Energy Update
New York Gov. Kathy Hochul announced a $500 million offshore wind investment to include manufacturing and supply chain infrastructure. The state plans to develop 4,300 MW of offshore wind energy, representing nearly half of New York’s 9,000 MW goal for 2035.
Coupled with the $500 million, the state will launch its next offshore wind procurement in 2022, which is expected to result in at least 2 GW of new projects.
Pattern Energy completed construction of four separate wind farms collectively known as the Western Spirit Wind Project. The 1,050 MW project was built in three Central New Mexico counties and combined becomes the largest in the state.
(Fri, 07 Jan 2022) Annual state-level estimates of natural gas consumption, prices, and expenditures.
Bureau Veritas said it welcomed the UK government’s plans to invest in the tidal energy industry, suggesting that tidal stream electricity has the potential to become one of the most viable and reliable sources of renewable energy in the world.
Kansas City-based Evergy said that its Hawthorn power plant would be home to 10 MW of new solar energy capacity, pending regulatory approval.
Evergy said it plans to build the solar array on 67 acres near the Hawthorn plant in northeast Kansas City, Mo. The site is expected to include more than 22,000 solar panels and be operational in fall 2022.
By William J Shaughnessy, Esq., and Neal J Sweeney, Esq.
With the expected boom in U.S. offshore wind construction, all project participants should consider and adopt risk management approaches that enhance planning and coordination among the participants before and during construction.
These approaches help avoid or at least mitigate friction and problems among the participants that drive up costs and cause delays and lead to claims and disputes.
PosiGen, which targets renewable energy and efficiency for low-to-moderate income (LMI) households, closed a $100 million preferred equity financing deal with Magnetar Capital’s Energy & Infrastructure group as the lead investor.
Appalachian Power said it wants to acquire or contract for 294 MW of solar and 204 MW of wind power over the next three years as part of its plan to meet targets set in 2020 by the Virginia Clean Economy Act (VCEA).
The law requires the utility to file an annual plan with the Virginia State Corporation Commission (SCC) outlining how it will meet key mandates to achieve 100% carbon-free status by 2050.
(Source: GAF Energy).
GAF Energy announced the release of a solar roof system incorporating nailable shingles.
The new product is called Timberline Solar. GAF said shingles are installed like a traditional roof “with only a nail gun required.”
The company says Timberline combines solar technology with traditional roofing processes, allowing for faster installation.
Solar, wind, and other renewable energy sources (including biomass, geothermal, and hydropower) added more than 2,250 MW of new generating capacity each month during 2021.
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