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PV Magazine: India presents a potential investment opportunity of $50 billion for battery storage facilities that could help integrate renewable energy into the grid, replace polluting diesel-fueled power and boost electric mobility, according to Andres Gluski, CEO of American energy firm AES Corp. “Battery-based energy storage has an essential role to play in helping India […]
Greentech Media: Shell will acquire German startup sonnen, staking a claim on the home energy storage market and further expanding its ever-increasing footprint in the clean energy industry. Sonnen distinguished itself in the early home storage market, with thousands of units deployed across Germany, and a notable presence elsewhere in Europe, the U.S. and Australia. […]
Electrek: A new energy facility in eastern Oregon will be the first of its kind in the U.S., combining wind power, solar power, and battery storage on a large-scale. Portland General Electric and NextEra Energy Resources announced plans for the Wheatridge Renewable Energy Facility today. The new facility will combine 300 megawatts of wind generation, […]
Associated Press: U.S. officials have again been faulted by a federal judge for failing to adequately consider the potential climate change effects of expanding a massive coal mine in the sagebrush-covered hills of southeastern Montana. U.S. Magistrate Judge Timothy Cavan recommended in a Monday ruling that the Interior Department be given 240 days to re-analyze […]
Bloomberg: South Africa’s debt-laden power utility raced to stabilize the grid this week by resorting to the most intense supply cuts in four years. Eskom Holdings SOC Ltd. implemented blackouts for a third day on Tuesday, removing 3,000 megawatts from the system after so-called stage 4 rotational power cuts, or 4,000 megawatts, on Monday as […]
International Energy Agency: China’s success in this sector has been thanks to a virtuous cycle of strong policy support and falling technology costs. For example, China’s 2020 targets for solar PV have been ratcheted up several times, rising from an initial target of 1.8 GW set in 2008, to 105 GW in the 13th Five-Year […]
Bloomberg Environment: One of the largest power plants in the West could be at risk if Westmoreland Coal raises the price of coal as the utility’s sole supplier as part of its bankruptcy proceedings. Nearly three-quarters of the Colstrip Power Plant’s electricity production could grind to a halt, its owners say, if Westmoreland’s potential new […]
Rome News-Tribune: If the Georgia Public Service Commission approves Georgia Power’s plan, Plant Hammond would be taken out of service as soon as the order is signed. A hearing schedule established by the PSC indicates that could happen as early as August. Georgia Power has planned to decertify Hammond for years and, in fact, committed […]
Casper Star Tribune: A northern Wyoming landowners’ group is suing the state for declining to prove that $27 million in ranchland used as collateral for a coal mine’s cleanup is really worth that much money. The dispute concerns Blackjewel LLC, a relative newcomer to Wyoming coal country. The firm announced that it had acquired Eagle […]
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IEEFA report: Financial case builds for fossil fuel divestment
Money managers need to recognize poor market performance
The financial case for investing in fossil fuels is losing ground as the powerful oil and gas industry continues its steady decline, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In a briefing note released Feb. 6, Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, IEEFA analysts […]