February 28 Energy News

February 28, 2016

Opinion:

Nevada must work to stay ahead of curve • The renewable energy industry has been a particularly bright spot in Nevada’s economy. The state’s $500 million investment in tax incentives has yielded a 10-to-1 return. Action on the Clean Power Plan could have similar results. [Las Vegas Review-Journal]

Heliostats at the Crescent Dunes Solar Project, located 11 miles northwest of Tonopah, Nevada. Jeff Scheid/Las Vegas Review-Journal

Heliostats at the Crescent Dunes Solar Project, 11 miles northwest of Tonopah, Nevada. Jeff Scheid / Las Vegas Review-Journal

World:

¶ Industry analysts are now forecasting that Australia may not hit its 2020 renewable energy target. If an annual shortfall occurs major energy players are required to pay penalties to the federal government. The additional costs are to be passed on to consumers. [Sydney Morning Herald]

¶ APA, which owns and operates gas pipelines, wants a seat at the table in the multibillion-dollar investment boom in renewable energy sources as Australia moves to meet the mandated renewable energy target. The company seeks to develop expertise in renewable energy. [Sydney Morning Herald]

APA plans to lift its renewable energy commitment. Photo: Bloomberg

APA plans to lift its renewable energy commitment.
Photo: Bloomberg

¶ The Sembcorp Gayatri Power Complex, sited in Andhra Pradesh, is coming online with a capacity of 2,640 MW. Its two 1,320 MW coal-fired power plants together cost $3 billion. Sembcorp Industries’ income from India will be “quite substantial” in the coming years, its CEO said. [AsiaOne]

¶ Councils in the UK should use bonds to fund infrastructure projects such as renewable energy and flood defences, according to the Lord Mayor of London. Municipalities in the US and Sweden, have raised billions of pounds for green projects by selling bonds to the public. [The Independent]

Wroughton Solar Park in Wiltshire has been funded by green bonds

Wroughton Solar Park in Wiltshire has been funded by green bonds

¶ Investment in forestry over the next five years will have a big impact on the environment, as it will result in the planting of 600,000 hectares (1.5 million acres) in Europe, according to Dermot Ryan, Senior Advisor to European Commissioner Phil Hogan. [Agriland]

¶ Iran is complying so far with the July 2015 landmark nuclear deal with major powers, a report from the International Atomic Energy Agency said. Its first assessment since the accord came into force on January 16 yesterday showed that Iran was meeting its main commitments. [Daily Excelsior]

US:

¶ The Long Island Aquarium and Exhibition Center may be the recipient of waste heat generated by a new fuel cell energy generator being proposed for downtown Riverhead. Connecticut-based Fuel Cell Energy will build three 1.4-MW fuel cell generators in Suffolk County. [East End Beacon]

Fuel cell power plant

Fuel cell power plant

¶ Utilities have been grappling with how to integrate wind farms and solar plants into their systems and business models. Cheap power from large-scale renewables and rooftop solar have undercut the profitability of conventional electricity generation from coal and nuclear sources. [Malay Mail Online]

¶ A bid to extend Virginia’s coal tax credit has once again cleared the General Assembly and is on its way to the governor. The tax credits for coal mine owners and coal-buying power companies were created to help slow the industry’s decline. But they may not be working. [Roanoke Times]

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