Tag: wind power

According to Ember’s executive summary of the report, record solar and wind construction in 2023 means “a new era of falling fossil generation is imminent.”

The impairments of the projects, Ocean Wind 1 and 2 located in New Jersey, will likely be as high as $5.58 billion.

The RMI report said that by 2030, solar and wind are "predicted to generate 12,000 to 14,000 terawatt hours of power" or three to four times the capacity of 2022 levels.

“The benefit of rapid renewable deployment is greater energy security and independence, plus long-term energy price deflation because this is a manufactured technology — the more you install the cheaper it gets.”

“This report shows that the Inflation Reduction Act successfully creates an air-tight business case for supporting U.S. workers and manufacturers."

Despite climate action often being frustrated by Republican leaders in Congress and at the local level, states with Republican governors and a majority of Republican state legislators are leading the nation in solar and wind.

“Now that renewable electricity is so cheap, this should cause us to seriously rethink the role of CCS.”

“Investing in offshore wind is an essential piece of the puzzle when it comes to California building an electricity grid that is resilient, reliable and renewable."

“With this procurement, New Jersey has continued to establish itself as a national leader in offshore wind."

In January, the UK government announced plans to phase out coal generation by 2025.