June 19 Energy News

June 19, 2018

Opinion:

¶ “US Offshore Wind Upends Plans For Saving Coal & Nuclear Power Plants” • If the latest news out of the US DOE is any indication, the Trump Administration’s newest stratagem for keeping old coal and nuclear power plants in operation – make the taxpayers pay extra to keep uneconomical power plants running – is going nowhere fast. [CleanTechnica]

Sea Installer at work

¶ “Could the U.S. Retire Most of Its Coal-Fired Power Plants by 2040?” • The Energy Information Administration said coal could still generate 22% of US electricity in 2050, but there is a reason why it may be wrong. Utilities and electricity generators are far more eager to get away from coal than market outlooks seem to take into account. [Motley Fool]

World:

¶ China suddenly announced late last month that it would cap its solar additions in 2018 to curtail oversupply. Shortly after that, market research firm EnergyTrend, based in Taiwan, revised its forecast for the country’s solar capacity additions this year, and it lowered its global forecast from 106 GW to between 92 GW and 95 GW. [CleanTechnica]

Solar panels in China (Shutterstock image)

¶ The Solar Trade Association and Solar Power Europe are celebrating big wins for solar under the EU’s revised Renewable Energy Directive, which be in effect in 18 months. Its measures include the recognition of the role and rights of prosumers, local Government, and community energy. It also would reduce red tape. [Renewable Energy Magazine]

¶ The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing economies in 2017, a seven-year high and up 28% on 2016. Of the $35.2 billion, $27.9 billion is focused on projects that aim to slow down the pace of global warming, with the rest for climate adaptation projects. [CleanTechnica]

Please click on the image to enlarge it

¶ A majority of state-owned banks and financial institutions in India continued to fund coal projects in 2017, according to a report prepared by the Delhi-based Centre for Financial Accountability. It found that coal received ₹60,767 crore ($9.35 billion) in lending whereas renewable energy received ₹22,913 crore ($3.50 billion) [ETEnergyworld.com]

¶ Israeli renewable energy company Ellomay Capital Ltd has awarded the engineering, procurement and construction contract for its 300-MW DC Talasol PV project in Spain to METKA EGN Ltd. Ellomay’s chief executive said the Talasol project is expected to be one of Europe’s largest PV projects and one of its first to work without subsidies. [Renewables Now]

Spanish solar park (Som Energia Cooperativa, CC-BY-SA)

¶ The technology group Wärtsilä is leading the way to the power industry’s transformation towards a future that utilises 100% renewable energy. Wärtsilä is making a call to action since the technologies required to achieve this vision are already available. In a changing energy sector, Wärtsilä is harnessing its extensive capabilities to lead that change. [SteelGuru]

¶ Britain is throwing away its opportunity to rule the global wave and tidal energy sector due to lack of government support, a series of leading developers have told the Guardian. The nation is currently seen as a world leader in capturing renewable energy from the oceans but some companies are already heading for new shores. [The Guardian]

Tidal turbine (Photo: Jeff J Mitchell | Getty Images)

¶ Bloomberg NEF published its annual analysis of the future of the global electricity system. For the first time, it highlights the impacts of falling battery costs. BNEF predicts that lithium-ion battery prices, already down by nearly 80%, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. [Renewable Energy Magazine]

US:

¶ Pennsylvania conservation officials released a plan to confront climate change on public land as flooding, wildfires and warmer bodies of water threaten wildlife, landscapes and recreation. The state will identify the most resilient microclimates, then try to physically connect them by acquiring the land or developing easements. [StateImpact Pennsylvania]

Pennsylvania wetland (Nicholas, Wikimedia Commons)

¶ Electricity and natural gas distributor National Grid released “Northeast 80×50 Pathway,” outlining various measures to reduce greenhouse gas emissions 80% by 2050. The program includes in-depth modelling and analysis addressing the three most carbon-intensive sectors in the Northeast: power generation, heating, and transportation. [Power Technology]

¶ A large energy storage system is being added to Texas’ largest solar power plant. Vistra Energy showed plans for the energy storage project to investors. The facility will have a 10-MW/42-MWh lithium-ion battery. The solar power plant has a peak output of “nearly 200 MW,” even though its interconnection application is only 180 MW. [pv magazine USA]

Salt River project

¶ An energy storage company in Wilton, Connecticut, is working to reduce energy costs through use of its batteries, which are about the size of an egg carton. Cadenza Innovation was founded in 2012 and is headed by Swedish-born chemist Dr Christina Lampe-Önnerud. The technology will be rolled out in New York in the next year. [WTNH.com]

¶ The final tab for South Carolina’s failed nuclear power project could increase by $421 million after a state audit found the two utilities behind it owe sales tax on the materials they bought for the unfinished plant. The bill, obtained by The Post and Courier, includes $11 million of interest on a $410 million claim for back taxes. [Charleston Post Courier]

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