Solar Archives - Page 3 of 11 -

Mexico’s Presidential hopeful bets on natural gas and solar

April 16, 2024

Oil and Gas 360 The frontrunner in Mexico’s next presidential elections, Claudia Sheinbaum, will invest billions in new natural gas generation capacity and solar power, Bloomberg has reported, citing a plan presented to local business leaders. The plan also includes upgrading hydropower capacity and expanding Mexico’s grid with 3,850 km of new transmission lines. Sheinbaum will also continue supporting state-owned oil

Losing hope of rescue, some European solar firms head to US

April 15, 2024

US News FRIEBERG, Germany – European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as the Swiss-listed

The U.S. energy grid is increasingly vulnerable to cyberattacks

April 5, 2024

Oil Price The U.S. grid’s vulnerability to cyberattacks has grown, the North American Electric Reliability Corporation has warned. According to the regulator, the number of vulnerability points in the grid had grown from between 21,000 and 22,000 at the end of 2022 to 23,000-24,000 at the end of 2023. “It’s very hard to keep pace with addressing all those vulnerabilities,”

EXCLUSIVE-Shell’s US solar unit launches asset sale, sources say

February 29, 2024

Nasdaq NEW YORK – Shell’s SHEL.L U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies JEF.N is running the sale of up to 10.6 gigawatts (GW) of solar generation and storage

Argentine oil company YPF privatization scrapped from reform bill- oil and gas 360

Petrobras to start expanding into wind and solar this year

January 23, 2024

Oil Price Brazil’s state oil major Petrobras is this year set to go on a shopping spree in wind and solar, its chief executive told Reuters this week. The company aims to build a portfolio of stakes in wind and solar projects to the tune of 2 GW, Jean Paul Prates told the news outlet in an interview. “The market will see

Tax incentives to supercharge U.S. clean energy transition

June 19, 2023

Oil Price The U.S. Administration this week issued a much-anticipated guidance on tax credits in the Inflation Reduction Act (IRA), giving access to tax credits to local governments and non-profits to join the clean energy transition. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released guidance on key provisions in the IRA to expand the reach of

US burns more natgas as wind power drops, Canadian wildfires cloud solar

June 9, 2023

Nasdaq U.S. power generators were forced to burn more natural gas to produce electricity this week than usual as the amount of wind power dropped and smoke from Canadian wildfires blocked output from solar panels, according to U.S. and regional power data. The amount of U.S. power generated by solar so far this week slid to just 4% of the total

Why America’s outdated energy grid is a climate problem

February 17, 2023

CNBC The network of transmission lines that carry electricity across the U.S. is old and not set up to meet the anticipated demand for clean energy sources like wind and solar. Currently, electricity generation results in 32% of carbon dioxide emissions in the United States, mostly from burning fossil fuels like oil, coal, and natural gas. Those fuels are transported

BP invests millions in company that supplies ‘rapidly deployable’ solar tech

December 16, 2022

CNBC BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology. The energy major said the investment in 5B — made via its subsidiary BP Ventures — wrapped up a Series B funding round of 55 million Australian dollars that had been co-led by Artesian and the AES

Supply chain woes slow U.S. solar boom

December 13, 2022

Oil Price Trade and supply chain barriers continue to slow progress in U.S. solar power expansion, despite the Inflation Reduction Act (IRA) which was designed to boost clean energy capacity rollouts, a quarterly report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie showed on Tuesday. The United States added 4.6 gigawatts (GW) of new solar capacity in the third

Can grid expansion keep up with surge in solar power generation?

October 12, 2022

Oil Price As the capacity to generate wind and solar power continues to expand around the world, hopes of accelerating the phase-out of coal as the leading source of electricity may depend on the expansion of a less discussed but equally important part of the energy supply chain: electricity grids. Countries around the world are working to shift to more sustainable

A pilot project in the North Sea will develop floating solar panels that glide over waves ‘like a carpet’

July 22, 2022

CNBC German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar parks.” Set to be installed in waters off Ostend, Belgium, the pilot, called Merganser, will have a capacity of 0.5 megawatt peak, or MWp. In

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