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Associated Press: Despite attacks on the New England Clean Energy Connect, state regulators have begun the process of collecting proposals for a high-voltage transmission line to serve as a conduit for renewable energy projects in northern Maine. A state law required the Maine Public Utilities Commission to begin planning for a transmission capacity of at […]
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Boston Globe: Mayor Michelle Wu of Boston signed a measure to divest city funds from the fossil fuel industry on Monday, adding Boston to the small number of major US cities that have taken the step to combat the climate crisis. After running on a Green New Deal for Boston — and advocating for divestment […]
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Associated Press: New Mexico customers are sounding the alarm over a proposed multibillion-dollar merger of the state’s largest electric utility provider with a U.S. subsidiary of Spanish energy giant Iberdrola, citing a sordid track record of reliability and customer service. They voiced their concerns during a virtual hearing Monday as state regulators prepare to hear […]
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MassLive: The dispute is over a 145-mile transmission line, which would cost nearly $1 billion and is being financed by Massachusetts electric ratepayers, which would eventually bring hydropower from Canada to Massachusetts. The two energy companies, NextEra Energy and Avangrid rival complaints are risking the state’s ability to comply with its new climate law signed […]
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The Hill: New offshore wind projects will be prohibited from Maine state waters reserved for recreation and fishing under a new measure signed into law Wednesday by Gov. Janet Mills (D). The bill was prompted by concerns from members of the commercial fishing industry on how they will be impacted by the state’s investment in […]
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Natural Gas Intelligence: Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or […]
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S&P Global Market Intelligence ($): 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 […]
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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 […]
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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 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 […]