Latest news with #WindPower
Yahoo
3 days ago
- Business
- Yahoo
Top Wind Energy Stocks That Will Drive Long-Term Portfolio Growth
An updated edition of the Jun 11, 2025 energy is increasingly recognized for its significant role in combating climate change, reducing carbon emissions and enhancing energy security globally. Among various alternative energy sources, wind power has emerged as a key driver of the clean energy power capacity in the United States has grown significantly over the past couple of decades, rising from 2.4 gigawatts (GW) in 2000 to more than 153 GW in 2024. Per a report by the International Energy Agency (IEA), wind power output increased 6.4% year over year in 2024, accounting for 10% of total U.S. utility-scale electricity generation. The lucrative tax credits, coupled with cost reductions in wind energy production led by technological advancements, have rekindled wind project has been a major swing in the U.S. generation mix over the years, driven by the significant growth in wind generation capacity. Per the U.S. Energy Information Administration (EIA) report, wind power accounted for approximately 27% of capacity additions on average to the U.S. power system since wind energy market is capitalizing on several favorable trends, including growing electricity demand driven by Artificial Intelligence (AI)-powered data centers, widespread adoption of electric vehicles (EV) and rapid industrialization. Per the latest Short-Term Energy Outlook published by the U.S. Energy Information Administration (EIA), the U.S. grid is projected to add 7.7 GW of wind generation capacity in 2025, reflecting an increase from 5.1 GW added last projected increase will be supported by large offshore wind projects, including the 800-megawatt (MW) Vineyard Wind 1 in Massachusetts and the 715-MW Revolution Wind in Rhode Island. States like Texas, Massachusetts and Wyoming will see nearly half of 2025 wind capacity wind energy companies like Dominion Energy, Inc. D, DTE Energy Company DTE, Brookfield Renewable Partners L.P. BEP and Arcosa, Inc. ACA present compelling opportunities for investors, given their strong foothold in the market, research and development capabilities and market expansion. As clean energy technologies evolve, they are set to capitalize on growth opportunities and provide lucrative investment prospects. Our Wind Energy Screen helps identify stocks with high growth potential in this dynamic sector. 4 Wind Energy Stocks to Keep an Eye On Arcosa is a well-known provider of infrastructure-related products and services that serve the energy, construction and transportation markets. The company's Engineered Structures business provides wind towers, utility structures and telecommunication structures for wind power generation, electricity transmission and distribution, and wireless communication Zacks Rank #2 (Buy) company's Engineered Structures business continues to witness strong demand for its wind towers and engineered structures. Robust orders for its utility structures, driven by increasing grid hardening and reliability initiatives, have been driving its performance. The passage of the Inflation Reduction Act (IRA) has been a significant growth catalyst for ACA's wind towers business. Since the passage of the act, Arcosa has grabbed $1.1 billion worth of new orders through 2028. A significant portion of these orders will cater to the wind energy expansion projects in the significant growth in new orders and a strong backlog level led Arcosa to open a new plant in New Mexico and it started delivering towers from the facility in the second quarter of 2024. The company remains well-placed to benefit from the growing requirement for load enhancements in the United Energy, together with its subsidiaries, produces and transports energy in the United States. It is a major energy company engaged in regulated and non-regulated electricity distribution, generation and transmission businesses. The company has a portfolio of nearly 30,300 MW of electric-generating capacity, 10,600 miles of electric transmission lines and 79,700 miles of electric distribution Energy has a well-chalked-out long-term capital expenditure plan to strengthen and expand its infrastructure. After spending $6 billion in the 2018-2022 period, the company plans to invest $10.8 billion in 2025 and $50 billion in the 2025-2029 period to further strengthen its operations. Its long-term objective is to operate more battery storage, solar, hydro and wind (offshore as well as onshore) projects by 2036 and increase the renewable energy capacity by more than 15% per year, on average, over the next 15 2035, the Zacks Rank #2 company also intends to make zero and low-emitting resources accountable for 99% of its electric generation. The company is working on offshore wind projects and battery storage projects to lower Renewable Partners owns and operates several renewable power generating facilities. The company's power generating portfolio is comprised of hydroelectric generating, wind facilities and natural gas-fired plants. It has operations in the United States, Canada and Zacks Rank #2 company's exposure in wind and utility-scale solar generation sectors has been enabling it to capitalize on the growing opportunities across the renewable power sectors, with high cash margins and minimum fuel input cost. BEP has a target of $8-$9 billion investment over the next five years and intends to raise its funds from operations (FFO) per unit by more than 10% on an annual basis in the long Renewable has a strong development pipeline, with a massive 200 GW worth of projects. Also, its pace of commissioning projects is tracking toward 10 GW a year, which is expected to grow in the coming years. Also, its renewable energy framework deal with Microsoft to provide more than 10.5 GW of clean energy capacity between 2026 and 2030 holds Energy is a diversified energy company that develops and manages energy-related businesses and services. The company has been investing steadily to enhance its renewable generation assets. DTE aims to invest more than $10 billion in the clean