Energy Update
Last month saw buying opportunities in some clean energy stocks as the bubble created from the euphoria over Biden’s election vanished as if it never happened.
Clean energy stocks have simply returned to the general upward trendline from the second and third quarter of 2020. Rather than bursting in a market panic, this seems to have been more of a general deflation.
The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) has announced two winners of the Groundbreaking Hydro Prize, which challenged innovators to come up with new solutions to support hydropower project development by starting at square one — the foundation.
On March 4, MISO filed a request to extend the deadline to implement a market participation model for electric storage resources at FERC. This new request moves the implementation date from June 2022 to March 2025. FERC should reject this request because the benefits of keeping wholesale rates just and reasonable with storage participation outweigh the costs of MISO parallel processing current and future market platforms.
By Brynn Furey
Research firm Wood Mackenzie says it anticipates the global wind power industry will install 1 TW of new capacity between 2021 and 2030.
The world set a new record in wind installations in 2020 and saw a number of national and regional targets set for 2030, underscoring the important role of wind technology in the energy transition, according to Wood Mackenzie.
BMR Energy, a Virgin Group company and developer, owner, and operator of clean energy projects in the Caribbean and Latin America, announced today that it is starting construction of the 6.4-megawatt (MWp) Donoe Solar farm on St. Thomas.
The facility is expected to be completed and enter service in the fourth quarter of this year and will sell the power it generates to the Virgin Island Power and Water Authority (VIWAPA) under a newly negotiated 25-year Power Purchase Agreement.
Akuo, an independent renewable energy power producer and developer, announces that it has completed the acquisition of five small hydroelectric plants in Bulgaria with total installed capacity of 15.5 MW.
Akuo purchased the plants, on the Iskar River near Svoghe, from PVB Power Bulgaria. These assets, whose names were not disclosed, have been operational since 2010 to 2013.
This week Ameresco announced a new partnership with Holy Cross Energy (HCE) for a solar and battery energy storage project, which will use land leased from Colorado Mountain College at its Spring Valley Campus.
Blue Ridge Energy, a member-owned electric cooperative serving northwest North Carolina, said it picked Oriden LLC to develop an 11-MW solar project as part of its Brighter Future initiative. This project will provide a local generation source and allow Blue Ridge Energy to work towards its goals of achieving a 50 percent reduction in carbon emissions from 2005 levels by 2030 and net zero carbon emissions by 2050.
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