NY poised to pass 100% clean energy bill, but advocate calls it a 'partial victory'; PG&E reaches $1B wildfire settlement with 18 public entities; French oil giant Total expands into US microgrid market with Go Electric acquisition; BNEF: Wind, solar to hit 48% of global generation by 2050, but coal use to rise until 2026
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NY Renews, a nonpartisan coalition and major advocate for the legislation, says a final version of the bill weakens the original intent, "to directly invest resources in vulnerable communities."
Battery manufacturer and Total subsidiary Saft sees the purchase as an important step in its strategy to accelerate the growth of its energy storage systems business.
Despite the growth of coal-fired generation in parts of the world, Bloomberg New Energy Finance concludes that, at least until 2030, the power sector will do its part in limiting global temperatures from rising more than 2 degrees Celsius.
While utilities had the largest share of new capacity at 1.6 GW, non-residential installations, including commercial and industrial fell, the Wood Mackenzie Power & Renewables and Solar Energy Industries Association found.
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