• Green Energy Crash: Vestas Shares Dive 17% On Concerns Over US Subsidy Cuts

    • Date: 09/11/17
    • Financial Times

    Shares in Vestas plunged by 17 per cent after the world’s largest wind turbine manufacturer lowered its profit guidance on the prospect of cuts in US subsidies. The wind industry has been unsettled by parts of the US House of Representatives’ proposal on tax reform that could make renewable energy projects significantly more expensive. Marika […]

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  • With America’s ‘Clean Coal’ Flagship Dead, Is CCS Still Credible?

    • Date: 08/11/17
    • Chris Lo, Power Technology

    A report published by UK-based think tank Global Warming Policy Foundation (GWPF) and authored by Professor Gordon Hughes, economics professor at the University of Edinburgh and former advisor to the World Bank, argues that the economics of CCS, especially for coal, don’t make sense today, and are unlikely to start doing so in the future. […]

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  • Green Energy Crash: Wind Turbine Maker Siemens Gamesa To Cut 6,000 Jobs

    • Date: 07/11/17
    • Financial Times

    Siemens Gamesa is to cut 6,000 of its 27,000-strong workforce as part of a restructuring plan “to consolidate its position as a market leader”, the company said on Monday. Since Siemens took full control earlier this year, the wind company’s shares have fallen 46 per cent. Share price collapse: Siemens Gamesa Renewable Energy CA (GAM) The […]

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  • Energy Experts Confirm GWPF Report: Carbon Capture And Storage Is Uneconomic

    • Date: 05/11/17
    • CBC News

    Following SaskPower saying it is unlikely to recommend government pursue more carbon capture and storage projects because of the high cost, critics are saying pursuing carbon capture and storage was uneconomical from the start. “It’s not economic, and it was clear at the time it wasn’t economic,” said former SaskWind president James Glennie. “It cost $140 per megawatt […]

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  • U.S. Republicans To End Tax Support For Electric Cars, Increase Taxes For Wind And Solar

    • Date: 03/11/17
    • The Hill

    A massive GOP tax-reform bill would end a $7,500 credit for the purchase of electric vehicles and overhaul other energy-related provisions within the tax code. The 429-page bill would repeal the electric vehicle tax credit, which supporters have credited with reducing the price of emission-free cars for consumers and helping the burgeoning American electric vehicle industry grow. Advocates have […]

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  • Will Tesla’s Green Car Fiasco Sink Elon Musk’s Company?

    • Date: 02/11/17
    • NBC News

    Few companies have done a better job of defying gravity than Tesla, but the California-based electric carmaker could see the bottom drop out, some observers are warning, after Wednesday’s worse than expected third-quarter earnings report. Tesla rolled up a July to September deficit of $2.92 a share, well below the $2.45 a share deficit that […]

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  • Coal On The Rise In China, US & India After Major Drop In 2016

    • Date: 01/11/17
    • Associated Press

    The world’s biggest coal users — China, the United States and India — have boosted coal mining in 2017, in an abrupt departure from last year’s record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions. People carry baskets of coal scavenged illegally at an open-cast […]

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  • Sudden Wind Price Collapse Reveals ‘Madness’ Of Germany’s Green Energy Transition

    • Date: 31/10/17

    Autumn storm Herwart has caused chaos on the German energy market. Because of the strong wind, electricity prices collapsed into the negative. Consumers, however, won’t benefit from negative prices. For them, electricity is becoming even more expensive. Storm ‘Herwart’ has caused extreme turbulences in Germany. Now it has been revealed that the storm last weekend not […]

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