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Renews.biz: Colombia’s President Ivan Duque will later today inaugurate the 20MW Guajira 1 wind farm, the first wind farm to come into operation in the country for 17 years. The 10-turbine Guajira 1 was built across 5.5 hectares by Isagen in the village of Cabo de la Vela in the municipality of Uribia. It represents […]
Reuters: Ukraine, Fiji, Colombia, Kenya and Mali will be the first countries to participate in an investment program announced on Thursday that will help developing countries transform their power grids to carry growing levels of renewable energy. The Climate Investment Funds (CIF), created by the world’s biggest economies in 2008 to help developing countries accelerate […]
PV Tech: Colombia has awarded contracts to 11 solar PV projects with a combined capacity of 796.3MW in its third renewable energy auction. The winning projects are backed by 15-year power purchase agreements (PPAs) and are required to be operational from January 2023. Average winning bids in the auction yesterday (26 October) were COP155.8/kWh (US$0.0414/kWh), […]
Reuters: Panama will advance a clean-energy push by embracing ethanol in its gasoline and ending the use of heavy fuels and coal for its power plants by 2023, the nation’s energy minister said. Even though Panama promotes itself as being carbon-negative, the Central American nation wants to further diversify its sources of electricity generation, cut […]
Argus Media ($): Colombia has enacted an energy transition law to promote investment in hydrogen, renewable energy and sustainable transport. The law, signed by President Ivan Duque yesterday, recognizes green and blue hydrogen as renewable energy eligible for reduced income tax, VAT and tariff exemptions and accelerated depreciation. The new legislation also provides a legal […]
Argus Media: US utility AES is accelerating the shutdown of 1,097MW of coal-fired power generating units in Chile, in line with the greening of its corporate strategy and the country’s decarbonization plan. Ventanas units 3 and 4 in the central coastal city of Puchuncavi and Angamos 1 and 2 in the northern port city of […]
Wall Street Journal ($): Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal. Supplies have been crimped […]
Bloomberg ($): “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be. For the first time in decades, oil companies aren’t rushing to increase production to […]
OilPrice.com: As oil majors around the world solidify their positions in the hydrogen industry, the IEA has highlighted Latin America as a clear area of opportunity for the production of what many expect to be the energy source of the future. “Latin America could become a key contributor to the global push towards low carbon […]
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IEEFA Canada: Teck’s possible met coal exit an ominous sign for U.S. coal companies
Overseas demand, high prices and climate issues give Teck cover for met coal exit
Teck Resources, the Canada-based copper, zinc and coal mining company that is one of the biggest exporters of steelmaking coal in the world, is considering selling or spinning off its metallurgical coal operations, according to a Sept. 14 Bloomberg report. Any divestment of its big coal mines in British Columbia could be a signal that […]