Puerto Rico to privatize power generation amid outages January 15, 2023 Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid. The move marks the beginning of the end for Puerto Rico’s Electric Power Authority,…
US to Help Mexico Pay for Ambitious Solar Plan, Official Says January 10, 2023 The US wants to help Mexico bankroll its ambitious plan for a slew of solar parks along their border, which is likely to require private funds and development bank loans, according to top diplomat focused on Latin America. Mexican President Andres…
India expects utilities’ annual coal demand to surge about 8% after renewables shortfall January 10, 2023 India expects its power plants to burn about 8% more coal in the fiscal year ending March 2024, according to a senior government official and a power ministry presentation, after the country missed its 2022 renewable energy goal by…
Meet the renewable energy source poised for growth with the help of the oil industry 01/01/2023 One of the oldest forms of clean power is ready for a comeback — and it’s not wind or solar. Geothermal energy — the technology that harnesses the heat beneath the Earth’s crust — is drawing fresh interest after…
Sweden turns to France as it looks to buy two new nuclear reactors January 3, 2023 Sweden and France could be set to join forces to build new nuclear power stations in the Nordic nation, to boost domestic power production and guarantee security of supply. Swedish Prime Minister Ulf Kristersson outlined the possible partnership in…
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says Energize Weekly, December 14, 2022 On-peak wholesale and retail electricity prices are set to rise across the country this winter, with some regional wholesale rates jumping as much as 60 percent compared to last winter, according to the…
U.S. grid faces “unprecedented” risk of electricity shortfalls this winter, NERC warns Energize Weekly, November 23, 2022 A large swatch of the U.S. electricity grid – in Texas, the Midwest, Southeast and New England – is at risk of being unable to provide adequate power in the face of extreme winter weather, according to an…
Spurred by high commodity prices, energy production revenues on federal lands surge Energize Weekly, November 16, 2022 Energy production on federal lands and offshore areas in 2022 generated $22 billion for the federal and state governments – the highest in revenues since 2008 and second highest in 39 years, according to the U.S. Department of…
Clean power installations hampered by supply and trade issues cool in Q3 of 2022 Energize Weekly, November 9, 2022 Wind, solar and storage installations for the third quarter of 2022 were the lowest in three years as developers struggled with supply chain and trade restrictions, according to a market report from the American Clean Power…
War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says Energize Weekly, November 2, 2022 Global fossil fuel consumption and greenhouse gas emissions are slowing with oil, coal and natural gas either peaking or reaching a plateau by 2030, according to the International Energy Agency (IEA). The trend to cleaner energy…
Despite pandemic and supply chain problems, utility-scale solar posts a record in 2021 Energize Weekly, October 12, 2022 A record 12.5 gigawatts (GW) of large, utility-scale photovoltaic solar projects came online in 2021 as the levelized cost of such projects has fallen 85 percent in the last 12 years, according to an analysis by the…
Old coal-fired power plants could gain a second life as sites for nuclear units, DOE says Energize Weekly, September 21, 2022 Old coal-fired power plants could have an economical, second life as sites for a new generation of nuclear power projects, according to a study by the U.S. Department of Energy (DOE). Siting nuclear capacity…
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