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Renew Economy: Danish wind turbine manufacturer LM Wind – a subsidiary of GE – has announced that it will produce zero waste wind turbine blades by 2030, giving up on any landfilling and incineration as future waste management solutions. LM Wind boasts that almost every fifth wind turbine in the world is fitted with its […]
Tim Buckley
A glaring inconsistency in the US$10 trillion giant’s commitment to climate action
One of the successes of the COP26 summit was the growth in the UN-convened Glasgow Financial Alliance for Net Zero to a US$130 trillion of collective assets, almost double the total of just six months ago. Enforcement of the substance of this pledge comes next. And within that, BlackRock has moved massively on the issue of climate […]
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Reuters: General Electric Co’s (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare […]
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Power Engineering International: GE Renewable Energy, Fraunhofer IGCV and voxeljet have announced a research partnership to develop what is claimed to be the world’s largest 3D printer for offshore wind applications. The Advance Casting Cell (ACC) 3D printer is currently under development and aims to streamline the production of key components of GE’s Haliade-X offshore […]
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Reuters: Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts as soon as this week, the project’s developer said on Wednesday. The senior debt financing allows the project, a joint venture between Avangrid Inc. and Copenhagen Infrastructure […]
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Wall Street Journal ($): The world’s appetite for green energy is greater than ever, but that isn’t translating into big profits for some of the companies behind the boom. Top wind-turbine makers are struggling with lower earnings as rising raw- material costs, problems shipping the hulking machines, and uncertainty over the future of U.S. subsidies […]
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Reuters: A Chinese-backed deal to help Bosnian utility EPBiH expand its Tuzla coal-fired power plant has run into problems following General Electric’s (GE.N) withdrawal from the project, a senior Bosnian official told Reuters on Thursday. Nermin Dzindic, industry and energy minister in the government of Bosnia’s autonomous Bosniak-Croat Federation, made the comments following the publication […]
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Bloomberg ($): General Electric Co. vowed to curb the greenhouse gases produced by the use of its products—including thousands of fossil-fueled turbines and jet engines in operation around the world—in a bid to achieve net-zero emissions by 2050. The new goal, announced in GE’s annual sustainability report on Monday, signals that the industrial giant plans […]
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Bloomberg Quint: China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of their projects. Industrial and Commercial Bank of China Ltd. told Go Clean ICBC, an ad-hoc body representing 32 […]
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Wind Power Monthly: Nordex has secured a 199.5MW order for four wind farms in the west of Finland, taking its annual total for the market beyond 500MW already. It will supply N163/5.X turbines to four projects in the interior of the mid-west of Finland, as well as in the west of the country, near to […]
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
Coal, gas set to become biggest losers as renewable generation climbs quicklyMarch 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]