DIRS.INFO The most relevant business & tech news

The boost to formal ties could bring billions of dollars of new private investment and some public funds to Vietnam's semiconductor industry. But industry officials, analysts and investors said that the small pool of trained experts will be a crucial hurdle for the rapid development of the chip industry. There's also a risk of inadequate supply of trained chips software engineers, said Hung Nguyen, senior program manager on supply chains at RMIT University Vietnam. The White House has not specified which segments of the chips industry in Vietnam will be prioritised, but U.S. industry executives have indicated that the back-end is a key growth sector. More private investment could come, especially if a significant share of the $500 million available under the U.S. CHIPS Act for global semiconductor supply chains ends up in Vietnam.

Persons: Joe Biden, Kevin Lamarque, Biden, Thanh, There's, Hung Nguyen, CHINA'S, Amkor, Janet Yellen, Hung, Francesco Guarascio, Steve Holland, Trevor Hunnicutt, Khanh Vu, Phuong, Muralikumar Organizations: U.S . Army, White, REUTERS, Companies, ASEAN Business Council, RMIT University Vietnam, Boston Consulting Group, Reuters, Intel, U.S . Treasury, Marvell, Thomson Locations: Vietnam, Washington , U.S, Hanoi, Washington, Vietnam Vietnam, HANOI, U.S, China, United States, Taiwan, Beijing, The U.S, Malaysia, India, Europe, Phuong Nguyen

☆ Barclays says buy this under-the-radar clean energy stock set to grow revenue 40%
▼ + stars: | 2023-08-30 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Fluence Energy could be a winner in the renewable energy transition, according to Barclays. Fluence Energy provides "energy storage technology solutions, delivering hardware along with advanced tech/AI-powered services to optimize the storage assets — either from a revenue-generating perspective and/or an O & M standpoint," Cho said in a Wednesday note. "Given the rapid expected buildout of renewables and the intermittency issues inherent in wind and solar projects, energy storage will be a key piece in the energy transition." The firm expects Fluence Energy to increase its revenue at a 46% compound annual growth rate between 2022 and 2025, which is double the firm's expectations for utility-scale solar companies. Cho also initiated energy storage network provider Stem with an equal-weight rating and $6 price target, which implies a 10.3% upside from Tuesday's close.

Persons: Christine Cho, Cho, — CNBC's Michael Bloom Organizations: Energy, Barclays, Fluence Energy, FLNC's Services Locations: 1H24

☆ Op-ed: Why the world needs more oil, not less
▼ + stars: | 2023-08-30 | by ( His Excellency Haitham Al Ghais | Opec Secretary General | ) www.cnbc.com time to read: +3 min

If oil vanished today, these and many other vital products and services that use oil or its derivatives would vanish too. The World Energy Report for 2022, published by the UK-based Energy Institute and consulting firms KPMG and Kearney, noted that fossil fuels constituted 82% of global energy in 2022. This is comparable to OPEC's latest world oil outlook and represents a similar level to 30 years ago. The bottom line is that it is possible to invest heavily in renewables while continuing to produce the oil the world needs today and in the coming decades. Similarly, in the EU, vehicles using petrol or diesel still accounted for around half of all car sales in 2022.

Persons: BEV, BEVS Organizations: Transportation, Energy, Energy Institute, KPMG, Kearney, Toyota Prius, U.S . National Automobile Dealers Association, EU Locations: U.S, China, Paris

☆ First US offshore wind auction in Gulf of Mexico attracts paltry interest
▼ + stars: | 2023-08-29 | by ( Nichola Groom | ) www.reuters.com time to read: +4 min

RWE is among the world's largest offshore wind developers, with an extensive portfolio in Europe, and has also secured leases off the coasts of California and New York. The Southeast also has low power prices that could make it harder for higher-cost offshore wind generation to compete for electricity contracts. Texas does not have an offshore wind target. "Today's auction results show the important role state public policy plays in offshore wind market development," Liz Burdock, CEO of the Business Network for Offshore Wind, said in a statement. They included offshore wind development arms of European energy companies Equinor (EQNR.OL) and Shell (SHEL.L), who also have oil and gas operations in the Gulf.

