The world has committed a record $501.3 billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the COVID-19 pandemic, according to recent energy transition investment analysis compiled by BloombergNEF (BNEF), Bloomberg’s primary … Read More
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PepsiCo Unveils Plans to Achieve Net-Zero Emissions by 2040
PepsiCo Inc. has unveiled plans to more than double its climate goal, targeting a reduction of greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. In addition, the company has pledged to achieve net-zero emissions by … Read More
ENGIE Touts Strong 2020 Renewable Additions
ENGIE North America says it added nearly 2 GW of renewable energy to the U.S. in 2020 as part of its commitment to deliver 9 GW of renewable energy capacity globally between 2019 and 2021. ENGIE says the six grid-scale … Read More
Minnesota Power Paves Path Towards Carbon-Free Energy
Minnesota Power, an ALLETE company, has unveiled its plans to deliver 100% carbon-free energy to customers by 2050, continuing its commitment to climate, customers and communities through its EnergyForward strategy. Minnesota Power says its vision for a carbon-free future builds … Read More
Cordelio Sells Interest in Denfield Portfolio
Cordelio Power and Axium Infrastructure, an independent portfolio management firm, say Axium has purchased a 49% interest in Cordelio’s Ontario renewable portfolio. The 396 MW Denfield portfolio includes four wind projects and two solar projects located in southwestern Ontario. Cordelio … Read More
Baker Unveils Policies, Strategies to Decarbonize Massachusetts
Building on its commitment to achieving net-zero greenhouse gas (GHG) emissions in Massachusetts by 2050, the Baker-Polito Administration has detailed policies and strategies to equitably and cost-effectively reduce emissions and combat climate change in two reports – the Massachusetts 2050 … Read More
Nebraska Looks to Renewables to Change Energy Landscape
Gov. Pete Ricketts has joined representatives of Nebraska Public Power District (NPPD), Monolith Materials and Norris Public Power District for a joint announcement regarding the facilitation of a significant addition to the renewable energy landscape in the state. The addition … Read More
PG&E Looks to Expand California Energy Storage Portfolio
Pacific Gas and Electric Co. (PG&E) has requested California Public Utilities Commission (CPUC) approval of six additional battery energy storage projects totaling 387 MW of capacity, intended to further integrate clean energy from renewable generation sources while helping to ensure … Read More
Houston-Based IPP Acquires Montana Wind Project
Broad Reach Power, a Houston-based independent power producer (IPP), has acquired a 250 MW wind project and a 250 MW solar project – both located in Montana. “I am looking forward to developing these projects as we continue investing in … Read More