Most Popular Stories

    IEEFA Vogtle Nuclear Units' Soaring Power Cost IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billionJanuary 20, 2022 (IEEFA)—Once estimated at more than $14 billion, the price tag for two new reactors at Georgia Power Company’s Plant Vogtle site has now climbed past $30 billion, and both units will be more than six years late in coming online, according to a report by the Institute for Energy Economics and Financial ...
    Above 10% - Passenger Electric Vehicle Sales in China as a Percentage of Total Sales, Quarterly IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscapeThe jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen fuel cell ...
    IEEFA video: Are gas and LNG investments safe?Are gas investments safe? IEEFA energy finance analyst Bruce Robertson shows how risks are mounting in the sector and warns that these will result in financial losses and stranded assets. This pressure comes from many directions including climate change, energy and financial policy shifts, market competition, fluctuating demand, price volatility and technological innovation, including decarbonization ...
    Pennsylvania coal-fired plant slated for March shutdown, demolitionPittsburgh Post-Gazette: Cheswick Generating Station, the last coal-fired power plant in Allegheny County, is being sold to a Kentucky-based firm for demolition, remediation and redevelopment when it shuts down at the end of March. Charah Solutions Inc., which specializes in environmental remediation, is purchasing the power plant in Springdale and its related ash landfill and wastewater treatment ...
    Tri-State reaches settlement, plans bigger shift to renewablesDenver Post: Tri-State Generation and Transmission Association, a wholesale power provider serving rural utilities in Colorado and three other states, has reached a settlement with several parties on a plan aimed at cutting costs for ratepayers and setting ambitious goals for reducing carbon emissions. The Colorado Public Utilities Commission will consider Tri-State’s electric resource plan. The plan charts ...
    Wind production in Nordic nations hits record of 21.3 gigawatts in a dayReuters: Wind power production in the Nordic countries hit a record high of 21.3 gigawatts (GW) on Thursday amid stormy weather in the region, Refinitiv Eikon data showed. Wind turbines' output across Denmark, Norway, Sweden and Finland reached the new high point for the hour from 0500 GMT, according to the data. The previous record, hit only last ...
    Study: Big box stores could meet half their electricity needs with solarWashington Post ($): Expansive, flat and abundant, the rooftops of big-box stores in the United States could produce enough solar energy to meet half their electricity needs, according to a report released Thursday. Walmart leads the way in rooftop solar potential, followed by Target and Home Depot. “There’s massive potential across the entire country for big-box stores ...
    Distributed solar amounted to half of all installations in China last yearPV Tech: Distributed PV installations in China topped 29GW last year, contributing more than half of total solar installations in the country for the first time. In a note published yesterday, the country’s National Energy Administration (NEA) said around 53GW of grid-connected solar capacity was installed last year, an increase on the 48.2GW installed in 2020. Installations fell ...
    Berkshire Hathaway unit plans 2.1-gigawatt wind, solar project in IowaRenewables Now: US electricity and natural gas utility MidAmerican Energy Co, part of Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.A), on Wednesday unveiled plans to deploy 2.1 GW of wind and solar power capacity in Iowa under a USD-3.9-billion (EUR 3.4bn) project. The company said on Wednesday it has submitted an application with the Iowa Utilities Board, seeking ...
    Investments in India's C&I Rooftop Solar Space IEEFA India: Scaling up rooftop solar financeIndia has set a target of 40 gigawatts (GW) of rooftop solar by 2022. As of 30 June, 2021 India had 7.7GW of installed rooftop solar capacity. The commercial and industrial (C&I) sector accounts for about 75% of the total rooftop solar installations in India and accessible financing is a prerequisite to drive growth in the ...