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Dennis Wamsted, Seth Feaster, Tom Sanzillo and Press Release
Declining demand for coal plants, credit agency downgrades and investor scrutiny create challenges for Lightstone investment prospects
October 14, 2021 (IEEFA) — The major pension and retirement funds that own a piece of the General J.M. Gavin (Gavin) coal plant in Ohio face increasing challenges from their investment. Most investors do not know that they own a share of the plant and some are just beginning to realize it, according to an […]
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The New York Times: The Biden administration announced on Wednesday a plan to develop large-scale wind farms along nearly the entire coastline of the United States, the first long-term strategy from the government to produce electricity from offshore turbines. Speaking at a wind power industry conference in Boston, Interior Secretary Deb Haaland said that her […]
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Los Angeles Daily News: As Los Angeles sets out to achieve 100% renewable energy by 2035, city officials announced a $30 million investment Monday in a municipal solar and storage program using city-owned buildings across departments. “We’re celebrating not just another milestone in our fight against climate change, but also a step to build a […]
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Reuters: One of Canada’s flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office, with industry advocates arguing it is out of step with Canada’s goals to achieve net-zero emissions. The Clean Fuel Standard is set to come […]
Tom Sanzillo
Harvard divestment raises issue of climate, ethics and investments by higher ed and philanthropies
The recent decision by Harvard to divest from fossil fuels is part of a trend and also a precedent-setting event. Earlier this year, BlackRock informed the New York City pension funds that the divestment movement is no longer limited to small investment funds. Its report found that an increasing number of large institutional investors are […]
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Energy Storage News: The US is likely to install record setting amounts of battery storage this year, demonstrating the acceptance the technology has found in the power sector and as an integral part of the clean energy transition. That’s according to Wood Mackenzie Power & Renewables senior energy storage analyst Vanessa Witte, commenting on the […]
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New York Times ($): The Biden administration on Wednesday released a plan to produce almost half of the nation’s electricity from the sun by 2050 as part of its effort to combat climate change. Solar energy provided less than 4 percent of the country’s electricity last year, and the administration’s target of 45 percent would […]
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S&P Capital IQ ($): Solar power capacity additions in the second quarter of 2021 dipped compared to the year-ago period as developers encountered supply-side headwinds. However, demand remained strong, with a robust pipeline of projects totaling 17,428 MW under construction. Developers put into service 1,968 MW of utility-scale solar power capacity from April to June, […]
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Utility Dive: The Los Angeles City Council voted Wednesday to transition to 100% clean energy by 2035, in line with President Biden’s national goals and a decade earlier than the city originally planned. The LA100 plan would see the city replace its natural gas electricity generation with wind, solar and battery storage, while also improving […]
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New York Times ($): Most of New Orleans went dark on Sunday after Hurricane Ida took out transmission lines and forced power plants offline. It was an all too familiar scene in a city that has often lost power during big storms. But this was an outage that was never supposed to happen. The utility […]
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 […]