Solar

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
‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…

September 21, 2022
Renewables-Friendly Legislation Seen Advancing U.S. Solar Power Industry

Renewables-Friendly Legislation Seen Advancing U.S. Solar Power Industry

President Biden is expected to sign into law the Inflation Reduction Act of 2022 once it reaches his desk, legislation that Department of Energy (DOE) Secretary Jennifer Granholm said would be “monumental” for clean energy investments. Under the legislation, which cleared the Senate on Sunday and is expected to be approved by the House later…

August 8, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

June 30, 2022
U.S. Energy Grid Storage Hits Record, Hurdling Supply Chain Constraints

U.S. Energy Grid Storage Hits Record, Hurdling Supply Chain Constraints

Additions in U.S. grid-scale energy storage during the first three months of the year outpaced the same period last year four times over, with a record 2,399 MWh brought online despite supply chain-related delays.  A recent report by consultancy Wood Mackenzie and the American Clean Power Association (ACP) found that residential, nonresidential and grid-scale storage…

June 27, 2022
Led by Residential Sector, Global Solar Power Market Booming

Led by Residential Sector, Global Solar Power Market Booming

Global rooftop solar photovoltaic (PV) installations are expected to jump to almost 95 GW by 2025 from 59 GW in 2021, according to a recent analysis. In the last five years, Rystad Energy analysts reported rooftop installations have surged 64%, and currently represent 30% of total global solar capacity.  Much of the global growth results…

March 22, 2022
Williams Gathering Volumes Hit Record, as Natural Gas Demand Drives Northeast Expansions

Williams Gathering Volumes Hit Record, as Natural Gas Demand Drives Northeast Expansions

Williams continues to see strong demand for natural gas services on its midstream assets despite the higher price environment, with another record quarter of gathering and transmission volumes driving an increase in earnings guidance for 2021. CEO Alan Armstrong said he was surprised at how inelastic demand for natural gas was during the third quarter,…

November 2, 2021
Project Financing Biggest Challenge in Mexico Energy Market, Entrepreneur Says

Project Financing Biggest Challenge in Mexico Energy Market, Entrepreneur Says

“The biggest challenge for our customers is to get reliable, affordable and efficient financing for their projects,” Asger Victor Hansen, founder of Kauil Energy in Mexico City, told NGI’s Mexico GPI in the latest installment of its interview series.  Hansen, who is a native of Denmark, founded Kauil Energy, a startup solar energy company, in…

September 24, 2021
Solar Could Power 40% of U.S. Electricity Needs by 2035, DOE Study Finds

Solar Could Power 40% of U.S. Electricity Needs by 2035, DOE Study Finds

A report released last week by the U.S. Department of Energy (DOE) suggests that by 2035 solar energy has the potential to power 40% of the nation’s electricity, or the equivalent of all the nation’s homes. Getting to a 40% supply share, however, would involve a dramatic increase in the deployment of solar. In 2020,…

September 15, 2021
Shell to Power Natural Gas Field Offshore Malaysia With Solar and Wind

Shell to Power Natural Gas Field Offshore Malaysia With Solar and Wind

The Timi field, a natural gas discovery sanctioned offshore Malaysia, is set to feature the nation’s first wellhead platform powered by a solar and wind system, according to Royal Dutch Shell plc. Shell subsidiary Sarawak Shell Berhad (SSB) announced a final investment decision for the sweet gas field discovered in 2018.  As designed, Timi could…

August 30, 2021
‹ Previous 1 2 3 5