Latest news with #Cleanview
Yahoo
13-06-2025
- Business
- Yahoo
Chart: Hundreds of gigawatts of clean energy at risk with GOP bill
See more from Canary Media's "Chart of the week' column. Amid rising power bills and surging energy demand, Republicans in Congress are set to undermine the country's primary source of new electricity — clean energy. The 'Big Beautiful Bill' passed in May by House Republicans and now being considered by the Senate would rapidly phase out key clean-energy tax credits, casting uncertainty over more than 600 gigawatts' worth of solar, battery, and wind projects slated to come online in 2028 or later, according to new analysis from research firm Cleanview. To be fair, the 600-GW figure is based on what's currently in the interconnection queue, and a good number of those projects won't get built regardless of the fate of the tax credits. (Projects often drop out of the queue for all kinds of reasons.) But if the bill kneecaps even a fraction of what's anticipated, it will have serious consequences for the U.S. energy system. For context, the entirety of the U.S. had a generating capacity of around 1,200 gigawatts at the end of 2023. The current version of the legislation would rapidly phase out federal tax credits that encourage clean energy development. As it stands, developers would be eligible for the tax credit only if their projects begin construction within 60 days of the bill's passage and if they come online before the end of 2028. That puts the 318 GW worth of projects planned to be completed in 2029 and later at explicit risk of losing their tax-credit eligibility. It also jeopardizes 2028 projects that either can't break ground with just two months' notice or which might hit snags that push their completion into 2029. That doesn't necessarily mean those projects would be cancelled, but it would scramble their economics, which were calculated under an entirely different set of policy assumptions. It's near certain that some would fall through. Many more would be delayed as developers hash out new financial terms — read: higher power prices that will be passed onto consumers. A slowdown in clean energy construction is the exact opposite of what the moment demands. These days, when a new energy project is built in the U.S., more than nine times out of 10 it is a solar, battery, or wind installation. That's not an exaggeration. In 2024, solar, batteries, and wind made up 93% of new energy resources. The year before that, it was 94%. Meanwhile, construction of new large-scale fossil-gas power plants is constrained by turbine shortages that are unlikely to ease in the near term. At the same time, electricity demand is surging and expected to climb even higher in coming years as the development of AI sets off a race to construct power-hungry data centers. If congressional Republicans pass a bill that stifles solar, batteries, and wind, study after study predicts the same outcome: higher energy bills — and more planet-warming emissions.
Yahoo
10-06-2025
- Business
- Yahoo
Texas is the surprising ground zero for an increasingly critical area — here's what you need to know
Texas has quickly become the largest clean energy market in the U.S. today. Yes, you read that right — the state synonymous with the oil and gas industry is now the leader in renewable energy. In 2025, 33% of all new renewable and storage projects will be built in the Lone Star State, according to data from Cleanview, the platform I founded that tracks clean energy growth. After hundreds of hours of building data pipelines, cleaning data, and reading through thousands of public documents tied to energy growth in Texas, we have a good sense of what is likely to be built. Here's the headline: Virtually all new power projects trying to connect to the state's grid are solar, wind, and battery storage. That'd be great in any market, but it's especially important in Texas. The state is ground zero for America's electricity demand growth story. Data centers, electrification, and population growth are all fueling huge growth in Texas. The country hasn't seen anything like it since the post-World War II era. Without all that new clean energy, Texas would be burning coal, natural gas, and oil to meet that new electricity demand. Instead, the state has been decarbonizing its grid through this period of huge growth. Clean energy has been good for everyone in Texas. Solar and wind have helped meet growing electricity demands. Batteries have helped prevent blackouts and brownouts. And everyone is paying cheaper electricity prices as a result. And new developments mean clean energy growth will be even faster in Texas, thanks to a new bill passed by the Texas legislature that will make it easier and faster to install solar and storage. Should the government be paying people to hunt invasive species? Definitely Depends on the animal No way Just let people do it for free Click your choice to see results and speak your mind. Today, solar permitting is absurdly slow. That's one reason why it costs three times more to install solar on your roof in the U.S. than it does in a country like Australia. In many cities, homeowners have to wait weeks for local officials to review paperwork, schedule inspections, and issue approvals. These delays increase costs and slow adoption. This new law changes that. It lets homeowners use licensed third-party reviewers to handle inspections and paperwork. Once the review is submitted, construction can begin immediately — and cities have just two business days to finalize the permit. This is a big deal for energy independence and resilience. It cuts red tape, reduces costs, and empowers more Texans to take control of their energy — all the more important in a state where millions lost power during Winter Storm Uri. The bill passed with overwhelming bipartisan support. And it shows what's possible when lawmakers focus on practical solutions instead of political posturing. There's a lot that we shouldn't learn from Texas. But when it comes to building clean energy, the state is doing something right. And anyone who wants to build clean energy faster should take note. Editor's note: If you want to use your voice to make a difference, you can look up how to contact your own state senators here — whether or not (and perhaps especially if not) they appear on this list. Michael Thomas is the founder of Cleanview, a platform that helps clean energy leaders track the energy transition in real-time, and the author of a newsletter about climate change, Distilled, that has been read by more than 50 million people. Follow Michael on LinkedIn here, where this post appeared in its original form, or subscribe to his newsletter here. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
10-04-2025
- Business
- Yahoo
Is NextEra Energy, Inc. (NEE) the Best Clean Energy Stock to Buy According to Billionaires?
