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U.S. EPA Proposes Biofuel Program Revamp

President Joe Biden’s administration unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates. For the first time, this will include a pathway for electric vehicle manufacturers to build valuable credits. According to Reuters, Biden wants to fight climate change by lowering fossil fuel use in America’s transport sector. This is

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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

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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

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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

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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

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Construction of Multi-Billion Dollar Wind Farm Set to Begin in Eygpt

A massive renewable energy project is coming to Northern Africa. According to EnergyNow, the construction of one of the world’s largest wind farms is set to begin in Egypt in 2024. The renewable energy project could provide electricity to Europe and Saudi Arabia, according to one of the main companies supporting the $11 billion project.

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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

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Mexico Intends to Double Renewable Energy Capacity by 2030

America’s third-biggest greenhouse gas emitter is working with the United States to meet new climate goals. According to Reuters, Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation’s Foreign Ministry said in a statement on Monday. Foreign Minister Marcelo Ebrard traveled to Egypt to attend the COP27

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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

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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

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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

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Japan’s TEPCO Renewable to buy British Offshore Wind Power Firm

A Japanese renewable power company is making a major investment in wind power. According to Reuters, TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, said on Wednesday it will buy a 100 percent stake in the British floating offshore wind power company Flotation Energy for an undisclosed sum. Signed on Nov. 1,

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