Renewables
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ENGIE strikes deal with Meta to supply 260 MW of solar
The project is located in Milam County, Texas, and will supply power to a Meta data center 10 miles away in Temple.
By Diana DiGangi • Oct. 31, 2024 -
Avangrid, Invenergy subsidiaries secure BOEM’s first-ever Gulf of Maine offshore wind leases
Four lease areas with a total potential capacity of 6.8 GW were sold to Avangrid Renewables and Invenergy NE Offshore Wind for over $21.9 million, a drop from the $93 million netted in the previous offshore wind lease sale.
By Diana DiGangi • Oct. 30, 2024 -
Trendline
The Energy Transition to Renewables
New policy and business actions are giving a significant boost to renewable energy in the U.S., but opposition is growing and grid interconnection, permitting, labor and other challenges remain.
By Utility Dive staff -
Wind and solar lead accelerating LCOE drop for renewable energy: WoodMac
In North America, renewable technologies’ levelized cost of electricity "declined by 4.6% in 2024, underpinned by a 4.2% drop in capital costs,” Wood Mackenzie said.
By Diana DiGangi • Oct. 28, 2024 -
Arkansas could be a lithium treasure trove
The state’s Smackover Formation region may contain up to 19 million tons of the critical mineral, more than enough to meet projected global demand in 2030.
By Kate Magill • Oct. 28, 2024 -
Final IRS guidance for semiconductor tax credit includes solar ingot and wafer manufacturing
“The White House is wisely addressing the fact that the overwhelming majority of solar panels manufactured in the world are done so by companies in China,” said Danny O’Brien, president of corporate affairs at Qcells.
By Diana DiGangi • Oct. 24, 2024 -
NextEra CEO ‘not bullish’ on SMRs as company assesses potential Duane Arnold restart
“There are only a few nuclear plants that can be recommissioned in an economic way,” and newer technologies like small modular reactors remain financially infeasible, CEO John Ketchum said.
By Emma Penrod • Oct. 24, 2024 -
Opinion
Utilities’ hidden clean energy tax is at the heart of our energy challenges
Ending utility self-funding is central to FERC’s efforts to change utilities’ incentives and push them to tackle more ambitious high-voltage projects.
By Ari Peskoe • Oct. 24, 2024 -
Opinion
Amid hurricanes and wildfires, the legacy grid, not clean power, is failing local communities
The latest bout of extreme heat is proving that we can increasingly and reasonably rely on renewable energy and storage to save us from catastrophic power outages even as the planet warms.
By Akshat Kasliwal and Anirudh Mathur • Oct. 23, 2024 -
Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts
Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.
By Emma Penrod • Oct. 22, 2024 -
Interior approves 2-GW Fervo Energy geothermal project in Utah
The Bureau of Land Management also proposed a categorical exclusion to NEPA that would streamline the permitting process for some geothermal projects.
By Diana DiGangi • Oct. 21, 2024 -
King Energy secures $10M for rooftop solar financing model
The company, which installs solar panels on unused roof space, provides commercial property owners with a “simple, no-nonsense way” to trim operational costs and carbon footprints, CEO John Witchel said.
By Joe Burns • Oct. 21, 2024 -
Sponsored by SAP
Private equity and renewable energy: How investors can set themselves up for digital transformation success
Private equity is driving renewable energy's future - learn how digital transformation fuels success.
By Mark Hollis, Industry Executive Advisor, Renewable Energy & Utilities • Oct. 21, 2024 -
IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 18, 2024 -
FERC bars payments for ‘deadband’ reactive power, plus 4 other open meeting takeaways
Renewable energy trade groups, Public Service Enterprise Group and other generators opposed the agency’s decision on reactive power.
By Ethan Howland • Oct. 18, 2024 -
JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 17, 2024 -
Solarcycle reaches panel recycling agreement with Runergy Alabama
Solarcycle will both recycle Runergy’s decommissioned panels and provide the manufacturer with glass for new panels via its Georgia facility, which is slated to open in 2026.
By Jacob Wallace • Oct. 17, 2024 -
IRA likely insulated US renewables developers from falling profit margins: Baringa
The U.S. renewables sector should return to a trend of increasing profit margins and declining levelized energy costs within the next year or two — with some caveats, said Caspian Conran, a lead economist at Baringa.
By Emma Penrod • Oct. 17, 2024 -
States sped ahead on offshore wind in Q3 while private investment slowed: report
States are pushing ahead with new offtake agreements and procurement rounds while private investment has dwindled in the run-up to the U.S. presidential election, the Oceantic Network said in a market report.
By Diana DiGangi • Oct. 17, 2024 -
Opinion
Creating a clean and reliable grid for Illinois
The recent price spike in PJM’s capacity market is drawing attention to the growing need for policy that moves Illinois towards an affordable clean energy future.
By John Delurey • Oct. 17, 2024 -
DOE finalizes $861M loan guarantee for Puerto Rico solar, storage
The projects, led by a joint venture of AES and TotalEnergies, will add 200 MW of solar generation and up to 285 MW/1,140 MWh of standalone energy storage.
By Robert Walton • Oct. 16, 2024 -
1-hour batteries can increase transmission-constrained renewable energy values 81%: LBNL
Due in part to differing generation and load profiles, solar hybrid plants achieve the bulk of their capacity revenue with about half as much storage as wind hybrid plants, a study by Lawrence Berkeley National Laboratory found.
By Brian Martucci • Oct. 15, 2024 -
CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
By Joe Burns • Oct. 15, 2024 -
Opinion
Mining for talent: Education’s crucial role in America’s clean energy, mineral-driven future
Amid a clean energy revolution and a precarious geopolitical landscape, effectively bridging the educational gap in mining and engineering is pivotal for securing America's technological and environmental future.
By Misael Cabrera and Bill Zisch • Oct. 15, 2024 -
New York Power Authority seeks up to 575 MW of renewables for NYC
The power would be provided via the Hudson Transmission Project cable, which currently delivers energy from the PJM Interconnection to the New York ISO.
By Robert Walton • Oct. 15, 2024 -
Tribal nations want utility-scale clean energy, but upfront costs pose a barrier
The deposit required to remain in an interconnection queue can cost tribes $5 million dollars on short notice, says Chéri Smith, CEO of the Alliance for Tribal Clean Energy.
By Diana DiGangi • Oct. 14, 2024