Shares rose after GE released second-quarter results, a net loss of $61 million due to $744 million in one-time costs connected to its “grid solutions” business, which concerns the electricity grid New York: General Electric reported a loss Wednesday following an asset write-down, but raised some of its full-year profit projections based on improvements in […]
Northeastern States Primed to Be the Next Major Energy Storage Market
Where the challenge was once a lack of profitable storage opportunities in the Northeast, now the trick is keeping up. Here’s GTM’s handy guide. Northeastern states have enacted a dizzying array of policies to promote energy storage development alongside the growth of renewables over the past few years. Where the challenge used to be a […]
SEIA Commends New York State for Signing Historic Renewable Energy Mandate into Law
Washington, D.C.: Today, Governor Cuomo signed the Climate Leadership and Community Protection Act into law, one of the most aggressive renewable energy mandates in the United States. The historic law will require the state to procure 6 gigawatts of distributed solar by 2025 and for the state’s utilities to get 70% of its electricity from […]
New York awards offshore wind contracts as governor signs climate bill
New York on Thursday awarded two major offshore wind contracts to Norway’s Equinor (EQNR.OL) and a joint venture between Denmark’s Orsted (ORSTED.CO) and U.S. utility Eversource (ES.N), procuring more of the renewable power than it had planned as part of Governor Andrew Cuomo’s ambitious plan to slash greenhouse gas emissions. Cuomo made the announcement at […]
Renewable Energy: New York’s climate plan will drive big changes, if it works
A new law sets the nation’s most aggressive targets for reducing carbon emissions and is intended to drive dramatic changes over the next 30 years ALBANY, N.Y.: Solar panels on every roof. Parking meters that double as car chargers. Wind turbines towering above farm fields and ocean waves. A new law signed Thursday by New […]
CleanCapital and CarVal Investors Acquire 75.2 Megawatt Solar Portfolio and Close on $300 Million Debt Facility with Credit Suisse
NEW YORK : CleanCapital announced today its largest acquisition to date, a 75.2 megawatt solar portfolio made up of 15 operating solar projects in New Jersey. This is the fourth in a series of acquisitions made through CleanCapital’s $250 million investment vehicle with CarVal Investors. CleanCapital now owns and operates 180 MW of renewable energy […]
New York Awards 1.7GW of Offshore Wind as Cuomo Signs State’s Green New Deal
Offshore wind developers Ørsted and Equinor will build huge projects to supply power for Long Island and New York City, in what the state calls the largest U.S. renewables procurement in history. New York Governor Andrew Cuomo on Thursday announced 1.7 gigawatts of offshore wind deals with two development groups, as he signed into law […]
New York to expand electric-vehicle charging stations
The New York State Public Service Commission recently approved the expansion of its direct current fast-charging infrastructure program, which makes fast-charging plugs at newly constructed charging stations eligible for an incentive. Qualifying stations must include a standardized plug of equal or greater charging capability as the other plugs being installed. Earlier this year, the commission […]
Prime Minister Narendra Modi will be attending UN Climate Action Summit 2019 in New York on September 23rd
Hack: Prime Minister Narendra Modi will attending UN Climate Action Summit 2019 in New York on September 23 According to PTI, PM Modi will also address Indian-Americans in Houston and Chicago during his trip lasting from September 20 to 23 Houston has one of the largest concentrations of the Indian American community in the US with the Texas […]
The Complexity of New York City’s Green New Deal
In this podcast: What can the rest of the country learn from New York’s implementation of a new building law? The Green New Deal is now a driving force in climate politics. But up until now, it’s been mostly theoretical. And then, in April, Mayor Bill de Blasio declared that New York City is creating […]