Renewables


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    Opinion

    Investing in green companies: Why private equity should lead the charge

    Investing in green companies not only addresses pressing environmental concerns but offers compelling financial returns as well.

    By Hajar Jouglaf • May 22, 2024
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    Schneider Electric purchases IRA tax credits from solar manufacturer

    The senior director of renewables for Schneider’s sustainability business called the Inflation Reduction Act’s transferable credits a “revolutionary development.”

    By Lamar Johnson • May 21, 2024
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    Trendline

    Sustainability

    Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.

    By Utility Dive staff
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    Clean energy fund surplus sparks tension in Pacific Northwest city

    The Portland, Oregon, program has brought in millions of dollars more than originally anticipated, putting some city leaders and climate advocates at odds over how to proceed.

    By Ysabelle Kempe • May 21, 2024
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    Residential solar + storage surged in California after NEM 3.0: LBNL

    Other trends include an increase in inflation-adjusted costs for storage attachments, decreases in average system size and notable market share growth among the state’s top installers.

    By Brian Martucci • May 20, 2024
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    Record-breaking solar generation in Texas tied to increased load, decreased curtailment: REsurety

    Although solar is growing exponentially in Texas, that growth isn't the main driver of this winter's reports of record-breaking solar generation, the consulting firm said.

    By Emma Penrod • May 20, 2024
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    Clean energy tax credit market poised to grow amid new transferability rules

    The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.

    By Brian Martucci • May 20, 2024
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    IRS extends domestic content bonus credit applicability for hydropower, solar

    The guidance also aims to “remove unnecessary burdens on taxpayers by allowing them to reference default cost percentages,” said American Council on Renewable Energy President and CEO Ray Long.

    By May 17, 2024
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    State utility regulators grapple with load growth, reliability and permitting amid energy transition

    “There are so many priorities that we need to balance,” Michigan PSC Commissioner Katherine Peretick said at a Cleanpower Expo panel.

    By Brian Martucci • May 17, 2024
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    Meta to bring 210 MW of solar energy to Indiana

    The tech company’s agreement with Solarpack will help deliver renewable energy to support Meta’s operations in the state and build on its decarbonization goals.

    By Zoya Mirza • May 16, 2024
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    States, feds must do more to mitigate offshore wind risks: Cleanpower 2024 panel

    The conversation came as the offshore wind industry works through “a moment of reflection and recalibration,” panelist Doreen Harris, NYSERDA president and CEO, said at the Cleanpower Expo.

    By Brian Martucci • May 16, 2024
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    Biden hikes tariffs on China-made EVs, batteries, solar cells

    The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing while also increasing supply chain control.

    By Kate Magill • May 14, 2024
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    University of Texas at Austin launches pioneering hydrogen demonstration research hub

    The “proto-hub” will serve as a center for testing complex hydrogen systems in the real world — and could train professionals in hydrogen technology in the future.

    By Emma Penrod • May 14, 2024
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    Clean energy groups praise FERC transmission order but want more reform

    American Clean Power Association Vice President of Markets and Transmission Carrie Zalewski called the rule “an important milestone” but added that it “cannot be the finish line.”

    By May 14, 2024
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    Virtual power plants, DERs and home electrification get boost from trio of new Maryland laws

    The laws could help Maryland meet its goals to generate 14.5% of electricity from solar by 2028, achieve a 60% greenhouse gas emissions reduction by 2030 and install 3 GW of energy storage by 2033.

    By Brian Martucci • May 13, 2024
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    Midwest is a model for renewables development, but ‘well-meaning’ policies can raise concerns: panel

    Despite the region’s competitive advantages for renewable energy, developers need to recognize local stakeholders’ concerns to keep the energy transition on pace, panelists said at the Cleanpower conference in Minneapolis.

    By Brian Martucci • May 10, 2024
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    Training gaps, lack of diversity and ‘bad PR’ constrain clean energy workforce: Cleanpower 2024 panel

    Renewables developers need to think creatively and look at largely untapped labor pools to source talent, executives from Mortenson, Pattern Energy and MasTec Renewables said at the Cleanpower Expo in Minneapolis.

    By Brian Martucci • May 10, 2024
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    DOE doubles down on $1/kg clean hydrogen, sets sights on additional hydrogen cost targets

    The DOE's goals are “aggressive” but will help the industry focus on cutting costs and scaling hydrogen technology, Fuel Cell and Hydrogen Energy Association President Frank Wolak said.

    By Emma Penrod • May 9, 2024
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    Clean energy, gas generation in PJM may take longer to come online than expected: report

    “Absent significant reforms or market innovations, most projects entering PJM’s queue today are unlikely to come online before 2030,” the report’s authors said.

    By May 9, 2024
  • Newly-installed solar panels face the sky at the construction site of a new solar energy park as wind turbines spin behind in Germany.
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    US adds 5.6 GW of utility-scale clean energy in Q1, up 28% year-over-year: ACP

    In the first quarter, solar’s project pipeline was up 16% year-over-year while the battery storage pipeline increased 61%, according to the American Clean Power Association.

    By May 8, 2024
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    High interest rates hit renewable energy harder than natural gas: Wood Mackenzie

    A 2-percentage-point increase in interest rates pushes up the levelized cost of electricity for renewables by as much as 20%, according to an analysis by the energy research firm.

    By Emma Penrod • May 7, 2024
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    $6B in Inflation Reduction Act tax credits for advanced energy projects open this month

    The Treasury Department is opening a second round of funding for 48C tax credits aimed at clean manufacturing.

    By Joelle Anselmo • May 3, 2024
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    Louisiana in ‘unique’ position to support US offshore wind but needs legislative backing: report

    Louisiana has 458 distinct companies “with potential applicability to supply products or services in the offshore wind industry,” according to a report released last week by consulting firm Xodus Group.

    By May 2, 2024
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    Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW

    Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.

    By May 2, 2024
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    GE Vernova to remain “highly selective” of offshore wind orders amid uncertainty: CEO

    In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.

    By Brian Martucci • May 1, 2024
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    Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report

    The bank has also met more than half of its goals to reduce its operational footprint by 2025.

    By Lamar Johnson • May 1, 2024