Energize Weekly, May 29, 2019 After a three-year slide, global energy investment stabilized in 2018 at just more than $1.8 trillion dollars—as spending on oil, natural gas and coal increased, the International Energy Agency (IEA) said. Investments in renewable generation and energy efficiency, however, stalled in 2018, according to the IEA’s World Energy Investment 2019…
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 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 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 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 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…
Energize Weekly, May 8, 2019 The Texas Renewable Energy Co-op (TREC) has received wholesale electricity bids for less than 3 cents a kilowatt-hour on 12-year contracts for its public non-profit participants, such as municipal and state agencies. The bidding process was managed by the Texas Energy Aggregation (TEA), which was created in 2002 to improve…
Energize Weekly, May 8, 2019 MidAmerican Energy hit a one-day record for wind generation in April, producing enough electricity to serve 100 percent of its retail customers’ needs with renewable energy. The Des Moines-based utility—which serves 783,000 electric customers in Iowa, South Dakota and Illinois—generated 11,500 megawatt-hours (MWh) on April 10, 8.5 percent better than…
Energize Weekly, May 1, 2019 Massachusetts’s first offshore in project, two 400-megawatt (MW) installations in an area south of Martha’s Vineyard, has been given a green light by state regulators. The project by Vineyard Wind, which will sell its electricity to four distribution utilities, was approved by the Massachusetts Department of Public Utilities (DPU). The…
Energize Weekly, May 1, 2019 The battle over coal-fired power plants and renewable energy is moving west, according to analyses by BTU Analytics, a Lakewood, Colo.-based energy consultant. About 81 gigawatts of coal-fired capacity has been closed at 696 units at 360 plants since 2008. In the early years, most of the closures were in…
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