Month: August 2021

US Wind will expand offshore project in Maryland to include up to 82 turbines, company says

Maryland-based offshore developer US Wind announced plans this week to expand its 22-turbine MarWin project to include up to 82 turbines under the new Momentum Wind project for up to 1,200 MW additional offshore wind energy. US Wind also intends to develop 90 waterfront acres into a new offshore wind deployment hub where the company …

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First half of 2021 sees record investment in renewable energy

More money was invested in renewable energy in the first six months of 2021 than the first half of any other year, according to tracking by BloombergNEF. But analysts still say “immediate” funding is needed to reach global net-zero emissions goals. Globally, $174 billion of new investment was made in renewable energy capacity, equity raised …

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Top 5 tips to bring a renewable energy equipment prototype to market

Contributed by Scott Baxter It’s no secret that the renewable energy equipment industry is a sector that is forecasted to grow, with new innovative energy technologies entering the market every day. Each week different technologies in the energy sector, such as fuel cell power generation, energy storage, solar/photovoltaic, and wind energy, make another index forward. …

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NY Green Bank raises $314 million to meet demand for clean energy project financing

NY Green Bank – a division of the New York State Energy Research and Development Authority (NYSERDA) – announced this week a $314 million transaction in its first private capital raise to support clean energy project financing. The transaction with Bank of America is the largest ever conducted by a green bank in the United …

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What’s in Congress’ infrastructure bill for renewable energy

The Biden administration and leaders in the U.S. Congress unveiled details of the 2,700-page, bipartisan infrastructure package on Sunday that includes $550 billion in new spending. The deal is expected to move quickly – and is likely to change in many ways – before receiving final approval later this week. So, what’s in the deal …

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August sizzle: POWERGEN+, POWERGRID webcasts hot on decentralized energy, T&D

August is often seen as the end of something, whether it’s winter in the southern hemisphere or summer in the north. It’s the return to school for some and the last call for a vacation to others. August, author Sue Monk Kidd wrote, is the “griddle where days just lay there and sizzle.” Hot, hot, …

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NextEra wing selling $290M solar-storage project to AES Indiana

The Indiana subsidiary of AES Corp. will acquire and oversee the building of a 250-MW solar and 180-MWh energy storage facility in that state. AES Indiana is acquiring the Petersburg Solar Project in Pike County, Ind., from NextEra Energy Resources LLC, a division of Florida-based NextEra Energy. NextEra will continue to develop and construct the …

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Biden administration advances offshore wind energy plans in California, North Carolina

The Biden administration – through the Bureau of Ocean Energy Management (BOEM) – is advancing the process to bring offshore wind energy development to California and North Carolina. BOEM published a request for information from the public for commercial offshore wind in two new areas off central California – identified as the Morro Bay Call …

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Utility giant NextEra adds 1.8 GW of renewables, storage to backlog

NextEra Energy – owner of Florida Power & Light, Gulf Power, and NextEra Energy Resources – added 1.8 gigawatts of renewables and storage to its backlog in the second quarter of 2021, the company reported last week. FPL made significant progress in Q2 on its plan to install 30 million solar panels by 2030, adding …

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