Energy Update
Mayors from cities across the U.S. are stepping up and committing to broad and inspirational action to reduce greenhouse gas emissions and decarbonize local energy systems. This leadership is especially critical given lack of federal climate action, but translating a mayoral commitment to reality can be a challenge.
(Tue, 05 Mar 2019) U.S. Gulf Coast gasoline crack spreads had been declining since mid-2018 and briefly went negative in January and early February 2019 before rising, while distillate crack spreads remained relatively stable. The gasoline crack spread is the difference between the spot prices of gasoline and crude oil. EIA attributes relatively low gasoline crack spreads to more costly crude oil inputs and high gasoline inventories.
Nonprofit advocacy groups linked to DTE Energy are waging a public campaign to significantly reduce the amount customers are paid for their solar power, in line with the utility’s request before Michigan regulators.
In late February, Hawaiian Electric Companies announced that they have achieved a consolidated 27 percent renewable portfolio standard in 2018, even with the loss of Hawaii Island’s geothermal resource for most of the year following the Kilauea volcanic eruption. Hawaii has a goal of reaching 100 percent renewable energy by 2045.
Investment manager Nephila Holdings Ltd. and insurance giant Allianz SE have banded together to offer an insurance policy of sorts to wind farm developers known as a “proxy revenue swap.” It’s a technical way of saying they’re guaranteeing that revenue from a farm will fall within a certain range.
In early February, during DistribuTECH, the Smart Electric Power Alliance (SEPA) hosted a workshop to discuss what requirements are necessary for successful distributed energy resource management systems (DERMS) deployment.
A solar-hybrid mini-grid project is underway in Tanzania.
The list of the world’s top solar EPC contractors was released in late February by Wiki-Solar.org. The list ranks the solar developers by number of projects and total installed capacity and reflects about the 30 percent of the market. Wiki-Solar.org says the list shows how the less volatile markets have favored domestic power plant builders. In particular, contractors from India and the US are rising up the ranking.
Reaching the remote Havasupai community of Supai, Arizona is not a journey for the faint of heart. Surrounded entirely by the Grand Canyon, this remote Native American reservation is either an eight-mile hike or mule trek from the closest road, or a helicopter ride to the bottom.
India has drawn global attention since it started awarding wind power projects at record-low tariffs, spurring optimism that renewable energy could supplant the nation’s abundant coal resources in electricity generation.
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