With a proposed ~$4 billion investment in wind generation starting now, Xcel Energy wants to make wind 35% of its total energy mix by 2021 Xcel Energy (ticker: XEL) announced what it called the largest multi-state investment in wind capacity in the country—$3.5-$4.4 billion worth. This week the company said it has proposed 11 new wind farms in seven states,
From POWER Magazine North Carolina Amazon’s latest wind farm in coastal North Carolina has completed construction and is weeks from beginning operations—and state legislators have just asked the incoming Trump administration to shut it down. The $400 million, 208-MW, 104-turbine project, built by Apex Renewables near Elizabeth City and backed by financing from Iberdrola Renewables, is supposed to power Amazon’s
DONG says oil & gas segment is “not considered a long-term strategic commitment” – DONG engages J.P. Morgan to conduct a market assessment Denmark-based wind energy developer DONG Energy (ticker: DENERG) successfully launched Europe’s biggest 2016 IPO in June. Besides its robust offshore wind development business in Europe, bioenergy, thermal power and energy distribution segments, the company runs a healthy oil and gas business.
From Power Magazine The Minnesota Public Utilities Commission (MPUC) voted unanimously to support Xcel Energy’s latest long-range plan, which will transform the company’s energy fleet. Xcel expects to more than double its renewable energy portfolio as a result, delivering greater than 60% carbon-free energy to its Upper Midwest (Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin) customers by 2030. The
The Accelerating Growth of Wind and Solar Energy is Being Driven by Government Climate Policies, Global Corporations Thrusting Themselves onto the Green Bandwagon, Fervent Activism Against Fossil Fuels, a Carbon Concerned Millennial Generation that is Willing to Pay More for Renewable Energy, and for Some Large Electricity Buyers–Attractive Economics Last week, Oil & Gas 360® published an exclusive interview with Martin Keller, Director of
If Martin Keller’s prediction comes true, in 50 years the U.S. won’t be using nearly the amount of crude oil, refined petroleum products, natural gas or coal as the legacy energy industry has been supplying for the past 100 years – Part One The National Renewable Energy Laboratory, or NREL, is a place you might label as the federal government’s
CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Enbridge Inc. (TSX:ENB)(NYSE:ENB) (the “Company”) today announced it has agreed to acquire a 50% interest in Éolien Maritime France SAS (“EMF”), a French offshore wind development company, for an investment of CAD$282 million inclusive of transaction costs and past and future pre-Final Investment Decision (“FID”) development costs. EMF will be co-owned with EDF
Wind v. natural gas. Is it a race? To create electricity you need fuel. So you have to harvest naturally occurring resources—either the ones that exist above ground or the ones that exist underground. The underground resources—the legacy ‘go-to’ fuels that generate the U.S.’s cheap baseload electricity are coal, natural gas and uranium. The three fuels are responsible for about
88,000 Wind Jobs and Hiring It may not be anywhere close to the size of the oil and gas industry, but the wind industry has been on a hiring binge of late. The wind sector supported 88,000 jobs at the start of 2016, according to the U.S. Wind Industry Annual Market Report Year Ending 2015, from the American Wind Energy Association (AWEA)
Norwegian E&P Hopes to Make Wind Profitable When oil major Statoil (ticker: STO; StatOil.com) acquired Brigham Exploration in 2011, the Norwegian company became a major operator in the Williston basin, with approximately 330,000 net acres in the play and an extensive gathering system including three operating oil facilities, seven operating saltwater disposal facilities, approximately 700 miles of pipeline and ten
The United States technological revolution has made rock stars out of flashy, emerging new plays like the Bakken, Niobrara and Utica. And everybody wants to get in on the next hot area. Oklahoma, on the other hand, is old school. It’s a model of consistency when it comes to United States energy development. The Sooner State has always been among
The Australian government will no longer allow the Clean Energy Finance Corporation to invest in wind Australia’s Clean Energy Finance Corporation (CEFC) received a directive from the Australian government to stop investing in future wind power projects. Australian Prime Minister Tony Abbott said the decision was made in hopes of refocusing the CEFC on developing new technologies, rather than supporting
