Renewables: Page 5
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Permission granted by ISO New England
New England capacity prices rise almost 40% in most recent auction
Clean energy resources made up 40% of the total capacity commitments, according to ISO New England, and no coal plant met the auction clearing price.
By Robert Walton • Feb. 23, 2024 -
Permission granted by Dominion Energy
Dominion Energy sells 50% noncontrolling stake in 2.6-GW offshore wind farm
Dominion said it will “retain full operational control of the construction and operations” of the Coastal Virginia Offshore Wind project but seek expertise and input from investment firm Stonepeak.
By Diana DiGangi • Feb. 22, 2024 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
TrendlineSustainability
Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
By Utility Dive staff -
Justin Sullivan via Getty Images
Verizon allocates $1B green bond proceeds to renewable energy projects
The company has issued five green bonds worth approximately $5 billion since 2019, the net proceeds of which have been invested primarily or completely in clean energy projects.
By Zoya Mirza • Feb. 22, 2024 -
Repowering will represent nearly half of all new wind capacity in 2024: Enverus
Repowering may offer the better return on investment amid rising capital costs and interconnection constraints, an Enverus Intelligence Research analyst said.
By Emma Penrod • Feb. 22, 2024 -
Bilanol via Getty Images
Massachusetts order expected to boost distributed solar, could be model for other states, official says
The new rules expand net metering to government facilities, exempt certain users from program generation caps and enable net metering transfer credits between utility territories and ISO-New England load zones.
By Brian Martucci • Feb. 21, 2024 -
Alex Potemkin via Getty Images
Solar, battery storage will be 81% of new generation capacity in 2024: EIA
The Energy Information Administration expects a record amount of battery storage additions this year if developers follow through on their plans to add around 14.3 GW to an existing 15.5 GW of capacity.
By Diana DiGangi • Feb. 21, 2024 -
Courtesy of Plug Power
Green hydrogen electrolyzer manufacturing capacity could exceed demand by 2030: report
Inflation Reduction Act incentives have driven rapid growth in planned green hydrogen projects — and in the number of factories that plan to serve them, according to a report from Clean Energy Associates.
By Emma Penrod • Feb. 20, 2024 -
Courtesy of Salt River Project
Salt River Project seeks 2.5 GW clean power, 1.2 GW peak capacity amid rapid Phoenix-area growth
The utility expects to add more than 2 GW of solar and 1 GW of battery storage by the mid 2020s, and by 2032 it plans to retire more than 1.3 GW of capacity at four coal plants.
By Robert Walton • Feb. 15, 2024 -
moodboard via Getty Images
Los Angeles public-private partnership aims to advance industrial solar
The decade-old Feed-in Tariff program pays property owners for solar energy, but long grid interconnection queues and lingering “mistrust” hinder adoption, a business group leader notes.
By Brian Martucci • Feb. 15, 2024 -
Drew Angerer via Getty Images
Virginia clean energy competition bill faces uncertain fate after collapsed negotiations
The bill will now be taken up by the state legislature’s Commission on Electric Utility Regulation, where its advocates say they intend to make a strong case for it.
By Diana DiGangi • Feb. 15, 2024 -
Aaron Yoder via Getty Images
Solar PPA prices are creeping up again, but it’s mostly because of conditions in a single state
Solar PPA prices jumped 15% in California in the final quarter last year while prices in most other states declined, according to LevelTen Energy.
By Emma Penrod • Feb. 15, 2024 -
Retrieved from House of Representatives.
State officials blame federal regulation for higher energy prices: ‘Customers are getting hurt.’
Proposed federal limits on fossil fuel power plants will further raise costs and weaken reliability, three state energy officials told a U.S. House subcommittee on Wednesday.
By Robert Walton • Feb. 15, 2024 -
Cheri Alguire via Getty Images
BOEM finalizes two Oregon offshore wind energy areas with up to 2.4 GW in capacity
The areas total around 195,012 acres and avoid 98% of the commercial fishing areas recommended for exclusion by fishing and wildlife agencies.
