Category / Industry News
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What’s driving the push as institutions plow money into renewables?
When Chicago-based Invenergy scored $3 billion from global asset manager Blackstone in January, it was one of the largest renewables investments in North American history. The announcement was one of several recent examples of large, institutional investors dumping money into the renewables sector. In another instance, Goldman Sachs announced it would invest $250 million in…
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FirstLight Power joins 24/7 Carbon-Free Energy Compact
FirstLight Power joined the 24/7 Carbon-free Energy (CFE) Compact in partnership with Sustainable Energy for All (SEforALL) and UN Energy. The compact is an effort to speed decarbonization of the world’s electricity systems by working with a global group of companies, policymakers and organizations to develop and scale technologies, policies and solutions. According to a…
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University of California system sues 8minute Solar, co-founder
A lawsuit accuses developer Tom Buttgenbach of misappropriating the University of California system’s money after the latter invested in a collection of solar projects. The complaint, filed by public university regents in January in Alameda County Superior Court, claims that Buttgenbach submitted false claims to the university system to induce solar project investments worth $150…
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Indiana Michigan Power outlines plan to add more than 2 GW of wind, solar
Indiana Michigan Power Co. proposed adding more than 2,000 MW of wind and solar energy capacity by 2028. I&M’s proposal, submitted to the Indiana Utility Regulatory Commission, details planned actions from the near future through the next 20 years. The first step will occur in coming months, when I&M issues a request for proposal (RFP)…
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EU wants to allow natural gas, nuclear in green investment
By Samuel Petrequin BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” The green labeling system from the European Commission, the EU’s executive arm, would define what qualifies as an investment…
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FERC should grant Voltus petition for a technical conference on Order 2222
Independent System Operator (ISO) compliance plans for FERC Order 2222 are on their last stretch, with PJM and ISO-NE filing coming up here in February and MISO and SPP plans due in April. Voltus, an energy aggregator, petitioned FERC for a technical conference on these compliance plans. Stakeholders have until February 7th to support the…
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Altus Power and Heliene partner to boost U.S. solar module manufacturing
Solar company Altus Power Inc. and module manufacturer Heliene Inc. signed a three-year agreement under which Altus Power will be able to buy up to 250 MW of solar modules from Heliene for use in solar generation projects across the U.S. In connection with the supply agreement, Altus Power also plans to invest up to $5 million in Heliene as…
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Utility scale solar deployments could fall farther behind estimates
A solar market analysis firm said that the 25 GW of utility scale capacity expected to be deployed in 2022 may end up closer to 15-20 GW as supply chain-related issues continue to challenge the industry. In a note to clients, Roth Capital Partners said that three Tier 1 suppliers–Jinko, LONGi, and Trina–face ongoing import…
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BloombergNEF: Corporate clean energy purchases topped 30 GW in 2021
Corporations bought a record 31.1 GW of clean energy through power purchase agreements (PPAs) in 2021, up nearly 24% from the previous year’s record of 25.1 GW. That’s according to research firm BloombergNEF (BNEF). The activity was driven by the U.S., where two-thirds of the procurements occurred. In total, American corporations procured 17 GW in…
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New hydropower awards announced from Niagara Power Project
New York Governor Kathy Hochul announced that the New York Power Authority (NYPA) Board of Trustees has approved economic development awards to three companies that will create 79 new jobs and spur nearly $46 million in capital investments. The NYPA board awarded two Erie County businesses with low-cost hydropower allocations — generated at NYPA’s Niagara…
