Energy Update
Clean Path New York today announced a $270 million fund to provide an opportunity for all New Yorkers to thrive in the new green economy.
The fund will serve both communities near generation facilitates and those located along the 175-mile 1,300 megawatt HVDC transmission link that will deliver clean energy generated Upstate to load centers in New York City.
Generate, a sustainable infrastructure company, yesterday announced it has raised $2 billion in corporate equity from institutional investors to accelerate the deployment of sustainable infrastructure. Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon.
(Tue, 20 Jul 2021) Iran holds some of the worldâs largest oil and natural gas reserves. Crude oil production has fallen since 2017, and natural gas production growth remains limited because of international sanctions and underinvestment. Iranâs crude oil production reached a 30-year low in 2020 as a result of sanctions and the impacts of the global COVID-19 pandemic.
Clearing the current queue backlog is the focus of the Southwest Power Pool (SPP) generator interconnection staff. However, they are missing a key long-term solution to address the root cause of backlog, identifying network upgrade costs for developers.
Our new report finds that installing rooftop solar panels and community solar systems to serve the equivalent of 30 million American homes would create significant economic benefits — including 1.77 million jobs and $69 billion electricity bill savings over the next five years — while addressing the climate crisis and historic inequities.
El Salvador’s first wind farm, the 54-MW Ventus Wind Project, has been commissioned by Guatemalan power developer Tracia Network Corporation.
Located in Metapán, the wind farm comprises 15 Vestas V136-3.6 turbines and was designed to help reduce the nation’s dependence on imported fossil fuels, provide greater stability in the price of energy and diversify the national energy power grid.
U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy’s (DOE) goal to reduce the cost of grid-scale, long-duration energy storage (of which pumped storage hydro is the largest source) by 90% within the decade.
Yesterday, the Federal Energy Regulatory Commission (FERC) approved an Advanced Notice of Proposed Rulemaking (ANOPR) related to transmission reform. The ANOPR, titled Building for the Future Through Electric Regional Transmission Planning and Cost Allocation and Generator Interconnection, recognizes that the electricity system is changing with the addition of more and more renewable energy provided by intermittent sources of fuel like wind and solar.
Fuel cell technology firm Plug Power and Apex Clean Energy are partnering on a 345-MW wind power purchase agreement and development of a green hydrogen facility driven by the zero-carbon electricity.
CleanCapital announced today that it has partnered with EPC and O&M provider Borrego to construct a 6.7-MW distributed generation solar project in Maine. The project will benefit from Maine’s Net Energy Billing (NEB) kWh Program and will sell power to residential off-takers at a fixed discount to the prevailing utility rate for a 20-year term. CleanCapital will provide financing for the project, which is expected to reach commercial operation in 2022.
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