CNBC A 1,151-megawatt (MW) coal power station in North Dakota is set to be retired after it was deemed to have “lost value compared to other alternatives in recent years.” Announcing the decision at the end of last week, electric power supplier Great River Energy said it planned to shut down the two units of Coal Creek Station in the
CNBC Nordex has become the latest wind turbine manufacturer to withdraw guidance for the 2020 financial year, in another example of how the coronavirus pandemic is disrupting the renewable energy sector. In a statement issued Tuesday the German company said its performance in the first quarter of 2020 had “improved substantially in line with expectations” compared to the same period
CNBC Over 106,000 people working in the U.S. “clean energy” sector lost their jobs in March as the industry struggled to soften the impact of the coronavirus pandemic, it was claimed Wednesday. The analysis of Department of Labor data, released by Environmental Entrepreneurs (E2), the American Council on Renewable Energy, E4TheFuture and BW Research Partnership, paints a challenging picture for
CNBC Global renewable energy capacity hit 2,537 gigawatts (GW) at the end of last year, an increase of 176 GW compared to 2018, but the coronavirus continues to cast a shadow over the sector’s prospects for 2020, impacting both supply chains and manufacturing facilities. According to figures from the International Renewable Energy Agency’s (IRENA) “Renewable Capacity Statistics 2020” report, new
GreenBiz Oil & Gas 360 Editors Note: Trevor d’Olier-Lees writes an excellent article looking at the renewable market, and if a downturn is on the horizon. The key take away’s from the article are surrounding the removal of tax incentives and the “market-driven era has begun”. I have always said that a balanced approach to energy production between fossil fuels,
TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) announced today solid financial results which were at the upper-end of its guidance for the three months and year ended December 31, 2019, along with its 2020 outlook.
EIA Oil & Gas Publishers Note: Interesting news from the EIA regarding wind surpassing hydroelectric, but is this a time to celebrate? We are looking at the statistics on renewable energy and the CO2 impact to the environment. The impact on renewable energy does impact the CO2 pollution at a much higher volume than fossil fuels. So the real question
CNBC Danish firm Vestas said Monday that it was aiming to produce “zero-waste” wind turbines by the year 2040. The wind turbine manufacturer explained that its goal would mean operating a value chain that produced no waste materials. This, it added in a statement, would be achieved through the introduction of a “circular economy approach” in the design, production, service and end-of-life
EIA EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions. According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost
Houston Chronicle UPDATE: Tax credits for biodiesel and wind energy were extended under a deal struck by Republicans and Democrats late Monday night, according to sources close to the discussions. With the House expected to vote on the spending plan late Tuesday, time for additional measures was running out. According to draft legislation circulating Tuesday morning, the tax credit for biodiesel,
Reuters Offshore wind could become a cornerstone of the world’s power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday. Renewables replacing fossil fuel is crucial to meet a globally-agreed goal of limiting temperature rise to below 2 degrees Celsius this century and the expansion
Source: Houston Chronicle Equinor said Friday it will build the first-ever offshore floating wind development designed to power its oil and gas platforms off the coast of Norway. The roughly $550 million Hywind Tampen project will be built about 85 miles offshore to power the Snorre and Gullfaks platforms in the North Sea. The water depths are deep enough that floating wind
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