To expand offshore wind in Europe and reduce the cost of connecting turbines farther out to sea by cable as coastal locations fill up, TenneT, a major European transmission grid operator, is studying the feasibility of building a $1.8-billion man-made wind-farm island in the North Sea between the U.K. and Denmark—and maybe others.
Proposed stringent emission-reduction targets through 2030 in the nation’s only interstate cap-and-trade program will continue the already well-established market shift toward renewable and efficient power-generation construction projects, industry analysts say.
In what could be a boost to U.S. geothermal energy development, Los Angeles has signed a $94-million long-term contract with Reno, Nev.-based energy developer Ormat Technologies Inc. to buy 150 MW from its portfolio of northern Nevada geothermal projects.
President Trump’s announcement that the U.S. will withdraw from the Paris climate accord has catalyzed the already strong transition to renewable energy and commitments to reduce carbon emissions.