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Cathy Kunkel
Power outages and services delays should raise alarms for the future
More than two weeks into its management of Puerto Rico’s electrical system, private contractor LUMA Energy is not off to a good start. Frequent power outages and service delays have tested the patience of an already over-burdened customer base since LUMA Energy took control of the island’s electric system in a privatization switchover on June […]
IEEFA
Associated Press: State regulators have approved a deal by utility AES Indiana to build a sprawling solar farm in central Indiana that could generate enough electricity to power more than 30,000 homes. The Indiana Utility Regulatory Commission on Wednesday unanimously approved the project, which will stretch across nearly 1,800 acres in Clinton County, in an […]
IEEFA
Miami Herald: As a flash storm poured over San Juan on June 1, leaders and members of labor unions huddled under a yellow tent in front of the Puerto Rico Electric Power Authority to denounce LUMA Energy, the new private operator of the island’s power grid. “There won’t be peace, there won’t be peace, if […]
Tom Sanzillo
IEA Net Zero by 2050 report lays out roadmap for successful economic transition
The recently released International Energy Agency (IEA) roadmap to a net-zero economic transformation by 2050 not only lays out an energy-and-beyond vision, but also sets forth key steps needed to achieve it. The situation is dire, and the message for institutional investors, particularly public funds, is stark. Maintaining returns that meet financial targets—and protecting the […]
IEEFA
Reuters: U.S. solar installations are on track for record-breaking growth over the next three years, a view that could be challenged by soaring project costs or accelerated by new subsidies championed by the Biden administration, according to an industry report released on Tuesday. In the first quarter, solar installations soared 46% to more than 5 […]
IEEFA
Renew Economy: Queensland’s publicly owned coal fired power stations could become a drain on taxpayer funds, with a new assessment finding that some may never again be profitable. A new analysis produced by the Queensland Conservation Council has forecast the profitability of the Queensland government’s owned coal generation businesses, including Stanwell Corporation and CS Energy, […]
IEEFA
Public News Service: Lawmakers are returning to Springfield for a special session this week for a vote on the Clean Energy Jobs Act, aimed at decarbonizing the economy and bringing clean-energy jobs to Illinois. Jack Darin, director of the Sierra Club Illinois Chapter, said the landmark climate bill was poised to pass at the end […]
IEEFA
New York Times ($): The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy. The proposed sale, the first of the Biden administration, […]
Simon Nicholas
A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts
The New South Wales (NSW) Treasury has concluded in a technical paper for the 2021 NSW Intergenerational Report that “global demand for coal is expected to weaken considerably”. The report further notes that “Declining global demand for coal will reduce New South Wales’ economic growth over the projection period and will have impacts both on […]
IEEFA
E&E News ($): Coal-fired units at three power plants are poised to close over the next year in the largest U.S. electricity market, which is managed by PJM Interconnection LLC. The affected coal-fired generation totals about 2,421 megawatts of capacity, according to GenOn Holdings LLC, which made the announcement this week. The list includes Morgantown […]
IEEFA: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables
Seven important lessons for energy planners around the globe in transitioning grids from fossil fuels to renewables3 June 2021 (IEEFA Australia): South Australia offers vital lessons for other jurisdictions transitioning from a fossil fuel-based electricity grid to a low emissions, high renewables grid, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). “The proportion of South Australia’s electricity demand met by large scale and small scale variable […]