Energize Weekly, May 29, 2019 Xcel Energy reached a settlement with a group of clean energy and labor organizations to close two Minnesota coal-fired power plants and clear the way for it to buy a natural gas-fired plant. Under the agreement signed May 20, Xcel will shutter the 511-megawatt (MW) Allen S. King coal plant…
Energize Weekly, May 22, 2019 Photovoltaic (PV) solar installation in the U.S. hit two million in 2019, according to data from the market analysis consultant Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). It took nearly 40 years to reach the one-million-installation mark in 2016 and just three years to double…
Energize Weekly, May 22, 2019 The U.S. power sector is forecast to consume about 555 million short tons of coal to produce electricity in 2019—the lowest amount since 1979, according to the federal Energy Information Administration (EIA). Coal will still be the second-largest source of generation in 2019, providing 996 million megawatt-hours (MWh) of electricity—24…
Energize Weekly, May 22, 2019 The site of a former Massachusetts coal-fired power plant is slated to be turned into a $650 million relay for electricity produced offshore, according to energy developer Anbaric. The Anbaric Renewable Energy Center, built on the site of the old Brayton Point power plant in Somerset, will have a 1,200-megawatt…
Energize Weekly, May 22, 2019 Wind farm projects are forecast to swell in 2019 as developers look to get their projects in the pipeline before federal tax credits vanish, according to the federal Energy Information Administration (EIA). The EIA is projecting that wind projects will double over 2017 to 12.7 gigawatts (GW) of capacity in…
Energize Weekly, May 22, 2019 The oil market is being roiled by production cuts, political sanctions, slow economic growth and political uncertainty, leading to a market of “mixed signals,” according to the International Energy Agency (IEA). The global market for another key petroleum product, liquefied natural gas (LNG), also looks to be out of balance…
Energize Weekly, May 15, 2019 The nearly two-decade, year-on-year growth in global renewable energy generating capacity stalled in 2018, according to the International Energy Agency (IEA). The 180 gigawatts (GW) of generating capacity—in wind, photovoltaic (PV) solar, hydro, bioenergy and other renewable sources—added in 2018 was about the same as in 2017. It was the…
Energize Weekly, May 15, 2019 Global oil demand—under current economic and energy development trends—is projected to peak between 2030 and 2035 and then plateau through 2050, according to a new analysis by the London-based investment bank, Barclays. That peak could come as early as 2025 if more aggressive energy policies highlighting renewable power and energy…
Energize Weekly, May 15, 2019 Summer electricity generation in 2019 is forecast to be down 2 percent from last summer to 1,168 million megawatt-hours (MWh) with a sharp drop in how much of that power is provided by coal-fired plants. The energy mix for the summer highlights the ongoing shift in the generating portfolio with…
Energize Weekly, May 15, 2019 Power and utility sector mergers and acquisitions worldwide dropped to their lowest level since 2012 in the first quarter of 2019, but industry executives remain positive about deals for the year, according to a survey by Ernst & Young (E&Y). The value of first-quarter deals was $20.6 billion, down 80…
Energize Weekly, May 15, 2019 As the soybean market is roiled by trade disputes between the U.S. and China, the domestic biodiesel fuel industry is taking an increasing share of the country’s soybean oil production, according to federal Energy Information Administration (EIA) data. Biodiesel production absorbed 30 percent of domestic soybean oil, or 7.1 billion…
Energize Weekly, May 8, 2019 Renewable energy generation in April and May will put more electricity on the gird than coal-fired power plants, according to the federal Energy Information Administration (EIA). It is the first time on record that renewable power sources—hydro, biomass, wind, solar and geothermal—have surpassed coal-fired generation, the Institute for Energy Economics…
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