Energy Update
More money was invested in renewable energy in the first six months of 2021 than the first half of any other year, according to tracking by BloombergNEF.
Contributed by Scott Baxter
It’s no secret that the renewable energy equipment industry is a sector that is forecasted to grow, with new innovative energy technologies entering the market every day.
NY Green Bank – a division of the New York State Energy Research and Development Authority (NYSERDA) – announced this week a $314 million transaction in its first private capital raise to support clean energy project financing.
The transaction with Bank of America is the largest ever conducted by a green bank in the United States, according to a press release from NYSERDA, and allows the bank to meet financing demand without requiring additional public funds.
The Biden administration and leaders in the U.S. Congress unveiled details of the 2,700-page, bipartisan infrastructure package on Sunday that includes $550 billion in new spending. The deal is expected to move quickly – and is likely to change in many ways – before receiving final approval later this week.
August is often seen as the end of something, whether it’s winter in the southern hemisphere or summer in the north. It’s the return to school for some and the last call for a vacation to others.
August, author Sue Monk Kidd wrote, is the “griddle where days just lay there and sizzle.” Hot, hot, hot.
The Indiana subsidiary of AES Corp. will acquire and oversee the building of a 250-MW solar and 180-MWh energy storage facility in that state.
AES Indiana is acquiring the Petersburg Solar Project in Pike County, Ind., from NextEra Energy Resources LLC, a division of Florida-based NextEra Energy. NextEra will continue to develop and construct the project. It will be connected to AES Indiana’s existing 2.1-GW coal-fired Petersburg Generating Station.
By Shelley Robbins, Clean Energy Group
Originally published at ILSR.org
Electricity customers are lining up to generate their own clean, affordable solar energy, but to get it to them, solar developers must navigate the impediments of a congested and outdated electricity grid.
NextEra Energy – owner of Florida Power & Light, Gulf Power, and NextEra Energy Resources – added 1.8 gigawatts of renewables and storage to its backlog in the second quarter of 2021, the company reported last week.
The Biden administration – through the Bureau of Ocean Energy Management (BOEM) – is advancing the process to bring offshore wind energy development to California and North Carolina.
BOEM published a request for information from the public for commercial offshore wind in two new areas off central California – identified as the Morro Bay Call Area East and West Extensions. The extensions are adjacent to the Morro Bay Call Area with a combined total area of 399 square miles.
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