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Why corporate renewable energy buyers should consider hedge agreements over PPAs

A predictable revenue stream from a creditworthy “offtaker” is the standard approach to finance an energy project.  Traditionally, developers sought a long-term, fixed price power purchase agreement (PPA) with a utility offtaker to meet this financeability requirement, but such...

Developers struggle to actually build low-cost wind farms in India

Remember those ridiculously low prices that developers bid for wind energy in India? Turns out building them will be more difficult than expected. By Rajesh Kumar Singh, Bloomberg More and more wind farms face delays in India...

Ørsted bets hydrogen + offshore wind will be key to meeting climate goals

By Will Mathis, Bloomberg One of the world’s biggest developers of offshore wind farms thinks its massive turbines could be key to the production of hydrogen in a greener way and ultimately, stemming climate change. Over the...
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GM, LG Chem to build $2.3B battery plant in Ohio

By David Welch, Bloomberg General Motors Co. and its battery partner, South Korea’s LG Chem Ltd., said they will jointly invest $2.3 billion in a new electric-vehicle battery plant to be built in Lordstown, Ohio, the...
Rendering of a geothermal system that uses hot rocks buried deeply in the earth to make energy. Credit: UT Austin

New initiative positions Texas as geothermal energy leader

Drilling technically complex, high-temperature and high-pressure wells is a core strength of the oil and gas industry. Let’s use all of that learning and expertise to drill for heat — tapping a vast CO2-free, clean energy source.
A three-dimensional representation of the SpiderFLOAT platform is pictured above. The SpiderFLOAT system aims to reduce the cost of energy to 7.5 ¢/kWh, combining SpiderFLOAT's scalable offshore floating wind substructure with a 10-megawatt reference turbine. Graphic from NREL

Innovative deep-water offshore wind system, SpiderFLOAT, takes step toward commercialization

Deep-water offshore wind installations located in ocean depths greater than 60 meters could supply more than 1,200 gigawatts of energy-generating capacity to the electric grid. But despite this resource potential, relatively high capital expenditures...

South African firm to study building 360-MW Ugandan hydropower plant

The Electricity Regulatory Authority (ERA) in Uganda has lifted its objections to a South African firm conducting a study for a 360-MW hydropower plant at Murchison Falls. According to the tourism ministry, Uganda will approve the feasibility...

Solar may not get relief from Trump’s tariffs soon after all

By Brian Eckhouse, Bloomberg The solar industry may not catch the break from U.S. import tariffs that it was counting on next year. The duties imposed by the Trump administration last year currently stand at 25% and were scheduled...

Shell Energy signs solar PPA for energy produced by EDF California project

EDF Renewables North America and Shell Energy North America have signed a 15-year power purchase agreement for 132 MW of solar output in Riverside County, California. The Maverick 7 project is part of the Palen Solar site...

BlackRock raises $1 billion for clean power as wind, solar boom

By Brian Eckhouse, Bloomberg Here’s the latest indicator of how hungry investors are to profit from clean energy: BlackRock just raised $1 billion for wind, solar and battery-storage projects. The world’s largest money manager received initial commitments...