Energy Update
The competitive retail wing of American Electric Power has signed a clean energy supply deal with apparel firm Abercrombie & Fitch Co.
AEP Energy will supply the retailer’s corporate headquarters and two distribution centers in New Albany, Ohio with clean energy through an Integrated Renewable Energy (IRE) solution – a long-term, fixed price retail energy option that supports new, locally-sourced wind and solar – for 13 years beginning in 2023.
Moon Dog Brewing, an independent Australian craft brewery based out of Melbourne, is exploring ways to reduce its carbon footprint and drive environmental sustainability.
Xcel Energy – Colorado today announced details of its upcoming Clean Energy Plan that will result in an estimated 85% reduction in carbon dioxide emissions from 2005 levels by 2030. The plan will double renewable energy and battery storage on the Xcel Energy Colorado system, providing customers with electricity derived from approximately 80% renewable sources while maintaining affordable and reliable energy service, said Xcel in a press release.
Within a decade, if not a few years, the levelized cost of electricity is coming way down for new utility-scale onshore wind and solar photovoltaic (PV) projects to levels below all fossil or conventional fuels including combined cycle gas turbine (CCGT) power plants, according to new figures from the U.S. Energy Information Administration.
For the second year in a row, Xcel Energy has hit a significant milestone in its quest to deliver 100% carbon-free electricity to customers by 2050. Xcel reported that it broke its own record for a single-year drop in emissions in 2020, cutting carbon emissions company-wide by approximately six million tons, a 12% reduction over 2019 levels.
Colombian power generator Isagén has completed the acquisition of two small hydroelectric plants with a total capacity of 39.8 MW from Generadora Luzma.
In a statement, the Medellín-based firm did not provide details of the transaction but said the Luzma I and Luzma II facilities in northwestern Antioquia department formed part of its clean energy strategy.
Colombian power generator Isagén has completed the acquisition of two small hydroelectric plants with a total capacity of 39.8 MW from Generadora Luzma.
In a statement, the Medellín-based firm did not provide details of the transaction but said the Luzma I and Luzma II facilities in northwestern Antioquia department formed part of its clean energy strategy.
National Grid Renewables, which includes the renewables development company formerly known as Geronimo Energy, announced today the start of construction on the 200-MW Prairie Wolf Solar Project in Coles County, Illinois. The project is poised to generate tax revenue, landowner income and charitable initiatives, all while adding more clean energy to the electric grid.
Renewable energy developer RP Global announced that it is investing in the development of PV and wind power projects across Poland. Wojciech Glocko, former EPA Wind and utility manager, has been hired to head up project development together with a team of senior local experts from Poland’s leading public and private renewable energy organizations.
At least $14 trillion needs to be invested in the grid worldwide by 2050 to support an evolved power system, according to BloombergNEF’s new Power Grid Long-Term Outlook 2021 published this week.
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