Energize Weekly, June 5, 2019 The Tri-State Generation and Transmission Association has rejected a multi-million dollar offer by Guzman Energy to buy three of Tri-State’s coal-fired plants, close them down and supply the association with electricity from a generation mix heavily tilted toward renewables. Guzman, a Miami-based energy contractor and consultant, contends that the deal—valued…
Energize Weekly, June 5, 2019 Global costs for new renewable energy fell in 2018 for eight major types of electric generation, according to the International Renewable Energy Agency (IRENA). Costs between 2017 and 2018 dropped from as much as 26 percent for concentrating solar power (CSP) to 1 percent for geothermal and offshore wind. “Cost…
Energize Weekly, May 29, 2019 Projects across the country are set to tap into the potential hydropower of dams not currently generating electricity with 32 dams in 12 states slated to add a total of 330 megawatts (MW) of generating capacity, according to the federal Energy Information Administration (EIA). There are more than 90,000 dams…
Energize Weekly, May 29, 2019 As costs come down for producing oil from shale plays, U.S. production appears to be playing a larger role in anchoring long-term oil prices, according to a Federal Reserve Bank of Dallas analysis. The combination of shorter lead times between drilling and production and the falling break-even price—the price at…
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 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…
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