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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.

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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

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Amid Depressed Power Demand, Duke Sticks to Plan to Double Renewables Base

GreenTechMedia

Duke Energy is standing behind its plan to double its renewable energy base to 16 gigawatts by 2025 despite the depressing effect the coronavirus outbreak is having on its utilities. The utility group's plan to double its current 8 gigawatt fleet of renewables by 2025 is a big part of meeting those goals.

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Dominion Targets 24GW of Renewables and Storage in Move Toward Virginia’s Clean Energy Goals

GreenTechMedia

Utility Dominion Energy is planning a major shift toward renewable energy and batteries as it looks to comply with Virginia's ambitious new clean energy law. Under the law, Dominion Virginia and the smaller Appalachian Power Co. Retreat from natural gas not enough for environmental advocates.

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

38 North Solutions

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. For round two, the Treasury Department is making $6 billion available, with $2.5 billion set aside for projects in energy communities.

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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.

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? 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. Escondida's output in 2025 is anticipated to be at least 5% lower than current levels. The law that would mandate more supply chain monitoring and emissions tracking.