Montana-Dakota Utilities reaffirms plans to close three coal plant by 2022
Prairie Public News: MDU wants to add a second natural gas unit to the Heskett plant, north of Mandan. It would be an 88 megawatt unit, and will serve as a “peaking” unit. That’s the same as the other...
View ArticleS&P: Plant retirements expected to push U.S. utility coal demand down almost...
S&P Global Market Intelligence ($): Nearly one in five of the tons of coal delivered to U.S. power generators in the first three quarters of 2019 went to power plants planning to close by 2025 or...
View ArticlePGE power utility in Poland must move away from coal
Montel: Poland’s biggest power producer PGE must urgently invest to slash its carbon emissions to avoid a collapse in cash generation and profitability over the coming years, said a report by the...
View ArticleAuctions would lower costs and boost renewable power sector in Philippines
Philipine News Agency: A report from Institute for Energy Economics and Financial Analysis (IEEFA) shows that the Philippines could attract USD20-billion investments in renewable energy over the next...
View ArticleMorgan Stanley: 47GW of U.S. coal capacity to be uneconomic by 2024
S&P Global Market Intelligence ($): Morgan Stanley & Co. LLC sees a $64 billion spending opportunity on top of double-digit earnings accretion for more than a dozen utilities that decide to...
View ArticleCoal-heavy co-op signs contract for South Dakota’s largest solar project
Bismarck Tribune: Bismarck-based Basin Electric Power Cooperative will purchase electricity from a solar farm slated near Rapid City, S.D. The co-op announced the power purchase agreement with Geronimo...
View ArticleAustralia’s Origin says early retirement of 2,880MW Eraring coal plant is...
The Sydney Morning Herald: The closure of Australia’s largest coal-fired power plant could be brought forward as Origin Energy assesses a “range of scenarios”, including the impact of climate change...
View ArticlePhilippines wants auctions for 2 GW of renewables
PV Magazine: The Philippines government plans to introduce a Green Energy Tariff Program auction regime this year which it hopes will allocate 2 GW of renewable energy generation capacity. The proposed...
View ArticleWisconsin utility looking to move forward with 1,000MW solar buildout
S&P Global Market Intelligence ($): Alliant Energy Corp. said Feb. 21 that it is likely to file in the second quarter with regulators its rate plan covering the first tranche of a 1,000-MW solar...
View ArticleFinancial problems continue for South Korea’s Doosan Heavy Industries
Korea Times: Doosan Heavy Industries & Construction will liquidate its castings and forgings plant in Romania as shipbuilding, offshore plants and energy industries are suffering a protracted...
View ArticleWood Mackenzie: Global battery storage installations to hit 15GW annually by...
Greentech Media: The global energy storage market quadrupled last year to 4 gigawatts of new installations and will surge to a 15-gigawatt annual market in 2024, even as system price declines slow...
View ArticleCoal losses prompt Spain’s Endesa to speed renewable energy investments
S&P Global Market Intelligence ($): Endesa SA is going all out on wind and solar power to replace money-losing coal plants in Spain and Portugal, executives said, after write-offs on the legacy...
View ArticleChesterfield, Birchwood coal plants in Virginia to be closed
Virginia Mercury: Even before major legislation that would set a timeline for the closure of all of Virginia’s coal plants clears the General Assembly, two coal-burning facilities in Chesterfield and...
View ArticleIEEFA op ed: Carbon capture plan for San Juan Generating Station is...
The business template behind a proposal to turn the San Juan Generating Station into a model carbon-capture project doesn’t hold up under much scrutiny. On paper, it’s an elegant, almost magical idea....
View ArticleFederal regulators put a hold on planned Peabody-Arch PRB joint venture
CNN Business: Federal regulators filed a lawsuit Wednesday seeking to kill an alliance between America’s two largest coal mining companies. The Federal Trade Commission’s (FTC’s) decision, supported by...
View ArticleIEEFA update: Southeast Asian power companies are shifting towards renewables
The rapid drop in the cost of renewable energy is reshaping the world’s energy systems. As part and parcel of this shift, a new landscape is emerging among finance and power companies. Southeast Asian...
View ArticleIEEFA Indonesia: Racing towards 23% renewable energy
February 28, 2020 (IEEFA) – Indonesia’s electricity system might soon see a glimmer of hope after going more than three years without significant growth in renewable energy investment, a new IEEFA...
View ArticleEIA: Wind now the leading source of renewable generation in the U.S.
CNBC: Last year saw wind generation in the U.S. overtake hydroelectric generation for the first time, according to data from the U.S. Energy Information Administration (EIA). Released Wednesday, the...
View ArticleS&P utility index tops value of troubled oil and gas sector stocks for first...
S&P Global Market Intelligence ($): The market value of utilities in the S&P 500 surpassed energy companies for the first time Feb. 26 as investors continue to pull their money from the fossil...
View ArticleFunding for esVolta projects shows institutional investors warming up to...
PV Magazine: esVolta, a developer of utility-scale battery energy storage projects, recently closed a $140 million senior secured credit facility to finance a 136 MW/480 MWh portfolio of eight storage...
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