Energy Update
The U.S. offshore wind industry has the first set of standards for project development— a step advocates say will accelerate the growth of the burgeoning renewable energy sector.
BENGALURU, India (AP) — India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said Thursday.
By Alex Baumhardt / Oregon Capital Chronicle, Energy News Network
An Oregon proposal to cut greenhouse gas emissions by producing green hydrogen gas and blending it into natural gas for consumers in Eugene could come with record costs.
If approved, about 2,500 customers of NW Natural, the state’s largest natural gas utility, would begin receiving natural gas with 5% hydrogen gas by early 2024.
HQI US Holding LLC, a wholly-owned subsidiary of Hydro-Québec, agreed to acquire Great River Hydro LLC, owner of 13 hydroelectric power stations in the U.S. states of Vermont, New Hampshire and Massachusetts.
Great River Hydro was offered for sale by companies affiliated with ArcLight Capital Partners, LLC. The acquisition cost is around $2 billion.
The focus is shifting from wind to solar at Midcontinent Independent System Operator (MISO). This shift means MISO must guide solar asset owners, who could be the majority of new market participants in the next 3-5 years. MISO is moving from an annual capacity auction to seasonal auctions starting next April. All these changes are too much for solar developers. Hence they need a crash course in MISO capacity and energy market concepts.
Quinbrook Infrastructure Partners and its portfolio company Primergy Solar sold a minority equity stake in the $1.2 billion Gemini Solar + Storage project near Las Vegas to APG, a large pension asset managers based in the Netherlands.
APG agreed to acquire a 49% equity ownership on behalf of its pension fund client ABP. Financial terms were not disclosed.
A virtual power plant operated by Sunrun contributed more than 1.8 GWh to the New England grid this summer.
By Samantha Donalds, Clean Energy States Alliance
By ANDREW HERRIG Associated Press
According to a new report, worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of COVID-19 and the growing energy crisis.
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