November 1 Energy News

November 1, 2016

Opinion:

¶ “Oil patch states may have seen the last boom” • A growing body of research says changes in the international oil market, advances in wind power and solar generation, and regulations aimed at curbing climate change may hold down the price of oil and natural gas for years or even a decade. [Environment & Energy Publishing]

North Dakota oil pumps (Photo courtesy of AP Images)

North Dakota oil pumps (Photo courtesy of AP Images)

Science and Technology:

¶ A report from Navigant Research on the global market for residential distributed energy resources predicts that annual revenue for the market is set to increase from about $19.7 billion in 2016 to $92.7 billion in 2025, growing at an annual growth rate of 18.8%, and bringing the sector’s total revenue up to $423 billion. [CleanTechnica]

¶ PricewaterhouseCoopers’ annual Low Carbon Economy Index report has found that the global carbon intensity (emissions per unit of GDP) fell by 2.8%. This was more than double the average fall of 1.3% between 2000 and 2014, but far below the 6.5% required to stay within the 2° C warming limit set by the Paris agreement. [The Guardian]

Cooling towers at a coal plant  (Photo: Pawel Kopczynski / Reuters)

Cooling towers at a coal plant (Photo: Pawel Kopczynski / Reuters)

World:

¶ Etrion Corporation announced today it has commenced full commercial operation of the 24.7-MW Shizukuishi solar power plant located at a site in the Iwate Prefecture of northern Japan. Etrion’s partner and EPC contractor, Hitachi High-Technologies Corporation, delivered the project on-time and on-budget. [Business Wire]

¶ Offshore wind has the potential to reach 100 GW of capacity by 2030 thanks to technology advancements and cost declines, according to the International Renewable Energy Agency. The sector could grow more than 650% from the 13 GW in operation last year to become a key electricity generation technology. [reNews]

Offshore wind farm (MorgueFile image)

Offshore wind farm (MorgueFile image)

¶ Shopping center Iso Omena plans to build a large solar power system. When complete, this will be the largest solar power plant realized on a Finnish retail property. To be installed on the roofs of the shopping center, the approximately 2,000 solar panels will produce around 460,000 kWh of solar electricity annually. [EPR Retail News]

¶ A2Sea is to install 102 Siemens 7-MW turbines at ScottishPower Renewables’ 714-MW East Anglia 1 offshore wind farm 45 km off the coast of Suffolk in the UK. Installation vessel Sea Challenger will carry out the work, which is set to start in the summer 2019. A2Sea said it will aim to use UK suppliers for the mobilization of the vessel. [reNews]

A2Sea's Sea Challenger at work (A2Sea image)

A2Sea’s Sea Challenger at work (A2Sea image)

¶ The European Bank for Reconstruction and Development is providing a $70 million loan to Green Watts Renewable Energy to help build the 86-MW Al Rajef wind farm in southern Jordan. The $185 million project is the first wind farm developed under round one of Jordan’s renewable energy feed-in-tariff program. [reNews]

¶ China accounts for a third of the world’s investment, according to the director-general of the International Renewable Energy Agency. China’s investment in renewable energy last year was $102.9 billion, up 17% from the same period the year before. World investment in renewable energy, including China’s, was $330 billion. [China Daily]

Wind farm in Zhoushan, Zhejiang province. (Photo/China Daily)

Wind farm in Zhoushan, Zhejiang province. (Photo/China Daily)

US:

¶ Sempra US Gas & Power has restarted seven of the eight Siemens 3MW-101 direct drive turbines at the 21-MW Auwahi wind farm in Hawaii, after a major failure of one unit resulted in a temporary shutdown. A spokesperson said initial investigation revealed problems with the fasteners connecting the nacelle to the tower. [reNews]

¶ Amazon Web Services Inc is adding another wind farm, a 189-MW project in Ohio, in its effort to power its infrastructure with 100% renewable energy. The cloud computing unit Amazon.com Inc engaged EverPower Wind Holdings Inc to build, own and operate the wind farm, called Amazon Wind Farm US Central 2. [SeeNews Renewables]

Wind farm (Author: Samir Luther, CC BY-SA 2.0)

Wind farm (Author: Samir Luther, CC BY-SA 2.0)

¶ Iberdrola Renewables is offering residents of two Vermont communities direct payments if a windfarm is built in them.
The payments are estimated at $1,162 per year for full-time
adult residents of Windham and $428 for Grafton residents.
The Vermont attorney general’s office has found nothing improper with the proposal. [PennEnergy]

¶ The Tule Wind Project has received the go-ahead from California’s State Lands Commission to build a second phase in San Diego’s East County. In a unanimous decision, members of the commission approved a 40-year lease on 640 acres. The second phase will have 24 turbines with a capacity of 69 MW. [The San Diego Union-Tribune]

Tule Wind Project (Photo from Avangrid Renewables)

Tule Wind Project (Photo from Avangrid Renewables)

¶ NextEra Energy’s earnings were $809 million in the third quarter of 2016, up from $730 million in the same period last year, bolstered by new investments in wind power. NextEra Energy Resources unit added about 600 MW of new wind projects and roughly 1.3 GW of additional repowering opportunities to its backlog. [reNews]

¶ Exelon is again preparing to introduce a bill in the Illinois legislature aimed saving two of its at-risk nuclear plants the utility says are unprofitable in regional electricity markets and will close without financial support, Crain’s Chicago Business reports. The bill would calculate subsidies for the nuclear plant. [Utility Dive]

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