Building 22 new transmission lines and operating them for the next 50 years could lead to total emissions reductions of about 6.4 billion tons of carbon dioxide, which is roughly equal to the total yearly amount of greenhouse gas emissions for the entire U.S. In other words, building just key transmission projects would enable a massive cut in greenhouse gas emissions. To paraphrase President Biden, that’s a very big deal.
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This report highlights key findings from a meta-analysis of 11 studies released since 2020 and led by researchers at prominent universities, think tanks, nonprofits, and energy consultancies. All 11 studies model clean energy policy packages and converge on the immense benefits and feasibility of achieving approximately 80 percent clean electricity by 2030 in the United States.
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The 2021 Indiana Renewable Energy Resources Study has been prepared by the State Utility Forecasting Group, Purdue University. This report represents the nineteenth annual study of renewable resources in Indiana performed by the State Utility Forecasting Group. It is an annual study on the use, availability, and economics of using renewable energy resources in Indiana.
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Data for the first eight months of this year show that wind generation has risen more than 25 percent since 2019 while utility-scale solar generation has jumped 55 percent. Combined, wind and utility-scale solar generation has gone up by 76 million megawatt-hours (MWh)—a 31 percent increase—while coal and gas generation has fallen by 1.6 percent since 2019, reflecting the ongoing transition of electricity markets to renewable energy and away from fossil fuels.
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Wind and solar are the fastest growing renewable sources, but contribute just 4.6% of total energy used in the U.S. U.S. Renewable Energy Factsheet prepared by Center for Sustainable Systems, University of Michigan presents the key trends in the United States renewable energy market. It highlights the growth in capacity energy generation, price trends and policy developments for various renewable energy segments – solar, wind, biomass, geothermal and hydro.
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Federal climate infrastructure investments like those proposed in the 2021 reconciliation bill are essential for achieving our targets for emissions reductions. States that were previously not taking steps to decarbonize will now take action because the federal investments will have made it cost-effective to do so. The proposed federal funding, in addition to the actions of local governments, businesses, and civil institutions, can set the US on a path for meeting the NDC.
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American Securities LLC, a private equity firm, has entered into an agreement to acquire Swinerton Renewable Energy, the renewable energy division of Swinerton Builders, and the wholly-owned subsidiary SOLV, Inc. from Swinerton Incorporated. The acquisition will combine Swinerton’s existing Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) service groups under one company named, SOLV Energy.
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The white paper “How Wholesale Power Markets Work” has been prepared by Bentham Paulos for the 100% Clean Energy Collaborative which has been created by Clean Energy States Alliance. This is the first of a series of explainers on the impact of 100% clean power on wholesale markets and explores how power markets work today.
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Capital Dynamics has announced that members of its US Clean Energy Infrastructure team would join forces with Arevon Asset Management, its energy asset management subsidiary, to establish Arevon Energy, Inc.
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EQT AB, a Swedish private-equity company’s EQT Infrastructure V fund has agreed to purchase Cypress Creek Renewables from funds controlled by HPS Investment Partners, LLC and Temasek. The acquisition is scheduled to conclude in the second half of 2021, subject to normal conditions and approvals. EQT Infrastructure is committed to building on Cypress Creek’s success by investing in operational, organisational, digital, and environmental initiatives that will allow the company to continue developing and distinguishing itself.
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This report by Goldman School of Public Policy uses the latest renewable energy and battery cost data to demonstrate the technical and economic feasibility of achieving 80 percent clean (carbon-free) electricity in the United States by 2030. Two central cases are simulated using state-of-the-art capacity-expansion and production-cost models: the No New Policy case assumes continuation of current state and federal policies; and the 80% Clean case requires that a national 80 percent clean electricity share is reached by 2030, along with aggressive transportation electrification.
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The Solar Energy Industries Association (SEIA) in the United States has developed a tool to increase supply chain transparency. The tool is likely to help ensure that all solar components are made ethically throughout the solar value chain. As manufacturers begin using the traceability protocol, it will be regularly reviewed and updated to improve its usability and effectiveness, the association stressed.
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Clean Energy Technologies has signed a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop a biomass renewable energy processing facility. The project will utilise a high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). The project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. It will be located in the state of Massachusetts in the United States.
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Amazon announced nine new utility-scale wind and solar energy projects in the United States Canada, Spain, Sweden, and the UK. The current announcement now means that the company has 206 renewable energy projects in the world with a cumulative capacity of about 2.5 GW.
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Talen Energy Corporation has entered a joint venture with Pattern Energy Group LP for expansion of its renewable energy portfolio. The new venture, PT Energy Transitions, will pursue the development, financing, construction and operation of approximately 1.4 GW of utility-scale renewable energy projects over the next five years.
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According to publicly available BNEF data, at the end of 2019, the cumulative PPA capacity contracted from renewable energy sources (excluding green tariffs) was approximately 27.2 GW, with higher penetration of wind energy in comparison to solar. The 11.2 GW of additional PPAs signed in 2019 alone represents more than 40 percent of the total corporate-contracted capacity since 2009.
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Despite the immense obstacles, U.S. local governments bought more renewable energy in 2020 than ever before, according to new data from the Local Government Renewables Action Tracker. Nearly 100 cities and counties across 33 states completed 143 deals, adding 3,683 megawatts (MW) of renewable energy capacity.
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Rice Acquisition Corp,a special purpose acquisition company (SPAC), has announced an agreement with Aria Energy and Archaea Energy to create a renewable natural gas (RNG) platform in the United States. The transaction is expected to close by the end of 2021 and the combined company will be listed on the NYSE under the ticker symbol “LFG”. It aims to capture and convert waste emissions from landfills and anaerobic digesters into low-carbon RNG, electricity, and green hydrogen.
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Madison Gas and Electric and two of the WEC Energy Group’s subsidiaries plan to buy a solar project located in Walworth County. The Wisconsin utilities plan to spend $446 million on a 250 MW capacity solar project with battery storage.
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Appalachian Power has issued a request for bids to develop 300 MW of solar or wind generating capacity. The projects to be developed must be least 50 MW in size and commercially operational by mid-December 2023. However, proposals with an operational date up to December 15, 2024 will be considered. The proposals may include projects with an option for a battery storage system.
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