Prices for lithium-ion batteries and offshore wind are dropping sharply, Bloomberg says

Prices for lithium-ion batteries and offshore wind are dropping sharply, Bloomberg says

Energize Weekly, April 3, 2019 The cost of two of the most expensive clean electricity technologies—lithium-ion batteries and offshore wind turbines—are dropping in price more quickly than had been forecast, according to a Bloomberg New Energy Finance (BNEF) analysis. Since the first half of 2018, the levelized cost of lithium-ion…

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Majority of nation’s coal plants are undercut on costs by wind and solar, study says

Majority of nation’s coal plants are undercut on costs by wind and solar, study says

Energize Weekly, April 3, 2019 Nearly three-quarters of the nation’s coal-fired electric generation could be matched or undercut on cost by local wind and solar installations, according to analysis by Energy Innovation and Vibrant Clean Energy. The report projects that the portion of the coal-fired fleet economically challenged by renewable…

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Renewables accelerator to help cities procure 2.8 gigawatts for clean energy in two years

Renewables accelerator to help cities procure 2.8 gigawatts for clean energy in two years

Energize Weekly, March 6, 2019 A program to help cities obtain 2.8 gigawatts of renewable generation—more than the total existing solar capacity in Nevada, Florida and Texas—was launched Feb. 26. The program—a joint effort by the Rocky Mountain Institute (RMI), the World Resources Institute (WRI) and the Urban Sustainability Directors…

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Four turbine makers dominate 2018 wind market, which saw 45 gigawatts in new generation

Four turbine makers dominate 2018 wind market, which saw 45 gigawatts in new generation

Energize Weekly, February 27, 2019 Onshore wind projects commissioned in 2018 ticked down to 45 gigawatts (GW) from 47 GW a year earlier—with four manufacturers dominating the market, according to a Bloomberg New Energy Finance report. The four—Denmark’s Vestas, China’s Goldwind, American GE Renewable Energy and Spain’s Siemens Gamesa—accounted for…

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TVA sees growth in solar and natural gas generation, but no new wind, coal or hydro assets

TVA sees growth in solar and natural gas generation, but no new wind, coal or hydro assets

Energize Weekly, February 27, 2019 The Tennessee Valley Authority (TVA) is projecting greater reliance on solar, natural gas and storage to meet electricity demand—but no new coal, wind or hydro—in its draft Integrated Resource Plan (IRP). A long-term planning document, the watchword in the IRP is “flexibility” in the face…

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Renewables will provide 50 percent of electricity generation by 2035, McKinsey says

Renewables will provide 50 percent of electricity generation by 2035, McKinsey says

Energize Weekly, February 27, 2019 Renewable generation will meet 50 percent of world electricity demand by 2035 as electricity consumption doubles until 2050, according to McKinsey & Co.’s 2019 energy analysis. “The role of renewable resources in power generation grows at an accelerated pace,” the consulting firm’s analysis said. “From…

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Wind power installations have a big 2018 fourth quarter, powered by corporate power purchases

Wind power installations have a big 2018 fourth quarter, powered by corporate power purchases

Energize Weekly, February 20, 2019 Wind generation installations in the fourth quarter of 2018 hit 5,944 megawatts (MW)—the third highest quarter on record for new installations—driven by corporate and non-utility power purchases, according to the American Wind Energy Association’s (AWEA) market report. Corporate and non-utility wind procurement accounted for 68…

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Colorado PUC ruling sets stage for rural electric cooperative to leave Tri-State G&T

Colorado PUC ruling sets stage for rural electric cooperative to leave Tri-State G&T

Energize Weekly, February 20, 2019 The Colorado Public Utilities Commission waded into a dispute between a Western Slope rural electric cooperative and the Tri-State Generation and Transmission Association over the co-op’s efforts to leave the association. The commission’s decision will provide a new level of oversight for Tri-State, which provides…

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Texas could generate almost all its electricity with wind, solar and very little storage, study says

Texas could generate almost all its electricity with wind, solar and very little storage, study says

Energize Weekly, January 9, 2019 Texas—by taking advantage of its geographical diversity—could deploy enough wind and solar generation to meet the state’s electricity demand with little storage or fossil fuel backup, according to Rice University researchers. “One way to reduce the need for costly storage and for polluting fossil generation…

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Wind, solar and storage could competitively provide 70 percent of Minnesota’s electricity by 2050, study says

Wind, solar and storage could competitively provide 70 percent of Minnesota’s electricity by 2050, study says

Energize Weekly, January 2, 2019 Minnesota can economically reach a mix of 70 percent wind and solar electric generation with storage by 2050, according to a U.S. Department of Energy-sponsored report. The report done by Clean Power Research for MN Solar Pathways, a group of non-profit clean energy advocacy organizations…

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Xcel Energy sets a zero-carbon electricity target for 2050, with an 80 percent cut in emissions by 2030

Xcel Energy sets a zero-carbon electricity target for 2050, with an 80 percent cut in emissions by 2030

Energize Weekly, December 12, 2018 Xcel Energy has set a goal of producing 100 percent “carbon-free” electricity by 2050—making it the first large U.S. utility to set a net-zero carbon standard. The investor-owned utility, which operates in eight western and midwestern states, has set a target of an 80 percent…

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AEP’s $33 billion capital improvement plan focuses on transmission and distribution

AEP’s $33 billion capital improvement plan focuses on transmission and distribution

Energize Weekly, November 21, 2018 American Electric Power (AEP) is planning to invest $33 billion in capital projects between 2019 and 2023 with three-quarters of the money focused on transmission and distribution, the company said. The company will also spend $2.7 billion on renewable generation and another $2.2 billion on…

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Thin-film solar can grow in high-value markets like aerospace and building materials, NREL study says

Thin-film solar can grow in high-value markets like aerospace and building materials, NREL study says

Energize Weekly, November 21, 2018 Silicon solar cells account for 95 percent of the global market, but there are potentially multi-billion dollar markets for flexible, thin-film cells, according to an analysis by researchers at the federal National Renewable Energy Laboratory (NREL). “Multiple markets are emerging for renewable, low-cost power generation…

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Lazard analysis shows wind and solar becoming the cheapest new generating capacity

Lazard analysis shows wind and solar becoming the cheapest new generating capacity

Energize Weekly, November 14, 2018 The cost of building and running wind and utility-scale solar projects is now beginning to undercut the major forms of baseload generation—natural gas, coal and nuclear, according to analysis by the financial consulting firm Lazard Ltd. Lazard’s 12th annual “levelized cost of energy” (LCOE) analysis,…

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Corporate renewable power purchases set a record in 2018 with the tech sector leading the way

Corporate renewable power purchases set a record in 2018 with the tech sector leading the way

Energize Weekly, October 24, 2018 Corporate renewable energy power purchases—which have spurred $15 billion in capital investment in the last eight years—have already set an annual record in 2018 led by tech companies. So far this year, corporate customers have purchased 4.96 gigawatts of renewable electricity through 59 deals, according…

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