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NRG plans closure of PJM coal plants in Illinois, Delaware

Power Magazine: NRG Energy Inc. said it will retire three coal-fired power plants—two in Illinois and one in Delaware—next year after disappointing results in the May 2021 capacity auction for the PJM Interconnection. NRG during its June 17 investor day presentation said about 1.6 GW of coal-fired generation would be closed, including the 682-MW Waukegan […]

June 18, 2021 Read More →

Puerto Rico grid privatization running into problems early and often

Miami Herald: As a flash storm poured over San Juan on June 1, leaders and members of labor unions huddled under a yellow tent in front of the Puerto Rico Electric Power Authority to denounce LUMA Energy, the new private operator of the island’s power grid. “There won’t be peace, there won’t be peace, if […]

June 18, 2021 Read More →

Rosneft claims low-sulfur Arctic oil to yield “green barrels”

The Barents Observer:  Russian state company Rosneft is about to start the development of one of Russia’s biggest ever oil projects, and company leader Igor Sechin is eagerly seeking justification of his multi-billion dollar investments in the remote tundra of Taymyr. The Vostok Oil is to produce as much as 30 million tons of oil […]

June 18, 2021 Read More →

Bond investors beginning to focus on ESG benefits

Bloomberg ($):  Here’s a bit of good news from ESG land, a place all too often marked by overly-enthused press releases, limited oversight and a patchwork of regional rules and incentives that can sometimes result in worse outcomes for the planet. ESG concerns finally seem to be showing up in the funding costs for oil […]

June 18, 2021 Read More →

Tata Motors, Tata Power launch India’s largest solar carport

Times of India:  Tata Motors and Tata power inaugurated India’s largest grid-synchronized, behind-the-meter solar carport at its facility in Chikhali, Pune. The initiative is taken in line with the Tata Group’s philosophy to promote green manufacturing. The 6.2 MW solar carport deployed by Tata Power will generate 86.4 lakh kWh of electricity per year and […]

June 18, 2021 Read More →

NSW commits $380 million to boost energy zone infrastructure

Renew Economy: The NSW government has committed $380 million over the next four years to boost network infrastructure for   the state’s first renewable energy zones, which it hopes will unlock tens of billions of dollars in new investment in wind, solar and storage projects. The funding will be used to underwrite the development of […]

June 18, 2021 Read More →

Carmichael plans India plastics plant supplied by Australian coal

The Guardian: The owners of the controversial Carmichael mine in Queensland want to build a US$4bn plant in India that would use Australian coal to make plastic. Adani Enterprises, which owns the Carmichael coalmine, said in submissions to Indian authorities the plant will use 3.1m tonnes of coal a year at the plant to make […]

June 17, 2021 Read More →

Iberdrola, GS Energy agree to cooperate on Asia renewables projects

Renewables Now: Spanish electric utility Iberdrola SA (BME:IBE) and South Korean multi-energy group GS Energy have signed a memorandum of understanding (MoU) to cooperate on the renewables development in South Korea and other regions in Asia. The agreement is meant to create a platform through which the partners would seek out and develop projects, including […]

June 17, 2021 Read More →

EU green bond standards will be voluntary, not binding

Bloomberg ($):  The European Union’s green bond standard will be voluntary rather than binding for issuers, according to a draft document seen by Bloomberg. The new bond rules, which will be tied to the bloc’s blueprint for environmentally-friendly investments, will be ready for use in 2022 and aim to “set the global standard,” according to […]

June 17, 2021 Read More →

Volvo plans shift to fossil fuel-free steel for autos by 2026

The Guardian: Volvo plans to build cars using steel made without fossil fuels by 2026, as part of a deal that could significantly reduce the carbon emissions from manufacturing its vehicles. The Swedish carmaker and compatriot steelmaker SSAB signed a letter of intent to commercialise technology that replaces coal with hydrogen in a crucial part […]

June 17, 2021 Read More →