energy transition over the next 10 promote clean energy, DTE has its MIGreen Power program, through which it offers its customers the option to source their energy usage from renewables. This program aims to substantially accelerate the development of new wind and solar projects across 2026, DTE Energy aims to add more than 1,000 MW of new clean energy projects to meet this program's demand. Such clean energy-related initiatives should enable DTE to meet its carbon emission reduction target. Notably, this Zacks Rank #3 (Hold) company plans to reduce carbon emissions of its electric utility operations by 65% in 2028, 85% in 2032 and 90% by 2040 from the 2005 can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DTE Energy Company (DTE) : Free Stock Analysis Report Dominion Energy Inc. (D) : Free Stock Analysis Report Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report Arcosa, Inc. (ACA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
21-04-2025
- Politics
- Yahoo
EPA chief Lee Zeldin blasts NY green energy law as ‘delusional' and a ‘catastrophe'
Environmental Protection Agency Administrator Lee Zeldin slammed New York's Climate Act, advanced by Gov. Kathy Hochul and New York Democrats, Sunday as 'delusional' and a 'left-wing recipe for an energy and economic catastrophe.' Zeldin's barbs come after the Trump administration last week halted the Empire Wind Power project off the New York-New Jersey coast, a setback to the state's effort to meet emission reduction mandates under its much-criticized green energy law. 'New York's lofty climate goals don't come equipped with any feasible plan to actually achieve them. The consequence is that the people who can least afford the economic pain are the ones who get targeted and harmed the most,' Zeldin told The Post. New York foolishly banned the 'safe extraction' of natural gas, gas hookups on new building construction, and gas stoves, while pushing to eliminate the sale of gas-powered vehicles, and blocking new pipeline construction, he said. 'This is a left-wing recipe for an energy and economic catastrophe. The idea that we can replace baseload forms of power with intermittent power like wind is simply delusional,' said the former Long Island congressman, a Republican who ran against Hochul for governor in 2022. Other mainstream energy experts agreed that New York has to rework the climate law to make it more practical, and less reliant on solar and wind energy, and to axe unattainable mandates to go carbon emissions free. Under the plan, New York must reduce greenhouse gas emissions 40% by 2030 and have 100% zero-emission electricity by 2040. Rules require the Empire State to generate 9,000 megawatts of offshore wind energy by 2035, 6,000 megawatts of solar energy by 2025 and build 3,000 megawatts of energy storage by 2030. John Howard, former interim chairman of the Public Service Commission, said it's time to go back to the drawing board. 'We can flap our arms. It doesn't mean we're going to fly,' Howard said. 'Let's face reality.' The Climate Act was approved by then-Gov. Andrew Cuomo and the Democratic-run legislature in 2019. He said the law was 'well-intentioned' but overly optimistic, even naive. 'The circumstances have changed,' Howard said. 'Let's figure out what we're going to do.' To complicate things further, the favorable tax credits for renewable energy to promote solar and wind power might be slashed or eliminated entirely in the next budget approved by President Trump and the Republican-run Congress, he noted. New York residents may soon feel the results of the climate law in their wallets as well. Utility giant Con Edison recently proposed double-digit rate hikes for gas and energy bills, blaming the hikes partially on the cost of complying with green mandates. New York Democrats have joined Republicans in urging the governor to pump the brakes on the timeline forcing New Yorkers to switch from gas-powered cars to emission-free electric autos. New Yorkers are also lining up in opposition to dozens of new lithium-ion battery energy storage facilities planned across the Big Apple and beyond, over fears they could spark toxic infernos in residential neighborhoods. Some critics warned that the green energy law was wrong-headed from the start. 'There needs to be an honest discussion about the energy mandates and whether they are real or not,' said Gavin Donohue, president and CEO of the Independent Power Producers of New York. 'There needs to be an honest discussion on the impracticality of the law.' Donohue, who served on the state's Climate Action Council, complained there wasn't a rigorous analysis on whether the deadlines to transition away from fossil fuel to renewables such as solar and wind were achievable. 'We have a state that doesn't issue permits for fossil fuels,' he said. Hochul on Sunday was non-committal about amending the Climate Act, which would almost certainly face backlash from lefty environmentalists. She criticized the Trump team's decision to suspend the Empire Wind project that was previously approved and in construction. 'The governor has led by example in New York's ongoing transition to a clean energy economy: we have one of the cleanest grids in the nation — with 50% zero-emission electricity — and are a gold standard in reliability,' Hochul spokesman Paul DeMichele said. 'The governor recognizes that we can only continue to serve as that good example if the lights stay on and costs are low — and she will use every tool at her disposal to ensure that happens. And that includes the fully federal permitted Empire 1 Wind project that the Trump administration is actively disrupting, putting thousands of jobs at risk and having a detrimental impact on the safe, affordable and reliable operation of New York's electric grid.' But Zeldin said it's the Trump administration that is demanding a more balanced energy and environmental approach. 'The Trump EPA understands that we can and must protect the environment AND grow the economy. We are focused on protecting human health and the environment while Powering the Great American Comeback,' he said.
