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Solar Builder: This week, the Business Renewables Center (BRC), a membership program at Rocky Mountain Institute (RMI), announced that corporate renewable energy procurement reached a new record in 2018, with 3.57 gigawatts (GW) of clean energy projects announced this year to date in the United States. This number exceeds both the 3.12 GW record set […]
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The Gazette (Colorado Springs): Luis Reyes drove up to Durango from Taos, N.M., on a sunny April day in 2017 to tell folks how the Kit Carson Electric Cooperative, which he heads, left its interstate wholesale power provider and struck out on its own — and the room where he spoke at Durango’s Strater Hotel […]
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WV Public Broadcasting: Federal regulators halted all construction of the 604-mile, interstate Atlantic Coast Pipeline (ACP) following a federal court’s ruling this week that invalidated two major federal permits. The Friday evening decision comes just a week after regulators issued a similar stop work order for another major interstate natural gas project, the Mountain Valley […]
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Milwaukee Journal Sentinel: Wisconsin’s two largest public utilities are making bigger stakes in renewable energy and have pledged far deeper cuts in emissions of greenhouse gases than previous predictions. Madison-based Alliant Energy says it intends to stop burning carbon-intensive coal altogether in its electric power plants by 2050. Alliant and Milwaukee-based WEC Energy Group recently […]
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Richmond Times-Dispatch: A massive solar farm proposed in western Spotsylvania County has cleared one hurdle, but it has a few others remaining. In a filing Wednesday, the State Corporation Commission signed off on Utah-based Sustainable Power Group’s Pleinmont Solar LLC proposal to build an outdoor facility with 1.8 million solar panels. Microsoft Corp. plans to […]
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Denver Post/Associated Press: Bank of the West’s decision to divest from certain fossil fuel investments has run headlong into threats of retaliation in Colorado, Wyoming and other states that rely heavily on coal, oil and natural gas extraction for revenues. The San Francisco-based bank recently made it known that it would be “investing where we […]
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247WallStreet.com: Canadian resistance to buying the Trans Mountain pipeline system Kinder Morgan Inc. subsidiary Kinder Morgan Canada is increasing, and with it so is short interest in Kinder Morgan. Short sellers added 12.5 million shares to their positions in the two-week reporting period ended July 31, and 2.4% of Kinder Morgan shares were short. Environmental […]
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Energy Digital: Danish energy company Ørsted has agreed to purchase US wind and solar company Lincoln Clean Energy for $580mn. Lincoln Clean Energy develops, owns and operates clean power projects which a specific focus on wind and solar. In particular, the company owns a range of onshore wind farms in the US, and currently has […]
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Utility Dive: New numbers show the “beautiful friendship” between utilities and solar is growing and bringing the U.S. power system’s transition to higher renewables penetrations along. “Utilities of all kinds and in many places are accelerating from zero to 100 on solar in response to record-low prices,” Smart Electric Power Alliance (SEPA) research manager and […]
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Palm Springs Desert Sun: California could dramatically reshape its energy future in the next few weeks. Two bills are of particular interest to the desert. One of them, from Assembly member Eduardo Garcia, would require utilities to purchase thousands of megawatts of geothermal power, potentially jump-starting development of geothermal power plants at the southern end […]
IEEFA report: Marubeni’s coal commitments are creating ‘needless reputational and financial risk’
Japanese multinational’s strategy is putting its global power business in jeopardy; Bigger and better opportunities in renewablesJuly 30, 2018 (IEEFA.org) —Japanese multinational Marubeni Corp.’s coal-fired power generation strategy has left the company dangerously exposed to rapid changes in global energy markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The company’s renewable energy business, on the other hand, has the potential to drive profitability at […]