News

Shell sells Permian interests to ConocoPhillips for $9.5 billion

Texas Tribune: Energy giant Royal Dutch Shell sold its oil and gas business in the Permian Basin, the country’s largest oilfield, to ConocoPhillips for $9.5 billion cash on Monday. The deal is a major move for Shell, which produces more than 175,000 barrels of oil per day in the Permian Basin, as it faces pressure […]

September 21, 2021 Read More →

New York tabs two for lines connecting city with renewable power

Albany Times Union: State officials on Monday named two competing bidders as the winners in a long-awaited search for companies that can bring clean power to New York City – with both saying they will bury their transmission lines under the Hudson River. The state Energy Research and Development Authority awarded the bids to two […]

September 21, 2021 Read More →

DE Shaw boosts PNM bid for 950 megawatts of solar-plus-storage

Energy Storage News: Utility Public Service Company of New Mexico’s (PNM) plan to procure energy from 950MW of solar and storage facilities by 2022 and replace its retiring 562MW San Juan Generating Station coal plant has been handed a boost.   Arroyo Solar and Storage Project, a 300MWac solar PV plant with 150MWac / 600MWh of […]

September 21, 2021 Read More →

Manufacturers trade group asks government to curb LNG exports

S&P Capital IQ ($): A manufacturers trade group urged the U.S. Department of Energy to order U.S. LNG producers to curb exports of the fuel, warning of potential winter price spikes and supply shortages. “We urge you to take immediate action under the Natural Gas Act to prevent a supply crisis and price spikes for […]

September 21, 2021 Read More →

India added 521 megawatts of rooftop solar in quarter, a 517% jump

PV Tech: India added 521MW of rooftop solar in Q2 2021, an increase of 517% compared to the 85MW added in the same quarter last year despite a slight increase in costs, according to a Mercom India report. The analyst and consultancy firm is predicting the best year for India’s rooftop solar market since 2018. […]

September 21, 2021 Read More →

Final turbine installed at Australia largest wind and solar hybrid farm

Renew Economy: The final turbine has been installed at what will be Australia’s biggest wind and solar hybrid facility, with “energisation” expected soon as the connection approval is finalised and first production due in the next three months. The 317MW Port Augusta Renewable Energy Park (PAREP) combines 50 wind turbines and more than 250,000 solar […]

September 21, 2021 Read More →

Sweden’s Vattenfall moves net zero pledge forward to 2040

Reuters: Swedish energy company Vattenfall said on Monday it increased its emission reduction goals for 2030 and brought forward its net zero target by 10 years to 2040, by phasing out coal and increasing wind and solar capacity. “The climate crisis is for real and not only do we have a responsibility to step up […]

September 20, 2021 Read More →

Lightsource BP secures $1.8 billion in funding for 25GW by 2025 solar buildout

ReNews.biz: Global solar player Lightsource BP has secured a new $1800m credit and trade finance facility that it said will help fuel a new growth strategy of developing 25GW by 2025. The funding, provided by ten global financial institutions, underpins its execution strategy to accelerate the deployment of solar across the EMEA, Americas and Asia […]

September 20, 2021 Read More →

Vineyard Wind proposes two new offshore wind projects in Massachusetts

S&P Global Market Intelligence ($): Vineyard Wind said Sept. 16 that it submitted two proposals to build an offshore wind project off the coast of Massachusetts. The project, named Commonwealth Wind, is another joint venture between Avangrid Inc. subsidiary Avangrid Renewables LLC and Copenhagen Infrastructure Partners K/S of Denmark. Iberdrola SA is Avangrid’s parent company. […]

September 20, 2021 Read More →

Main Australian electric grid tops 60 percent renewable generation level

Renew Economy: Records continued to tumble on Australia’s main electricity grid on Monday, with the share of renewable energy smashing through 60 percent for the first time, just a day after it had set a new record of 59.8 percent. According to Dylan McConnell, from the Climate and Energy College in Melbourne, and using data […]

September 20, 2021 Read More →