July 4 Energy News

July 4, 2018

Opinion:

¶ “Fossil Fuels Are Likely To Go Bust Regardless Of Climate Action” • Wind turbines, solar panels, and electric vehicles get cheaper and more abundant by the day, hurting demand for coal, oil and natural gas. As demand falls for fossil fuels, so will prices. Companies with coal mines or oil wells, will be unable to turn a profit digging up fuel. [CleanTechnica]

Offshore oil (Genghiskhanviet, Wikimedia Commons)

World:

¶ Acme Solar and Azure Power managed to secure the rights to develop 600 megawatts of capacity each in the largest solar power tender issued by the Solar Energy Corporation of India to date. The Acme Solar bid of ₹2.44/kWh (3.55¢/kWh) matches a price at one earlier Acme Solar site as at the lowest ever in the Indian solar power market. [CleanTechnica]

¶ The new energy company and electric vehicle titan BYD, based in China, has signed the largest bus deal it has ever had in the Americas, with a new order for 100 fully electric BYD buses in Santiago, Chile. The new buses will start operations in November of this year, when BYD hands them over to the transit operator, Transantiago. [CleanTechnica]

BYD buses for Santiago

¶ French utility ENGIE and the sustainable investments firm SUSI Partners signed financing agreements to develop a 208-MW wind farm in Norway. The 51 Siemens Gamesa turbines in Project Tonstad will be located in the provinces of Sirdal and Flekkefjord. The wind farm will be one of the largest in the country. [Energy Digital]

¶ Nestle officially opened a nine turbine wind farm that can produce enough power for half of its factories, warehouses, and offices in the UK and Ireland. The food and beverage powerhouse said the facility generates 125 GWh of power annually, so enough electricity for 30,000 homes will be sent directly to the network each year. [CNBC]

Nestle wind farm (Nestle image)

¶ On the occasion of Global Wind Day, Indian Minister for New and Renewable Energy RK Singh announced that the country will auction 40 GW of solar and wind energy capacity every year until 2028. The government plans to auction 30 GW of solar and 10 GW of wind capacity every year until the end of fiscal year 2019-20. [CleanTechnica]

¶ A new 2.4-GWh hydro pump storage plant in Scotland’s Loch Ness will increase the country’s ability to deliver renewable energy. Plans for the huge facility were revealed last week. Technical, practical, ecological and all other plans for Red John will go to the government this September. It is exptected that the review will take a year. [Wired.co.uk]

Urquhart Castle on Loch Ness (DeAgostini | Getty Images)

¶ Greenpeace France crashed a drone dressed as Superman into the Bugey nuclear energy plant to expose how vulnerable that facility is to a terrorist attack and highlight the broader dangers of nuclear power. The activists said the drone struck “a storage pool for spent nuclear fuel next to a reactor, one of the most radioactive areas at the site.” [Citizen Truth]

¶ Japan approved an energy plan that sets ambitious targets for nuclear energy use and sustains a struggling program for spent-fuel recycling despite setbacks after the 2011 Fukushima disaster. The Cabinet plan noted for the first time the need to draw down the plutonium stockpile, especially given international security concerns. [Electric Light & Power]

Monju nuclear power plant

US:

¶ The Michigan Conservative Energy Forum commissioned a study of the economic impacts of increased renewable energy on the state’s economy. They were shocked to find that if renewable energy is increased 30% by 2027, it will create more than 68,000 new jobs and have a gross economic impact on the state of over $10 billion. [CleanTechnica]

¶ Innergex Renewable Energy Inc will build the 250-MW Phoebe solar farm in Winkler County, Texas, which is on the border of New Mexico. The company bought the project from Longroad Energy Partners. Innergex said the solar farm will cost nearly $400 million and is expected to be completed by the third quarter of 2019. [mySanAntonio.com]

Solar farm (John Davenport | San Antonio Express-News)

¶ One year ago, President Trump announced the US would exit the Paris Climate Agreement. Now, the 17 Democratic and Republican governors belonging to the US Climate Alliance have announced a slate of new initiatives to fulfill their share of the US commitment to the agreement, cutting carbon pollution by more than 26% by 2025. [CleanTechnica]

¶ The Ohio Power Siting Board has given conditional approval for the 21-MW Icebreaker offshore wind farm on Lake Erie, according to local news reports. The wind farm will not be allowed to operate at night from 1 March until 1 January unless the developers have an adequate monitoring plan for birds and bats in place, the reports said. [reNews]

Icebreaker test site

¶ California took another step to mandate that utilities move towards sourcing 100% of their electricity from sources that do not emit CO2. On a 10-5 vote, the Assembly Utilities and Energy Committee approved SB100. The bill now goes to the full Assembly, and if approved will go to Governor Jerry Brown, who is expected to sign it. [pv magazine USA]

¶ America’s oldest nuclear power plant will shut down on September 17, but the Oyster Creek plant near the New Jersey shore will stay right where it is for the next 60 years. All told, it will cost $1.4 billion to shut down the plant; Exelon currently has $982.1 million of that set aside in a decommissioning account, NRC officials said. [Power Engineering Magazine]

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