February 15 Energy News

February 15, 2015

Opinion:

¶ “Arthur Berman: Why Today’s Shale Era Is The Retirement Party For Oil Production” – Podcast guest Arthur Berman, a geological consultant with 34 years of experience in petroleum exploration and production, sees the recent US oil production boost from shale drilling as short-lived and somewhat desperate. [peakprosperity.com]

¶ “Did Obama Just Waste $907 Million Trying to Save Nuclear Power?” – The power of the atom has started to give way to cheaper energy sources with more favorable public opinion. But President Obama’s proposed budget for 2016 set aside $907 million for the US DOE to invest in nuclear energy technologies. [Motley Fool]

World:

¶ A contract for two offshore wind parks in Japan has been won by Marubeni Corporation. The site is off the coast of Akita Prefecture, in the northern part of Honshu, Japan’s largest island. The turbines will be 5 MW. One site will have 13, and the other will have 16. Both parks should be operating in 2021. [CleanTechnica]

¶ Indian prime minister Modi inaugurated the first Renewable Energy Global Investors Meet. On the first day of the three-day event, 293 companies committed to set up plants to generate 266 GW of renewable energy in 5 years, while banking major SBI said it will finance 15,000 MW renewable energy. [India.com]

¶ Mr Piyush Goyal, Union Minister for Power, Coal and Renewable Energy, told a group of industry executives, “India will be power surplus in 2019, and we are taking all necessary steps. From the current one trillion units of energy generation, we can double the power generation and become power surplus.” [SteelGuru]

¶ A report due out in Scotland this month aims to identify the ways to jump-start the stalled maritime wind sector, by enabling price cuts of a third, to £100 per MW/h. Power from less productive onshore wind farms costs £85 per MW/h average. This means offshore wind can be competitive with onshore. [Herald Scotland]

¶ Renewable energy firm Welspun Renewables today said it will set up 11 GW solar and wind projects across India. The 11 GW capacity will be developed as 8,660 MW of solar and 2,341 MW of wind power projects, the company said in a statement. It will commission over 1 GW of solar and wind this year. [Business Standard]

¶ US-based SunEdison and First Solar committed to build more than 20,000 MW of renewable capacity in India, boosting India’s renewable energy targets. SunEdison will build 15,200 MW of solar and wind power capacity by 2022, while First Solar made a commitment to develop 5,000 MW of solar by 2019. [Times of India]

US:

¶ The White House has backed solar and wind power projects and touted the benefits of the country’s surging production of natural gas, which burns about 50% cleaner than coal, still the largest source of electricity in the US. It had backed clean coal, but now, the US DOE is beginning to withdraw that support. [Bloomberg]

¶ One thing energy companies leave out of their talking points for expanding pipelines in New England is an effort to deliver natural gas to Canada for export. Developers are already moving to send natural gas through Massachusetts to Nova Scotia, where it would be converted to liquefied natural gas and exported. [ecoRI news]

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