Wholesale electricity prices have fallen dramatically in most organized markets in the United States over the last decade, largely due to a steep reduction in the price of natural gas. But growth in wind and solar generation, fairly flat trends in electrical load, and new natural-gas power plant additions have also played a role. A...
ACCIONA this week announced that it signed an agreement with energy developer Tenaska to acquire a portfolio of greenfield photovoltaic (PV) solar and energy storage projects in the U.S. The development portfolio comprises approximately 3,000 megawatts (MW) of utility-scale solar and 1,000 MW of co-located solar and energy storage. The transaction includes 20 solar projects...
Many climate scientists warn that if we don’t change course the planet will warm by as much as 6 degrees Celsius, according to an article prepared by NASA’s Jet Propulsion Laboratory. If that happens, the World Bank Group predicts there will be more than 100 million climate refugees by 2050. Capitalism and Climate Firmly rooted...
Lincoln Clean Energy (LCE), Ørsted’s U.S. onshore company, issued the final notice to proceed on its 230-MW Plum Creek wind facility in Wayne County, Nebraska. This follows the final investment decision from Ørsted’s Board of Directors.
The project award is valued at about $98 million, according to IEA, and will be able to power up to 115,000 average homes
EIA data forecasts that U.S. wind capacity added this year should total 12.7 GW, by far the best since 2012’s record of 13.3 GW. That was the year the production tax credit (PTC) was originally supposed to phase out, although it was extended.
Instead of a wall, build a first-of-its-kind energy park that spans the 1,954 miles of the border between the United States and Mexico to bring energy, water, jobs and border security to the region.
Unusually still weather in the upper Midwest and Great Plains in late 2018 has already taken a bite out of earnings at NextEra Energy Inc. and Avangrid Inc., which both operate large wind farms. Other wind generators have yet to report fourth-quarter results, including Pattern Energy Group Inc., TerraForm Power Inc. and Clearway Energy Inc.
At a mega-session during POWER-GEN International, a panel made up of utility resource planners, transmission operators and generation technology experts all seemed to come to the same conclusion: when it comes to picking energy generation technologies for the future, there is no standout technology. Each technology comes with a series of pros and cons that must be weighed in order to set a course for the future.
The report by recently rebranded Wind-Solar Alliance points out that more than 100 U.S. corporate buyers —members of the Renewable Energy Buyers Alliance — have set a goal of purchasing 60 GW of new U.S. renewable energy capacity by 2025. So far, since 2013, the companies have procured just over 13 gigawatts of renewable power.