Despite rising prices, market faces a glut of renewable energy projects, analysts say

The enormous number of renewable energy projects in queues around the country suggests the vast majority will never be built, according to Ascend Analytics.

By Emma Penrod • Nov. 10, 2023

Solar likely to outpace hydropower’s annual generation in 2024: EIA

From 2009 to 2022, installed solar capacity increased at an average rate of 44% per year, said the Energy Information Administration.

By Diana DiGangi • Nov. 9, 2023

Explore the Trendline➔

The Energy Transition to Renewables

Rising demand for power is continuing to drive demand for renewables, but policy uncertainty and mixed signals from the Trump administration add to existing challenges.

By Utility Dive staff

DOE taps Sunnova, Sunrun, others, to receive $440M for rooftop solar and batteries in Puerto Rico

Eight companies and nonprofits will install solar and battery systems for low-income households and those where a resident has an energy-dependent disability.

By Diana DiGangi • Nov. 8, 2023

Kentucky PSC partly approves PPL’s $2.1B plan to retire coal, add gas, solar and storage

The commission approved a 125 MW/500 MWh battery energy storage facility, which it said will give LG&E/KU insight into operating and integrating large-scale storage to meet customer demand.

By Ethan Howland • Nov. 8, 2023

Google taps ‘carbon-intelligent’ computing platform to help maintain grid reliability in power crises

The platform, originally built to help Google achieve 24/7 clean energy use, has proven to be effective as a demand response mechanism, Google says.

By Emma Penrod • Nov. 7, 2023

Dominion lowers cost estimates for power from offshore wind farm, seeks possible partner

The utility will decide by early 2024 whether or not to take on a partner for its Coastal Virginia Offshore Wind project, said CEO Bob Blue.

By Diana DiGangi • Nov. 6, 2023

Duke, others leverage new IRA rules to finance clean energy, but cost, complexity are hurdles

New tax credit provisions in the Inflation Reduction Act could more than triple the $20 billion annual tax equity market that today finances clean energy in the U.S., if various challenges can be overcome.

By Herman K. Trabish • Nov. 6, 2023

AEP aims to sell retail, distributed energy and solar operations by mid-2024

American Electric Power also plans to soon launch a sale process for its stakes in two transmission companies and make a decision on selling its share of Transource Energy, CEO Julie Sloat said.

By Ethan Howland • Nov. 6, 2023

IRA clean energy projects could create 403,000 jobs: E2 report

The report put electric vehicles first in terms of expected job creation from the first year of the Inflation Reduction Act, at about 240,000, followed by about 62,400 energy storage jobs and about 47,200 solar jobs.

By Diana DiGangi • Nov. 2, 2023

Diversify, domesticate and disrupt: Building a robust US solar supply chain

Until the Inflation Reduction Act passed last year, the United States had no solar panel manufacturing policy. Now it has a flawed one.

By David M. Hart • Nov. 2, 2023

Apple, Nike and others back new clean energy project to decarbonize supply chains

The Clean Energy Procurement Academy, whose founding members also include Amazon, Meta and PepsiCo, aims to boost clean energy procurement and curb emissions.

By Zoya Mirza • Nov. 2, 2023

Ørsted cancels two offshore wind projects along New Jersey coast

The projects had become financially unworkable due to supply chain problems and increased interest rates, the company said.

By Diana DiGangi • Nov. 1, 2023

BOEM approves 2.6-GW Dominion Energy offshore wind farm, largest yet in US

While other offshore wind developers have canceled PPAs and projects citing rising costs, Dominion Energy says the Virginia project is on schedule and on budget.

By Emma Penrod • Nov. 1, 2023

Fitch downgrades Eversource outlook to ‘negative’ on uncertainty around offshore wind sales

“Failure to complete the sale in a timely manner would pressure Eversource's already weak financial profile, resulting in a ratings downgrade,” Fitch Ratings said Monday.

By Ethan Howland • Oct. 31, 2023

Is the least populated state in the nation leading the next US energy transition?

Wyoming is on track to become a major exporter of wind energy to neighboring states and major urban markets across the West.

By John Karakoulakis • Oct. 31, 2023

Connecticut 2 GW offshore wind RFP acknowledges financial challenges for developers

The state included a provision to allow bidders to submit pricing at a rate indexed to macroeconomic factors like inflation, allowing for adjustments of 15%.

By Diana DiGangi • Oct. 30, 2023

After tepid first auction, BOEM announces 4 new Gulf of Mexico offshore wind areas

Three lease areas in the region went unsold in an August auction, but the Bureau of Ocean Energy Management is moving ahead with the sale process for four new areas.

By Diana DiGangi • Oct. 30, 2023

Los Angeles region to accelerate clean energy efforts in run-up to 2028 Olympics

The road map sets new and more granular decarbonization targets, said a co-chair of the public-private partnership behind the plan.

By Ysabelle Kempe • Oct. 30, 2023

131 companies press for 100% decarbonized power systems in all countries by 2040

The coalition, which includes companies like EDP and Ørsted and represents nearly $1 trillion in annual revenue, is asking policymakers to end reliance on fossil fuels through regulations and clean-energy investments.

By Zoya Mirza • Oct. 27, 2023

Key lessons for an economical and reliable path to a 100% clean electricity system

While the near- and mid-term path to reach an 80%-90% clean system is relatively clear, the technological mix of the final leg is still highly uncertain.

By Derek Stenclik and Priya Sreedharan • Oct. 27, 2023

Jury orders Xcel to pay Colorado co-op $26.5M for extended outages at Comanche 3 coal plant

“This verdict will at least partly compensate CORE for damages caused by the systemic failures of Xcel,” said CORE Electric Cooperative CEO Jeff Baudier.

By Robert Walton • Oct. 27, 2023

NextEra expects up to $1.8B by 2026 in renewable energy tax credit sales, CFO says

The tax credit market is growing more rapidly than expected, an energy marketplace director said, but questions remain about whether it's bringing new money to the sector.

By Emma Penrod • Oct. 27, 2023

Utility-scale solar installation costs rose 8% in Q1, residential costs fell 16%: NREL

While module costs have dropped, the National Renewable Energy Laboratory said utility-scale solar is facing steeper prices for inverters and labor.

By Diana DiGangi • Oct. 26, 2023

DOE issues draft plan for speeding up, improving grid interconnections

The draft road map goes beyond the Federal Energy Regulatory Commission’s recent interconnection reform rule, in part by calling for fast-track interconnection options.

By Ethan Howland • Oct. 26, 2023

Microsoft leans on renewable energy PPAs, energy efficiency in environmental efforts

“Ensuring our buildings are energy efficient is a key first step in reducing emissions,” the tech giant said in its 2022 Environmental Report.

By Joe Burns • Oct. 25, 2023