renewable energy industry News

EU Cautions Against Trade Measures to Support Solar Sector

The European Union needs to take into account its ambitious targets for solar power deployment before it considers any measures to curb imports of photovoltaic panels, wafers and other components, a senior EU official said on Monday. European Commissioner Mairead …

Texas Cities Struggle to Quit Coal Power as Demand Rises and Market Incentives Favor Fossil Fuels

Two dates in recent memory have shaped the uncertain future of the Fayette Power Project, a coal-fired power plant near La Grange. First, on March 26, 2020, the Austin City Council approved an emissions-reduction plan that called for its city-owned …

kWh Analytics Reveals Top Challenges in Solar Industry Risk Management

Demand isn’t an issue for the solar industry. The challenges lie with fulfilling demand with more skilled labor, more technology, and more sites. While the Inflation Reduction Act (IRA), a freeze of potential tariffs, and more robust supply chains have …

Louisiana Lost $82M of Natural Gas Due to Leaks, Report Says

NEW ORLEANS (AP) – Louisiana lost more than $82 million worth of natural gas in 2019 due to leaks, venting or flaring at production sites, according to a study released Thursday by an environmental group and government watchdog organizations. The …

Why Insurance Claims in Renewable Energy Industry Are Rising

The frequency and severity of insurance claims in the U.S. renewable energy market have significantly increased over the last five years, meaning insurers and asset owners must reset their benchmark for renewable energy risks, according to an insurer that specializes …

North Carolina-Based Duke Energy to Turn Pig Poop Into Power

Duke Energy Corp. announced plans to expand its renewable energy from livestock waste, adding poop power to investments the country’s largest electric company has made in whirring wind turbines and acres of solar arrays. The Charlotte-based utility said it contracted …

Insurance Bill for Renewable Energy Seen Tripling to $2.8 Billion

Insurance costs for the renewable energy industry may more than triple to $2.8 billion by 2020 as projects become more complex and risky, a report commissioned by Swiss Re Ltd. found. The report by Bloomberg New Energy Finance examined markets …