Persons: Karen, Steve Nesius, Biden administration's, Germany's, RWE, Liz Burdock, Joe Biden's, ”, Elizabeth Klein, Nichola, Marguerita Choy, Nick Zieminski Organizations: REUTERS, ASA, Texas, U.S . Bureau of Ocean Energy Management, Carolinas, Business Network, Offshore, of Ocean Energy Management, Shell, . Developers, Thomson Locations: Dauphin Island , Alabama, Gulf of Mexico, Louisiana, New York, New Jersey, California, Europe, U.S, Gulf, Mexico, Texas, of Mexico

☆ Goldman sees 'significant investment potential' in green bonds. Here's how to invest in them
▼ + stars: | 2023-08-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Investors searching for yield and a way to make a positive impact on the environment may want to consider green bonds. BGRN 1Y mountain iShares USD Green Bond ETF 1-year performance Green bonds are considered part of the growing asset class known as GSS+: green, social, sustainability, sustainability-linked and transition bonds, according to Morningstar. What sets green bonds apart Green bonds tend to have longer durations than their general counterparts. The firm's parent company, TIAA, invests in green bonds through its TIAA-CREF Green Bond Fund (TGROX) . "The U.S. plays an important role in the green bond market, without any doubt.

Persons: Kay Haigh, Management's, Green, Morningstar, they've, Shannon Kirwin, Bram Bos, Stephen Liberatore, Liberatore, It's, Goldman's Bos, Bos Organizations: Green Bond, Goldman, Morningstar, Goldman Sachs Asset Management, Green Bond Fund, Federal, Treasury Locations: Goldman Sachs, Nuveen, U.S, Europe

Total demand met hit a record 140 billion kilowatt-hours (kWh) in June, up from 134 billion kWh in June 2022. Chartbook: India's electricity systemGrid controllers have been able to call on much more generation from renewable sources and improved availability of fossil-fuel units. Generation from wind farms increased by 1.5 billion kWh (+16%) while solar output was up by 1.1 billion kWh (+14%) compared with the same month in 2022. Other generation, mostly from coal-fired units, also increased by 3.3 billion kWh (+3%) owing to improved fuel availability. Related columns:- India to extend time-of-use electricity tariffs (June 27, 2023)- India’s electricity supply improves in cooler pre-monsoon (May 26, 2023)- India’s grid strained by burgeoning power demand (March 29, 2023)- India’s low coal stocks threaten electricity supply (January 27, 2023)John Kemp is a Reuters market analyst.

Persons: India's, Sunil Kataria, John Kemp, Susan Fenton Organizations: REUTERS, Grid Controller, Thomson, Reuters Locations: Modhera, Gujarat, India

SYDNEY, Aug 24 (Reuters) - Australia's Trade Minister Don Farrell has dangled easier access to the country's vast critical minerals sector as part of negotiations over a free trade agreement with the European Union ahead of possible further talks as soon as next week. Farrell told Reuters in an interview on Thursday that a free trade agreement would simplify European investment in the country's burgeoning critical minerals sector, in part by smoothing access through mandatory Foreign Investment Review Board (FIRB) screening. "One of the big advantages we've got in this relationship is our access to critical minerals, rare earths, hydrogen and ammonia," Farrell said. "Other countries are looking to invest in our critical minerals and other renewables. Australia was an especially attractive place for critical minerals investment from the United States under U.S. Inflation Reduction Act rules because it was one of the few countries to have both mineral deposits and a free trade agreement with the U.S., said Farrell.

Persons: Don Farrell, Farrell, China, we've, they've, Annalena Baerbock, teleconference, Dombrovskis, Lewis Jackson, Kirsty Needham, Michael Perry Organizations: SYDNEY, Australia's Trade, European Union, Reuters, Investment, Board, Foreign, U.S, EU, Trade, Thomson Locations: Australia, Germany, China, Sydney, Europe, Japan, South Korea, Singapore, United States

☆ Column: US power system gets gasier, but not much cleaner, in 2023
▼ + stars: | 2023-08-23 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Total power generation across the lower 48 states through Aug. 20, 2023 declined by 2.1% from the same period in 2022, data compiled by Refinitiv shows. All major U.S. power markets increased electricity generation from natural gas in Jan-Aug 2023 from the same period in 2022, and cut generation from coal. Output from clean power sources, including renewables and hydro, increased by 12%, despite drops in output from biomass and wind power sources, and a decline in imports from neighbouring states. Clean power sources accounted for a 57.4% share of the CAISO generation mix, up from 50.7% in January through Aug. 20 in 2022. THE NORTHWEST & THE RESTThe Pacific Northwest of the United States had the steepest decline in clean power generation of all the major power markets in the country.

