Energy Update
According to recent analysis by BloombergNEF, in last year’s record-setting year, the wind market commissioned nearly 100 gigawatts (GW) of new build in 2020. Undeterred by COVID-19, installations grew 59% year-on-year.
Developers commissioned 96.3 GW of wind turbines globally in 2020, compared with 60.7 GW the previous year, said BNEF. Most of these were on land (94%), as the addition of new turbines at sea fell to 6.1 gigawatts – a 19% drop compared to 2019.
(Thu, 11 Mar 2021) In February 2021, the Independent System Operator for New England (ISO-NE) conducted its 15th annual Forward Capacity Market (FCM 15) auction. ISO-NE holds these annual auctions to ensure that the New England power system will have sufficient electricity resources to meet future electricity demand. In this auction, ISO-NE secured electric capacity to cover the period of June 1, 2024, through May 31, 2025.
By Leonardo Botti, FIMER
Without doubt, the solar PV industry is one of the most exciting sectors to be working in at the moment. With the International Energy Agency (IEA) reporting a huge 18-fold increase in the amount of installed solar PV capacity between 2010 and 2020, and IEA executive director Fatih Birol, stating that “I see solar becoming the new king of the world’s electricity markets”, the growth of solar looks set to continue.
By Allen Austin, ABB
Renewable energy has arrived, and it makes up the majority of new generating capacity being added in the United States. The US Energy Information Administration projects renewables’ share of the national generation mix will rise from 21 percent in 2020 to 42 percent in 2050, even as the federal tax credits for both wind and solar close out over the next few years.
Energy storage installation grew nearly 200 percent and totaled an all-time operational record in fourth quarter 2020, according to a new report.
The 4-MW Kruisvallei hydropower plant reached commercial operations in late February 2021, according to project developer Red Rocket.
by Richard Schmalensee, Professor, MIT Sloan School of Management and Davide Schoenbrod, Professor, New York Law School
Originally published on ILSR.org
[updated March 2021]
The Department of the Interior today announced that the Bureau of Ocean Energy Management (BOEM) has completed the environmental analysis of the proposed Vineyard Wind I offshore wind project. This is the final analysis that BOEM needs to either approve the project or request additional modifications.
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