News

Ford Foundation to divest from coal, oil and natural gas

Associated Press: The Ford Foundation, one of the largest private foundations in the United States, announced Monday that it will divest millions from fossil fuels, following similar investment decisions made by other sizable foundations in recent years. For years, climate activists have put pressure on endowed institutions, like Ford, to end their investments in companies […]

October 19, 2021 Read More →

Evergy plans to add 1,000 megawatts of wind power by end of 2026

Kansas City Business Journal: Evergy Inc.’s efforts to shift away from coal-fired power plants in favor of renewable energy sources got a boost on Monday. The Kansas City-based utility released a request for proposals to purchase up to 1,000 megawatts of wind energy [PDF] that could be in service by the end of 2026 or […]

October 19, 2021 Read More →

Banks using loopholes to dodge pledges to stop funding Arctic drilling

Wall Street Journal ($): Some of the world’s largest banks, including Goldman Sachs Group Inc., HSBC Holdings and BNP Paribas SA pledged in recent years to stop direct financing of Arctic oil exploration. The idea was to choke off money for fossil-fuel extraction in a pristine natural environment. A battle has broken out among investors, […]

October 19, 2021 Read More →

Vestas 15-megawatt turbines to power New York Empire Wind project

offshoreWind.biz: Empire Offshore Wind, a joint venture between Equinor and bp, has named Vestas as the preferred turbine supplier for the 2.1 GW Empire Wind 1 and Empire Wind 2 offshore wind projects in New York, USA. Vestas will provide 138 V236-15.0 MW turbines for Empire Wind 1 and 2, located 15-30 miles off the […]

October 19, 2021 Read More →

Iberdrola to spend $8.2 billion on East Anglia offshore wind project

Reuters: Global wind power leader Iberdrola (IBE.MC) will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, […]

October 19, 2021 Read More →

EDP plans to invest $13 billion in UK wind and solar projects by 2030

Reuters: Power distribution company WEL Networks and renewables developer Infratec are in the final stages of assessment for what will be New Zealand’s first utility-scale battery energy storage Power company Energias de Portugal (EDP.LS) (EDP) plans to invest 12.86 billion pounds ($17.65 billion) in wind and solar projects in Britain by 2030 as the country […]

October 19, 2021 Read More →

Solar investments produce 2.7 times more jobs than fossil fuel work

Huffington Post: As Congress debates whether to pare down the Biden administration’s signature climate proposals or allow the fossil fuel industry to benefit more from new government programs, new research suggests doing so would create far fewer jobs. For every million dollars the United States government invests, solar produces over 2.7 times more jobs than […]

October 18, 2021 Read More →

Puerto Rico grid woes lead to grassroots push for more renewables

The Guardian: Rosalina Marrero spends the best part of each day ironing and watching telenovelas at her modest bungalow in Puerto Rico’s coastal Guayama province. When it gets too hot or her asthma plays up due to the toxic coal ash from the nearby power plant, the 78-year-old widow rests on an adjustable hospital bed, […]

October 18, 2021 Read More →

Largest India conglomerate plans sixfold boost in renewables by 2030

Nikkei Asia ($): Looking to scale up its green energy portfolio from 4 gigawatts at present to 25 GW by 2030, Indian electricity producer Tata Power is betting heavily on the “huge potential” that the South Asian nation of over 1.3 billion people offers in the field of renewable energy. “For a country like India, […]

October 18, 2021 Read More →

Battery retrofit for solar plant to boost Vietnam renewable projects

Energy Storage News: A battery energy storage system (BESS) will be retrofitted to a utility-scale solar PV power plant in Vietnam, in a pilot project aimed at supporting the spread of renewable energy in the country while reducing power losses.  A grant for US$2.96 million has been awarded by the US Consulate General in Ho […]

October 18, 2021 Read More →