Energize Weekly, January 29, 2020 India is moving to the top as an emerging-market destination for clean energy investment, followed by Chile and Brazil, while China, long the biggest market, slips to fourth, according to an analysis by Bloomberg New Energy Finance (BNEF). Bloomberg’s Climatescope evaluated countries based on market and policy fundamentals, experience with…
Energize Weekly, January 29, 2020 The oil and gas industry needs to be major player in the global transition to cleaner energy, in part to maintain its social license to operate, but barely 1 percent of its capital investment is going to alternative technologies, according to the International Energy Agency (IEA). “The transformation of the…
Energize Weekly, January 29, 2020 Annual investment in U.S. offshore wind – based on projects in the pipeline – could reach $15 billion by the mid-2020s, surpassing offshore oil and gas capital expenditures, according to Rystad Energy. Rystad Energy, an Oslo-based energy consultant, called the trend “a truly remarkable development.” There are 6.4 gigawatts (GW)…
Energize Weekly, January 22, 2020 U.S. renewable energy investment surged in 2019 to a record $55.5 billion, a 28 percent year-on-year increase, helping global renewable energy investment post a modest 1 percent rise to $282.2 billion, according to Bloomberg New Energy Finance (BNEF). Investment in China, the world’s largest renewable energy market, was down 8…
Energize Weekly, January 22, 2020 Tri-State Generation and Transmission Association, the wholesale power provider for 43 Western electric cooperatives, said it will add 1 gigawatt (GW) of solar generation and open the way for its co-ops to add more of their own renewables. Under Tri-State’s “Responsible Energy Plan,” the association aims to reach 50 percent…
Energize Weekly, January 22, 2020 The aging U.S. electrical grid is facing challenges from just-in-time natural gas plant fueling and a growing demand for renewable generation, which it will not be able to meet without new investment and policies, according to a study by business consultant ScottMadden Inc. “The grid is undergoing a shift in…
Energize Weekly, January 15, 2020 In 2019, three European countries – Denmark, Germany and Spain –were all closing in on getting 50 percent of their electricity from renewable sources. Wind power provided more than 47 percent of the electricity in Denmark, and solar bumped the total from renewable sources to 50 percent, according to Energinet,…
Energize Weekly, January 8, 2020 Global energy consumption is projected to grow 50 percent between 2018 and 2050, spurred by a rising demand for energy in Asia and a sharp growth in electricity as a key energy source, according to the U.S. Energy Information Administration (EIA). In its annual International Energy Outlook, the EIA projects…
Energize Weekly, December 18, 2019 Onshore wind generating capacity in the U.S. reached 100 gigawatts (GW) at the end of September 2019, according to the federal Energy Information Administration (EIA). More than half the capacity has been installed since 2012. The oldest wind turbines still operating in the U.S. date back to 1975. Forty-one states…
Energize Weekly, December 11, 2019 The Trump administration’s tariffs on solar cells has blunted the growth in jobs, investment and generating capacity, according to a report by the Solar Energy Industries Association (SEIA). The analysis calculated that the industry has forgone 62,000 jobs, $19 billion in lost investment and missed building 10.5 gigawatts of new…
Energize Weekly, December 11,2019 NV Energy has received the go-ahead from Nevada state regulators for 1,190 megawatts (MW) of new solar renewable energy twinned with 590 MW of energy storage. The new capacity – solar and storage – will be in three projects located in southern Nevada and are set to be in operation by…
Energize Weekly, December 11, 2019 Nearly 700 companies around the world are moving to adopt “science-based targets” for reducing their greenhouse gas emissions with 40 percent already having plans in place, according to the non-profit and governmental groups sponsoring the initiative. The Science Based Targets initiative (SBTi) – a collaboration among the charity CDP, the…
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