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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 […]
IEEFA
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 […]
IEEFA
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 […]
IEEFA
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 […]
IEEFA
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 […]
Seth Feaster
Plants are retiring at a faster rate per month than last year as utilities switch to gas and build renewables
New data from the Energy Information Administration (EIA) indicates that the shift away from coal-fired power generation has accelerated this year in the United States. In August, utilities generated 18 percent less power from coal than in August of last year, marking the sixth month in 2019 with a decline of more than 10 percent. […]
Press Release, Dennis Wamsted and Seth Feaster
Decade-long influx of cheap gas started regional transition; solar expected to finish it
Oct. 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 […]
IEEFA
S&P Global Platts: After climbing 15% in 2018, utility-scale solar capacity in the southeastern US is expected to surge another 25% this year, but the geographic concentration of such growth is driven more by policy than by the quality of the sunshine, S&P Global Platts analysis shows. S&P Global Platts Analytics data show the region […]
Press Release, Dennis Wamsted and David Schlissel
Buyers beware: resuscitating the aging unit is a losing proposition
June 11, 2019 (IEEFA U.S.) – The decision by the Tennessee Valley Authority’s (TVA’s) board of directors to close the Paradise Unit 3 coal-burning power plant in 2020 “makes perfect sense,” according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, Problems in Paradise: Closing TVA’s […]
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 […]