Energy Update
Last year marked the first time since 2013 that solar energy growth outpaced wind energy, according to a new report from the International Renewable Energy Agency (IRENA). Solar saw a record 71 GW of new capacity in 2016, while wind increased by 51 GW.
Pull over California. The driving capital of the world is … Texas?
(Fri, 31 Mar 2017) U.S. primary energy production totaled 84.1 quadrillion British thermal units (Btu) in 2016, falling 4% from the 2015 level, the first annual decline in U.S. energy production since 2009. The decline in production coincided with an increase in both total energy imports and exports.
Lamor Corporation and the Russian oil giant Rosneft signed a cooperation agreement at the IV International Arctic Forum, in Arkhangelsk, Russia.
Rosneft discovered a new field in the Republic of Bashkortostan. The geological reserves of the Anastasyinskoye field of C1+C2 category in the amount of 0.6 mmt were recommended by The State Commission on Reserves for state registration.
The President announced on Tuesday, March 28th at the Environmental Protection Agency his new Executive Order based on protecting 75,000 US coal jobs by threatening over 3 million US clean energy jobs.
Some context:
According to MorningConsult
In a portion of her statement delivered yesterday to the European Union, United Kingdom Prime Minister Theresa May said, “I hereby notify the European Council in accordance with Article 50 of the Treaty on European Union of the United Kingdom's intention to withdraw from the European Union.”
Xcel Energy said it will invest in 11 new wind farms in seven states, bringing about 3,380 MW of new wind generation to its system by 2021. The investment will bring the total amount of wind power in Xcel’s energy mix to 35 percent, the utility said.
The European Commission on March 28 determined that its support of the 600-MW Kriegers Flak offshore wind farm in Danish territorial waters is in line with EU state aid rules. The commission said the project will help Denmark reduce CO2 emissions, in line with EU energy and climate goals, without unduly distorting competition.
As President Donald Trump scales down federal efforts to combat climate change, states are ramping up. California’s Air Resources Board broke with Trump and voted to uphold auto fuel efficiency rules, while Illinois offered a bail out to carbon-free nuclear producers. Iowa and Michigan have moved to increase incentives for renewable energy, and Maryland’s Republican Governor Larry Hogan is poised to sign a statewide ban on fracking.
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