Persons: Carlos Barria, Gavin Maguire, Sonali Paul Organizations: REUTERS, Electric, of Texas, Reuters, Thomson Locations: Mountain View , California, U.S, LITTLETON , Colorado, Jan, National, TEXAS, Texas, CALIFORNIA, California, United States

☆ The world's largest floating wind farm is now officially open — and helping to power North Sea oil operations
▼ + stars: | 2023-08-23 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

Floating offshore wind turbines are different from fixed-bottom offshore wind turbines, which are rooted to the seabed. One advantage of floating turbines is that they can be installed in far deeper waters than fixed-bottom ones. In recent years a range of companies and major economies like the U.S. have laid out goals to ramp up floating wind installations. Alongside Equinor, partners in the Hywind Tampen project include Vår Energi, INPEX Idemitsu, Petoro, Wintershall Dea and OMV. Back in 2017, it started operations at Hywind Scotland, a five-turbine, 30 MW facility it calls the planet's first floating wind farm.

Persons: Equinor, Tampen, Crown Prince Haakon of Norway, INPEX, Wintershall, Equinor's Siri Kindem, General, Antonio Guterres Organizations: United Nations Locations: Norwegian, Norway, OMV, Hywind Scotland, North, Sharm el, Sheikh, Egypt

☆ A couple bought an abandoned farm in Portugal for $103,000 and turned it into an off-the-grid homestead where they're raising 2 small kids — see how they did it
▼ + stars: | 2023-08-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +15 min

A couple moved from the UK to Portugal to live on an abandoned farm they bought for $103,000. The couple moved from the UK to Portugal to restore and live on an abandoned farm. The couple fell in love with the second property they viewed — an abandoned farm set on three acres of land. The couple — who were living and traveling around in a van at that time — bought the farm for 95,000 euros, or about $103,000. The Newbys have been documenting every step of their Portuguese farm renovation on their YouTube channel.

Persons: Tara Newby, They've, Tara, —, Sawyer, John, we've, Portugal's, John said, who've, they've, you'll, We've Organizations: Service, YouTube, Google Locations: Portugal, Wall, Silicon, Lisbon, England, Bristol, Zimbabwe, Tanzania, Antarctica, Europe

☆ Analysis-Lithium buyers eye cheaper early-stage deals in Australia
▼ + stars: | 2023-08-22 | by ( Melanie Burton | Scott Murdoch | ) www.reuters.com time to read: +6 min

So I think there’s going to be some opportunistic acquisitions.”There is already evidence of frenzied deal activity involving pre-producing companies. Develop Global, a base metals explorer backed by diversified miner Mineral Resources, last month proposed to acquire lithium developer Essential Metals for A$152.6 million ($97.98 million). “Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, ”, Kaan, “, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan’s Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, ” Dale Henderson Organizations: MELBOURNE, REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, ”, Rio Tinto, Patriot Metals, Canada, Reuters Locations: Albemarle Chile, Chile, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Rio, Canada, Quebec

☆ Is nuclear energy the answer to a sustainable future? Experts are divided
▼ + stars: | 2023-08-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

Nuclear power has been touted as a proven, safe way of producing clean energy, but why isn't it more widely adopted? Schroders noted that nuclear power is not only scalable, but much cleaner — emitting just 10-15 grams of CO2 equivalent per kilowatt hour. That's the reason why nations are having a second look at nuclear power, Shellenberger said. A report by global campaigning network Greenpeace in March 2022 was of the position that besides the commonly held concern of nuclear safety, nuclear energy is too expensive and too slow to deploy compared to other renewables. Greenpeace acknowledged that "all in all, nuclear power stations score comparable with wind and solar energy."

