Markets

The last few months have seen the power sector plagued with enduring lower power prices, exacerbating the continued negative impact on power generation companies and electric utilities. There are a number of

General Electric (GE) has taken a marked step to position itself in the global fight against climate change, advocating for immediate and effective power sector decarbonization through a replacement of coal-fired power generation with a combination of renewables and natural gas-fired power.  The company laid out its position on Dec. 15 in a wide-ranging white […]

Researchers at Lawrence Berkeley National Laboratory (LBNL) have found that a combination of lower capital, operating, and finance costs, in addition to better equipment performance, and longer useful lives, have driven power purchase agreement (PPA) prices and the levelized cost of energy (LCOE) for utility-scale wind and solar projects to all-time lows. The findings were […]

General Electric (GE) has agreed to pay a $200 million penalty to settle claims by the U.S. Securities and Exchange Commission (SEC) that the company misled investors when it failed to disclose material information related to its power and insurance businesses. In an order on Dec. 9 capping an investigation that the SEC opened in […]

By 2025, the economics of low-carbon generation technologies are poised to disrupt conventional fossil fuel generation so dramatically, onshore wind could have the lowest levelized costs of electricity (LCOE) on average, and nuclear power could emerge as the dispatchable low-carbon technology with the lowest expected costs.  Those are key findings in the Dec. 9-issued 2020 […]

RWE Generation will install 11 units of GE Gas Power’s freshly launched LM2500XPRESS power plant technology to provide a critical gas-power reserve in Germany’s reliability-challenged southern region.  The project will debut GE’s LM2500XPRESS, a “plug-and-play” power plant model it launched in January 2020 that features pre-packaged LM2500 aeroderivative gas turbines. Delivered in a simplified set […]

The U.S. Senate on Nov. 30 confirmed Federal Energy Regulatory Commission (FERC) nominees Allison Clements and Mark Christie, filling out all five seats at the helm of the federal energy regulator with a bipartisan panel for the first time in nearly two years.  Clements, a Democrat, replaces former Commissioner Cheryl LaFleur for a term that […]

At the virtual 2nd Global Ministerial Conference on System Integration of Renewables on Oct. 27, several high-ranking policymakers pointed to a number of localized challenges affecting their countries’

Norwegian Group Buying Vietnam Wind Farm. Norway’s SN Power AS in November agreed to purchase 100% of the shares in the 39.4-MW Dam Nai Wind Power project in Vietnam from Mekong Wind Pte. Ltd., a group owned

American Electric Power (AEP) will shut down or refuel 5.6 GW of its 2020 coal-fired power fleet by 2030 to comply with environmental rules—including recent revisions governing federal coal ash and effluent limitations—and rebalance its portfolio in a bid to meet ambitious climate goals.  The move is bold for the Columbus, Ohio-based generating giant, which […]