Rising market and policy uncertainties forced companies to cancel $8 billion in investments in U.S. clean energy projects in the first quarter of the year. In a dramatic surge in cancellations of projects amid the chilling effects of the Trump Administration’s trade policy and attempts to repeal part of the …
Read More »Trump Axes Equinor Wind Project
The Department of the Interior has ordered the suspension of construction works at the Empire Wind offshore project in New York, saying the project may have been approved by the previous administration without an appropriate environmental assessment. The news follows an earlier report that construction of the Empire Wind installation …
Read More »U.S. Wind Power Growth will be 40% Lower than Expected due to Trump Policy
Despite a relatively stable short-term pipeline of U.S. wind power projects under construction, the five-year outlook of America’s wind capacity additions has been significantly limited due to the Trump Administration’s energy policies, Wood Mackenzie said in a new report. The energy consultancy slashed its five-year forecast of new capacity installations …
Read More »Solar Panel Supply Chains Face Human Rights Concerns
Many countries worldwide rely heavily on China for the supply of their solar panels, as the world’s biggest producer of the equipment, contributing 77.8 percent of global production. Recently, there have been rising concerns over potential slavery in the supply chain due to the poor conditions faced by many Chinese …
Read More »Wave Energy Poised for Major Breakthrough
Wave energy could be primed for a swell of progress thanks to open data sharing. While advancements in wave energy have been piecemeal to date, an Australian startup believes that open-sharing principles can revolutionize research and development in the sector, with potentially huge ramifications for decarbonizing global energy grids. Waves …
Read More »France and Spain Lead Europe’s Onshore Wind Potential
Europe has been steadily ramping up its wind energy capacity in a bid to support a green transition and reduce its reliance on fossil fuels. In the last quarter of 2023, the region succeeded in producing more power from wind than coal for the first time, and it has since …
Read More »France and Spain Lead Europe’s Onshore Wind Potential
Europe has been steadily ramping up its wind energy capacity in a bid to support a green transition and reduce its reliance on fossil fuels. In the last quarter of 2023, the region succeeded in producing more power from wind than coal for the first time, and it has since …
Read More »India’s Renewable Energy Investment Is Falling Short of Targets
India is at risk of missing its ambitious clean energy targets if it doesn’t significantly boost investment in renewable energy, which is only a fifth of what is required annually through 2030, clean energy think tank Ember said in a report. India’s investments in renewable power generation and transmission were …
Read More »Global Offshore Wind Expenditure Projected to Hit $80 Billion in 2025
The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19 gigawatts (GW) and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy. This recovery follows a slowdown at the end of last year, when new installations dropped …
Read More »China’s Debuts Record-Breaking 25-Megawatt Wind Turbines
Last year, China’s renewable energy sales and investments hit a record 13.6tn yuan ($1.9tn), dwarfing the global fossil fuel funding total of $1.12 trillion. China’s installed capacity for renewable energy, including wind and solar, reached 1,410 gigawatts, surpassing coal. China has become especially dominant in solar energy manufacturing, having invested …
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