News

India increases estimate of renewable capacity growth to 68GW in five years

The Economic Times: India is expected to add 68 gigawatt (GW) of renewable capacity in five years, up marginally from previous year’s estimate of 60 GW, with solar occupying 65 per cent of the share, according to a recent survey. Gujarat, Maharashtra, and Karnataka emerged as the top three states for overall growth prospects of […]

July 22, 2021 Read More →

Singapore developer plans giant floating solar complex in Indonesia

Renewables Now: Singapore-based solar developer and operator Sunseap Group Pte Ltd is proposing to build a giant 2.2-GWp floating solar complex with battery storage on Indonesia’s Batam Island. The Singaporean firm said on Wednesday it has signed a memorandum of understanding (MoU) with Batam Indonesia free zone authority Badan Pengusahaan Batam (BP Batam), outlining an […]

July 22, 2021 Read More →

Over 500 organizations say carbon capture hinders energy transition

Canada’s National Observer: Investment in carbon capture technology will hinder Canada’s transition away from fossil fuels and exacerbate the effects of climate change, says a new letter co-signed by hundreds of organizations. Over 500 environmental groups and other organizations from Canada and the U.S. put the piece together, which ran as a full-page ad in […]

July 21, 2021 Read More →

Shareholder activists claim New Hope misled investors on coal future

The Guardian: Shareholder activist group Market Forces has asked the corporate watchdog to investigate whether coal company New Hope misled investors by claiming that coal would “remain a significant part of the energy mix”. In letters sent to New Hope Corporation and the Australian Securities and Investments Commission, lawyers for Market Forces have alleged that […]

July 21, 2021 Read More →

BHP, world’s largest miner, mulls selling multibillion oil and gas assets

Bloomberg ($): BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, said the people, who asked not to be […]

July 21, 2021 Read More →

FERC issues permit for $4.9 billion pumped storage project in Washington

S&P Global Market Intelligence ($): Daybreak Power Inc said July 19 that the Federal Energy Regulatory Commission issued a preliminary permit approving its proposed 2,650-MW Halverson Canyon Pumped Storage project near Creston, Wash. Halverson Canyon is a pumped storage hydropower facility that would use water from Lake Roosevelt and a new reservoir in an upland […]

July 21, 2021 Read More →

Underwriter warns surge in wildfires threatens solar industry

PV Tech: The US solar industry could face significant losses this summer unless steps are taken to mitigate wildfire risk over the coming months, renewables underwriter GCube has warned. Wildfires are said to have cost the solar industry tens of millions of dollars in losses over the course of the last decade, and the risk […]

July 21, 2021 Read More →

BlackRock proxy climate votes against companies rose 502% in 2021

Bloomberg ($): BlackRock Inc. rejected almost five times more board directors at companies, including Berkshire Hathaway Inc. and Exxon Mobil Corp., during the recent proxy season because they failed to act on climate issues. The New York-based asset manager voted against 255 directors in the period ended June 30, up from 55 a year earlier, […]

July 21, 2021 Read More →

Vistra plans to shutter 1.3GW coal-fired Ohio plant five years early

S&P Global Platts ($): Vistra on July 19 said it would close its 1.3-GW Zimmer coal-fired power plant in Ohio on May 31, 2022, five years earlier than previously announced, after the plant failed to clear the PJM capacity market. “The Zimmer coal-fueled power plant has recently struggled economically due to its configuration, costs, and […]

July 20, 2021 Read More →

Barely 10% of $17 trillion in COVID stimulus spent on green projects

The Guardian: Trillions of dollars poured into rescuing economies around the world from the Covid-19 crisis have been spent in ways that worsen the climate crisis and harm nature because governments have failed to fulfil promises of a “green recovery” from the pandemic. Only about a tenth of the $17tn in bailouts provided by governments […]

July 20, 2021 Read More →