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IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

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 […]

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Analysis shows rooftop solar saved New England ratepayers $1.1 billion from 2014-2019

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 […]

December 9, 2020 Read More →
IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks
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IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

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 […]

Solar takes largest share as Maine regulators okay 546MW of new renewable energy projects

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 […]

September 23, 2020 Read More →

RWE, Mitsubishi to develop floating wind project off the Maine coast

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 […]

August 6, 2020 Read More →

State mandates to drive 12.5GW of new wind, solar capacity in New England region by 2030—S&P

S&P Global Market Intelligence ($): Despite being the smallest independent system operator, or ISO, in terms of electricity demand in the U.S., ISO New England is expected to be a very active market for renewable energy deployment over the next decade. Each of the six states in the ISO has a mandatory renewable portfolio standard […]

June 16, 2020 Read More →

Proposed New England power projects reflect ‘dramatic shift’ from gas to renewables

Utility Dive: About 95% of nearly 21GW of energy resources currently proposed for the New England region are grid-scale wind, solar and battery projects, according to the Independent System Operator of New England (ISO-NE). The number “reflects a dramatic shift” in the grid operator’s interconnection queue, ISO-NE president and CEO Gordon van Welie said in […]

March 16, 2020 Read More →

S&P: Renewables offer better financial return in New England market than merchant gas plants

S&P Global Market Intelligence ($): The expected financial return on new renewable projects in ISO New England exceeds that of merchant natural gas projects, according to recent analysis from S&P Global Market Intelligence. New merchant natural gas projects in ISO-NE are affected by the ISO-NE Forward Capacity Auction. In February, the auction, known as FCA […]

March 9, 2020 Read More →

U.S. offshore wind industry could become $70 billion business by 2030—AWEA

CNBC: Just three years ago, five giant wind turbines in the waters off Block Island, Rhode Island, started spinning 30 MW of electricity to that tiny community of about a thousand residents. While it remains the only offshore wind farm in the U.S., that’s about to dramatically change. According to the Department of Energy, offshore […]

December 16, 2019 Read More →

New England municipal utilities see big benefits from battery storage projects

Greentech Media: NEC Energy Solutions is building momentum with its grid battery offerings for municipal utilities in New England. Two years after a pathbreaking storage project with the Sterling Municipal Light Department in Massachusetts, NEC has added five more contracts in that state and one in Maine. The projects will add up to 20 megawatts […]

August 20, 2019 Read More →

‘Offshore wind ready to take off in the U.S.’

S&P Global Market Intelligence ($): As of the end of 2017, European countries have installed a total of just under 16,000 MW of offshore wind. The United States has installed 30 MW. For a country that ranks second globally in onshore wind installations with roughly 89 GW, why is it that the US is so […]

August 7, 2018 Read More →