“The renewables industry took more than 20 years to install the first 17 gigawatt of offshore wind,” said Jerome Pecresse, CEO Renewable Energy. “Today, the industry forecasts that it will install more than 90 gigawatts over the next 12 years,”...
Shares of carmakers declined after the decision.
The Louisiana Offshore Oil Port, the only deep water port in the U.S. able to handle the industry’s biggest tankers, said it had successfully completed the first loading of a very large crude carrier.
While the system would be a niche market in the global nuclear industry, it could be highly lucrative for the company that cracks the technology.
States in the Northeast are betting they can create their own windmill industry however, it will be costly but perhaps necessary as Trump pushes for more factory jobs and picks fights with those making parts abroad.
Most American solar companies oppose tariffs, saying they will cripple the industry and kill tens of thousands of jobs — and In the short term, many are lobbying to keep any duties as low as possible.
The International Energy Agency predicts that the U.S. will hit production above 10 million bpd, overtaking Saudi Arabia and rivaling Russia during the course of 2018.
The oil and gas producer will acquire a 44% stake in Silicon Ranch Corp., which owns and operates about 100 solar facilities across the U.S.
“The only question is will the customers be there with us and we think they will.”