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Tom Sanzillo
Harvard divestment raises issue of climate, ethics and investments by higher ed and philanthropies
The recent decision by Harvard to divest from fossil fuels is part of a trend and also a precedent-setting event. Earlier this year, BlackRock informed the New York City pension funds that the divestment movement is no longer limited to small investment funds. Its report found that an increasing number of large institutional investors are […]
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S&P Global Market Intelligence ($): Vineyard Wind said Sept. 16 that it submitted two proposals to build an offshore wind project off the coast of Massachusetts. The project, named Commonwealth Wind, is another joint venture between Avangrid Inc. subsidiary Avangrid Renewables LLC and Copenhagen Infrastructure Partners K/S of Denmark. Iberdrola SA is Avangrid’s parent company. […]
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Reuters: Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts as soon as this week, the project’s developer said on Wednesday. The senior debt financing allows the project, a joint venture between Avangrid Inc. and Copenhagen Infrastructure […]
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E&E News ($): New Jersey Gov. Phil Murphy signed a law yesterday stripping local communities of authority over placement of transmission lines, removing a chief obstacle for offshore wind in the state. The move, while focused on just one state, highlights national tensions cropping up over a planned acceleration of renewable energy projects that some […]
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MassLive: The dispute is over a 145-mile transmission line, which would cost nearly $1 billion and is being financed by Massachusetts electric ratepayers, which would eventually bring hydropower from Canada to Massachusetts. The two energy companies, NextEra Energy and Avangrid rival complaints are risking the state’s ability to comply with its new climate law signed […]
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Wall Street Journal ($): A four-year-old startup says it has built an inexpensive battery that can discharge power for days using one of the most common elements on Earth: iron. Form Energy Inc.’s batteries are far too heavy for electric cars. But it says they will be capable of solving one of the most elusive […]
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E&E News ($): U.S. exports of liquefied natural gas are surging under President Biden, eclipsing prior records and poised to climb higher still. Even as the administration pledges to tackle climate change in part by distancing the United States from fossil fuels, the country’s LNG exports expanded to a new high this March, according to […]
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New York Times ($): The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy. The proposed sale, the first of the Biden administration, […]
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Utility Dive: North Carolina Gov. Roy Cooper, D, laid out ambitious offshore wind goals Wednesday as the state pushes toward its aim of reducing greenhouse gas emissions 70% below 2005 levels by 2030. Cooper’s executive order calls for the state to develop 2.8 GW of offshore wind projects by 2030 and 8 GW by 2040, […]
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New York Times ($): A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs. The United States has exactly seven. With more than 90,000 miles of coastline, the country has plenty of places to plunk down turbines. But legal, environmental and economic obstacles and even vanity have stood in the […]
IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables
Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storageApril 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]