Maryland

IEEFA Research

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

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 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.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

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 […]

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River Valley

Oct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]

More News and Commentary

Independent power producer to build 175MW solar farm at closed Maryland coal mine

S&P Global Market Intelligence ($): Independent power producer Competitive Power Ventures Inc. plans to build a 175-MWac solar facility in Garrett County, Md., at a closed coal mine. The Backbone Solar, or CPV Backbone, project will be sited on approximately 1,100 acres of Arch Resources Inc.’s former Vindex mine and would generate enough electricity to […]

March 18, 2021 Read More →

U.S. East Coast states planning for surge in offshore wind projects

S&P Global Market Intelligence ($): U.S. East Coast states are bracing for an offshore wind boom as a new presidential administration signals support for the burgeoning industry. President Joe Biden’s administration on March 8 published the environmental statement for the proposed 800-MW Vineyard Offshore Wind Project off the coast of Martha’s Vineyard in Massachusetts, being […]

March 10, 2021 Read More →

GenOn to close Morgantown coal-fired station, support Maryland just transition legislation

E&E News ($): One of the nation’s largest independent power producers has announced it is closing a coal plant in Maryland and is throwing its weight behind a bid to phase out coal-fired generation in the state entirely. GenOn Holdings Inc., a Houston-based firm, said it plans to retire its [1,205MW] Morgantown Generating Station in […]

December 22, 2020 Read More →
IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now
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IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA U.S.: Coal plants close as renewable energy construction rises

IEEFA U.S.: Coal plants close as renewable energy construction rises

Two sectors heading quickly in opposite directions

Joe Biden’s win in the U.S. presidential election has sparked thousands of words about coming changes to the electric utility sector; the reality is that the marketplace is already quickly pushing these changes. During the past three weeks, seven utilities have announced plans to close or convert almost 9,500 megawatts (MW) of coal-fired generation across […]

November 20, 2020 Read More →

Talen to stop burning coal at three plants with 3.6GW of capacity in Pennsylvania and Maryland by 2025

S&P Global Market Intelligence ($): Transitioning to cleaner fuel sources, Talen Energy Corp. will stop burning coal at three of its wholly owned facilities in Pennsylvania and Maryland by the end of 2025 and develop new renewable energy and battery storage resources, the Texas-based power generation company announced Nov. 10. As part of a deal […]

November 12, 2020 Read More →

U.S. developer Sunrun expects residential solar-plus-storage to be the new standard

S&P Global Market Intelligence ($): By extending its energy storage offering to all 19 states in which it operates, U.S. residential solar supplier Sunrun Inc. is positioning itself for “a market where in two, three years, every solar system has a battery,” CEO Lynn Jurich said. The company on Nov. 5 announced it would begin […]

November 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 […]

Ørsted to use GE’s massive 12MW turbine for two offshore U.S. wind farms

CNBC: Danish firm Ørsted has chosen GE Renewable Energy as its preferred turbine supplier for two offshore wind farms in the U.S. The agreement means that Ørsted is set to use GE Renewable Energy’s huge Haliade-X 12 MW wind turbines at the projects. Ørsted’s use of the turbines will represent the first commercial deployment of […]

September 20, 2019 Read More →

AWEA: Record amount of wind capacity in U.S. development pipeline

Clean Technica: The United States’ wind energy sector saw record wind capacity under construction or in advanced development in the second quarter of 2019, with its pipeline reaching nearly 42 gigawatts (GW) and a total of 736 megawatts (MW) of new capacity commissioned. The American Wind Energy Association (AWEA) opened August by publishing its US […]

August 7, 2019 Read More →