We recently published a list of the 10 Best Clean Energy Stocks to Buy According to Billionaires. In this article, we are going to take a look at where NextEra Energy, Inc. (NYSE:NEE) stands against other top clean energy stocks according to billionaires. The current overall bearish trend has also dealt a massive blow to the energy sector, which fell by more than 15.7% over the last five days, against a decline of less than 10% by the overall market. This is despite the fact that energy commodities were exempted from President Trump's sweeping new tariffs – a clear tactic to keep energy inflation in check and in-line with his broader aim to keep energy prices low. The biggest reason for this is the prevailing anxiety about what these tariffs will do to economic growth and, hence, the power demand. The decline in energy stocks also indicates that the market is not expecting any reindustrialization of America to happen in the near term, which appears to be the President's key aim behind his upending of the entire global trade system. READ ALSO: 12 Best Nuclear Power Stocks To Buy Now That said, the global renewable energy industry is growing at a record pace as the world moves ahead with its energy transition to mitigate the impacts of climate change. According to the International Renewable Energy Agency, the global renewable power capacity reached 4,448 gigawatts (GW) in 2024, with an addition of 585 GW just last year. This represented a 92.5% share of the total capacity expansion during the year and marked a record 15.1% rate of annual growth. The American clean energy sector has kept up with this explosive growth and brought online 48.2 GW of capacity from utility-scale solar, wind, and battery storage in 2024, according to research organization Cleanview. Renewables are set to continue this momentum, and the US Energy Information Administration expects the share of new power capacity to come online this year from renewables and batteries to jump to 93%. One sector that has particularly garnered accelerated investor interest over the last year is nuclear energy. The International Energy Agency recently revealed that nuclear is set to generate a record level of electricity in 2025. Moreover, on the sidelines of the CERAWeek conference in Houston last month, several major corporations even signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. Another sector that has performed exceptionally well is that of energy storage, which set a new record with 12.3 GW of installations across all segments in the US last year. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. However, the country's rapidly expanding sector now faces a serious threat since over 90% of lithium-ion energy storage cells deployed in the US storage market last year originated from China, according to Rho Motion, a data research company. Despite the Trump administration's best efforts to hamper its growth, the clean energy sector continues to be backed up by an increasing number of hedge funds and billionaires. A great example is how Berkshire Hathaway Energy, a wholly-owned subsidiary of Warren Buffett's Berkshire Hathaway, has invested over $40 billion in wind, solar, and hydroelectric projects and operates one of the largest renewable energy portfolios in America. A wind turbine, its blades spinning to generate clean renewable energy. To collect data for this article, we scanned Insider Monkey's database of billionaires' stock holdings and picked the top 10 companies operating in the renewable energy sector with the highest number of billionaire investors in the Insider Monkey database in Q4 of 2024. When two or more companies had the same number of billionaires backing them, we ranked them by the revenue of their last financial year. Following are the Best Clean Energy Stocks According to Billionaires. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaire Holders: 17 Topping our list of the Best Clean Energy Stocks to Invest in is NextEra Energy, Inc. (NYSE:NEE), the world's largest generator of renewable energy from the wind and sun and a global leader in battery storage. It is also the owner of the Florida Power & Light Company – America's largest electric utility, which benefits greatly from Florida's famous sunshine and growing population. NextEra Energy, Inc. (NYSE:NEE) had a mixed Q4 2024 as its adjusted EPS of $0.53 was in-line with market expectations. However, the company's revenue of $5.39 billion was down 21.7% YoY and missed estimates by a significant $2.53 billion. NEE managed to increase its FY 2024 adjusted EPS by over 8% compared to the previous year, and since 2021, the company has delivered compound annual growth and adjusted EPS of over 10%, which is the highest among all top 10 power companies. NextEra continues its focus on expansion and has announced plans to invest roughly $120 billion across the US in the next four years, allowing it to grow its combined fleet to roughly 121 gigawatts. NextEra Energy, Inc. (NYSE:NEE) grew its cash flow from operations by more than 17% in FY 2024 and raised its quarterly dividend by 14% to $0.5665 per share in February. This move marked 29 consecutive years of consistent dividend growth for NEE, placing it among the 15 Best Dividend Aristocrat Stocks with Over 3% Yield. Overall, NEE ranks 1st on our list of the best clean energy stocks to buy according to billionaires. While we acknowledge the potential of renewable energy stocks , our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NEE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Is Daqo New Energy Corp. (DQ) the Best Clean Energy Stock to Buy According to Billionaires?
