Multinational energy company Ørsted has stopped development on two offshore wind projects in the U.S., saying impairments related to the projects could be as high as $5.58 billion, reported Reuters. The 2,248-megawatt projects, Ocean Wind 1 and 2, are located in New Jersey. Stock for Danish firm Ørsted, the largest offshore wind developer in the […]
Global energy demand will increase next year, and we will need more renewables capacity as fossil fuel-generated power slows — that’s the message from a new International Energy Agency (IEA) Electricity Market Report. Slower economic growth and the global energy crisis are predicted to ease the demand for global electricity this year, but next year […]
Solar and wind projects are on course to make up more than a third of global energy capacity by 2030, according to a report by U.S.-based clean energy nonprofit the Rocky Mountain Institute (RMI). The report said the growth demonstrates that the energy sector will be able to take the necessary steps to meet worldwide […]
China’s central government has set a target of 1,200 gigawatts (GW) of utility-scale wind and solar capacity by 2030, but a new Global Energy Monitor (GEM) report says the country is set to double its current capacity and meet the goal five years early, a GEM press release said. Prospective projects that have already been […]
Solar and wind power generation has set a new record, with more power generated from those renewables than coal for the first five months of 2023, according to Energy Information Administration (EIA) data, as CBS News reported. It’s the first time solar and wind production has surpassed coal for five months straight, industry publication E&E […]
For the first time ever, solar and wind components made in the U.S. are less expensive than imports, a new study by researchers from Dartmouth and Princeton has found.
Much of the coverage of environmental policy focuses on the actions of countries, states or major cities like New York or Paris. But a community doesn’t have to be large to make a difference for the planet or their local ecosystems. Here are seven of the U.S.’s greenest small towns and cities. Ithaca, New York […]
A new report from the International Energy Agency (IEA) shows that renewable power capacity additions are set to rise by a third globally this year, with wind and solar photovoltaic (PV) leading the way. Prompted by the worldwide energy crisis, it will be the largest yearly increase ever. According to the report, concerns about energy […]
A new report from the International Energy Agency (IEA) says that investment in clean energy is “significantly outpacing” fossil fuel spending and will surpass it this year, with solar projects expected to exceed oil production expenditures for the first time. According to the World Energy Investment report, the global energy crisis that followed Russia’s invasion […]
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