Total Eren, a subsidiary of Eren Groupe, has 3.5GW of renewable capacity in operation worldwide, plus a 10GW-plus pipeline of solar, wind, hydroelectric and storage pipeline projects. Wind accounts for around 1.6GW of Total Eren’s portfolio, all onshore projects spread across Asia-Pacific, Central and South America, and Africa, according to …
Read More »Saudi Arabia’s Oil Revenues Slump To The Lowest Level Since 2021
By Tsvetana Paraskova – Jul 25, 2023, 7:28 AM CDT In May, Saudi Arabia’s oil revenues fell to $19.2 billion, the lowest level since September 2021. The drop in revenues was driven by a decline in oil exports, a decline that correlated with OPEC+ production cuts. The pain isn’t over …
Read More »NextEra 2Q Earnings Up Sharply as it Adds Solar-Power Capacity
By Rob Curran NextEra Energy posted second-quarter earnings more than double the year-earlier level as the electricity generator added solar-power capacity. The Juno beach, Fla., power producer said second-quarter net income rose to $2.8 billion, or $1.38 a share, from $1.38 billion, or 70 cents a share, a year earlier. …
Read More »UPDATE 2-NextEra Energy beats quarterly profit estimates on renewables boom
(Adds background in paragraphs 2-4, 6; details on results in paragraphs 6 and 7) July 25 (Reuters) – NextEra Energy Inc second-quarter profit beat Wall Street estimates on Tuesday, helped by strength in the company’s renewable energy unit. NextEra, which generates more wind and solar power than any other company …
Read More »French developer deploys removable ground-mounted solar plant – pv magazine International
CVE, a French developer, has deployed a solar plant based on PV modules ballasted on the ground. The installation will cover nearly 10% of the overall consumption of an industrial site in Châtillon-sur-Chalaronne, France. July 25, 2023 Gwénaëlle Deboutte French renewable energy producer CVE has installed its first RespeeR Flex …
Read More »Permitting Plan B: Democrats lean on FERC, DOE
As prospects remain murky for bipartisan permitting reform in Congress, top Senate Democrats are turning to new strategies. They are looking to the nation’s top energy regulator and action from the Biden administration to achieve their clean energy goals. Senate Majority Leader Chuck Schumer (D-N.Y.) is calling on the Federal …
Read More »El Niño could have a significant impact on renewable energy production, says new WTW Natural Catastrophe Review
Willis Towers Watson Public Limited Company Natural Catastrophe Review (Jan-June 2023) launched by WTW provides in depth analysis of catastrophe risk by leveraging collaborations with research institutions. LONDON, July 25, 2023 (GLOBE NEWSWIRE) — The emerging El Niño could cause wind drought in North America, which would have a significant …
Read More »Hybrid hydro-solar project puts Ghana on track to achieve electricity access, clean energy goals – pv magazine International
A project combining solar with hydroelectric power at the Bui dam in Ghana has given a massive boost to the country’s efforts to provide universal electricity access by 2025. Digital transformation is also reducing the time to resolve technical issues at the dam. July 25, 2023 Ghana is on track …
Read More »The EU Has No Plans To Revise Its Russian Oil Price Cap
By Irina Slav – Jul 25, 2023, 3:17 AM CDT An unnamed diplomat from the Baltics has said there is no movement within the Council of the European Union to alter its price cap on Russian oil. Russia’s flagship oil is currently trading above the $60 price cap as its …
Read More »‘Goldwind targeting Spain’: could Chinese giant land in Siemens Gamesa’s backyard?
Chinese wind turbine giant Goldwind is actively seeking to buy renewable energy projects in Spain, according to local reports there. Goldwind is “making offers to the main promoters with wind farms under development”, with a particular interest in already-permitted ready-to-build projects, business newspaper Invertia was told by unnamed sources in …
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