Nov 18, 2024
European Oil Giants Reassess Renewable Energy Commitments
Major European oil companies, including BP, Shell, and Equinor, are reevaluating their renewable energy strategies, shifting focus back to oil and gas amid rising costs and profitability concerns in green projects.
In response to the energy crisis following geopolitical tensions and the declining profitability of renewable projects due to escalating costs and supply chain issues, European oil majors are scaling back investments in low-carbon initiatives such as hydrogen and offshore wind. This strategic pivot raises questions about the long-term sustainability of their energy transition plans, especially with the anticipated peak in global oil demand by the decade’s end. Read more.
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Jun 5, 2025
Renewable Energy Investors Receive Mixed Signals In The U.S.
In early 2025, U.S. clean energy investments faced significant setbacks, with $8 billion in projects canceled amid policy uncertainties and shifting federal priorities.
U.S. Utility-Scale Solar Installations Drop 30% in Q1 2025 Amid Policy Uncertainty
In the first quarter of 2025, the U.S. installed 4.4 GW of utility-scale solar power, marking a 30% decrease from the previous year’s record, as policy uncertainties and market challenges impact the renewable energy sector.