Energize Weekly, November 14, 2018 The cost of building and running wind and utility-scale solar projects is now beginning to undercut the major forms of baseload generation—natural gas, coal and nuclear, according to analysis by the financial consulting firm Lazard Ltd. Lazard’s 12th annual “levelized cost of energy” (LCOE) analysis, released Nov. 8, for the…
Energize Weekly, November 7, 2018 The U.S. wind industry installed 612 megawatts (MW) of new wind power capacity during the third quarter of 2018, a 15 percent increase over the third quarter of 2017, according to the American Wind Energy Association’s (AWEA) quarterly market report. Project construction activity in the third quarter also set a…
Energize Weekly, October 31, 2018 Dominion Energy issued a request for bids on Oct. 24 for 500 megawatts (MW) of solar and onshore wind generation as part of a plan to develop 3,000 MW of renewable resources in Virginia. Richmond, Va.-based Dominion Energy pledged to develop the wind and solar resources, enough to power 750,000…
Energize Weekly, October 31, 2018 Colorado—the leading state in the nation for community solar gardens—is set to get six more of the shared arrays, with a total of 10.3 megawatts (MW) of generation, on the state’s more rural Western Slope. The sites are all located along the Interstate 70 corridor and are being developed by…
Energize Weekly, October 24, 2018 Corporate renewable energy power purchases—which have spurred $15 billion in capital investment in the last eight years—have already set an annual record in 2018 led by tech companies. So far this year, corporate customers have purchased 4.96 gigawatts of renewable electricity through 59 deals, according to the Business Renewables Center,…
Energize Weekly, October 17, 2018 Wind and solar electric generation make up an average of only 8 percent of U.S. power supplies, but in 10 states these renewable resources provided 20 percent or more of the electricity supply in 2017, according to Federal Energy Information Administration (EIA) data. This group is led by Iowa and…
Energize Weekly, October 17, 2018 Google has been the world’s biggest corporate purchaser of renewable energy, buying enough to cover all of its total global consumption. Now it wants to go further matching carbon-free energy to its demand for every hour of every day. One of the biggest challenges of renewable generation is providing round-the-clock…
Energize Weekly, October 10, 2018 A plan to install 2,200 megawatts (MW) of wind generation—about 950 wind turbines—in central and eastern New Mexico was approved by state regulators on Oct. 3. The New Mexico Public Regulation Commission (PRC), on a 4-to-0 vote, gave the green light to San Francisco-based Pattern Energy Group’s Corona Wind project.…
Energize Weekly, October 10, 2018 Duke Energy said it will install up to 530 electric vehicle (EV) charging stations in Florida as part of a pilot in tandem with a three-year program to promote and study EV use. The “Park and Plug” program is focusing on placing charging stations for public use in areas with…
Energize Weekly, October 10, 2018 The Trump administration’s solar tariffs have added $236.5 million to U.S. solar projects this year, according to solar marketer EnergySage Marketplace. For the average residential customer, this added up to an extra 16 cents per watt or $960 for a standard 6-kilowatt solar installation, according to EnergySage, which runs a…
Energize Weekly, October 3, 2018 Sempra Energy has agreed to sell its U.S. non-utility operating solar assets, solar and battery storage development projects and one wind facility to Consolidated Edison Inc. for $1.54 billion in cash. “This sale represents an important step forward in the portfolio-optimization plan we announced in June to support market growth opportunities,” Joseph…
Energize Weekly, September 26, 2018 A major obstacle in the transition from coal-fired power plants to cleaner energy generation is the “specter of financial losses” utility companies face in closing those plants. Solving that problem is a key to a quicker energy transition, according to the Rocky Mountain Institute (RMI). In “Managing the Coal Capital…