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IEEFA Japan: ITOCHU Corporation announces coal exit

IEEFA Japan: ITOCHU Corporation announces coal exit

Leading financial institutions setting divestment trend

Feb 15, 2019 (IEEFA Japan): ITOCHU of Japan has announced it is exiting from developing new coal-fired power plants as well as thermal coal mines to address the impact of climate change, and will continue to divest its existing thermal coal mine investments in Australia and Indonesia. IEEFA sees this as a major policy pivot […]

February 15, 2019 Read More →

IEEFA Australia: New open cut mine development refused with climate change cited as key reason

Precedent set in measuring the community cost of carbon emissions

The NSW Land and Environment Court refused development consent for a new open cut coking coal mine in New South Wales’ Gloucester Valley on 8 February 2019, citing the mine’s likely contribution to climate change as a key reason. Gloucester Resources Limited (GRL) had sought development consent for the Rocky Hill Coal Project to produce […]

February 15, 2019 Read More →

AES sees $50 billion battery storage opportunity in India

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 […]

February 15, 2019 Read More →

Four bidders vying for New York’s first offshore wind contract

Reuters: New York State said on Thursday it had received proposals from Norway’s Equinor and three joint ventures to build its first offshore wind power park of at least 800-megawatt capacity. The three joint ventures are Bay State Wind, between Danish Orsted and Eversource Energy; Atlantic Shores Offshore Wind, consisting of France’s EDF and Shell; […]

February 15, 2019 Read More →

New wind dominates expected capacity additions in U.S. Midcontinent-ISO transmission region

S&P Global Market Intelligence ($): Nearly three-quarters of the power generation capacity expected to come into service in the Midcontinent-ISO region in 2019 is to be fueled by wind, according to an S&P Global Market Intelligence analysis. In the Midcontinent-ISO region, stretching from the Gulf Coast of Louisiana to the U.S./Canada border in the Upper […]

February 15, 2019 Read More →

Shell expands clean energy portfolio, buys home battery supplier sonnen

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. […]

February 15, 2019 Read More →

IEEFA U.S.: 5 ways utilities are driving the rapid expansion of solar-plus-storage

Technology gains pose a major threat to baseload power providers

The utility industry, broadly speaking, has a checkered history on renewable energy development, often having fought state renewable energy portfolio standards, curtailed residential net energy metering for solar and brought into question the reliability of wind and solar. But a new dynamic is at play now, especially around solar-plus-storage projects. Here, sharp and continued price […]

February 14, 2019 Read More →

North Dakota tops Texas as largest U.S. lignite producer

S&P Global Market Intelligence ($): A sharp decrease in Texas lignite coal output handed North Dakota the title of top U.S. lignite producer in 2018 for the first time in at least a decade, as mine closures and alternative energy sources continue to reduce coal’s share of the energy mix in Texas. Year over year, […]

February 14, 2019 Read More →

Chevron CEO says low-cost shale has forced capital discipline on oil industry

Bloomberg: For Mike Wirth, the future of Big Oil lies at home, under the dusty fields of West Texas. As he celebrates his first year as chief executive of Chevron Corp., Wirth sees the Permian Basin as a plentiful source of high-quality crude for years to come, but that’s not all. The low break-even costs […]

February 14, 2019 Read More →

Wind, solar and battery storage linked in first-of-a-kind Oregon project

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, […]

February 14, 2019 Read More →