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Wall Street Journal ($): A growing fight is unfolding across the U.S. as cities consider phasing out natural gas for home cooking and heating, citing concerns about climate change, and states push back against these bans. Major cities including San Francisco, Seattle, Denver and New York have either enacted or proposed measures to ban or […]
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S&P Global Market Intelligence ($): The Tennessee Valley Authority is eyeing small modular nuclear reactors as replacement options for four remaining coal plants projected to reach the end of their useful lives by 2035. TVA spokesman Scott Brooks confirmed May 4 that the federal wholesale power authority assumes the 1,242-MW Shawnee, 2,522-MW Cumberland, 988-MW Gallatin […]
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Chattanooga Times Free Press: The Tennessee Valley Authority, which once got nearly two thirds of its power by burning coal, is preparing plans to phase out the last of its aging fleet of coal power plants within the next decade and a half and turn to more natural gas, nuclear and renewable energy sources like […]
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S&P Global Market Intelligence ($): The COVID-19 pandemic proved to be a significant disruption for many corners of the global energy industry, but the corporate renewables market plowed ahead as if nothing had happened. S&P Global Market Intelligence tracked over 20,000 MW of new corporate wind and solar capacity throughout the year, making 2020 the […]
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PV Magazine: Facebook has signed contracts to buy 806 MW of solar and wind power from projects across Utah, Ohio, Illinois, Tennessee and Ireland. All of the contracts will support its goal of becoming 100% powered by renewables by the end of this year. The projects are geographically diverse and span a wide range of […]
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Chattanooga Times Free Press: For the first time in more than six decades, the Tennessee Valley Authority got more power from renewable sources than from burning coal during the first three months of 2020. With electricity sales down due to the mild weather and COVID-19 virus shutdowns, TVA used its coal-fired power plants to generate […]
Karl Cates
Solar and wind continue to attract investors as fossil fuel assets fall
Amid the global economic crisis, utility-scale wind and solar continue to be seen not just as a long-term investment but one for the near term as well. Writing from Australia this week, my colleague Bruce Robertson notes that two big energy companies—Origin and Santos—are pulling back on oil and gas capital spending but forging ahead on […]
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Associated Press: President Donald Trump tried to stop it from happening. The top Republican in the Senate, Mitch McConnell, did too. Despite their best efforts to make good on Trump’s campaign promise to save the beleaguered coal industry, including an eleventh-hour pressure campaign, the Tennessee Valley Authority power plant at Paradise burned its last load […]
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Greentech Media: The Tennessee Valley Authority announced this week that it has contracted for 484 megawatts of solar power in the past two months, part of its push to expand its clean energy portfolio and reduce its reliance on coal power. The awards announced this week, which include one 200-megawatt solar system paired with a […]
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Chattanooga Times Free Press: The Tennessee Valley Authority shut down the last operating unit at its Paradise Fossil Plant in Western Kentucky over the weekend, ending nearly 57 years of coal-fired generation at what was once one of the largest coal plants in TVA’s fleet. Despite opposition from President Donald Trump and Senate Majority Leader […]
IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry
Decade-long influx of cheap gas started regional transition; solar expected to finish itOct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]