Trump administration sues Hawaii and Michigan to block planned lawsuits on climate change
The Trump administration sued Hawaii and Michigan in an attempt to prevent them from suing major oil companies for their role in climate changes. They accused the Democratic-led state of overreach, and threatening domestic energy production. A lawsuit has not been filed by either state. Hawaii Governor Josh Green said to a local television station that Hawaii plans to sue fossil-fuel companies by Thursday.
The Trump administration sueded Michigan to stop a planned climate change lawsuit
The Trump administration sued Michigan to stop it from suing oil companies for their role in climate change. They claimed that the Democratic-led Michigan was blocking domestic energy production. In a late-night lawsuit filed in Michigan, the U.S. Department of Justice said that the state's intention to sue would have an "extraordinary extraterritorial scope"…
RWE's largest shareholder group is against more share buybacks
RWE's largest shareholder group, RWE municipal shareholders, opposes calls for further share buybacks. This includes activist investor Elliott. They say that they will drain cash for renewable investments. The Association of Municipal RWE Shareholders (VkA), who together own around 14% of the utility, has made a few rare comments in support of RWE Management amid increasing investor criticism of capital allocation.
Hexa Climate to invest $500 Million in Fortum India Renewables Assets
Hexa Climate Solutions - backed by I Squared Capital - has purchased Fortum's Indian Renewables Portfolio. The company plans to invest $500M to expand their clean energy projects. Hexa announced on Tuesday that the deal included a 100% stake of Fortum India, a portfolio of 206 MW renewables for commercial and industrial use, a pipeline 600 MW projects ready to build, and Fortum India's 40 member team.
Adani Green, India's clean energy company, aims to add 5 GW in clean energy by FY26 with $3.6 billion capex
Ashish Khanna, CEO of India's Adani Green Energy, said that the company plans to invest 310 billion rupees (about $3.64 billion) to add five gigawatts in clean energy during the current fiscal period. The target for capacity addition is more than 50% higher than the previous year. Adani Green is building a new energy park in Gujarat's western state. The company has a portfolio of 14.2 GW clean energy.
As crude prices fall, investors fear that Big Oil may reduce share buybacks.
Investors will pay attention to the fact that falling oil prices are increasing the risk of dividends and share purchases for the remainder of 2025. Big Oil's efforts to win over Wall Street have been based on reinvesting cash in the form of dividends and stock repurchases. U.S. president Donald Trump's announcements of global tariffs have caused fears of a weaker oil market and a possible recession…
JERA, Japan's LNG supplier, may look at Alaska, says exec
JERA, Japan’s largest power generator, could consider Alaska as a possible source of liquefied gas (LNG), according to an executive on Monday. Japanese officials will be heading to the United States for another round in tariff negotiations this week. Alaska LNG, which is a $44 billion project that includes a pipeline, an LNG plant and other components, has…
US utility Xcel claims tariff exposure is 2% to 3% of capex plan
Executives with the company stated on Thursday that a global trade war is likely to affect renewable energy supply chains and storage systems, exposing 2%-3% of Xcel Energy’s $45 billion plan for capital expenditures. The expansion of AI data centres and the electrification in industries such as transportation are driving U.S. electricity consumption to record highs.
Trump's emergency move is aimed at cutting approval time for energy projects from 28 days to 28
The Trump administration announced on Wednesday that it would implement a process of emergency permitting for energy and mining on federal land, cutting approval times from months or even years down to just 28 days. The U.S. Department of the Interior's move comes in response to the President Donald Trump declaration of a national energy emergency, which he issued on his first official day of office.
India extends the deadline for commissioning certain solar energy projects to December
A document obtained by revealed that the Ministry of New & Renewable Energy in India (MNRE), due to multiple obstacles, has extended the deadline for commissioning certain solar projects to December 2025. In a letter sent to the Solar Energy Corporation of India and the Indian Renewable Energy Development Agency, the MNRE cited the limited availability of photovoltaic modules made in India…
Azerbaijan calls on EU to reconsider finance restrictions for gas corridor expansion
Ilham Aliyev, the President of Azerbaijan said that the European Union needs to reassess their financing and policies regarding long-term contracts in order to continue importing natural gases from Azerbaijan. Baku could also look for other export markets. He cited the European Investment Bank’s ban on new financing for fossil fuels and the lack of long-term contracts to purchase gas as obstacles to increasing exports to EU.
