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AI, climate change, fuel cells among energy transition ‘disconnects’ for utilities: Morgan Stanley
by Ethan Howland on June 2, 2023 at 8:10 pm
“Not all incumbent utilities will gain from the energy transition,” analysts said in a report issued Wednesday. Those that could be challenged include Consolidated Edison, Entergy and NextEra. […]
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British energy developers to be told: speed up projects or leave queue for grid
by Jillian Ambrose on June 2, 2023 at 2:31 pm
Move expected to help reduce waits of up to 15 years to connect solar power installationsBritain’s electricity system operator will tell energy developers to get on with their projects or get out of the queue for a grid connection as it struggles to manage the growing backlog of delayed green energy projects.The ultimatum is expected to help speed up the 10- to 15-year wait for a grid connection, which is holding back billions in green investment and threatens to derail the UK’s […]
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IHG ups sustainability efforts with community solar offerings for US hotels
by Noelle Mateer on June 2, 2023 at 1:47 pm
IHG will provide renewable energy certificates to participating hotels, furthering the company’s 10-year march toward a 46% energy emissions reduction target. […]
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Detronic Energia, Appian to build 62.4MWp solar parks in Brazil
by Simon Yuen on June 2, 2023 at 1:45 pm
Brazilian renewable energy company Detronic Energia has formed a partnership with investment advisor Appian to develop 20 ready-to-build solar parks with a total capacity of 62.4MWp in Minas Gerais. […]
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Fraunhofer ISE launches perovskite testing programme to reliably track efficiencies
by Will Norman on June 2, 2023 at 1:08 pm
Fraunhofer ISE has set up a testing apparatus for perovskite solar PV cells and modules, aiming to establish a reliable efficiency standard for the technology. […]
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FERC approves PG&E plan to spin off 5.6 GW in advance of possible minority stake sale
by Ethan Howland on June 2, 2023 at 12:11 pm
“We've actually seen pretty robust inbound interest in the asset, and so we do expect a fairly competitive process,” Carolyn Burke, PG&E Corp. CFO, said. […]
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Sen. Heinrich proposes 30% investment tax credit for ‘regionally significant’ transmission projects
by Robert Walton on June 2, 2023 at 11:57 am
The Grid Resiliency Tax Credit Act would provide incentives for transmission projects, critical subcomponents and grid-enhancing technologies. […]
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US releases additional guidance to incentivise clean energy investments in coal communities
by Simon Yuen on June 2, 2023 at 11:35 am
The US Department of Treasury, Department of Energy and the Internal Revenue Service (IRS) have announced guidance on the Inflation Reduction Act (IRA), strengthening energy security and incentivising manufacturing and clean energy investments in coal communities. […]
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Bipartisan group of senators warns DOE not to make transformer shortage worse with new efficiency rule
by Robert Walton on June 2, 2023 at 10:18 am
The Department of Energy is “open to exploring both supply- and demand-side solutions to encourage further manufacturing of distribution transformers,” an agency spokesperson said. […]
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Mytilineos to acquire Westbridge Renewable 1.4GW Canadian solar portfolio
by Jonathan Touriño Jacobo on June 2, 2023 at 10:09 am
Canadian renewables firm Westbridge Renewable Energy has entered into definitive agreements with Greek developer Mytilineos’ subsidiary, Metka, to purchase a portfolio of five projects in Canada. […]
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Lightsource BP completes US$460 million deal for 368MW of US solar
by JP Casey on June 2, 2023 at 10:03 am
Lightsource BP has completed a US$460 million financing package that will enable the construction of 368MW of solar power in the US. […]
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Shell buys 1.1GW of Spanish PV projects
by Will Norman on June 2, 2023 at 9:58 am
British-headquartered oil giant Shell has acquired 1.1GW worth of solar PV projects from Spanish solar generation company Isemaren. […]
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Developers drawn to emerging solar hotspot Romania ahead of new CfD scheme
by Jonathan Touriño Jacobo on June 2, 2023 at 9:11 am
With grid availability, plenty of land and a new contracts for difference scheme that is set to go live this year, Romania is proving an increasingly attractive market for solar developers. Lena Dias Martins finds out more. […]
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Marinus Link gets nudge along as cost determinations begin
by Sophie Vorrath on June 2, 2023 at 5:10 am
Australian Energy Regulator starts cost and revenue determinations on 1500MW Marinus Link, paving way for early works on the controversial project. The post Marinus Link gets nudge along as cost determinations begin appeared first on RenewEconomy. […]
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Coal generator fined for lousy response to coal plant explosion that rocked the grid
by Giles Parkinson on June 2, 2023 at 5:03 am
Coal plant owner hit by fines for having the wrong settings on its generating units as regulator investigates why Callide coal explosion had such a big impact on grid. The post Coal generator fined for lousy response to coal plant explosion that rocked the grid appeared first on RenewEconomy. […]