** Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major’s second-quarter earnings. The oil major would be reporting its first earnings after closing the acquisition of Pioneer Natural Resources for $60 billion, with the combined operations making it the largest oil producer in the Permian basin. ** …
Category: Solar Energy in Oklahoma
Tax credits to be used for western Oklahoma solar power project
A new development has occurred in the first solar power contract for the Oklahoma Municipal Power Authority. The North Fork Solar Solar Project under development by Recurrent Energy, a subsidiary of Canadian Solar, in western Oklahoma’s Kiowa County, will use $103 million in tax credits. Recurrent recently signed the agreement with Bank of America, …
Growing opposition to wind and solar farms and EVs
A new study finds waning support for renewable energy and EVs. The findings are from the Pew Research Center which concluded the support is slipping because Republicans are not enthusiastic about electric vehicles. Bloomberg News reported four years ago, there was 90% support for solar farms, but it has dropped to 78%. Wind farm support fell …
Energy briefs
** BP has put all new offshore wind projects on pause as the oil company’s new chief executive seeks to focus more heavily on fossil fuels. Murray Auchincloss, who became permanent head of the business at the start of the year, has also frozen hiring in the offshore wind division. ** California lawmakers advance legislation that would …
Tulsa to be site of Norwegian firm’s first-ever solar wafer plant in the U.S.
Solar manufacturing is coming to Tulsa in a big way—$620 million worth. NorSun, a Norwegian solar energy company that manufactures monocrystalline silicon wafers for the global solar energy industry, announced this week plans to build a plant at the Tulsa International Airport. Governor Kevin Stitt made the announcement this week that the firm …
Energy briefs
** Here’s where more of your money is going. The Biden administration announced Wednesday $375 million in funding for renewable energy projects, predominantly through the Inflation Reduction Act (IRA). The funding, announced by Agriculture Secretary Tom Vilsack, includes $275 million through the Powering Affordable Clean Energy (PACE) program, an IRA program devoted to renewable electrification in rural …
Energy briefs
** The Supreme Court as soon as this week could rule to curb the power of federal agencies — including those with the power to protect the environment. As the Supreme Court’s term winds down, a legal doctrine called Chevron deference hangs in the balance. ** A sensor on the railroad tracks running through the town of East …
Energy briefs
** Flooding on the Blue Earth River in Minnesota breached the Rapidan Dam Monday morning and it’s now in an “imminent failure condition,” officials said. Le Sueur County residents in low-lying areas of the Minnesota River Valley are advised to closely monitor the situation and potentially evacuate, according to the county’s emergency management office. ** US West …
Energy briefs
** A nonprofit backed by Chris Hohn, the billionaire money manager behind TCI Fund Management, says climate investors need to move into the highest-emitting sectors if they’re to effectively bring about a low-carbon energy transition. ** North Dakota officials approve a $32 million loan for a processing facility that will convert natural gas into liquid hydrocarbon products. …
NextEra and Entergy reach agreement for more solar power in Arkansas and 3 other states
Entergy and NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. (NYSE: NEE), announced a joint development agreement that will accelerate the development of up to 4.5 gigawatts (GW) of new solar generation and energy storage projects. The agreement represents significant progress toward Entergy’s growing portfolio of renewable generation. “We’re excited …