We recently published a list of the 10 Best Clean Energy Stocks to Buy According to Billionaires. In this article, we are going to take a look at where Daqo New Energy Corp. (NYSE:DQ) stands against other top clean energy stocks according to billionaires. The current overall bearish trend has also dealt a massive blow to the energy sector, which fell by more than 15.7% over the last five days, against a decline of less than 10% by the overall market. This is despite the fact that energy commodities were exempted from President Trump's sweeping new tariffs – a clear tactic to keep energy inflation in check and in-line with his broader aim to keep energy prices low. The biggest reason for this is the prevailing anxiety about what these tariffs will do to economic growth and, hence, the power demand. The decline in energy stocks also indicates that the market is not expecting any reindustrialization of America to happen in the near term, which appears to be the President's key aim behind his upending of the entire global trade system. READ ALSO: 12 Best Nuclear Power Stocks To Buy Now That said, the global renewable energy industry is growing at a record pace as the world moves ahead with its energy transition to mitigate the impacts of climate change. According to the International Renewable Energy Agency, the global renewable power capacity reached 4,448 gigawatts (GW) in 2024, with an addition of 585 GW just last year. This represented a 92.5% share of the total capacity expansion during the year and marked a record 15.1% rate of annual growth. The American clean energy sector has kept up with this explosive growth and brought online 48.2 GW of capacity from utility-scale solar, wind, and battery storage in 2024, according to research organization Cleanview. Renewables are set to continue this momentum, and the US Energy Information Administration expects the share of new power capacity to come online this year from renewables and batteries to jump to 93%. One sector that has particularly garnered accelerated investor interest over the last year is nuclear energy. The International Energy Agency recently revealed that nuclear is set to generate a record level of electricity in 2025. Moreover, on the sidelines of the CERAWeek conference in Houston last month, several major corporations even signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. Another sector that has performed exceptionally well is that of energy storage, which set a new record with 12.3 GW of installations across all segments in the US last year. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. However, the country's rapidly expanding sector now faces a serious threat since over 90% of lithium-ion energy storage cells deployed in the US storage market last year originated from China, according to Rho Motion, a data research company. Despite the Trump administration's best efforts to hamper its growth, the clean energy sector continues to be backed up by an increasing number of hedge funds and billionaires. A great example is how Berkshire Hathaway Energy, a wholly-owned subsidiary of Warren Buffett's Berkshire Hathaway, has invested over $40 billion in wind, solar, and hydroelectric projects and operates one of the largest renewable energy portfolios in America. A production line of solar cells, the lifeline of the corporation. To collect data for this article, we scanned Insider Monkey's database of billionaires' stock holdings and picked the top 10 companies operating in the renewable energy sector with the highest number of billionaire investors in the Insider Monkey database in Q4 of 2024. When two or more companies had the same number of billionaires backing them, we ranked them by the revenue of their last financial year. Following are the Best Clean Energy Stocks According to Billionaires. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaire Investors: 7 Daqo New Energy Corp. (NYSE:DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Based in China, the company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world's lowest-cost producers of high-purity polysilicon. Daqo New Energy Corp. (NYSE:DQ) beat forecasts in Q4 2024 as its adjusted EPS of -$2.56 was above market estimates by $0.99. The company's revenue of $195.36 million, though down by over 59% YoY, also topped expectations by $41.82 million. Moreover, DQ reached an annual polysilicon productive volume of 205,068 metric tons in 2024, meeting its guidance of 200,000 metric tons to 210,000 metric tons and up 3.7% compared to 2023. Despite the losses, the firm maintained strong liquidity and ended 2024 with a balance of quick assets of $2.2 billion, which can be readily converted to cash if required. Daqo New Energy Corp. (NYSE:DQ) is one of the most efficient polysilicon producers in the world, having achieved its cost advantages through innovation and disciplined management. This positions the company to capitalize on the next cyclical upswing, as supply diminishes due to the consolidation in the market while the global demand for polysilicon grows at a projected 12.8% annually. Daqo New Energy Corp. (NYSE:DQ) is included among the 10 Best Solar Stocks to Buy in 2025. Overall, DQ ranks 9th on our list of the best clean energy stocks to buy according to billionaires. While we acknowledge the potential of renewable energy stocks , our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DQ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Is Brookfield Renewable Corporation (BEPC) the Best Clean Energy Stock to Buy According to Billionaires?
