The US Department of the Treasury has revealed how new renewable tax incentives will be paid for by a tax raid on the fossil fuel industry, eliminating subsidies for oil and gas companies.
As part of a strategy that includes retiring coal-fired power plants by 2040 and reaching net zero carbon emissions from electricity generation by 2050, utility company Alliant Energy has published its ‘Clean Energy Blueprint for Iowa’.
An increasing number of banks are turning away from fossil fuels and towards renewable energy financing. As Catherine Early reports, despite the chilling effect of the coronavirus pandemic on the industry, hopes are high that a tipping point is nearing.
Fossil fuel exposure lands energy majors in trouble with one-trillion-dollar GPFG, who is boycotting coal-heavy firms as part of climate shift that will see it back unlisted renewables.
Confirmed record-breaking at 6:10am of Tuesday 28 April was made possible by a combination of high levels of solar on the grid and lower-than-usual demand.
A large tranche of utility-scale solar – and storage – projects in Hawaii has been approved by the state’s Public Utilities Commission (PUC), each quoting a cost per kilowatt hour of US$0.10 or under.
Shell has signed an agreement to acquire a 43.83% interest stake in US solar developer Silicon Ranch Corporation from investment manager Partners Group for US$193-217 million.
