renewables

Forrest takes over CWP to become a dominant player in Australian renewables

Forrest takes over CWP to become a dominant player in Australian renewables

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Iron ore billionaire Andrew Forrest has snapped up leading renewable energy developer CWP Renewables, beating a string of big rivals and entrenching it as a dominant player in Australia’s renewables market. Forrest’s Squadron Energy, owned through its private investment vehicle Tattarang, paid more than $4 billion for CWP Renewables, beating bids from early favorites such …

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Transition to renewables continues to flounder amid climate crisis

Transition to renewables continues to flounder amid climate crisis

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Yahoo Finance columnist Rick Newman explains how the fight against climate change is impacting the energy crisis. Video transcript SEAN SMITH: The war on fossil fuels has intensified in recent years as the world focuses on ways to combat climate change. But these efforts wreak havoc when it comes to producing the energy people need, …

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High fossil fuel prices could paradoxically jeopardize the transition to renewables if voters are cold-eyed

High fossil fuel prices could paradoxically jeopardize the transition to renewables if voters are cold-eyed

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In many ways, the high energy prices of 2022 unintentionally favor renewables, as they are the cheapest form of energy and not dependent on the usual players (fracking, OPEC, Russia, etc.). So, coupled with concerns about climate change (and the extreme weather of 2022), voters in many countries are eager to address this issue, and …

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