Articles tagged with "clean-energy-projects"
$400 Million Facility Closed By Exus Renewables North America - CleanTechnica
The article discusses Exus Renewables North America’s recent closing of a $400 million senior secured corporate credit facility, which provides flexible, low-cost capital backed by assets. This financing enables Exus to accelerate its pipeline of utility-scale renewable energy projects across the U.S., supporting early-stage development activities such as permitting, interconnection, procurement, and construction planning. The facility reflects investor confidence in Exus’s platform and helps the company bring more projects online faster while maintaining financial discipline and stability as a long-term renewable energy owner-operator. Exus currently manages a diversified portfolio of over 700 MW of renewable energy assets in operation or under construction, with an additional 5.8 GW in active development. Their projects include solar, wind, and lithium-ion battery energy storage systems, chosen based on resource quality, grid needs, and community factors to ensure consistent power generation and grid reliability. The company emphasizes commercially proven technologies and robust system integration to ensure safe, reliable, and long-term operation. While the
energyrenewable-energysolar-powerwind-powerenergy-storagebattery-technologyclean-energy-projectsOffshore wind developers sue Trump administration for halting $25B in projects
Three offshore wind developers have filed lawsuits against the Trump administration following the Department of the Interior's decision on December 22 to halt $25 billion worth of offshore wind projects, which collectively would generate 6 gigawatts of electricity. The affected projects include Revolution Wind, nearly 90% complete, and Empire Wind and Coastal Virginia Offshore Wind, each about 60% complete. Dominion, involved in these projects, reported losses of $5 million per day due to the halt. Meanwhile, Avangrid’s Vineyard Wind 1 project, nearly half operational, has not yet joined the legal action. The Department of the Interior justified the stoppage citing national security concerns, likely related to the interference wind turbines can cause with radar systems. Although specifics were not detailed, a February 2024 Department of Energy report acknowledged these radar challenges but also outlined potential solutions, such as careful site selection and technological adaptations. Coordination between the Bureau of Ocean Energy Management and military agencies aims to address these conflicts on a project-by
energyoffshore-windrenewable-energywind-turbinesDepartment-of-Energyradar-interferenceclean-energy-projectsNevada’s Lost Sunlight: What Esmeralda 7 Tells Us About America’s Energy Future - CleanTechnica
The article discusses the quiet cancellation of Esmeralda 7, a massive 6.2 GW solar and battery project in Nevada, following a subtle change by the Bureau of Land Management (BLM). Esmeralda 7, backed by major developers like NextEra and Invenergy, was poised to supply clean energy to millions and had progressed through significant environmental reviews. However, under Interior Secretary Doug Burgum, the Trump administration replaced the decade-old renewable development framework with more restrictive policies that fragmented project approvals, increased political oversight, and imposed new barriers such as a “capacity density” test and higher land leasing fees. These changes disrupted the shared environmental and permitting processes essential for Esmeralda 7’s economic viability, effectively dooming the project. This policy shift reflects a broader trend within the Interior Department favoring oil and gas extraction over large-scale renewable projects on public lands, despite rhetoric promoting “energy abundance.” The cancellation of Esmeralda 7 has significant implications for Nevada’s energy future,
energyrenewable-energysolar-powerbattery-storageclean-energy-projectsenergy-policyUnited-States-energyTechCrunch Mobility: Toyota makes a $1.5B bet on the startup ecosystem
The article from TechCrunch Mobility highlights several key developments in the electric vehicle (EV) and clean energy sectors. Following the expiration of the $7,500 federal EV tax credit on September 30, automakers experienced a sales surge as consumers rushed to purchase EVs before the deadline. Tesla reported a record quarterly delivery of 497,099 vehicles—a 29% increase from the previous quarter and a 7% rise year-over-year. Other major automakers like Ford, General Motors, Hyundai, and Rivian also posted record or improved EV sales. However, the article notes uncertainty about how these companies will manage potential sales slowdowns post-tax credit, particularly regarding inventory and profit margins, with Rivian already lowering its 2025 guidance. In government and investment news, the Department of Energy canceled $7.56 billion worth of clean energy projects, disproportionately affecting blue states such as California, which lost $2.2 billion in grants including a significant grid-modernization program. This move raises concerns
