Solar

Yesterday, Virginia Governor Ralph Northam signed Executive Order Forty-Three, which establishes ambitious statewide goals and targets for clean energy deployment and expands upon the Commonwealth’s commitments to reduce its environmental impact, mitigate the impacts of climate change, and boost the clean energy economy in Virginia. The Executive Order lays out Virginia’s objectives for statewide energy...
Offshore

By William Mathis, Bloomberg The cost of offshore wind in the U.K. could soon drop below the wholesale price of electricity as developers bid to supply energy in the latest round of an auction that has subsidized the nation’s renewables industry. Developers have submitted proposals in the so-called “contracts-for-difference” auction to win fixed prices for power...
Offshore

China’s National Development and Reform Commission (the NDRC) issued a Circular on Policies of Improving the Electricity Price for On-Grid Wind Power (the Circular) at the end of May 2019. According to the Circular, the price of electricity from offshore wind power projects is cut to 0.8 yuan per kWh [US $0.12 per kWh] in 2019 and will further drop to 0.75 yuan [US $0.11] per kWh in 2020.