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Chevron, Microsoft Support Houston-Based Clean Energy Program for Increased Diversity

A Texas-based accelerator is bringing its third BIPOC and female-focused program to Houston. According to the website, Innovation Map, DivInc, a startup accelerator established for people of color and women entrepreneurs, has announced Chevron and Microsoft are the title sponsors for the inaugural Clean Energy Accelerator. The new program will join DivInc’s existing accelerators —

Bids Soar at First-Ever California Offshore Wind Auction

Attention is growing for the first offshore wind development off the US west coast. According to Reuters (via EnergyNow), the United States’ first sale of offshore wind development rights off the coast of California had attracted more than $387 million in bids from companies wanting to invest in the domestic industry’s expansion to the deep

UAE Plans Global Energy Push with Major Investment, Increasing Oil-Production Capacity

The United Arab Emirates’ leading energy company will increase investment to $150 billion over the next five years, speed up an increase in oil-production capacity, and list some of its natural gas business. According to Reuters (via EnergyNow), Abu Dhabi National Oil Co. said it would expand its international gas, chemicals, and clean-energy operations. The

NextEra Energy to Invest $805 Million to Expand Renewables Portfolio

An American energy company is making a major investment in renewable energy. According to Reuters, NextEra Energy Partners LP said the company signed a deal to acquire solar and wind assets for $805 million as it expands its renewables portfolio on increasing demand for clean energy. The emphasis on promoting alternative energy sources has gained

Carlyle Group Seeks $1.6 Billon for Second Renewable Energy Fund

A private equity company is making a major investment in renewable energy. According to people familiar with the story, Reuters is reporting that Carlyle Group Inc is seeking at least $1.6 billion for its second private equity fund to invest in renewable energy and sustainability assets. The sources for Reuters said the Washington, D.C.-based firm

Germany Considers State Guarantees for Renewable Energy Production

A European country could offer some major incentives for renewable energy investment. According to Reuters, Germany is considering introducing state guarantees for investments in renewable energy, Economy Minister Robert Habeck said on Monday, as Berlin works to become more independent in scaling up renewables capacity. Germany, which is Europe’s biggest economy, has a goal to

The First Commercial-Scale Offshore Wind Farm in France Begins Operations

A major renewable energy project began operations in Europe. According to Reuters (via EnergyNow), France’s first commercial-scale offshore wind farm began operating, adding 480 megawatts of capacity to the grid at a time when Europe is trying to secure energy supplies after Russia’s invasion of Ukraine. The Saint-Nazaire wind farm, located off the coast of

A Commodities Trader to Buy Poland’s Vortex Energy in Push for Renewables

Commodities and energy trader Vitol said on Thursday it had agreed to acquire renewable energy company Vortex Energy from VH Invest for an undisclosed sum. According to Reuters, Vitol “plans to deploy $1 billion of capital over the next five years into renewables in Poland,” it said in a statement. The transaction is expected to

Portuguese-Canadian Joint Venture Plans $1.04 Billion Hydrogen Plant

A massive venture is developing between Canadian and Portuguese companies. According to Reuters, Canadian renewable energy company Neogreen Hydrogen and Portuguese developer of photovoltaic solar parks Frequent Summer announced plans to invest over 1 billion euros ($1.04 billion) in a green hydrogen plant in Portugal. Green hydrogen, which is produced using renewable electricity such as

France to Gain $31 Billion From Renewable Energy Firms

France is reaping some big rewards for its renewable energy investment. According to Bloomberg, France will gain €30.9 billion ($31 billion) from renewable-power producers over two years as Europe’s energy crisis boosts wholesale prices beyond guaranteed levels. The biggest contributor to the government’s profits is onshore wind producers over the two years through 2023, generating

Duke Energy Begins Sale Process of $4 Billion Renewable Unit

A major electric and natural gas company is making a significant transaction with its commercial renewable business. According to Bloomberg (via EnergyNow), Duke Energy Corp., based in Charlotte, North Carolina, has begun a sale process for its commercial renewable business. This move comes following a strategic review announced in August in what would be one

Inaugural Carbon Tracking and Reporting Canada Conference Kicks Off in Calgary

Following the success of the inaugural Carbon Tracking and Reporting Conference in March in Houston, TX, the inaugural Carbon Tracking and Reporting Canada Conference kicked off this week in Calgary, Alberta. Day 1 started with keynote presentations from Calgary’s own Nathan Maycher (Director of Climate, Disclosure & Integration, Suncor), and Gerald Palanca (Manger of Emissions

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