By Diana DiGangi • Feb. 14, 2024 -
4kodiak via Getty Images
Arizona Corporation Commission moves to eliminate energy efficiency rules, renewables targets
The move is “a big step backwards” for Arizona, said Mark Kresowik, senior policy director for the American Council for an Energy-Efficient Economy.
By Robert Walton • Feb. 13, 2024 -
Retrieved from Screenshot: Boston City TV/YouTube on February 09, 2024
Boston’s first networked geothermal project will electrify 7 public housing buildings
The project is part of a demonstration program led by National Grid, which broke ground on a similar initiative in Lowell, Massachusetts, last April.
By Ysabelle Kempe • Feb. 12, 2024 -
Fokkebok via Getty Images
Ørsted cuts costs with new business plan, receives S&P downgrade over offshore wind risks
“We perceive the offshore wind industry as riskier than before — particularly in the U.S. where we note Ørsted’s weak project management,” said S&P Global.
By Diana DiGangi • Feb. 12, 2024 -
Sean Gallup via Getty Images
EU passes domestic clean energy act, trailing US supply chain and climate bills
The European Commission agreed to the Net-Zero Industry Act to increase domestic manufacturing, following similar domestic production acts passed by the U.S.
By Lamar Johnson • Feb. 12, 2024 -
Justin Sullivan via Getty Images
Shell rebrands climate tech company Studio X as Onward, eyes net-zero economy
The updated energy venture falls in line with the oil major’s goal to become a net-zero emissions energy business by 2050.
By Zoya Mirza • Feb. 12, 2024 -
Oscar Wong via Getty Images
Sponsored by Kraken TechnologiesEnabling a fair and just transition: Digitalization of the grid is holding us back
The energy transition is in full swing, and we have the tech to make it happen — here’s why we need to make sure our journey to net zero is as equitable and just as possible.
By Charlotte Johnson – Global Head of Markets, Kraken – Asset & Optimization • Feb. 12, 2024 -
Gary Kavanagh via Getty Images
CAISO seeks FERC approval to cancel 2024 interconnection study process
As it deals with an interconnection backlog, the California Independent System Operator hasn’t started studying last year’s interconnection requests, which totaled 350 GW, the grid operator told FERC on Thursday.
By Ethan Howland • Feb. 9, 2024 -
Mario Tama via Getty Images
Recurrent Energy raises $160M, secures Microsoft as client for solar project
The tech giant will be the sole purchaser of all the energy and renewable energy credits produced by the Louisiana-based Bayou Galion Solar project.
By Zoya Mirza • Feb. 9, 2024 -
Damien Verrier via Getty Images
US clean energy sector is breaking records but presidential election, other challenges loom: WRI
“Policymakers, regulators, developers and manufacturers must double down on their efforts to address key challenges,” said the World Resources Institute in a report.
By Diana DiGangi • Feb. 8, 2024 -
Sean Gallup via Getty Images
Green investor Brookfield scores $10B for latest energy transition fund
The fund will invest in the expansion of clean energy, the development of sustainable solutions and the decarbonization strategy of companies from high-emitting sectors.
By Zoya Mirza • Feb. 8, 2024 -
Puerto Rico can transition to 100% renewables by 2050 but costs ‘will be significant’: DOE
To achieve 40% renewable energy, which Puerto Rico law requires by 2025, DOE concluded the optimal approach includes about 700 MW of 4-hour utility-scale batteries and up to 400 MW of long-duration storage.
By Robert Walton • Feb. 7, 2024 -
David McNew via Getty Images
Duke Energy proposes new gas plant to meet load growth, but groups question projections
“We’re already projecting eight times the load growth we anticipated just two years ago,” said Mike Callahan, Duke Energy’s South Carolina president.
By Diana DiGangi • Feb. 6, 2024
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