April 23 Energy News

April 23, 2020

Opinion:

¶ “How The Coronavirus Has Impacted The Oil Industry – And The Future Of The Climate Crisis” • On Monday, oil prices fell to as low as minus $40 and eventually settling at minus $37.63 per barrel. Scared investors and negative oil prices leave the future of the industry on shaky ground. They may poise renewable energy options for a greener future. [The Hill]

Changing prices (Olivier Douliery | AFP via Getty Images)

World:

¶ “Investing In Renewable Energy Could See A Return Of To Up To 800%” • Fossil fuels interests would like to tell us otherwise, but the International Renewable Energy Agency says investing in renewable energy and a green economy would create tens of millions of jobs worldwide and provide investment returns of up to 800% over time. [CleanTechnica]

¶ “Clear Skies Over Germany Lead To Record Amount Of Solar Energy” • The efficiency of solar panels depends on a lot of things. Dust and dirt can degrade performance. So can excess heat. Aiming panels at the proper angle is crucial. But there is another factor that few people have thought much about until now – air pollution. [CleanTechnica]

Sunny day in Germany (Image credit: DWD)

¶ “Seoul Is Subsidizing 700 Electric Taxis” • South Korea’s capital, Seoul, is subsidizing purchases of 700 electric taxis. The subsidy is worth 18.2 million won ($14,800) per EV, far more than the 12.7 million won ($10,300) subsidy to buy an EV for personal use. Seoul is making foreign manufacturers, not only Korean brands, eligible for funding. [CleanTechnica]

¶ “Pivot Power Developing 52-MW Hybrid Battery” • Pivot Power is developing a hybrid 50-MW lithium-ion battery and 2-MW vanadium redox flow battery project in Oxford which it says will be the world’s largest. Invinity Energy Systems is to supply the batteries for the system which will share a grid connection with an EV charging network. [reNEWS]

Hybrid battery (Pivot Power image)

¶ “KHNP Spearheads New And Renewable Energy Initiatives” • Korea Hydro & Nuclear Power Co, the largest power generation company in Korea, plans to expand its new and renewable energy production facility capacity to 7.6 GW by 2030. The increase will bring KHNP’s new and renewable production capacity to 8.4 GW in that year. [NewsworldKorea]

US:

¶ “Tesla: May The 4th Be With Gigafactory Nevada As It Reopens” • Tesla Gigafactory 1 in Nevada will be reopening on May the 4th. To do so, the company is taking an  approach very similar to what it did reopening the Gigafactory Shanghai. There will be several new rules introduced to returning employees to ensure safety. [CleanTechnica]

Tesla Model Y Unveiling

¶ “Digital Realty’s Texas Data Centers To Use Wind Power Under Citi Deal” • Data center operator Digital Realty will supply some of its Texas facilities with windpower under a renewable energy credit agreement with Citi. The electricity will be sourced from the 162-MW Bearkat 2 wind project, now under development in Glasscock County. [Renewables Now]

¶ “Verizon To Buy Power From 384 MW Of Solar, Wind Parks In US” • US telecoms giant Verizon Communications Inc has signed a number of virtual power purchase agreements that will help finance the construction of wind and solar parks with a combined capacity of 384 MW. Among them are two solar plants in Texas to be completed in 2023. [Renewables Now]

Santa Rita East wind farm in Texas (Invenergy image)

¶ “Origis Energy Constructing 61-MW Texas Solar Project” • Origis Energy arranged a virtual power purchase agreement with Royal DSM for renewable electricity from the Rockhound Solar C project, a planned 61-MW solar facility to be in Ector County, Texas. The solar farm’s Renewable Energy Credits will support DSM’s RE100 goals. [Solar Power World]

¶ “NextEra Energy Looks To Spend $1 Billion On Energy Storage In 2021” • Renewables developer NextEra reported its financial results for the first quarter, saying its renewables development unit has been unaffected by the COVID-19 pandemic. It has plans for massive investments in the near future, including spending $1 billion on battery projects. [Greentech Media]

Battery project at a wind farm (Credit: NextEra Energy)

¶ “Lightsource BP Inks Offtake Deal For US solar” • Lightsource BP has signed a long-term power contract for a pair of solar developments totaling 44 MW in Pennsylvania. The developer made on an agreement with the Southeastern Pennsylvania Transportation Authority for power from its Elk Hill 1 and 2 developments in Franklin County. [reNEWS]

¶ “Super-Polluting Methane Emissions Twice Federal Estimates in Permian Basin, Study Finds” • Methane emissions from the Permian basin, one of the largest oil-producing regions in the world, are more than two times higher than federal estimates, according to a study recently published in the journal Science Advances. [InsideClimate News]

Pumpjack in the Permian Basin (Spencer Platt | Getty Images)

¶ “Geronimo Energy And Cargill Announce Virtual Power Purchase Agreement For 200-MW MISO Illinois Solar Project” • Geronimo Energy, a National Grid company, and Cargill have announced execution of a Virtual Power Purchase Agreement  for the Prairie Wolf Solar Project in Illinois. The 200-MW project is to begin operations in 2021. [PRNewswire]

¶ “Navajo Power CEO Sees 10-GW Renewable Potential Across The Navajo Nation” • Navajo Power is preparing a bid to build 200 MW of solar power. Discussing the Navajo Nation’s potential for solar power in a pv magazine interview, Navajo Power CEO Brett Isaac said, “We believe you can go to 10 GW of renewable resources.” [pv magazine USA]

Have a entertainingly beneficial day.

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