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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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Court battle looms over Alabama Power rooftop solar surcharge

Al.com:  Alaska has more residential solar installations than Alabama. So does Rhode Island, Delaware, Mississippi and every other state except North and South Dakota. Georgia has 10 times as much residential solar as Alabama, and South Carolina has 17 times as much as Georgia. But that could change soon for Alabama. For years, solar advocates […]

June 29, 2021 Read More →

White House plans offshore wind leases in New York and New Jersey

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, […]

June 14, 2021 Read More →

Biden offshore wind plans meet stiff headwinds for major expansion

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 […]

June 8, 2021 Read More →

Biden approves Vineyard Wind project, first major U.S. offshore wind farm

New York Times ($): The Biden administration on Tuesday announced its final approval of the nation’s first commercial-scale offshore wind farm, a major step toward President Biden’s goal of expanding renewable energy production across the United States. The Vineyard Wind project calls for up to 84 turbines to be installed in the Atlantic Ocean about […]

May 11, 2021 Read More →

First large-scale U.S. offshore wind farm could open by 2023

S&P Global Market Intelligence ($): Avangrid Inc.’s 800-MW Vineyard Offshore Wind Project appears on track to become the first large-scale U.S. offshore wind farm to enter service, with the developer expecting a final investment decision in the second half of 2021 and production of electricity to begin in 2023, executives said May 4. Avangrid’s 23-GW […]

May 7, 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 →

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 →

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 →

Rhode Island moving forward with 600MW offshore wind solicitation

ReNews.biz: Rhode Island has issued a 600MW offshore wind solicitation for the state. The move forms part of Governor Gina Raimondo’s plan to meet 100% of the state’s electricity demand with renewable energy resources by 2030. The solicitation will be developed by National Grid, with oversight by the state Office of Energy Resources, and is subject […]

October 28, 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 […]