Renewable Energy Magazine/20-07-2020 NEW YORK: NIPSCO, a subsidiary of NiSource Inc., has plans to add two new solar farms it says will be based in central Indiana. The announcement is part of the energy provider’s “Your Energy, Your Future” initiative – a customer-centric effort focused on delivering a more affordable, reliable and sustainable energy mix […]

Bloomberg/20-07-2020 NEW DELHI: AC Energy Inc. is making its first major investment in India by developing the $68 million Sitara solar plant through a joint venture with UPC Renewables China Holdings Ltd. The 140-megawatt peak solar farm is expected to start generating by the first quarter of 2021 and will supply the Solar Energy Corp. […]

Energy Magazine/13-07-2020   LONDON: The New South Wales Government has announced a $79 million plan to develop an 8,000MW Renewable Energy Zone (REZ) in New England, the second in the region. While, government and local industry have largely welcomed the move, the Australian Energy Council (AEC) has warned that the benefits of this REZ need […]

CNN/20-07-2020 NEW YORK: Chevron announced that it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the Covid-19 pandemic decimated the oil industry. Noble shareholders will receive Chevron stock in this all-stock transaction. Chevron shares traded in the red, dipping as much as 2.7% in the morning. America’s shale oil […]

Reuters/21-07-2020 KYIV: Ukrainian parliament adopted a law significantly reducing tariffs for renewable energy, eliminating the problem of mass non-payments in the energy sector, criticized by investors and Western partners. Ukraine set up special tariffs for renewable energy companies several years ago to expand the green power production and pledged to buy all the energy produced. […]

Bloomberg/30-06-2020 OSLO: Plentiful reserves of fossil fuels and rich seams of valuable minerals are no guarantee of national health, wealth, or happiness. The “resource curse” has blighted many countries: Venezuela and the Democratic Republic of Congo, for example, have suffered from years of graft, civil unrest, and poverty. After discovering oil in the 1960s, Norway […]

Reuters/08-06-2020 TOKYO: TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings (9501.T), plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said. “We aim to boost our profit to 100 billion yen in 2030 from 40 billion […]

Reuters/11-06-2020 NEW YORK: New U.S. solar installations will increase by a third this year, a report published showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic decline in rooftop system orders for homes and businesses due to the coronavirus pandemic. The solar industry will install 18 gigawatts this year, enough […]

Reuters/23-06-2020 MADRID: Spain’s cabinet approved a decree aimed at smoothing the rollout of renewable energy generation, with measures to combat speculation in the market, cut red tape, and overhaul an outdated auction system to reassure investors and lower prices. Spain wants to make use of rich natural resources including prodigious sunlight both to reduce pollution […]

Powermag/25-06-2020 MEXICO: The first GE 7F gas turbine began commercial operation 30 years ago this month. Since coming on the market, more than 950 7F machines have been commissioned, including four 7F.04 units that entered service recently at Techint’s Norte III combined cycle power plant in Mexico. The 907-MW Norte III facility is located in […]

BBC/17-06-2020 LONDON: Scottish energy giant SSE Renewables has said it plans to press ahead with what would be the UK’s biggest onshore wind farm in Shetland. The 103-turbine Viking 443MW project would cost £580m, and create hundreds of jobs. It is subject to energy regulator Ofgem approving a subsea power cable between Shetland and the […]

BBC News/19-06-2020 LONDON: Civil engineering firm RJ McLeod has won a £67m contract to build a 50-turbine onshore wind farm in southern Scotland. The Glasgow-based firm will lead the construction of the 240MW South Kyle Wind Farm, which will have the capacity to power 170,000 homes. Preparatory works are expected to begin next month. The […]