The Permian paradox: Texas shale players go green to drill more

HOUSTON/BENGALURU (Reuters) – As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs, oil and gas companies are increasingly relying on wind and solar power to ensure that the shale boom continues. Oil and gas firms operating in the Permian shale basin in West Texas, the nation’s biggest, have been […]

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Global renewables investment to triple this decade: U.N.

LONDON (Reuters) – Global investment in new capacity for renewable energy is on course to reach $2.6 trillion by the end of this decade, more than triple the amount of the previous decade, a report commissioned by the U.N. Environment Programme says. The figure excludes large hydropower projects and is equivalent to 1.2 terawatts (TW) of new renewable energy capacity […]

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Renewables investment to halve in 2020 as policy vacuum saps confidence

Investment in renewable energy is set to slump heavily in the early 2020s as experts warn a policy vacuum has sucked confidence from companies in the sector. BIS Oxford Economics predicts Australia will hit a renewable energy investment peak this year but this high will be shortlived. Investment in renewable energy will slump after 2019 as the pipeline of projects are […]

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A Low-Risk Renewables Play for the Income-Minded Investor

The Brookfield family is an underappreciated gold mine of companies with sharp management teams and impressive track records. In this week's episode of Industry Focus: Energy, host Nick Sciple and Motley Fool contributor Matt DiLallo dig into Brookfield Renewable Partners (NYSE: BEP) and Brookfield Infrastructure Partners (NYSE: BIP). Find out how these businesses work, what kinds of yields and growth […]

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Danish offshore wind powerhouse Orsted to buy US firm Lincoln Clean Energy

Founded in 2009, Lincoln Clean Energy develops, owns and operates onshore wind farms. Orsted said that Lincoln Clean Energy had an “attractive portfolio”, which includes 513 megawatts of recently commissioned wind and solar assets. Danish wind energy powerhouse Orsted has entered into an agreement to acquire U.S. firm Lincoln Clean Energy (LCE). Founded in 2009, LCE develops, owns and operates […]

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Vast solar power plant gets ‘significant’ investment from China’s Silk Road Fund

The 700 megawatt Dubai Electricity and Water Authority Concentrated Solar Power project represents the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The solar park has a planned capacity of 1,000 megawatts by 2020 and 5,000 MW by 2030. China’s Silk Road Fund is to acquire a 24 percent stake in a large scale solar power project […]

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Investment in energy fell again in 2017, raising fresh concerns about security and climate change

Investment in the global energy sector totaled $1.8 trillion in 2017, marking a 2 percent drop from the previous year after adjusting for inflation. A sharp drop in spending on power plants offset a moderate increase in money flowing into the electric grid. Spending on solar and wind power is growing the supply of low-carbon energy, but investment in zero-emissions […]

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