Persons: Sean Gallup, Michael Shellenberger, Schroders, Shellenberger, we're, CNBC's, Adam Fleck, hasn't, Fleck Organizations: Getty, Greenpeace, CNBC, Governments, International Energy Agency, Soviet Union Locations: U.S, Ukraine, Fukushima, Japan

[1/2] A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. "It seems like the cheapest way to get lithium units is via the drill bit," said analyst Kaan Peker of RBC in Sydney. "Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, Kaan, ”, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan's Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, Dale Henderson, Melanie Burton, Veronica Brown Organizations: REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, Tinto, Patriot Metals, Canada, Reuters, Thomson Locations: Albemarle Chile, Chile, MELBOURNE, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Canada, Quebec

Alberta, the country's main oil and gas producing province, paused approvals on Aug. 3 of new renewable electricity generation projects over one megawatt until Feb. 29, chilling investment in the fast-growing industry. The pause is necessary to address concerns about renewables' reliability and land use, said a spokesperson for Alberta's utilities minister. A second company has paused design work on its first Alberta project, Dye added. Along with domestic firms, foreign companies like Berkshire Hathaway's (BRKa.N) BHE Canada, EDF Renewables and Enel Green Power generate renewable power in Alberta. The pause directly affects 15 projects in the approvals queue, the government spokesperson said.

Persons: Todd Korol, Danielle Smith, Smith, Justin Trudeau's, Jorden Dye, Dye, Pembina, Grant Arnold, Arnold, BluEarth, Dan Balaban, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: REUTERS, Rights, Justin Trudeau's Liberal, Business Renewables, THE, THE ALBERTA WAY, EDF Renewables, Companies, Pembina Institute, Renewables, U.S . Alberta Utilities Commission, Greengate, Copenhagen Infrastructure Partners, Thomson Locations: Rocky, Pincher Creek, Alberta, Rights WINNIPEG , Manitoba, Canadian, U.S, Calgary, THE ALBERTA, THE ALBERTA WAY Alberta, Berkshire, Canada, Winnipeg , Manitoba, Ottawa

☆ Column: China's shrewd grab for green energy recycling dominance
▼ + stars: | 2023-08-18 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

Wind turbines and solar panels are seen at a wind and solar energy storage and transmission power station from State Grid Corporation of China, in Zhangjiakou of Hebei province, China, March 18, 2016. GLOBAL REACH WITH BACKHAUL POTENTIALChina's recyclers also have strong international supply lines thanks to the country's vast export-oriented manufacturing sector and resulting dominance in global shipping container trade. ECO-FRIENDLY ECOSYSTEMSChina's plan to develop a large scale recycling sector for the renewables industry is in keeping with the country's practice of developing interdependent ecosystems around key industries. The country aims to develop similar strongholds in auto and electronics manufacturing, and may now extend that framework to the renewables energy sector, which Beijing has identified as a key industry for the remainder of this century. For recycling firms based elsewhere that had been planning to scale up their handling of older green energy equipment, the prospect of a government-backed competitor in China may be a cause for concern.

Persons: Jason Lee, recyclers, China's, Gavin Maguire, Jamie Freed Organizations: Grid Corporation of, REUTERS, Reuters, Thomson Locations: Grid Corporation of China, Zhangjiakou, Hebei province, China, LITTLETON , Colorado, United States, Asia, Beijing

☆ 'Unrealistic' global offshore wind expansion target would require $27 billion by 2026, says Wood Mackenzie
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Violeta Santos Moura/File Photo Acquire Licensing RightsCompanies Wood Mackenzie Ltd FollowAug 17 (Reuters) - Government targets to increase wind power installations would see annual capacity additions reach 80 gigawatts (GW) per year by 2030, requiring $100 billion in secured investment in the supply chain by 2026, Wood Mackenzie said in a report. The research and consultancy firm forecast annual capacity is more likely to increase by 30 gigawatts (GW) a year by 2030, which would require $27 billion of secured investment by 2026. "The supply chain is struggling to scale up and will be an impediment to achieving decarbonisation targets if change does not happen," said Chris Seiple, vice chair, power and renewables at Wood Mackenzie. Wood Mackenzie noted that the low profit margins on offshore wind production and uncertainty about project timings resulting in very different supply-chain needs are making it hard to drum up investment in the sector. Target setting and plans for power market infrastructure to support offshore wind need to extend beyond 2030 to scale up the offshore wind supply chain, analysts at Wood Mackenzie said.

