July 23 Energy News

July 23, 2017

Opinion:

¶ “Myths and facts to know ahead of Rick Perry’s study on the electrical grid and renewable energy” • Energy Secretary Rick Perry ordered his department to produce a study on whether shifting to renewable energy affects grid reliability. Many experts believe the study is intended to be biased in favor of fossil fuels and nuclear power. [Salon]

San Onofre, closed (Photo: Northwalker, Wikimedia Commons)

¶ “Trump May Have Unintentionally Killed US Nuclear” • The President’s March 28th Executive Order could damage the US nuclear power industry. As it undermines the idea that we should consider the social cost of air pollution from power generation, it also undermines the arguments of those who favor of expensive nuclear power. [OilPrice.com]

Science and Technology:

¶ One farmer in Georgia said the past two years brought the worst weather he has ever seen. There were catfish in his corn fields one year and drought the next. Until recently, he hadn’t considered global warming too deeply. He is paying attention now, as climate scientists are predicting increasingly difficult weather. [Chattanooga Times Free Press]

Georgia farmer (Photo: Doug Strickland | Times Free Press)

World:

¶ South Korea’s carbon dioxide emissions rose 1.3% in 2016 from the previous year, industry data showed. The data put more urgency on Seoul’s efforts to reduce its dependence on fossil fuel to meet its energy needs. The new Moon Jae-in government has vowed to retire both nuclear and coal-fired thermal power plants as they age. [Yonhap News]

¶ Solar prices have fallen 73% in India since 2010. Renewable energy could generate 49% of electricity in India by 2040 because more efficient batteries will provide flexibility of use and boost the reach of renewables, cutting the cost of solar energy by a further 66% over current costs, according to a Bloomberg report. [Hindustan Times]

Solar system (Wikimedia Commons | Binu Jayakrishnan)

¶ According to an alternative environment-friendly power generation proposal, the price of electricity in Bangladesh in 2021 could be Tk7.65/kWh (9.49¢/kWh), as opposed to the government’s projected price of Tk11.56/kWh (14.34¢/kWh). Implementation the draft alternative proposal would save $19 billion from 2016 to 2041. [The Daily Star]

¶ The Middle East and North Africa region is looking to develop more than 67 GW of clean energy projects that are currently at various stages of the design and study, according to Renewable Energy in the MENA Region 2017, a new report from MEED. The report estimates that this will require investment upwards of $200 billion. [Technical Review Middle East]

Tracking solar system (Image: James Moran | Flickr)

¶ Live Mint reported that US-based investment company Warburg Pincus is planning to invest $75 million in Indian residential solar power developer CleanMax Solar. That would mark one of the largest investments in India’s rooftop/residential solar power market as India works towards adding 100 GW of solar capacity by 2022. [Microgrid Media]

US:

¶ The Michigan Public Service Commission is expected to rule on fair rates that a utility has to pay to small companies that get power from renewables such as hydroelectric, biomass, waste-to-energy, and landfill gas. The market is one in which renewable energy is increasingly dominated by utility-owned wind and solar projects. [Crain’s Detroit Business]

Privately owned dam of White’s Bridge Hydro Co

¶ In his farewell earnings report, Jeffrey Immelt ended his 16-year tenure as CEO of GE by telling investors that GE’s earnings are likely to be disappointing the rest of this year. The culprit: sputtering energy markets. Oil has become a source of headaches for GE investors since the company put billions into that sector. [Bloomberg]

¶ Guam Power Authority’s newest power purchase agreement is with a consortium that plans to build an estimated $200 million solar power plant. The investors’ partnership, called KEPCO-LG CNS Consortium, is expected to build a 60-MW solar power plant that would also include a system that stores power for nighttime use. [The Guam Daily Post]

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