Xcel Energy’s self-build 522-MW Sagamore Wind Project in eastern New Mexico, on the Texas border, is now online. It’s New Mexico’s largest single wind farm. The Sagamore Wind Project was officially completed yesterday by Minneapolis-based utility holding company Xcel Energy. The wind farm consists of 240 wind turbines that can produce 522 megawatts. The turbines are 460
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Institutional Investor Hall of Famer Richard Bernstein sees a risky market dynamic. He’s questioning why so many investors prefer momentum names in technology when the economy is getting ready to boom. “The whole innovation disruption thing is becoming a sucker’s bet,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Wednesday. “Fundamentals
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(Bloomberg) — Native Alaskans and environmental groups are asking a federal court to block the Trump administration from selling oil drilling rights in the Arctic National Wildlife Refuge next month. The groups on Tuesday filed requests with an Anchorage judge for a preliminary injunction to prevent the Interior Department’s planned Jan. 6 auction of oil and gas
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Investors are increasingly interested in companies that are environmentally and socially conscious, and the world’s largest asset manager is no exception. In an annual letter to CEOs earlier this year, BlackRock Chairman and CEO Larry Fink said “climate change has become a defining factor in companies’ long-term prospects … But awareness is rapidly changing, and I believe
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December 15th, 2020 by World Resources Institute  Originally published on WRI’s Resource Institute Blog.By Johannes Friedrich, Mengpin Ge and Andrew Pickens  A lot has happened since countries met in Paris in 2015 and agreed on an accord to combat climate change. So far, more than 189 countries ratified or otherwise joined the Paris Climate Agreement, representing more than 81% of global
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December 14th, 2020 by The Beam  Originally published in The Beam. Cassetex produces a solar-powered battery swapping service for electric 3-wheelers in Bangladesh. Out of 68 teams and 3,000 entrepreneurs pitching in total, the startup won the first prize in the ClimateLaunchpad annually organized by EIT Climate-KIC. As part of the competition, they went through
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(Bloomberg) — OPEC cut forecasts for oil demand again as the group and its allies prepare to weigh up whether they can continue gradually restoring halted supplies. The Organization of Petroleum Exporting Countries reduced projections for global fuel consumption in the first quarter of 2021 by 1 million barrels a day, it said in a
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