** Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. ** Hawaii shut down its last coal plant on September 1, 2022, eliminating 180 megawatts of fossil-fueled baseload power from the …
Category: Wind Energy
GE spinoff to produce turbines for New Mexico’s SunZia wind project
Construction started in New Mexico on what is described as the largest wind project in the Western Hemisphere that will transfer electrical power from the state to Arizona. At the same time, GE Vernova, a business to be spun off by General Electric, said it will build hundreds of turbines for Pattern Energy’s SunZia …
Energy quick reads
** US oil and gas production is booming, but policies being imposed now could jeopardize the country’s energy might, the industry’s top trade group is warning Washington. That sobering outlook is being delivered by the American Petroleum Institute as it holds an annual gathering in the nation’s capital Wednesday to highlight top policy priorities, amid …
Osage Nation to seek compensatory damages after winning lawsuit against Enel Green Energy
(Credit: Osage News) Enel Green Energy hasn’t seen the last of the Osage Nation, after losing a court case which could force the company to dismantle the wind turbines built nearly a decade ago in Osage County. Environmental reporter Robert Bryce, who promotes the “Power Hungry Podcast,” is reporting the Osage Nation intends to seek millions …
Energy quick reads
** The American oil industry is on high alert for an escalation of the violence in the Middle East that disrupts the flow of oil out of the region. Mike Sommers, CEO of the American Petroleum Institute, worries there is a growing chance the crisis will intensify and derail oil supplies. ** A low-carbon $1 billion ammonia …
Energy quick reads
** Exxon Mobil Corp. warned investors of a $2.5 billion write down of the value of some California operations. ** The U.S. environmental regulatory agency will hold a hearing this week on whether to approve California’s plan to require all new vehicles sold in the state by 2035 to be electric or plug-in electric hybrids. …
Energy quick reads
** Offshore wind turbines at two commercial-scale sites are now sending power to the U.S. grid. Moments before midnight on Tuesday, a single turbine near Martha’s Vineyard delivered 5 megawatts of renewable energy to the New England grid, developers said. ** APA Corp. agreed to acquire Permian Basin shale explorer Callon Petroleum Co. for $2.6 billion, the latest in …
Energy quick reads
** US auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers. ** General Motors said it will make sure its new electric vehicles remain price competitive even as new rules from U.S. Treasury disqualify some of the carmakers’ electric vehicles for the …
Energy quick reads
** The Biden administration approved Louisiana’s bid to take the lead role in vetting and overseeing carbon dioxide storage wells in the state, a blow to environmentalists and some local residents who battled the plan. ** NextEra Energy Partners, LP NEP completed the previously announced sale of its Texas natural gas pipeline portfolio for $1.815 billion …
Energy quick reads
** PNM Resources, Inc.PNM and American Electric Power AEP announced an agreement to sell their 50% ownership interest each in renewable joint venture New Mexico Renewable Development, LLC (“NMRD”) to Exus North America Holdings. This agreement is worth approximately $230 million, subject to true-up adjustments at close. ** Two U.S. senators have written to Elon Musk, Tesla’s top executive, …