NextEra

IEEFA Research

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

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 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 U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

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 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 […]

More News and Commentary

U.S. solar capacity increased 36% in first quarter of 2021

S&P Global Market Intelligence ($):  The U.S. solar market got off to a hot start in 2021, adding 2,827 MW of utility-scale capacity in the first quarter, a 36% increase from the same period in 2020. The U.S. now has 51,966 MW of utility-scale solar power capacity, according to S&P Global Market Intelligence data, which […]

June 11, 2021 Read More →

Puget Sound Energy signs deal to buy wind power from Montana farm

Seattle Times: Puget Sound Energy, Washington’s largest private utility, has signed a 20-year contract to purchase wind power in Southeast Montana as part of a major shift away from coal- and gas-generated electricity. PSE will buy 350 megawatts of power, enough electricity for about 140,000 homes, from NextEra Energy Resources, which is building the Clearwater […]

June 3, 2021 Read More →

NextEra CEO says net-zero targets are ‘disingenuous’

S&P Global Market Intelligence ($): NextEra Energy Inc., the largest U.S. utility by market cap and one of the world’s top solar and wind power producers, has been called out for never declaring a net-zero emissions target like many other major power utilities have done. But the way NextEra’s Chairman and CEO Jim Robo views […]

May 28, 2021 Read More →

NextEra battling clean energy competition from Canada hydropower

Bloomberg ($): A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met a powerful opponent: the world’s largest provider of renewable energy. The 145-mile (233-kilometer), nearly $1 billion transmission line, known as New England Clean Energy Connect, broke ground in February after nearly three years of review […]

May 21, 2021 Read More →

Nevada becoming hotbed of storage-plus-solar development

S&P Global Market Intelligence ($): Eyeing demand for solar energy after sunset in the Desert Southwest, renewable energy developers have pitched at least seven large battery-backed photovoltaic power plants so far this year to be located in Nevada, combining 4,450 MW of solar with more than 4,000 MW of storage, according to filings with the […]

May 21, 2021 Read More →

IEEFA: Global finance is mobilising to meet East Asia’s net-zero ambition

Bolder emissions reduction targets by China, Japan and South Korea threaten Australian fossil fuel exports

Chinese President Xi Jinping’s surprise announcement at the UN General Assembly in September 2020 that the world’s biggest emitter would become carbon neutral by 2060 has proved pivotal. This has sparked a ratcheting up of greenhouse gas emissions reduction pledges and a global technology race to curb fossil fuels and boost renewable energy, as world […]

May 11, 2021 Read More →
IEEFA U.S.: The coal-to-renewables transition takes off
and

IEEFA U.S.: The coal-to-renewables transition takes off

Pre-Biden changes underscore coming 10-year wave of coal plant retirements

The traditional S-curve growth exhibited by disruptive technologies, often cited when game-changing consumer devices, such as smartphones, take over markets and rapidly push older products out, is just as valid to describe how wind turbines and solar PV generation are shaking up U.S. power markets. This S-curve is marked by several key phases in the […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
, , and

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 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 […]

NextEra proposes 690MW solar farm at closed Iowa nuclear plant

The Gazette: For more than four decades, the name of former Cedar Rapids utility executive Duane Arnold has been synonymous with nuclear power in Iowa. Now it could have a new connotation: a massive solar energy project planned for 2023 near the now-idle Duane Arnold Energy Center. Owner NextEra Energy of Florida this week laid […]

March 18, 2021 Read More →
IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market
, , and

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]