energyelectric-vehiclesclean-energy-projectsDepartment-of-Energyautomotive-industryEV-salesenergy-grantsCanada’s National Projects: Betting on Nuclear & LNG While the Future Waits - CleanTechnica
Canada has recently designated five megaprojects as being in the national interest, with a heavy financial and climate commitment extending over decades. The approved projects are dominated by nuclear and LNG developments, which together account for nearly 90% of the adjusted projected spending—over CA$52 billion out of a total CA$58.8 billion when factoring in typical cost overruns based on historical data. Using Bent Flyvbjerg’s reference class forecasting, the article highlights that such megaprojects frequently experience significant delays, cost overruns (often exceeding 50%), and under-deliver on promised benefits. This pattern is evident in Canada’s nuclear initiative, particularly the Darlington small modular reactor (SMR) project, which, despite its ambition to be a G7 first, carries high risk due to its first-of-a-kind nature and historical nuclear project challenges. The LNG Canada Phase 2 project, estimated at CA$20 billion, also raises concerns. While proponents tout its efficiency and use of
energynuclear-energyLNGsmall-modular-reactorsclean-energy-projectsCanada-energy-policyenergy-infrastructureIndia's Renewable Energy Is Progressing, But The World Isn't Paying Attention (Part 2) - CleanTechnica
India is making significant strides in its renewable energy transition by developing a diverse portfolio that extends beyond solar power to include wind, bioenergy, and green hydrogen technologies. Central to this effort is the National Green Hydrogen Mission, launched to build a green hydrogen ecosystem with incentives for electrolyzer manufacturing and pilot projects targeting decarbonization in challenging sectors such as steel and transportation. A flagship initiative under this mission is the Pudimadaka Green Hydrogen Hub near Vishakhapatnam, a gigawatt-scale facility developed by NTPC Green Energy. Alongside hydrogen, India is advancing bioenergy through the National Bioenergy Programme, which supports projects like the National Biogas and Manure Management Programme that utilize agricultural waste for clean energy. Wind energy also plays a crucial role, with government support via the Viability Gap Funding scheme encouraging offshore wind projects, including a 500 MW tender off Gujarat’s coast. Significant capacity additions are occurring in states like Rajasthan and Gujarat, backed by major investments from companies such as Tata Power
energyrenewable-energygreen-hydrogenwind-energybioenergysolar-powerclean-energy-projectsSaudi plans new hydrogen-to-ammonia facility twice Neom’s plant size
Saudi Arabia is advancing its green hydrogen ambitions with the planned Yanbu Green Hydrogen Hub, a facility nearly twice the size of the ongoing 2.2 GW Neom project. Developed by ACWA Power and Germany’s EnBW, the Yanbu site will feature 4 GW of electrolysis capacity, producing up to 400,000 tons of green hydrogen annually. This hydrogen will be converted into green ammonia for global export. The front-end engineering design (FEED) contract has been awarded to Spain’s Técnicas Reunidas and China’s Sinopec, marking the start of detailed planning. The project includes desalination systems and a dedicated export terminal, though renewable power generation—expected from separate solar and wind farms—is not part of the current contract but is essential for fully green hydrogen production. This initiative aligns with Saudi Arabia’s broader goal to invest $270 billion in energy by 2030 and supply 10% of the world’s hydrogen exports. The Yanbu hub will be pivotal in providing
energygreen-hydrogenammonia-productionrenewable-energyelectrolysisSaudi-Arabiaclean-energy-projectsHydrogen’s Brutal Month: Billions Lost As Mega-Projects Collapse - CleanTechnica
The past month has been notably difficult for the hydrogen energy sector, marked by the cancellation or indefinite shelving of multiple large-scale hydrogen projects worldwide, collectively valued in the tens of billions of dollars. These setbacks highlight the significant economic and technical challenges facing hydrogen, especially in transportation and energy export markets. A key example is Australia’s CQ-H2 green hydrogen export project in Gladstone, initially a AUD$12.5 billion (US$8.13 billion) initiative aimed at supplying hydrogen to Japan and South Korea. The project collapsed after Stanwell Corporation withdrew support due to escalating costs and doubts about market viability, symbolizing broader uncertainties in hydrogen’s commercial prospects. Concurrently, Fortescue Metals Group scaled back its hydrogen ambitions, cutting around 90 related jobs and shifting focus from large-scale manufacturing to research and development to improve efficiency and reduce costs, abandoning its earlier target of producing 15 million tons of hydrogen annually by 2030. In Europe, Germany’s ArcelorMittal also abandoned plans
energyhydrogen-energyclean-energy-projectsenergy-sector-challengeshydrogen-productionenergy-marketrenewable-energy