Citing a “rapidly changing energy landscape,” European wind developer Vattenfall has decided to cut costs by 2 billion Swedish krona, equaling $250.9 million, in its workforce by 2020. The Swedish energy company says it must adapt in order to stay [Read More]
There is no single solution for achieving the target of a low-carbon world, DNV GL says. Instead, multiple achievable actions must be taken both locally and globally, involving collaboration within the energy sector and across industries.
The Nordex Group is planning to cut 400-500 jobs as part of its new “cost-cutting program,” which the company has initiated in response to the continuing decline in demand and sharp change in market conditions in Germany, as well as [Read More]
A new study from the Center for Labor Research and Education at UC Berkeley is highlighting disadvantaged and underrepresented workers’ prevalence in entry-level, “career-track” jobs in the construction of renewable energy projects in California. According to UC Berkeley, the impact [Read More]
As planned, the Narragansett Bay Commission (NBC), a major sewage treatment agency in Rhode Island, is officially on the path to being powered by 100% renewables. Last year around this time, the Providence-based NBC, which already owns several wind turbines, [Read More]
With multiple wind and other generation projects waiting to interconnect, Xcel Energy and Otter Tail Power Co. have announced the completion of the 70-mile, 345 kV CapX2020 Big Stone South-Brookings County transmission line in South Dakota. Minnesota-based energy companies Xcel [Read More]
GE says it has become the first company to reach 5 GW of installed wind capacity in Brazil. As part of the 5 GW, GE’s onshore wind business, a unit of GE Renewable Energy, will commission another 600 MW by [Read More]
New Energy Investment (NEI), a Luxembourg-based company indirectly owned by entities under the control of the merchant banking division of Goldman Sachs, has launched an accelerated bookbuild offering to institutional investors of 7.5 million existing shares in DONG Energy. According [Read More]
The Colorado Energy Plan will advance only if the resulting portfolio of resources reduces, or at least does not increase, the cost of energy to Xcel Energy’s Colorado customers.
As Tropical Storm Harvey continues to devastate parts of coastal Texas, the Electric Reliability Council of Texas (ERCOT) and operators of wind farms in the vicinity of the storm are reporting what they know so far regarding damage. In an [Read More]