Persons: Violeta Santos Moura, Wood Mackenzie, gigawatts, Chris Seiple, Seiple, Anushree Mukherjee, Susan Fenton Organizations: REUTERS, Wood, World Energy, Thomson Locations: Viana, Castelo, Portugal, Wood, Bengaluru

☆ Amazon built a data center empire in northern Virginia. Exclusive filings reveal it's using as much energy as a major city.
▼ + stars: | 2023-08-16 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +16 min

Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.

Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, –, Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE

REUTERS/Thomas Peter/Files Acquire Licensing RightsLONDON, Aug 16 (Reuters) - China's top energy official has called for more secrecy in the country’s energy sector to protect national security in an increasingly hostile international environment. U.S. officials are keen to play down analogies between the intensifying strategic rivalry between China and the United States and the Cold War between the United States and the Soviet Union. The result is likely to be a more suspicious and cautious approach to cooperation on energy issues including emissions reductions. He warned about the increasing information security risks posed by smart phones, social media and hacking. Zhang called for “sober awareness” of these challenges and correct handling of the relationship between energy supply and energy security.

Persons: Thomas Peter, ” Zhang Jianhua, Zhang, Xi Jinping, John Kemp, Tomasz Janowski Organizations: REUTERS, National Energy Administration, Energy, Thomson, Reuters Locations: Wu'an, Hebei province, China, United States, Soviet Union, Ukraine

☆ US investor group clinches tax credit deal for $1.5 bln renewable power acquisition
▼ + stars: | 2023-08-16 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, U.S., May 29, 2020. Invenergy said in a statement it agreed to sell tax credits worth $580 million to Bank of America, and put those funds towards buying 14 projects from American Electric Power (AEP.O). It "creates a financeable transferability product that will be used to scale the growth of renewable energy," Fang said. Analysts at investment bank Credit Suisse have estimated the IRA could lead to the generation of tax credits worth $576 billion by 2031. Private equity firm Blackstone has invested around $4 billion in Invenergy.

Persons: Bing Guan, Joe Biden's, Invenergy, Karen Fang, Fang, Blackstone, Isla Binnie, Marguerita Choy Organizations: Energy Facility, REUTERS, Invenergy, Blackstone, Bank of America, American Electric Power, Bank of, International Energy Agency, Credit Suisse, Treasury Department, Internal Revenue, Canada's, Thomson Locations: Energy Facility California, U.S, Invenergy, Canada's Caisse, Quebec

Green hydrogen, produced by splitting water through electrolysis using renewable energy, is expected to play a key role in decarbonising transport and industries. But it is produced today on a very small scale and costs up to five times more than the most common hydrogen produced from natural gas, which is highly carbon-intensive. It sharply reduces the cost of electricity for the electrolysis process, which accounts for more than 70% of green hydrogen production costs, the company said. BP, which aims to sharply reduce its carbon emissions in the coming decades, is betting big on green hydrogen. By 2030, it aims to produce between 0.5 and 0.7 million tonnes per year of primarily green hydrogen.

Persons: Ron Bousso, Louise Heavens Organizations: BP Ventures, Mitsubishi Heavy Industries, Clean Energy Ventures, Gatemore Capital Management, BP, Thomson

☆ Focus: Colombia's potential renewables boom short circuits on Indigenous resistance
▼ + stars: | 2023-08-15 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +7 min

Solar photovoltaic array is seen at a solar power field of the company Celsia, in Yumbo, Colombia, February 6, 2019. Joanna Barney, a researcher at non-governmental organization Indepaz said she was aware of the deaths associated with conflicts over renewables projects. Renewables - even if ostensibly more environmentally-friendly - are facing hurdles similar to those confronted by oil and mining companies, long Colombia's top sources of income. Wind and solar provide less than 1% - about 300 megawatts - of Colombia's current energy generation. "The projects aren't operating and it doesn't seem like they will start in the next two years," said Alejandro Lucio of Optima Consultores, which advises renewables companies.

