The $8.9B award, combined with 1.7 GW of offshore projects already underway, will move state closer to goal of renewables supplying 70% of power needs by 2030.
New administration set to rejoin Paris climate pact, a heavy lift for the energy sector, but industry cites need and optimism for a clean infrastructure funding program.
States, grid operators and firms make moves to expand transmission capacity to integrate renewable energy projects power to high-demand areas. as they await cues from a new Biden Administration
With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.