The U.S. is projected to export more crude oil and petroleum combined than it imports until 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2020. In two scenarios, one with more oil and gas supply and the other with higher oil prices, the agency expects the nation to become a net exporter…
DetailsThe NY Green Bank’s fourth quarter of 2019 was the strongest to date, adding nearly $118 million to its portfolio, according to a Feb. 14 announcement. With portfolio commitments exceeding $909 million, the bank has spurred $2.4 billion in clean energy investments. The bank was established in 2013 to alleviate market barriers, motivating private sector…
DetailsThe Maine Public Utilities Commission issued a request for proposals from renewable generation resources for the sale of energy or renewable energy credits, according to a Feb. 14 news release. The move stems from legislation enacted in 2019 directing the commission to conduct two competitive solicitations for long-term procurement contracts for an amount of energy…
DetailsVineyard Wind LLC no longer expects its 800-megawatt offshore project to begin commercial operation in 2022, according to a Feb. 11 announcement, after the Bureau of Ocean Energy Management updated the permitting schedule for the project. The revised schedule indicates that the final environmental review will be issued on Nov. 13, later than what was…
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