Persons: Julia Symmes Cobb, Gustavo Petro, Italy's, Petro, Jose Silva, Silva, Enel, Colombia Erik Hoeg, Hoeg, Joanna Barney, Indepaz, Alexandra Hernandez, Alejandro Lucio, Optima, Nelson Bocanegra, Christian Plumb Organizations: REUTERS, University of La, EDP Renewables, Brookfield Asset Management, AES, El, Nacion, Reuters, Renewables, Colombian Renewable Energy Association, Thomson Locations: Yumbo, Colombia, BOGOTA, Colombia's La Guajira, Guajira, University of La Guajira, Energi, Brookfield, La Guajira, Colombia's, Europe, Chile, Mexico

☆ Europe’s Mining Boom
▼ + stars: | 2023-08-15 | by ( Yusuf Khan | ) www.wsj.com time to read: 1 min

The Portuguese government is aiming for 85% of all electricity to be powered by renewables by 2030—it’s already at 60%. Ministers say it's the country’s duty to make the most of resources already in Europe before searching abroad.

Persons: — it’s Locations: Europe

☆ An upcoming video game is so realistic it simulates a homelessness crisis, getting laid off, and Gen Z going broke
▼ + stars: | 2023-08-15 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Gameplay footage shows a simulation of Gen Z being broke, road accidents, and prison labor. The developers of the upcoming video game Cities Skylines 2 say they're trying to make "the most realistic city simulation ever" — one which involves homelessness, Gen Z going broke, and tragic car accidents. A screenshot from the upcoming video game Cities Skylines 2. Cities Skylines 2/Colossal OrderThe developers previously released footage on the game's realistic elements, such as Gen Z being broke and prison labor. Colossal Order's previous game, Cities Skylines, was released in 2015 and sold over 12 million copies till mid-2022.

Persons: Z, Gen Z, it's Organizations: Morning, Cities, YouTube

☆ Republican-controlled states like Oklahoma are rushing to invest in clean energy, even as conservative groups push for more oil and gas
▼ + stars: | 2023-08-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

GOP-controlled states like Oklahoma are seeing major economic investment in clean energy industries. A solar power exec told The New York Times the "financial opportunity" is drawing people in. But as The Heritage Foundation pushes back against renewables, clean energy companies and projects are leading the way in Republican-led states. About two-thirds of new clean energy investment is in Republican states such as Oklahoma, Texas, and South Dakota, the Times reported. Peters, president of Solar Power of Oklahoma, told the Times, "but most people are doing this for the financial opportunity."

Persons: Trump, Entergy, J.W, Peters Organizations: New York Times, The Heritage Foundation, Service, Republican, The New York Times, Heritage Foundation, Times, US Steel, American Clean Power Association, Solar Power Locations: Oklahoma, Oklahoma , Texas, South Dakota, Arkansas, , Texas

☆ Biden's climate law has led to 86,000 new jobs and $132 billion in investments, new report says
▼ + stars: | 2023-08-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

More than 270 new clean energy projects have been announced since the passage of the Inflation Reduction Act (IRA), with private investments totaling $132 billion, according to the report. These investments are expected to be accompanied by more than 86,000 jobs, including 50,000 jobs related to electric vehicles. The Inflation Reduction Act “is not only working to strengthen supply chains but also to boost domestic manufacturing and create new jobs,” Bank of America said in the report. The nearly $370 billion clean energy and climate package, which passed on a party-line vote, was the largest climate investment in US history. The law is driving the most clean energy job growth in Georgia, South Carolina, Nevada and Tennessee.

Persons: it’s, Joe Biden, Biden, ” Organizations: New, New York CNN, of America, ” Bank of America, White, Bank of America, Washington Post Locations: New York, EVs, Georgia , South Carolina , Nevada, Tennessee, Wisconsin

Search resuls for: "Renewables"

25 mentions found