Wind power generation

Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation's electric grid, an aging system built for a world that runs on fossil fuels.Domestic electricity demand in 2022 is expected to increase up to 18% by 2030 and 38% by 2035, according to an analysis by the Rapid Energy Policy Evaluation and Analysis Toolkit, or REPEAT, an energy policy project out of Princeton University. That's a big change over the roughly 5% increase we saw in the past…

An Orange-Bellied Parrot perched on the edge of a feeding bowl. The species is listed as being critically endangered.Margot Kiesskalt | Istock | Getty ImagesPlans for a major new wind farm in Australia were given the thumbs up this month — on the provision its turbines go offline for five months a year to protect a parrot species.In an environmental assessment report of the Robbins Island Renewable Energy Park, Tasmania's Environment Protection Authority said its board had "determined to approve the proposal" for the…

Wind turbines in the Netherlands. A report from the International Energy Agency "expects renewables to become the primary energy source for electricity generation globally in the next three years, overtaking coal."Mischa Keijser | Image Source | Getty ImagesRenewables are on course to overtake coal and become the planet's biggest source of electricity generation by the middle of this decade, according to the International Energy Agency.The IEA's Renewables 2022 report, published Tuesday, predicts a major shift within the…

This image, from Sept. 2022, shows French President Emmanuel Macron speaking with workers on board a boat during a visit to the Saint-Nazaire Offshore Wind Farm.Stephane Mahe | AFP | Getty ImagesA facility described as "France's first commercial-scale offshore wind project" is fully operational, multinational utility EDF said this week.The news represents a significant step forward for the country's offshore wind sector, with more projects set to come online in the years ahead.In a statement Wednesday, EDF said the…

Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022.Paul Ellis | AFP | Getty ImagesThe CEO of Siemens Energy on Wednesday argued that the energy transition would fail unless his industry addressed a number of issues currently facing the wind power sector.In an interview with CNBC's "Squawk Box Europe," Christian Bruch said his firm was "in the heart of the energy transition" but noted that there were "challenges in wind" especially when it came to supply chains."Never forget,…

Offices of Equinor photographed in Feb. 2019. Equinor is one of several companies looking at developing floating wind farms.Odin Jaeger | Bloomberg | Getty ImagesA facility described as the world's largest floating wind farm produced its first power over the weekend, with more turbines set to come online before the year is out.In a statement Monday, Norwegian energy firm Equinor — better known for its work in the oil and gas industry — said power production from Hywind Tampen's first wind turbine took place on Sunday…

The energy sector requires new companies with the mentality of a Tesla or Amazon to push forward in the years ahead, according to the ex-CEO of energy infrastructure powerhouse Snam."It took a Tesla to disrupt ... the car manufacturing sector, it took an Amazon to disrupt the retail market, and I think it's going to take new companies to disrupt the energy sector," Marco Alvera, who is now the CEO of Tree Energy Solutions, a firm looking to develop projects that use green hydrogen, said.Alvera, who was speaking to CNBC's…

BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm's strategy was to "to invest in hydrocarbons today, because today's energy system is a hydrocarbon system."F. Carter Smith | Bloomberg | Getty ImagesBP's strategy is centered around investing in hydrocarbons whilst simultaneously putting money into the planned energy transition, the oil and gas supermajor's CEO said Monday.  "What the world needs, more than ever right now, is a conversation and a…

Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022.Hussam Shbaro | Anadolu Agency | Getty ImagesOil is all Russia's economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden."Oil is the only thing they have left in that economy … Putin has destroyed the rest of the economy," Hochstein told CNBC's Hadley Gamble Monday."All he's got left is the stuff that comes out of the ground. He won't sell his gas to Europe…

Wind turbines photographed off the coast of Wales. Clean energy investment could be on course to exceed $2 trillion per year by 2030, according to the International Energy Agency.Ben Birchall | PA Images | Getty ImagesInternational Energy Agency Executive Director Fatih Birol told CNBC Thursday that the main driver of clean energy investment was energy security rather than climate change.Namechecking the Inflation Reduction Act in the U.S. and other packages in Europe, Japan and China, Birol said a "major increase in…