Wind energy grew in capacity by 8% last year and is now able to provide power to 30 million American homes.
The investment follows CleanCapital and BlackRock’s purchase of a 46.9-megawatt portfolio of U.S. solar power from a unit of ATN International Inc. last year.
The capacity is the same as 100 million IPhone batteries and will power 329,000 homes for two hours.
Permian operators are adopting solar energy as a new means to power wells throughout the basin.
South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on April 19, over four times the current amount.
The total capital investment of the Project is over $150 million, and there will be up to 250 people employed at the site during the height of construction activity.
Renewable energy growth is estimated at an annual average rate of 11% between 2015 and 2035, with growth in wind and solar capacity up nine-fold from seven percent of total power supply today to nearly 40% by 2040, energy consultancy Wood Mackenzie estimates.
Brazilian energy company Vila Energia Renovável said on April 16 it sold 90% of wind power complex Terra Santa to France’s Total.
Despite bipartisan support, the bill is likely to face strong opposition, judging by recent measures floated by other legislators.
Although France has 15,100 MW of onshore wind capacity as it races to increase the share of renewables in its energy mix, offshore wind generation is still to take off with no single turbine on its coastline connected to the grid.
The project is expected to result in wholesale electricity price reductions and also enhance reliability and fuel security within Maine and the ISO-New England region.
The funding program stems from the findings of an interagency task force established in April 2017 to identify regulatory and policy changes to support agriculture in rural communities.
Norway’s energy giant Equinor sees good potential for building floating offshore wind parks in Greece as long as the country adopts a regulatory framework for the technology.
Renvico, founded in 2015 when Macquarie bought the green energy business of Italy's Sorgenia Group, manages wind farms in Italy and France with a total capacity of around 334 megawatts.