Latest news with #windenergy
Yahoo
a day ago
- Business
- Yahoo
US officials reverse decision to shut down massive $5 billion wind farm project off New York coast — here's why
Reuters reported that the Trump administration lifted a ban last week on a $5 billion wind energy project off the coast of New York that could bring power to half a million homes as soon as 2027. Empire Wind, a wind farm project from Norwegian company Equinor, is slated to have over 130 wind turbines and provide renewable power to New York. In Spring 2024, construction began in the South Brooklyn Marine Terminal. As the fourth largest source of electricity generation in the United States, wind is an important element to our energy systems. Projects like this only help to grow clean energy, as coastal wind farms blend marine engineering with renewable energy technology to power thousands of homes. Offshore wind is a powerful tool in the fight against climate change. Some opponents to offshore wind farms say that they disrupt the environment. However, according to Environment America, no whales have been harmed by offshore wind and the main issue is the noise during the construction process, which is also an issue with offshore drilling, in addition to the massive additional environmental problems that come with harvesting fossil fuels from the earth — especially the risk for accidental spills or explosions. The project is also stimulating the economy, as it is anticipated that the wind farm will bring more than 1,000 jobs to the area. However, alongside this win for wind energy is the potential revival of a natural gas pipeline that had previously been stopped. According to Reuters, the Constitution pipeline would bring gas from Pennsylvania into New York, though it is unclear if the company involved, Williams, will absolutely pursue it. Clean Technica reported on May 24 that the agreement should clear a hurdle for the pipeline, but it's not a certainty that it will proceed. In order to mitigate the worst effects of human-caused climate change, the world needs to move away from dirty energy sources like gas and embrace cleaner, renewable energy like wind and solar. These processes take advantage of natural energy and do not require constant drilling or mining for new materials to burn into the air. One of the best ways for individuals to take advantage of clean energy innovations is to install solar panels. Solar panels, especially when coupled with energy storage technology, can significantly reduce your energy bills and make your home more energy resilient. If you want to take the next step to install solar energy at your own home, EnergySage provides a free platform to compare quotes from vetted local installers and can help to save around $10,000 on installations. According to Equinor, the Empire Wind project is currently over 30% complete, bringing the farm closer to providing power to many in New York. "This project delivers on the energy ambitions shared by the United States and New York by providing a vital new source of power to the region," Molly Morris, President of Equinor Wind US, said in a press release. Should the government be able to control how we heat our homes? Definitely Only if it saves money I'm not sure No way Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Trump Rides to the Northeast's Energy Rescue
President Trump's energy policy has been an economic bright spot. Even New Englanders who didn't vote for President Trump might cheer if he strikes a mooted deal with New York Gov. Kathy Hochul that would let more cheap natural gas flow to her own state and the Northeast. Interior Secretary Doug Burgum hinted at a quid-pro-quo last week when he lifted a pause on a wind project off the coast of Long Island. The wind farm is a key energy priority for New York Democrats and building unions. 'I am encouraged by Governor Hochul's comments about her willingness to move forward on critical pipeline capacity,' he tweeted.
CTV News
5 days ago
- Business
- CTV News
Alberta policies have dampened investor confidence in renewables: report
Power transmission lines and wind turbines as seen with the Rocky Mountains in the background near Pincher Creek, Alta., Thursday, June 6, 2024. THE CANADIAN PRESS/Jeff McIntosh A report from clean energy think tank Pembina Institute suggests investor confidence in Alberta's renewables sector has been dampened by provincial policy moves. The report's authors looked at the provincial electrical system operator's queue of projects waiting to connect to the grid between 2021 and 2024. That data gave them a sense of investor interest in Alberta renewables before and after the province imposed a surprise seven-month moratorium on new wind and solar projects in 2023. The moratorium is over, but the institute says other sources of uncertainty include a broad restructuring of the electricity market, Alberta's legal challenge to federal clean electricity regulations, limits on where wind installations can be built and new reclamation requirements. Pembina says the number of proposed new projects in the queue last year were on par with two years earlier, before the moratorium, but more projects were cancelled than proposed last year while other jurisdictions like Australia and Texas are seeing their numbers of new projects climb. A spokesman for Alberta Energy Minister Brian Jean says the province set a 'clear, responsible path forward' for renewables and that electricity has become more affordable and reliable over the past year. This report by The Canadian Press was first published May 28, 2025. Lauren Krugel, The Canadian Press
Yahoo
25-05-2025
- Business
- Yahoo
Clean Energy Makes a Non-Binding Offer to a European Business
Clean Energy Technologies, Inc. (NASDAQ:CETY) announced a major strategic move into the European renewable energy industry by signing a Non-Binding Offer with an unidentified European solar and wind development business. Wind turbines against a backdrop of the sky, signifying the power of renewable energy. Clean Energy Technologies, Inc. (NASDAQ:CETY) has obtained a $4.4 million initial equity investment as part of the planned acquisition, which will add to the projected $85 million deal value. The investment will be implemented gradually following particular development benchmarks. The deal is anticipated to give Clean Energy Technologies, Inc. (NASDAQ:CETY) access to the expanding solar and wind energy market in Europe, which is backed by stable government policies that support renewable energy. Clean Energy Technologies, Inc. (NASDAQ:CETY), a clean energy solutions company with its headquarters located in Irvine, California, specializes in zero-emission electricity generation from biomass and waste heat using its proprietary Clean Cycle™ generator. Furthermore, the company offers engineering and project management services throughout North America, Europe, and Asia, as well as Waste to Energy Solutions, which turn agricultural and industrial waste into electricity and BioChar. While we acknowledge the potential of CETY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CETY and that has 100x upside potential, check out our report about this READ NEXT: and . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Clean Energy Makes a Non-Binding Offer to a European Business
Clean Energy Technologies, Inc. (NASDAQ:CETY) announced a major strategic move into the European renewable energy industry by signing a Non-Binding Offer with an unidentified European solar and wind development business. Wind turbines against a backdrop of the sky, signifying the power of renewable energy. Clean Energy Technologies, Inc. (NASDAQ:CETY) has obtained a $4.4 million initial equity investment as part of the planned acquisition, which will add to the projected $85 million deal value. The investment will be implemented gradually following particular development benchmarks. The deal is anticipated to give Clean Energy Technologies, Inc. (NASDAQ:CETY) access to the expanding solar and wind energy market in Europe, which is backed by stable government policies that support renewable energy. Clean Energy Technologies, Inc. (NASDAQ:CETY), a clean energy solutions company with its headquarters located in Irvine, California, specializes in zero-emission electricity generation from biomass and waste heat using its proprietary Clean Cycle™ generator. Furthermore, the company offers engineering and project management services throughout North America, Europe, and Asia, as well as Waste to Energy Solutions, which turn agricultural and industrial waste into electricity and BioChar. While we acknowledge the potential of CETY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CETY and that has 100x upside potential, check out our report about this READ NEXT: and .
