Financing for large solar and wind energy plants sank as governments cut incentives for clean energy and costs declined, said Michael Liebreich, founder and chairman of the advisory board of the London-based research company, a unit of Bloomberg LP. Total investment for this year is on track to be “well below” last year’s record of $348.5 billion, according to New Energy Finance.
Leaked emails from Democratic presidential nominee Hillary Clinton’s campaign show scientists, a former U.S. EPA chief and governors were invited to serve as her primary advisers on energy, climate, environment and infrastructure. In an Oct. 27, 2015, email, Milia Fisher, an aide to campaign chairman John Podesta, asks her boss to approve an invitation for eight people to serve as “senior partners” on the campaign’s policy working group.
To many residents in this tiny town in southern Vermont, the last-minute offer of cash was a blatant attempt to buy their votes.
To the developer that offered the money, it was simply a sign of how attentively the company had been listening to voters’ concerns. The company, Iberdrola Renewables, a Spanish energy developer, wants to build Vermont’s largest wind project on a private forest tract that spans Windham and the adjacent town of Grafton. The project would consist of 24 turbines, each nearly 500 feet tall, and generate 82.8 megawatts of power, enough to light 42,000 homes for a year if the wind kept blowing, though the houses could be in Connecticut or Massachusetts.
Los Angeles has suffered the worst ozone pollution of any American city for three years running. Coastal areas of the city could be swallowed by the Pacific by the end of the century as a warming climate causes sea levels to rise. A natural gas leak in northwestern Los Angeles, finally plugged in February, was the most disastrous in American history. Small wonder that Los Angeles is joining a growing movement to confront environmental challenges at the local level.
In what might be the most definitive sign that Cape Wind officials have given up on the long-running and seemingly unattainable dream of building a wind farm in Nantucket Sound, the company has moved to dismiss its appeal seeking to extend state permits to connect the project to the electric grid. Cape Wind Associates’ attorneys were expected to deliver briefs Thursday arguing why the state Energy Facilities Siting Board should extend permits to build a transmission line from the proposed 130-turbine wind farm to land, said Charles McLaughlin, assistant town attorney for Barnstable. Instead, he received a call from a Cape Wind representative saying that the company would be withdrawing its appeal, McLaughlin said
THE ISSUE: Energy independence has been a goal of every president since Richard Nixon. Hillary Clinton and Donald Trump have very different ways to achieve it. How energy is produced and where it comes from affect jobs, the economy and the environment.
A boom in solar energy in Texas is about to spoil power generators’ favorite time of day. Developers are expected to build about 4 gigawatts of commercial-scale solar panel capacity in the Lone Star state by the end of the decade, according to a report by Bloomberg New Energy Finance Tuesday. Cheap solar energy threatens to depress electricity prices during peak midday hours, when generators profit most as consumers blast air conditioners, driving electricity demand higher.
No matter who sits in the Oval Office in January, the American electricity sector will keep moving away from coal, White House senior adviser Brian Deese said today. Though Republicans, including presidential nominee Donald Trump, continue to attack U.S. EPA’s Clean Power Plan, Deese said market forces are driving power utilities in the direction of cleaner and lower-carbon solutions.
Google Inc.’s investment in Kenya’s Lake Turkana Wind Power Project is its largest on the African continent to date, but it almost certainly won’t be the last. The California internet giant has shown a growing interest in sub-Saharan Africa since it made its first cash outlay three years ago — a $12 million investment in the Jasper Solar Power Project in South Africa’s Northern Cape Province
East Africa’s Great Rift Valley will soon become a hub for emissions-free wind energy as the continent’s largest wind farm rises from the arid, rocky landscape of northwest Kenya. This month, Vestas Wind Systems installed the 154th turbine at the Lake Turkana Wind Power project, just kilometers from the massive saline lake, popularly known as the Jade Sea for its translucent blue-green water.