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IEEFA
Energy Storage News: Work has begun on a 195.5MW solar farm in Georgia, US, co-located with 40MW/80MWh of battery storage for RWE Renewables, subsidiary of Germany-headquartered multinational energy company RWE Group. RWE Renewables and utility company Georgia Power signed a 30-year power purchase agreement (PPA) deal for the utility to off-take energy generated by the […]
Dennis Wamsted and Seth Feaster
Bowen and Scherer, the two largest coal-fired power plants in the U.S., lost out to cheaper—and greener—alternatives
Fresh data from the Energy Information Administration points to the monumental nature of the transition under way in the U.S. utility sector and localizes it dramatically in Georgia, where utility-scale solar and hydropower for the first time generated more electricity than coal during the first half of the year. This is of special note because […]
IEEFA
Utility Dive: Plant Scherer in Georgia — for years, the highest capacity coal-fired plant in the U.S. — will lose one of its four units to retirement, a sign that even the largest coal power plants are not immune to the economic pressures driving down coal’s standing in the U.S. generation mix. On Friday the […]
IEEFA
S&P Global Market Intelligence ($): The Southeast U.S. could see about 110 GW of solar capacity additions from 2020 through 2029, even as federal tax subsidies for solar projects phase out, according to Fitch Solutions Macro Research. And the potential exists for even more solar in the long run, Fitch Solutions analysts wrote in a […]
Dennis Wamsted
Forward-looking template is one that lagging utilities like Duke Energy and Southern Company can follow
PacifiCorp’s announcement last week that it will build thousands of megawatts of new wind, solar and battery storage capacity in its transition away from coal will reshape electricity markets across the West over the next 10 years. Its impact will be felt nationally, too, perhaps nowhere as much as in the Southeast. The reason behind […]
Press Release, Dennis Wamsted and Seth Feaster
Decade-long influx of cheap gas started regional transition; solar expected to finish it
Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]
IEEFA
Atlanta Journal Constitution: Georgia will rely more on the sun to generate electricity as it retreats from its once overwhelming reliance on coal. The state Public Service Commission’s five members — all Republicans — unanimously directed Georgia Power to make its biggest increase ever in renewables, nearly doubling the solar capacity of the state’s largest […]
IEEFA
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 […]
IEEFA
Atlanta Business Chronicle: Georgia Power Co. will continue reducing its reliance on coal during the next two decades while stepping up its investments in renewable power and energy efficiency, according to a plan the Atlanta-based utility submitted Thursday. The 2019 Integrated Resource Plan (IRP) would keep Georgia Power moving toward the goals the company committed […]
Dennis Wamsted
Southern Co. offers a case study in the growing momentum behind market-driven electricity-sector transition
IEEFA released a report in November 2015 calling for Southern Co. and its subsidiary Georgia Power—out of respect for investors and ratepayers—to retire the four-unit Plant Hammond coal-fired power station. The report pointed out how flat demand had diminished the need for the plant’s generation capacity and that its electric output was being priced out […]
IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry
Decade-long influx of cheap gas started regional transition; solar expected to finish itOct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]