US utility Duke Energy plans to invest US$40 billion in zero-carbon power generation as part of its US$145 billion capital investment plan for the next ten years.
Global energy company AES added more than 2GW of renewables and energy storage to its portfolio last year as the business formally confirmed its intent to exit coal generation by 2025.
US utility Duke Energy has committed to exiting coal by 2035 in what it said was “the largest planned coal fleet retirement in the industry” as it also released its financial results for Q4 2021 that outline a US$63 billion five-year capex plan.