We recently published a list of the 10 Best Clean Energy Stocks to Buy According to Billionaires. In this article, we are going to take a look at where Brookfield Renewable Corporation (NYSE:BEPC) stands against other top clean energy stocks according to billionaires. The current overall bearish trend has also dealt a massive blow to the energy sector, which fell by more than 15.7% over the last five days, against a decline of less than 10% by the overall market. This is despite the fact that energy commodities were exempted from President Trump's sweeping new tariffs – a clear tactic to keep energy inflation in check and in-line with his broader aim to keep energy prices low. The biggest reason for this is the prevailing anxiety about what these tariffs will do to economic growth and, hence, the power demand. The decline in energy stocks also indicates that the market is not expecting any reindustrialization of America to happen in the near term, which appears to be the President's key aim behind his upending of the entire global trade system. READ ALSO: 12 Best Nuclear Power Stocks To Buy Now That said, the global renewable energy industry is growing at a record pace as the world moves ahead with its energy transition to mitigate the impacts of climate change. According to the International Renewable Energy Agency, the global renewable power capacity reached 4,448 gigawatts (GW) in 2024, with an addition of 585 GW just last year. This represented a 92.5% share of the total capacity expansion during the year and marked a record 15.1% rate of annual growth. The American clean energy sector has kept up with this explosive growth and brought online 48.2 GW of capacity from utility-scale solar, wind, and battery storage in 2024, according to research organization Cleanview. Renewables are set to continue this momentum, and the US Energy Information Administration expects the share of new power capacity to come online this year from renewables and batteries to jump to 93%. One sector that has particularly garnered accelerated investor interest over the last year is nuclear energy. The International Energy Agency recently revealed that nuclear is set to generate a record level of electricity in 2025. Moreover, on the sidelines of the CERAWeek conference in Houston last month, several major corporations even signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. Another sector that has performed exceptionally well is that of energy storage, which set a new record with 12.3 GW of installations across all segments in the US last year. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. However, the country's rapidly expanding sector now faces a serious threat since over 90% of lithium-ion energy storage cells deployed in the US storage market last year originated from China, according to Rho Motion, a data research company. Despite the Trump administration's best efforts to hamper its growth, the clean energy sector continues to be backed up by an increasing number of hedge funds and billionaires. A great example is how Berkshire Hathaway Energy, a wholly-owned subsidiary of Warren Buffett's Berkshire Hathaway, has invested over $40 billion in wind, solar, and hydroelectric projects and operates one of the largest renewable energy portfolios in America. An agricultural field full of solar panels, capturing the sun's energy for the company. To collect data for this article, we scanned Insider Monkey's database of billionaires' stock holdings and picked the top 10 companies operating in the renewable energy sector with the highest number of billionaire investors in the Insider Monkey database in Q4 of 2024. When two or more companies had the same number of billionaires backing them, we ranked them by the revenue of their last financial year. Following are the Best Clean Energy Stocks According to Billionaires. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaire Investors: 6 Brookfield Renewable Corporation (NYSE:BEPC) is one of the world's largest owners, operators and developers of renewable power, with $52 billion of power assets under management. Its diversified portfolio consists of hydroelectric, wind, solar, distributed energy and sustainable solutions across five continents. Brookfield Renewable Corporation (NYSE:BEPC) delivered an EPS of -$0.06 in Q4 2024, beating market estimates by $0.33. However, the company's revenue of $1.43 billion fell short of expectations by $21.1 million, despite being up by 8.24% YoY. BEPC also reported 10% FFO per unit growth in 2024 and expects to maintain this growth rate for years to come. Brookfield currently boasts an annual dividend yield of 5.85% and aims to continue increasing its high-yielding dividend at a 5% to 9% annual rate. Brookfield Renewable Corporation (NYSE:BEPC) has a massive backlog of development projects around the globe and ended the year with an eye-watering 200 GW of projects under development, including 65 GW in its advanced-stage pipeline. The company also signed a multibillion-dollar deal with Microsoft last year to deliver over 10.5 GW of new renewable energy capacity between 2026 and 2030 to the tech giant in the US and Europe. Overall, BEPC ranks 10th on our list of the best clean energy stocks to buy according to billionaires. While we acknowledge the potential of renewable energy stocks , our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BEPC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
