Energy Update
Three wind farms in Texas with a combined installed capacity of 508 MW will undergo repowering this year to improve operational efficiencies and extend the projects’ lifespan.
Whereas research reports by the world’s most eminent climatologists seem almost daily to bring foreboding climate news, renewable energy proponents who met at UC Berkeley in mid-April were decidedly upbeat about clean energy prospects.
In what could be the beginning of the new way forward to utilities, on Tuesday, Hawaiian Gov. David Ige signed the Ratepayer Protection Act, a new law that directs utilities in Hawaii to change their business models and fully decouple revenue and capital expenditures.
(Thu, 26 Apr 2018) Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY 2016 levels, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened.
Saudi Aramco and petrochemical producer Saudi Basic Industries (SABIC) have awarded a contract to KBR to provide project management and front-end engineering and design (FEED) for the $20bn fully-integrated crude oil-to-chemicals (COTC) complex in Saudi Arabia.
A new joint venture will create a fund management platform that will focus on green energy infrastructure in India. The new platform, called EverSource Capital, is a new initiative of investment firm Everstone Group and renewable energy developer Lightsource BP.
Atlantis Resources Limited has submitted a strategic plan to the French government that includes a goal to deliver 1 GW of tidal power by 2025 at Le Raz Blanchard in France.
Gov. Andrew M. Cuomo announced an acceleration of energy efficiency in New York, including a plan to achieve a new target for greenhouse gas emission reductions, decrease consumer energy costs and create job opportunities.
Puerto Rico lost electricity again on April 18, seven months after Hurricane Maria first knocked out the island’s power grid. For people in some remote rural areas, the blackout was more of the same. Their power had yet to be restored.
(Wed, 25 Apr 2018) EIA has updated its report on federal financial interventions and subsidies in energy markets, covering the 2016 U.S. government fiscal year (FY). Subsidies for many energy categories have declined since FY 2013, when spending related to the American Recovery and Reinvestment Act of 2009 was at or near its highest levels.
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