hit Climate Targets

Thirteen Massachusetts-based municipal public power entities have agreed to purchase more than 110 GWh/year of electricity from two hydroelectric power plants in Connecticut owned by FirstLight Power Resources Inc. The offtaker under the power purchase agreement (PPA) is Energy New England (ENE), a wholesale risk management and energy trading organization serving municipal utilities in New…

October 10, 2022
TC Energy’s Planned 81 MW Solar Plant to Help Power Natural Gas System

TC Energy’s Planned 81 MW Solar Plant to Help Power Natural Gas System

TC Energy Corp. is set to bring utility-scale solar power to its product line with the first C$146 million ($109 million) project at its Calgary home base. The initial generating site would have an 81 MW capacity and include a jumbo battery. It would supply a suburban community, as well as TC’s pipeline network. The…

October 10, 2022
RWE Doubles U.S. Renewables Footprint in $6.8B Blockbuster Deal with Con Edison

RWE Doubles U.S. Renewables Footprint in $6.8B Blockbuster Deal with Con Edison

New York’s largest utility, Consolidated Edison Inc., plans to sell its clean energy businesses to the U.S. arm of German conglomerate RWE AG for $6.8 billion.  ConEd, as it is better known, agreed to sell ConEd Clean Energy Business Inc. (CEB), and three related business units to RWE Renewables Americas LLC. The transaction is expected…

October 3, 2022
Cemvita, Partners Digging for Gold, Tapping Depleted Oil, Gas Wells for ‘Lowest Possible Cost’ Hydrogen Production

Cemvita, Partners Digging for Gold, Tapping Depleted Oil, Gas Wells for ‘Lowest Possible Cost’ Hydrogen Production

Following positive results from a pilot program based in the Permian Basin to produce gold hydrogen using would-be abandoned oil and gas reservoirs, Cemvita Factory Inc. said it has formed and closed funding for a new subsidiary in preparation to commercialize with its founding investors. “In a very short time frame, we moved our microbes…

October 3, 2022
Enbridge Buying Tri Global Energy to Enhance U.S. Wind, Solar Portfolio

Enbridge Buying Tri Global Energy to Enhance U.S. Wind, Solar Portfolio

Enbridge Inc. agreed Thursday to pay $270 million to buy Tri Global Energy LLC (TGE), a top U.S. wind and solar company with a portfolio that includes 45 generating sites in seven states. The takeover, which includes debt, adds a built-in bonus of up to $50 million if all of TGE’s projects now on the…

October 3, 2022
Jim Beam Distiller Taps RNG Project to Cut Emissions in Kentucky Expansion

Jim Beam Distiller Taps RNG Project to Cut Emissions in Kentucky Expansion

Every bottle of Jim Beam Kentucky Straight Bourbon could be a little greener in the near future thanks to Beam Suntory Inc.’s inclusion of a renewable natural gas (RNG) project as a part of an expansion at its iconic Kentucky distillery. The Chicago-based producer of spirit brands like Jim Beam and Maker’s Mark has announced…

September 30, 2022
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