Finance

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

The U.S. Department of Agriculture (USDA) said it will provide loans and loan guarantees to rural electric cooperatives and utilities to build or improve infrastructure in 21 states. The funding was announced on June 22 and amounts to more than $1.6 billion, including nearly $386 million for investments in smart grid technology, which uses digital […]

The global crash of prices for crude oil, on top of a prolonged slump in the price of natural gas, is taking a toll on the oil and gas sector. The coal industry also continues to suffer, as the supply of

The U.S. Internal Revenue Service (IRS) has granted a one-year extension of the continuity safe harbor, providing much-needed relief for many wind developers, which, crippled by pandemic-related delays, were racing to complete projects before crucial tax incentives expired at the end of this year.  In its May 27–issued Notice 2020-41, the IRS essentially modified prior […]

South Africa has the largest carbon footprint in Africa and contributes 40% of the total CO2 emissions in the continent. As the world evolves in response to climate change concerns, the way business is done in South Africa will need to change. In addition to the critical need for every business to contribute to broadly […]

The Energy Information Administration (EIA) in February 2020 published capital costs and performance characteristic estimates for 25 new electric power generating technologies. These estimates come from global engineering and design firm Sargent & Lundy (S&L), which the EIA commissioned to help accurately reflect the changing cost of new power generation technologies for the Annual Energy […]

OPG Reaches First Criticality at Darlington 2, Delays Work at Unit 3. Ontario Power Generation’s (OPG’s) Darlington Unit 2 reactor, the first of four reactors the company is overhauling at the Darlington

How companies respond to the COVID-19 pandemic will determine their public reputations, and those of their leaders and key employees, for years if not decades. This, along with public safety, is why “Priority Number One” for the CEOs of power producers, utilities, and grid operators is to make sure critical employees, such as control room […]

This blog is part of a special series from the International Monetary Fund (IMF) on the response to the coronavirus. The IMF is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The COVID-19 pandemic […]

Constructing a utility-scale solar project requires more than simply buying PV panels and mounting them in a field. It can take years to find the right location, conduct feasibility studies, obtain permits, and align the proverbial stars. A couple of experts, who have managed multiple projects through the process, were guests on The POWER Podcast. […]