Energy Update
PJM Interconnection announced the procurement of resources in its capacity auction to meet electricity needs and ensure reliable service for the 2023/2024 delivery year.
The auction results reflect what PJM said was a lower-carbon resource mix achieved at a lower cost to consumers than for the 2022/2023 delivery year.
Contributed by Faiz Abdulla, Allianz Global Corporate & Speciality
As economies ramp up their commitments to decarbonize and transition to net-zero, many are turning to renewable energies like floating offshore wind farms to support global action. In addition, the recent geopolitical tensions compelled several European countries to hasten their transition away from fossil fuels. As a result, the potential of floating offshore wind is in the spotlight.
Utilities have been criticized for delaying or preventing the uptake of distributed energy resources, like rooftop solar, that could upend the century-old electricity distribution model.
Dominion Energy, however, is bringing residential rooftop solar services in-house for customers in Virginia.
By Elizabeth Ouzts, Energy News Network
The 4-3, bipartisan ruling could impact thousands of developments statewide. “It opens the door to a good chunk of people” who may have previously been denied approval for solar projects, one installer said.
Theodore J. Kury, University of Florida
Curtailment has a special meaning in electric power systems. It describes any action that reduces the amount of electricity generated to maintain the balance between supply and demand – which is critical for avoiding blackouts.
The solar industry's meteoric rise over the past decade can be linked, in part, to falling equipment prices and cheap, available land, often in rural places.
Solar development often has benefited rural places with clean energy, jobs, and tax revenue.
Leading solar developers have committed to spending $6 billion on American-made modules to support the expansion of the domestic solar supply chain.
AES Corporation, Clearway Energy, Cypress Creek Renewables, and D.E. Shaw Renewable Investments have formed the U.S. Solar Buyer Consortium.
In Episode 5 of the Factor This! podcast, rooftop solar's biggest fight yet — California's NEM 3.0 — is back on. The California Public Utilities Commission has reopened the docket for the net energy metering overhaul process, which rooftop solar advocates warn could have a devastating impact on the industry nationwide.
The Bureau of Ocean Energy Management has released a draft environmental assessment for a proposed offshore wind farm near New Jersey.
A 2.8 MW wind turbine will soon supply clean power to electric vehicle maker Rivian's manufacturing plant in Illinois.
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