Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
US government backs BP’s Whiting storage project
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
BlackRock backs DAC with $550m Stratos deal
World’s largest fund manager forms joint venture with Occidental to drive forward Texas project
Amazon backs Texas DAC project with ten-year offtake
Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County
US eyes funding to scale up CO₂ transport system
Buildout of infrastructure over next decade needed to keep pace with rapid growth of country’s CCS sector
Occidental to buy DAC specialist Carbon Engineering for $1.1b
US oil company agrees to acquire Canadian developer in move to accelerate cost reductions and deployment of direct air capture technology
US selects DAC projects for $1.2b funding
Climeworks and Occidental subsidiary 1PointFive among developers set for talks with US Department of Energy over first tranche of funding for large-scale projects
ADNOC and Occidental collaborate on CCS and DAC
Strategic agreement includes evaluation of first megaton direct air capture project outside US
Buckeye buys Elysian Carbon Management
Houston-based midstream oil company signals commitment to transition with purchase of CCS developer
Denbury set for rapid CCUS expansion
Texas-based firm forms partnerships to develop 300mn t of new CO₂ storage capacity in southeastern Louisiana
Washington carbon prices surge above California
Prices in the newest US regional emissions trading scheme spike above more established California market on the back of more ambitious reduction target
Vestas has seen its second-quarter earnings hit by cost inflation and global supply chain issues
Wind US
Stuart Penson
10 August 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Vestas expects US order boost from climate act

Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance

Danish wind turbine manufacturer Vestas expects its US order intake to accelerate as the country’s renewables sector benefits from the new Inflation Reduction Act. Vestas is already engaged with customers over the impact of the act, although the first meaningful increase in firm orders may not come until 2023 as developers need time to fully understand how it will affect their projects, CEO Henrik Andersen told analysts on a second-quarter earnings call. “We welcome the clarity on what is going to happen in the US in the next ten years and we very much welcome that it includes onshore, offshore, solar and also reaches out to power-to-X or hydrogen, which has a prominent role in the act,” And

Also in this section
COP28 brings progress on Article 6
6 December 2023
Talks focus on two key provisions to Paris Agreement rules allowing international trade in emission reductions
Adnoc’s global energy leadership
4 December 2023
Oil and gas companies look to defy cynics and play pivotal role in decarbonisation as the UAE hosts COP28
Letter on carbon: Talk of the town
Opinion
4 December 2023
CCUS is under the spotlight at COP28 in Dubai as policymakers increasingly look to tap its potential to tackle hard-to-abate emissions
Outlook 2024: Negative energy pricing strategies to capitalise on flexibility assets
Outlook 2024
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
;

Search