You are here: Home » Geography » Maine
Maine
More News and Commentary
IEEFA
Natural Gas Intelligence: Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or […]
IEEFA
S&P Global Market Intelligence ($): A flood of cheap power generated by planned U.S. offshore wind projects could find its way onto Canada’s power grid, reversing a long-standing trend of mostly one-way trade that sees massive exports of Canadian hydropower to the U.S. The Biden administration’s recent approval of the first major wind farm off […]
IEEFA
Bloomberg ($): 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 $1 billion transmission line, known as New England Clean Energy Connect, broke ground in February after nearly three years of review […]
IEEFA
PV Tech: Danish renewables developer European Energy is expanding its operations into the US market, announcing plans for a 300MW solar project in Texas. The company is buying 1,276 acres of land southwest of Dallas that was previously used for oil and gas extraction. Construction of the plant will begin in the first half of […]
Press Release, Dennis Wamsted, Seth Feaster and David Schlissel
Coal, gas set to become biggest losers as renewable generation climbs quickly
March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]
IEEFA
Greentech Media: Battery plants have established themselves in the sunny Southwest, but this week was the first time they won big in New England. San Francisco-based developer Plus Power won two bids in the latest capacity auction held by the New England ISO, which operates the transmission grid and competitive power markets in six Northeastern […]
IEEFA
S&P Global Market Intelligence ($): A new report analyzing ISO New England data concluded that behind-the-meter solar produced over 8,600 GWh of electricity across the grid operator’s territory from 2014 to 2019, reducing wholesale energy market costs in the region by $1.1 billion. In addition to $317 million in load-impact benefits, that figure includes $743 […]
Press Release, Dennis Wamsted and Bryndis Woods
Eleven PJM projects under development may fail to prove financially viable
October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]
IEEFA
Greentech Media: Maine utility regulators have announced the results of the state’s largest renewables procurement to date, with solar developers coming away with the majority of winning bids. Solar will account for about 482 megawatts of the 546 megawatts of projects approved Tuesday by the Maine Public Utilities Commission. Maine now has about 90 megawatts of […]
IEEFA
Greentech Media: After years of development, the University of Maine has landed two major energy investors for its floating offshore wind demonstration project, announcing that units of Japan’s Mitsubishi Corp. and German utility RWE will buy and build the project — a potential door-opener for the U.S. floating wind market. RWE Renewables and Mitsubishi-owned Diamond […]
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 […]