News

Biden revokes permit for Keystone XL pipeline, likely killing project

NPR: As part of his ambitious plan to address climate change, President Biden is revoking a key cross-border presidential permit needed to finish the controversial Keystone XL pipeline This likely means the end of the $8 billion pipeline, a years-long project that would have carried oil sands crude from Alberta, Canada, to the American Gulf […]

January 21, 2021 Read More →

Chinese utility Huaneng charts course for major renewable energy construction effort

Argus Media: China’s biggest coastal power generator, state-controlled utility Huaneng, has laid out plans to add over 80GW of clean energy-based power capacity in the coming years, potentially curbing its demand for coal. Huaneng plans to develop more than 80GW of additional clean energy power capacity by the end of 2025, taking clean energy to […]

January 21, 2021 Read More →

Iberdrola, Danone move forward with 590MW solar project in Spain, Europe’s largest

Bloomberg: Spain’s largest utility Iberdrola SA and the French food giant Danone SA sealed an accord to build 590 MW-capacity photovoltaic plant, the largest in Europe. The 300 million-euro ($364 million) project will be located in the western province of Caceres, Iberdrola said in statement on its website. The utility will provide power to Danone’s […]

January 21, 2021 Read More →

Norwegian electrolyzer firm seeks price parity for green hydrogen by 2025

S&P Global Market Intelligence ($): Norwegian electrolyzer-maker Nel ASA wants to reduce the cost of green hydrogen, produced with renewable electricity, to $1.50 per kilogram by 2025 in a bid to outcompete fossil fuel alternatives. Cost reductions will be made by bringing the technology to multi-gigawatt scale and growing production capacity, the company said Jan. […]

January 21, 2021 Read More →

Study finds significant methane leakage from abandoned oil, gas wells in Canada, U.S.

Reuters: Methane leaking out of the more than 4 million abandoned oil and gas wells in the United States and Canada is a far greater contributor to climate change than government estimates suggest, researchers from McGill University said on Wednesday. Canada has underestimated methane emissions from its abandoned wells by as much as 150%, while […]

January 21, 2021 Read More →

BNEF: Global energy transition spending topped $500 billion for first time in 2020 despite pandemic

S&P Global Market Intelligence ($): Governments, companies and individual consumers spent a record $500 billion transitioning to lower-carbon energy in 2020 despite economic disruptions caused by the coronavirus pandemic, research provider BloombergNEF said in a new report Jan. 19. Investment in renewable power, energy storage, electric vehicles, hydrogen and related sectors rose 9% year over […]

January 20, 2021 Read More →

China reports installing record 72GW of new wind capacity in 2020

Bloomberg: China blew past its previous record for renewable energy installations last year with a massive — and surprising — addition of wind power. The National Energy Administration said in a press release on Wednesday that China added almost 72 gigawatts of wind power in 2020, more than double the previous record. The country also […]

January 20, 2021 Read More →

Federal regulators deal potentially fatal blow to planned Oregon LNG export facility

The Oregonian: Federal energy regulators on Tuesday upheld the state of Oregon’s decision to deny a water quality certification for the proposed Jordan Cove liquefied natural gas export terminal in Coos Bay and its feeder pipeline, the Pacific Connector, another sign that the massive energy project may be on its last legs. Oregon’s Department of […]

January 20, 2021 Read More →

BHP to cut book value of money-losing Australian thermal coal mine by up to US$1.25 billion

The Guardian: BHP will slash its valuation of its Mount Arthur coalmine in New South Wales by at least $1.5bn after a dramatic fall in the price of thermal coal, which is burned to produce electricity. The move will wipe out most of the book value of the Hunter Valley mine, leaving it worth between […]

January 20, 2021 Read More →

Norwegian, Belgian firms to build 800MW of wind capacity in Serbia by 2026

Renewables Now: Norwegian utility-scale wind power developer NBT entered a partnership with Belgium-based WV International, former Windvision, to develop wind projects with a combined capacity of 800 MW in Serbia by 2026, the two companies said on Tuesday. The first wind parks with a combined capacity of 168 MW are coming online in 2023, NBT […]

January 20, 2021 Read More →