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Dominion, Nature Conservancy to convert land at former Virginia coal mine to solar farm

EnergyWire ($): Virginia’s largest electric utility and a global conservation group have announced plans to convert former coal mines into a solar farm, adding to a growing number of projects across the country aimed at repurposing old fossil fuel sites. Dominion Energy Virginia and the Nature Conservancy said yesterday they will redevelop 1,200 acres of […]

September 14, 2021 Read More →

Chevron prepares to head off challenges at investor presentation

Bloomberg: Chevron Corp. has inked eight deals in little more than two weeks to invest in hydrogen, green jet fuel and renewable natural gas. Amid rising shareholder pressure on climate issues, Chevron is pro-actively forging climate-friendly joint ventures with an array of startups as well as corporate giants that include Caterpillar, and Alphabet’s Google. The […]

September 13, 2021 Read More →

United Power calls for “radical re-envisioning” of Tri-State model

The Denver Post: An electric cooperative wrangling with Tri-State Generation and Transmission Association over local control and getting off coal has issued a public pronouncement that it and fellow cooperatives still need the power supplier. Just not in the current form. Brighton-based United Power, which serves about 300,000 people along Colorado’s bustling Front Range, is […]

September 13, 2021 Read More →

Activist fund takes stake in RWE, calls for coal activity separation

Reuters: Activist fund ENKRAFT has taken a stake in RWE (RWEG.DE) and is calling for a separation of the company’s brown coal activities to remove the burden of a legacy business that has weighed on the value of shares in Germany’s largest power producer. ENKRAFT, which has a track record in investing in the renewable […]

September 10, 2021 Read More →

IEEFA U.S.: Municipal ratepayers face mounting costs from costly American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

Stranded assets pose $135 billion threat to European power by 2040

Bloomberg ($): European power companies could be burdened with debt and face credit rating downgrades if they fail to take action to reach climate neutrality by the middle of the century, a new study says. The European Union plans to reach net zero emissions by 2050 as part of efforts to curb global temperature rises […]

September 9, 2021 Read More →

Illinois Legislature mulls Byron bailout, renewables-friendly measure

E&E News ($): A yearslong drama over the future of Illinois’ energy mix and climate policy may be entering the final act, if not the final scene. Chicago-based Exelon Corp. has set Monday as the day it pulls the plug on the Byron nuclear plant in northern Illinois — one of the nation’s largest — […]

September 7, 2021 Read More →

New U.S. solar capacity additions dip slightly but demand still strong

S&P Capital IQ ($): Solar power capacity additions in the second quarter of 2021 dipped compared to the year-ago period as developers encountered supply-side headwinds. However, demand remained strong, with a robust pipeline of projects totaling 17,428 MW under construction. Developers put into service 1,968 MW of utility-scale solar power capacity from April to June, […]

September 7, 2021 Read More →

Adani reaches goal to fund 25 gigawatts of renewables by 2025 target

PV Tech: India-based renewables developer Adani Green Energy has raised US$750 million through a green bond offer, securing the debt and equity needed to reach a 25GW renewables target. The bond offer, which was 4.7x oversubscribed, allows Adani to draw up to US$1.7 billion – including the present issue – complementing a US$1.35 billion revolving […]

September 7, 2021 Read More →

Colstrip operator Talen falls $4 billion into debt, bonds downgraded

Billings Gazette: Talen Energy, which operates Colstrip Power Plant, is $4 billion in debt and facing negotiations with creditors as its bonds are downgraded to a substantial fundamental credit risk. What the company’s financial troubles mean for its Colstrip future remains to be seen. As the majority of the owners in the southeast Montana power […]

September 3, 2021 Read More →