article thumbnail

Renewables are 87% of new U.S. generating capacity so far this year

Renewable Energy World

available installed generating capacity – a share significantly greater than that of coal (18.88%) and more than three times that of nuclear power (8.32%). by September 2024). Renewables now provide more than a quarter (25.39%) of total U.S. By comparison, a year ago, renewables’ share was only 23.28%. respectively.

article thumbnail

New Jersey’s PSEG Seeks to Sell Merchant Fossil, Solar Fleet

GreenTechMedia

New Jersey utility Public Service Enterprise Group (PSEG), facing state clean energy mandates and an economic imperative to shift its business to regulated assets, is seeking to exit its merchant fossil and solar generation business, while retaining its nuclear power plants and exploring a major expansion into offshore wind.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fresh U.K. Proposals Chase More Nuclear and Higher Carbon Prices

GreenTechMedia

government’s long-awaited energy white paper is out with confirmation of fresh negotiations with EDF over a new nuclear power station and a drive to push up the price of carbon. Those ideas now begin their journey into law, offering the energy sector some welcome certainty at the same time. The £12 billion ($16.1

Carbon 130
article thumbnail

Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

On April 29, 2024, the U.S. Expired since 2013, the law provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated projects located in energy communities. Treasury announced the second round of the 48C tax credit for clean energy manufacturing.

Energy 64
article thumbnail

ComEd’s Favorable Regulatory Treatment for Grid Investments Comes Under Fire

GreenTechMedia

For the past nine years, Chicago-based utility ComEd has earned excessive profits from a regulatory structure set in place by a 2011 state law whose passage has been linked to a bribery scandal that’s embroiled key state lawmakers and ComEd’s former CEO.

article thumbnail

? Copper’s the new gold rush #184

Climate Tech VC

Additionally, Anglo American, a key copper producer, plans to reduce its output in 2024 and 2025 to decrease costs. The law that would mandate more supply chain monitoring and emissions tracking.  Last November, production at Cobre Panamá, a major copper mine, was stopped due to a court ruling and environmental protests.

article thumbnail

Global Briefing: EU set to push for more stretching 2030 climate target

Business Green

The move - which would form part of the EU's proposed new climate law to deliver net zero emissions by 2050 across the continent - marks a significant jump from the existing 2030 goal to reduce greenhouse gases by 40 per cent, and would need approval by a majority of the 27 EU Member States as well as the European Parliament to come into force.