Energy Update
The developer of an offshore wind farm in Massachusetts has asked regulators to rework a power purchase agreement signed in April, saying that the project is "no longer viable" under the current terms.
Undersea transmission cable laying work is underway for the first phase of Vineyard Wind, an array of 62 wind turbines in Long Island Sound some 13 miles south of Martha’s Vineyard. The project will use General Electric Haliade-X turbines, each rated at 13 MW.
Contributed by Eric Fischgrund, founder of FischTank PR
By Samantha Donalds, Clean Energy States Alliance
North American solar module manufacturer Heliene celebrated the expansion of its facility in Mountain Iron, Minnesota, which now boasts more than 500 MW of total annual capacity.
HALLOWELL, Maine (AP) — The Maine Public Utilities Commission on Oct. 26 approved a pair of energy projects that would generate enough wind power for up to 900,000 homes along with construction of a new transmission corridor to get the electricity to the regional power grid.
The PUC was required by law to choose the projects to boost transmission capacity and renewable energy in Aroostook County.
By Seth Mullendore, Clean Energy Group
For the first time, global demand for each of the fossil fuels shows a peak across all World Energy Outlook scenarios, with Russian exports, in particular, falling significantly as the world energy order is reshaped.
This is one of the key findings in the International Energy Agency’s (IEA) World Energy Outlook 2022 report (WEO), released amidst what has been hailed as the first truly global energy crisis.
Fossil fuel peak
Automaker General Motors pushed back by six months its goal of delivering 400,000 electric vehicles in North America by the end of 2023. GM CEO Mary Barra said during a quarterly earnings call that battery production cannot be ramped up as quickly as planned.
Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.
The company’s onshore wind turbine revenues came in at $2.445 billion for the quarter, which ended September 30. That was down from $3.047 billion for the same quarter a year earlier.
For the first nine months of the year, onshore wind turbine revenue was $6.403 billion. That was down from $8.048 billion a year earlier.
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