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IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

November 19, 2018 Read More →

IEEFA U.S.: Transition to renewables has taken hold in historically coal-dependent northern Indiana

A Midwestern sign of more change to come

It’s hard to overstate the importance of Northern Indiana Public Service Company’s announcement late last month that it intends to phase out all its coal-fired generation over the next 10 years. In state rankings, Indiana has long been the second- or third-largest coal consumer in the nation, depending on whether you count total coal consumption […]

November 16, 2018 Read More →

IEEFA U.K.: Suspension of £3.8 billion capacity market is an opportunity for re-think

Progress this week on British energy policy

LONDON—The European Court of Justice’s decision yesterday to suspend Britain’s capacity market creates an opportunity to focus on more cost-effective and forward-looking solutions for safeguarding the country’s energy-supply security. We’ve argued previously that Britain’s capacity market. which has served as a model for a similar scheme in Poland, provides subsidies that may no longer be […]

November 16, 2018 Read More →

American Electric Power reaffirms plans to cut coal generation, increase renewables

Daily Energy Insider: American Electric Power (AEP) is planning to close coal plants and increase capital investments in renewables to balance its portfolio and reduce risk, AEP Chairman, President and CEO Nicholas Akins said at the Edison Electric Institute Financial Conference held this week in San Francisco. The company plans to invest $33 billion in […]

November 16, 2018 Read More →

Arizona utility to add 1,000MW of solar by 2025

Arizona Republic: Salt River Project will massively increase the amount of solar energy the utility uses by 2025, saving the company money and reducing its reliance on natural gas, officials said Thursday. SRP officials said they plan to add 1,000 megawatts of solar to the system over seven years, a big increase from the 200 […]

November 16, 2018 Read More →

E.ON to build major wind farm in Sweden

CNBC: German utility E.ON is to build what it describes as one of Europe’s “largest onshore wind farms.” In an announcement Friday, the business said it had decided to invest in the 475-megawatt Nysater wind project in Sweden. The facility will be built jointly with Credit Suisse Energy Infrastructure Partners (CSEIP). E.ON is to build […]

November 16, 2018 Read More →

Analyst sees few options for troubled Cloud Peak coal company

S&P Global Market Intelligence ($): Struggling coal producer Cloud Peak Energy Inc. recently announced a strategic review of options that include selling the company, but a bleak outlook for Powder River Basin coal and a looming debt maturity could make for a tough sales pitch. Cloud Peak is the only pure-play Powder River Basin coal […]

November 16, 2018 Read More →

More offshore wind bid into Rhode Island renewable solicitation

Providence Journal: Rhode Island electric customers are already using power from the first offshore wind farm in the nation, a 30-megawatt project off Block Island — and plans are in place to buy another 400 megawatts of offshore wind. Now, developers are proposing to sell an additional 350 megawatts of offshore wind power to the […]

November 16, 2018 Read More →

Spain aims for 100% renewables by 2050

The Guardian: Spain has launched an ambitious plan to switch its electricity system entirely to renewable sources by 2050 and completely decarbonise its economy soon after. By mid-century greenhouse gas emissions would be slashed by 90% from 1990 levels under Spain’s draft climate change and energy transition law. To do this, the country’s social democratic […]

November 15, 2018 Read More →

Norway’s Equinor continues renewables expansion, ups stake in solar company

Reuters: Norway’s Equinor has bought a 9.7 percent stake in renewable energy producer Scatec Solar, raising its ownership to 10 percent, the state-controlled energy firm said on Thursday. “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar energy,” Equinor said in a […]

November 15, 2018 Read More →