2020 was a record-setting year for global offshore wind investment

Global financial investment for offshore wind capacity set records in 2020, according to new research released last month. Data from the Renewables Consulting Group’s (RCG’s) Global Renewable Infrastructure Projects (GRIP) database shows that the total capacity financed for offshore wind last year reached 8,370 megawatts (MW) across the European, Americas and Asia Pacific (excl. China) […]

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Granholm sworn in as 16th Secretary at U.S. Department of Energy

Jennifer M. Granholm was sworn in Feb. 25 as the 16th Secretary of Energy by U.S. Vice President Kamala Harris, after a confirmation vote of 64-35 in the U.S. Senate. Secretary Granholm is only the second woman to lead the U.S. Department of Energy (DOE). “I am humbled by the faith President Biden has placed […]

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Clothing retailer signs 13-year renewable energy supply deal with AEP Energy

The competitive retail wing of American Electric Power has signed a clean energy supply deal with apparel firm Abercrombie & Fitch Co. AEP Energy will supply the retailer’s corporate headquarters and two distribution centers in New Albany, Ohio with clean energy through an Integrated Renewable Energy (IRE) solution – a long-term, fixed price retail energy […]

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Xcel Energy – Colorado plans to deliver 80% renewable energy by 2030

Xcel Energy – Colorado today announced details of its upcoming Clean Energy Plan that will result in an estimated 85% reduction in carbon dioxide emissions from 2005 levels by 2030. The plan will double renewable energy and battery storage on the Xcel Energy Colorado system, providing customers with electricity derived from approximately 80% renewable sources […]

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EIA: Levelized cost of onshore wind, solar PV dropping below gas-fired and conventional generation by 2026

Within a decade, if not a few years, the levelized cost of electricity is coming way down for new utility-scale onshore wind and solar photovoltaic (PV) projects to levels below all fossil or conventional fuels including combined cycle gas turbine (CCGT) power plants, according to new figures from the U.S. Energy Information Administration. The EIA’s […]

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Xcel celebrates milestone as utility is now halfway to 100% carbon free electricity

For the second year in a row, Xcel Energy has hit a significant milestone in its quest to deliver 100% carbon-free electricity to customers by 2050. Xcel reported that it broke its own record for a single-year drop in emissions in 2020, cutting carbon emissions company-wide by approximately six million tons, a 12% reduction over […]

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RP Global has 1-GW pipeline of renewable projects to develop in Poland

Renewable energy developer RP Global announced that it is investing in the development of PV and wind power projects across Poland. Wojciech Glocko, former EPA Wind and utility manager, has been hired to head up project development together with a team of senior local experts from Poland’s leading public and private renewable energy organizations.  The first […]

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The grid needs $14T to support full decarbonization

At least $14 trillion needs to be invested in the grid worldwide by 2050 to support an evolved power system, according to BloombergNEF’s new Power Grid Long-Term Outlook 2021 published this week. The transition to electric heating and transport will drive up electricity demand, while the tremendous growth of wind and solar add additional strain on the grid. […]

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Customers are driving the push towards renewables and digitalization

For us at ABB, it’s an exciting time. Our customers are pushing us to help them maximize their efficiencies and increase long-term sustainability with digital and cloud-connected technologies.

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GWEC: Nearly 30GW of new wind energy capacity was auctioned in 2020

According to new analysis by GWEC Market Intelligence in its latest Q4 2020 Wind Energy Auction Update, nearly 30GW of new wind power capacity was awarded globally through auctions in the second half of 2020, which is a slight increase compared to the 28GW awarded during H2 2019. This surge in new auctioned capacity is a clear signal that the industry is back on track and committed to building up the global pipeline of wind power projects, notes the report.

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