A new “No Wind Turbines” campaign is growing on the plains of eastern Colorado. It’s against NextEra Energy’s proposed third phase of a series of wind turbines that dot the land east of Colorado Springs. The turbines would represent a growth of the wind farm that was developed nine years ago. But residents …
** Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources. Exxon delivered a $2.14 per share profit that beat analysts’ estimates on oil production and pricing gains that offset refining weakness. ** A U.S. circuit …
** Bipartisan legislation aimed at speeding up approvals for new energy projects advanced to the full Senate Wednesday. The legislation, put forward by Sens. Joe Manchin (I-W.Va.) and John Barrasso (R-Wyo.), sailed through committee in a 15-4 vote. The lawmakers who opposed the legislation were Sens. Ron Wyden (D-Ore.), Bernie Sanders (I-Vt.), Mazie Hirono (D-Hawaii) and Josh Hawley (R-Mo.), reported The Hill. ** Refiner HF …
ALLETE, Inc., the Minnesota-based company with major wind farms in Oklahoma suffered a significant drop in earnings in the second quarter. Forced outages at the company’s two wind farms in Oklahoma played a role in the decline. Earnings were 57 cents a share on net income of $33 million compared to 90 cents …
** Power prices on the biggest US power grid are about to hit a record-high amid a wave of plant retirements and surging demand, thanks in part to new data centers being built. Generators that provide electricity to the 13-state grid that stretches from New Jersey to Illinois will get a record $269.92 per megawatt-day …
** Financially troubled Stellantis might kill some of its underperforming EV brands. It’s what CEO Carlos Tavares said in response to the company’s latest earnings report which showed a net profit drop of 48%. ** Banks including Citigroup Inc. have downgraded their growth forecasts for Asia’s biggest economy, while export prices of US oil heading to …
** ArcLight Capital Partners, a major private equity buyer of power assets, launched a new unit with initial capital of $500 million to acquire and upgrade wind and solar projects that will help meet surging electricity demand from data centers. The investment vehicle, SkyVest Renewables, made its debut deal with the purchase of a 160-megawatt …
The horizon broken by dozens and dozens of wind turbines is a common sight throughout Oklahoma, but in some states, it remains a rarity as the wind industry becomes a larger and growing source of renewable power in the U.S. Mississippi is an example as the state’s first utility-scale wind project, a 184.5 …
** The amount of electricity produced by wind power in the US plummeted to a 33-month low on Monday (22 July), with natural gas-fired power plants having to increase production to make up for the shortfall and keep air conditioners running. ** Goldman Sachs said that whoever wins the U.S. presidential election in November will …
NextEra Energy, the renewable energy company with wind farms in Oklahoma, recorded lower revenue in its renewables and electric utility businesses during the second quarter. But the drop wasn’t enough to take the wind out of the company’s economic sails. The company, in the midst of a fight with residents in Enid where it …
