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Dennis Wamsted
Renewables account for 42% of ERCOT’s generation during the month
April 6, 2021 (IEEFA)—The transition from fossil fuels to wind and solar gained speed in Texas in March. Data from the Energy Information Administration’s hourly electric grid monitor shows that wind generation in ERCOT smashed its previous high, topping 10.4 million megawatt-hours (MWh) during the month—2 million MWh above its previous high set last December. […]
IEEFA
PV Magazine: Rosendin’s Renewable Energy Group (REG) and Tokyo Gas America have begun building a 500 MWac/631 MWdc solar power project in Texas. The Aktina Renewable Power Project will be brought online in blocks starting in mid-2021 with energy sold to the Electric Reliability Council of Texas (ERCOT) wholesale market. The facility will include around […]
Press Release, Dennis Wamsted, Seth Feaster and David Schlissel
Coal, gas set to become biggest losers as renewable generation climbs quickly
March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]
IEEFA
Energy Storage News: An energy storage project pipeline of 500MW in Texas’s ERCOT market is being developed by Dallas-headquartered distributed energy resources developer and operator Hunt Energy Network. Hunt Energy Network said that the pipeline consists of distribution-level resources and that 100MW of its projects are already at “advanced stages of development,” and targeted to […]
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ReNews.biz: Wartsila is to supply energy storage technology totaling 200MW for two projects in the U.S. state of Texas. The company will also provide 10-year asset performance agreements for the interconnected stand-alone systems. The order was placed by Able Grid Energy Solutions, the utility-scale energy storage project development arm of MAP RE/ES. The Madero and […]
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Bloomberg: Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy. A Tesla subsidiary registered as Gambit Energy Storage LLC is […]
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Reuters: Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos Electric Power Cooperative Inc is one of dozens of electricity providers facing enormous charges stemming from a severe cold snap last month. The fallout […]
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S&P Global Market Intelligence ($): As Texas power plant operators and grid managers revive the state’s storm-battered electric system and prepare for an uncertain future, one thing appears unlikely to change: the rapid proliferation of renewable energy resources in the nation’s largest power market. Between 2021 and 2023, developers plan to add roughly 35 GW […]
IEEFA
Reuters: NRG Energy Inc will shut down indefinitely the power source for what had been the only U.S. project capturing carbon from a coal-fired generator until it was idled last year, a spokesman said on Friday. The company notified the Texas grid operator, ERCOT, on Wednesday that the Petra Nova gas plant would be mothballed […]
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Renewable Energy Magazine: Clearway Energy Group has commenced construction on Mesquite Sky, a 345 megawatt (MW) wind farm in Callahan County, Texas. Clearway also closed $427 million in construction debt financing, for which Mizuho Bank, Ltd. acted as the coordinating lead arranger and with Canadian Imperial Bank of Commerce (CIBC), MUFG Bank, Ltd., Santander Bank […]
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
Coal, gas set to become biggest losers as renewable generation climbs quicklyMarch 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]