Wood Mackenzie reduces 5-year US Wind Energy Outlook by 40% due to Trump policies
On Tuesday, a prominent energy research company slashed their five-year forecast for new U.S. Wind Energy Projects by 40%, citing Trump Administration policies and concerns over the economy. Wood Mackenzie predicts that the United States will install 45.1 gigawatts (both onshore and off-shore) of wind power through 2029. The firm had initially forecast 75.8 GW of installations over this period.
US to develop AI on Energy Department Lands
On Thursday, the administration of Donald Trump announced that it had identified 16 sites in the U.S. Department of Energy where data centers and energy plants to support artificial intelligence could be built. The rapid growth of AI has led to a boom in the demand for power in the United States, which is unprecedented in 20 years. Big Tech companies and utilities are scrambling to build data centers and new power plants.
US Senators ask Energy Secretary to comply with law regarding clean energy grants and loans
U.S. Democratic Senators on Wednesday called for Energy Secretary Chris Wright's department to comply with laws that mandate his funding of clean energy projects, which were included in laws passed prior to Donald Trump becoming president. This includes four hydrogen hubs. Wright's Department is considering funding cuts for four of seven hubs that are part of a $7 billion project to decarbonize America's economy.
US considers cutting funding to four of seven hydrogen hubs
According to a source familiar with the issue, the U.S. Department of Energy has considered cutting funding to four of seven hubs for hydrogen that were chosen under a $7-billion federal program. The hubs are part of the effort by former President Joe Biden to decarbonize U.S. economics. They aim to boost the production of clean hydrogen and the infrastructure required to deliver it to industrial users such as steelmakers and Cement plants.
Finland's Fortum explores options for long-term nuclear power
Fortum, a Finnish utility, said Monday that it would focus on renewable energy sources and nuclear life extension to meet the growing demand for electricity. It will also continue to explore long-term options such as new nuclear generation or pumped hydro. He added that the Nordics will meet this new demand by combining onshore solar and wind power with storage and flexibility solutions, and extending the life of existing nuclear reactors.
Cuba is on track to install fifty solar parks by the end of this year, according to the Ministry
The Energy Ministry announced late Wednesday that Cuba was making progress with a China-backed project to install over 50 solar parks in this year, capable of producing more than 1,000 Megawatts. This comes just days after Cuba's outdated grid collapsed, leaving millions without power. Energy officials released the most detailed report on the progress of the plan…
Shell plans to deliver gas from Venezuela to Trinidad by 2026, according to sources
Shell Plc aims to start producing natural gas in Venezuela's Dragon field and export it to Trinidad and Tobago, an hour earlier than the initial 2027 start date. The project demonstrates the industry's hope that sanctions against Venezuela will remain in place despite recent tighter enforcement. The people stated that the partners intend to begin survey work in January and decide to drill three wells. They will also need to renew their U.S.
Enel CEO: Italy's Enel wants to buy back shares as a way to reward shareholders
Enel, one of Europe's largest utilities, may offer a share repurchase to reward investors. The chief executive said this on Thursday following the presentation of 2024 results. Last year, the group reduced its net debt from 2.7 times its core earnings in 2023 to 2.4 in 2018 thanks to a comprehensive asset disposal program that began in late 2022. Renewable power generation boosted EBITDA to 22.8 billion euro…
Dutch Firms Cement Offshore Wind Collaboration
Offshore engineering specialist Enersea and EPCI management expert IX Renewables have signed a memorandum of understanding (MoU) to enhance collaboration in the offshore wind sector.IX Renewables specializes in EPCI management, offering technical, commercial, and legal expertise for offshore wind developments. Enersea brings deep technical knowledge in offshore wind engineering…
