BP's recent decision to offload its onshore wind energy business in the USA marks a significant shift in its strategic focus. Under the leadership of new CEO Murray Auchincloss, BP is pivoting back to oil and gas, revealing broader challenges and trends within the renewable energy sector. BP's
Solar energy is gaining momentum as financial investments and developmental milestones in this sector continue to make headlines. Monarch Private Capital and Invenergy have recently closed a tax equity financing of $170 million for the second phase of the Samson Solar Energy Center, underscoring
Mining operations are extremely energy-intensive, depending heavily on national power grids for their electricity needs. This dependence exposes the industry to significant challenges such as power outages, load shedding, and fluctuating electricity prices. These issues are particularly impactful
Jordan, a country with abundant sunshine, is blazing a trail in renewable energy with its ambitious solar projects. Spearheaded by the Jordan Renewable Energy and Energy Efficiency Fund (JREEEF), under the Ministry of Energy and Mineral Resources, these initiatives are vital for the country's
The transition toward green energy is gaining momentum worldwide, and Africa is no exception. At the heart of this shift stands a vital partnership: China and Africa working together to promote and manufacture electric vehicles (EVs). This collaboration is not just about economic ties or
The increasing financial burden on Americans due to rising electricity costs is a pressing issue that shows no immediate sign of abating. With unprecedented heat waves and extreme weather events continuing to strike various regions, these costs are climbing higher, straining the already fragile
