Credit Implications of the Bureau of Ocean Energy Management's Order to Halt Construction on Empire Wind 1
On April 16, 2025, the U.S. Bureau of Ocean Energy Management notified Empire Wind 1 (the Project; an offshore wind project expected to have 810 megawatts of capacity upon entering commercial operation) to halt construction with the objective of reviewing permits that were previously approved. Key highlights include the following: -- In the event the Project is canceled, it is likely that the implied equity commitment will pay down the debt already drawn. -- If the Project only experiences...
On Earth Day, Power Over Energy Celebrates 12 Years of Advancing Energy Literacy
Empowering People Worldwide to Create a More Resourceful World LIBERTY LAKE, Wash. – Power Over Energy®, an energy literacy initiative backed by Itron, is celebrating Earth Day and its 12th anniversary with the launch of a new website, new interactive educational content, and continued growth around the world. Consumer energy literacy is more important than ever for building a cleaner energy future. Consumer education plays a crucial role in the adoption of energy-efficient technologi...
Global transformers market to reach $89.34 billion in 2030, led by Asia-Pacific, forecasts GlobalData
The global transformers market is on a strong growth trajectory, projected to reach $89.34 billion in 2030, driven by rising electricity demand, renewable integration, and grid modernization. The Asia-Pacific (APAC) region is set to lead the charge with robust investments, while the Europe, Middle East, and Africa (EMEA) region is poised to grow fastest, fueled by infrastructure upgrades and power sector reforms across developing economies in the Middle East and Africa, reveals GlobalData, a lea...
Difficult and costly energy transition unless the EU invests in biomass
Both forestry and agriculture can produce biomass for the energy system. In a cost-optimal European energy system with negative emissions of carbon dioxide, biomass is mainly used to complement the supply of fuels and chemicals for industry, aviation and shipping. A small share of biomass is also used as a flexible reserve for electricity production to strengthen supply reliability. Wind power supplies 54 per cent of the whole electricity demand, and solar power supplies 40 per cent. Photographe...
Global nuclear power capacity to reach 494GW by 2035, driven by advancements in SMRs and clean energy shift, says GlobalData
The global nuclear power sector has witnessed steady growth in recent years, driven by the need for low-carbon baseload power, energy security, and a renewed interest in decarbonizing industrial sectors. New capacity additions, advancements in reactor technology with small modular reactors (SMRs) emerging as a transformative solution, and supportive policies have contributed to increased generation and reinforced the role of nuclear power in the energy transition. Against this backdrop, nuclear...
Major step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA
Long-term partnership to supply Google’s operations in Taiwan with clean, firm geothermal energy–setting a new standard for the tech industry. Global geothermal developer Baseload Capital and Google today announced the signing of the first corporate power purchase agreement (CPPA) for carbon-free geothermal energy in Taiwan. As AI and hyperscale data centers expand, so does the need for a reliable, always-on energy supply. Baseload’s geothermal solutions provide the stability needed to mee...
Fremont Township Awarded $600,000 for Renewable Energy Investment
Fremont Township in Saginaw County wins funding through Renewables Ready Communities Award by developing Eagle Creek Solar Project in partnership with EDP Renewables North America. Fremont Township, Saginaw County, Michigan, April 15, 2025 - EDP Renewables North America LLC (EDPR NA) today celebrates Fremont Township, Michigan being awarded $600,000 through the “Renewables Ready Communities Award (RRCA)” from the Michigan Department of Environment, Great Lakes, and Energy (EGLE). The RRC...
Rice and ExxonMobil collaborate to advance global sustainable energy research
Houston, Texas Master research agreement aims to ‘drive progress that benefits society’ HOUSTON – (April 14, 2025) – Rice University and ExxonMobil have entered into a master research agreement to collaborate on research initiatives focused on sustainable energy solutions. This landmark collaboration reflects their shared commitment to addressing global challenges in energy, climate and the environment while leveraging their unique expertise and coastal location in the heart of the worl...
Can District Energy System Issuers Improve Their Credit Profiles by Lessening Their Environmental Impact?
Morningstar DBRS has published a commentary that I think might interest you: "Can District Energy System Issuers Improve Their Credit Profiles by Lessening Their Environmental Impact?" District Energy Systems (DES)s generally operate as natural monopolies and provide an essential service to their customers. Customers connected to a DES benefit from high reliability and greater convenience than if they were responsible for providing their own heating or cooling; as well, disconnecting from a D...
EIC Report Warns of Climate Shortfall as North America Expands Both Renewables and Oil & Gas
Solar and wind hit record growth, but surging LNG and oil output threaten 2030 emissions targets, says Energy Industries Council analysis. Houston, TX, 7 April – North America’s energy sector is charting two paths: a historic surge in renewable energy projects is met with fossil fuel expansion that’s threatening the continent’s climate commitments, according to report by global energy trade association and data and analytics provider, the Energy Industries Council (EIC). The region added 2...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
