Energy Update
(Mon, 22 Feb 2021) This week's net withdrawals from underground natural gas storage facilities were the largest net withdrawals reported in two years, exceeding the five-year average net withdrawals for the week by 95 billion cubic feet (Bcf). Net natural gas withdrawals from storage facilities totaled 237 Bcf for the week ending February 12, 2021. This weekâs storage activity matched the 12th-highest value on record since 2010.
Iberdrola is planning what it says will be the first industrial scale floating offshore wind farm in Spain. The 300-MW project will cost more than €1 billion said the company. It will be located off the Spanish coast.
The renewable facility could become a driver of the country’s industrialization and job creation, said Iberdrola, estimating that it would provide more than 2800 jobs per year in research, design and engineering before the wind farm becomes operational in 2026.
by Jill Feblowitz
These days, companies and governments alike are making commitments to net zero emissions. While commitments are good, making progress requires investment. That means putting money on deploying existing technology in the near term, while continuing to fund innovation to deliver cost-effective approaches in the future. The current picture looks promising, but there is always a chance the momentum will lag.
An electric and gas utility in Pennsylvania and Maryland has signed a deal to bring renewable natural gas from a landfill into its distribution system.
UGI Utilities Inc.’s agreement with Archaea Energy is the company’s first RNG supply interconnect agreement. The utility will accept RNG from the Keystone Landfill located in Dunmore, PA.
This week, New York Governor Andrew M. Cuomo announced plans to help local governments and state agencies build 40 distributed solar systems that will bring renewable energy to surrounding communities.
A new study by independent researchers from Imperial College London has found that just 4.5 GW of new long duration pumped hydro storage, with 90 GWh of storage, could save up to £690 million per year in energy system costs by 2050, as the UK transitions to a net-zero carbon emission system.
Faced with COVID-19 pandemic and sharp economic contraction, the U.S. clean energy sectors showed strong resilience in 2020, continuing a decade-long growth trend, BloombergNEF (BNEF) and the Business Council for Sustainable Energy (BCSE) find in their annual joint report. The ninth edition of theSustainable Energy in America Factbook tells the story of American energy efficiency, natural gas and renewable energy in a volatile year.
Renewable energy firm Statkraft and Aquila Capital, the German real asset investment manager, have signed their first PPA in Spain for the Albeniz solar plant located in Andalusia on behalf of Aquila’s client.
This is a 5-year power purchase agreement starting in 2022 with an innovative price structure in which Aquila Capital will provide Statkraft with 100% green electricity at competitive price levels.
The city is exploring several strategies to cut emissions, but will depend on its investor-owned utility to achieve much of its ambitious new clean energy goal.
As Des Moines leaders begin drafting plans for achieving the city’s ambitious new clean energy goals, one challenge looms above all: getting buy-in from the city’s investor-owned utility.
The Texas governor is calling for the resignation of Ercot leaders in the wake of the frigid temps and subsequent blackouts that ensued. Dangerous cold temps and no electricity are not a combination that anyone should have to endure.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.