Credit to Author: Darrell Proctor| Date: Mon, 10 Jun 2024 17:59:30 +0000
Global energy company GE Vernova and Seatrium Limited, a Singaporean state-owned group, said their consortium has been awarded a third contract by Dutch transmission system operator TenneT for construction of […]
The post GE Vernova, Seatrium Will Build HVDC System for TenneT’s Dutch Offshore Grid Project appeared first on POWER Magazine.
Credit to Author: Contributed Content| Date: Tue, 04 Jun 2024 18:18:08 +0000
Equinor on June 4 announced its has finalized an agreement with New York State Energy Research and Development Authority (NYSERDA) for the renewable power generated by the 810-MW Empire Wind […]
The post Equinor Announces Offtake Deal for New York Offshore Wind Project appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Wed, 29 May 2024 13:43:35 +0000
Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about […]
The post Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Wed, 08 May 2024 14:19:38 +0000
Siemens Energy announced an overhaul of its struggling wind power division on May 8, unveiling plans for a new CEO for its wind turbine business and also saying job cuts […]
The post Siemens Gamesa Changes CEO, Announces Job Cuts as Part of New Focus appeared first on POWER Magazine.
Credit to Author: Contributed Content| Date: Tue, 30 Apr 2024 13:44:23 +0000
The U.S. government offers certain benefits to renewable energy projects, primarily in the form of tax credits and depreciation. But the reality is that a growing number of tax-equity partnerships […]
The post Planning for ‘Flip Dates’ in Tax Equity Partnerships appeared first on POWER Magazine.
Credit to Author: Sonal Patel| Date: Thu, 25 Apr 2024 11:14:09 +0000
The Biden administration has unveiled several sweeping actions over the past month aimed at boosting clean energy deployment, enhancing manufacturing jobs, and reducing pollutant emissions across the power sector. The […]
The post Federal U.S. Power Sector Initiatives Went Full Throttle in April: Here’s the List appeared first on POWER Magazine.
Credit to Author: Terence Healey| Date: Wed, 17 Apr 2024 12:48:38 +0000
In a time where capacity revenues are pricing lower and many generation owners find that their facilities are not being dispatched for energy on a consistent basis, reliable revenue streams […]
The post FERC Proposal Would Cut Reactive Power Compensation, a Potential Hit to Independent Power Producer’s Revenue Mix appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Tue, 16 Apr 2024 16:43:04 +0000
A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a 50% increase from the […]
The post Group Says Record 117 GW of New Wind Power Generation Installed in 2023 appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Mon, 15 Apr 2024 17:28:44 +0000
The largest electric power company in Japan announced the spinoff of a new global renewable energy business, and said the venture would be headquartered in London in the UK. JERA, […]
The post Japan Energy Giant Launches UK-Headquartered Renewable Energy Group appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Mon, 18 Mar 2024 17:59:46 +0000
The U.S. Bureau of Ocean Energy Management (BOEM) has completed its designation of an offshore wind energy area in the Gulf of Maine. The BOEM, in a notice published in […]
The post Offshore Wind Area Detailed for Gulf of Maine; New York Project Delivering Power appeared first on POWER Magazine.
