8minute Solar Energy announced on Tuesday that it has been selected to develop the largest solar plus storage project ever built in Nevada, and one of the largest in the world, measuring in at a whopping 475 megawatts (MW) for the solar array and 540 megawatt-hours (MWh) for the battery storage system.
The New Jersey-headquartered insurer Chubb announced this week that it will no longer underwrite the construction and operation of new coal-fired power plants or new risks for companies that generate more than 30% of their revenue from coal, making the insurer the next in a long line of financial and insurance institutions waving goodbye to coal.
Danish wind energy giant Vestas Wind Systems A/S finished off the second quarter of 2019 with its trademark flurry of activity, announcing 1,775 megawatts (MW) of new wind turbine orders over the last four days of the quarter, pushing its total orders for the first half of the year to 7,605 MW, a 40% increase over the same period in 2018.
The Climate Action Tracker published its mid-year update of government action to address the rise in greenhouse gas emissions and concluded that the current climate crisis demands more government action as global progress is “stalling” and many countries retain “woefully inadequate” national targets.
Chinese solar PV manufacturing giant Jinko Solar announced its first quarter 2019 financial results last week, which revealed the company’s first-quarter shipments jumped 50.7%, leading in part to a decision to again expand its manufacturing capacity.
Spanish offshore wind giant Siemens Gamesa Renewable Energy announced last month that it had received its first preferred supplier nomination for the Japanese offshore wind industry, being nominated as preferred supplier for the Northern Akita offshore pipeline in Japan which has a capacity of up to 455 megawatts (MW).
The Global Wind Energy Council published its inaugural Global Offshore Wind Report this week, which shows that not only has offshore wind grown at an average of 21% each year since 2013, but that the sector could install an additional 200 gigawatts (GW) of capacity by 2030.
Two weeks after outgoing UK Prime Minister Theresa May announced that she was introducing legislation to enshrine into law a net zero emissions by 2050 target, the country’s interim Minister of State for Energy and Clean Growth has signed the target into law, making the UK the first major global economy to pass such a law.
Wind energy powerhouses Vestas Wind Systems A/S and GE Renewable Energy announced this week that they had reached an “amicable settlement” over all disputes related to multiple patent-infringement claims in the United States which will subsequently discontinue the case pending in the US District Court for the Central District of California as well as all other pending proceedings related to the patents-in-suit.
One of the world’s most recognizable shoe and sporting brands, Puma, has announced this week that it has set a target to reduce its greenhouse gas emissions by 35% by 2030, a target which has been approved by the Science Based Target initiative (SBTi).
