Renewables
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Renewables
IEA: 40% of World’s Power Fleet Will Need to Be Replaced by 2040
Events over the past year—turmoil in the oil-rich Middle East and the Russian-Ukraine gas crisis—along with uncertainty for nuclear power and pervading energy poverty worldwide show that the energy system is “under stress,” the International Energy Agency (IEA) says in its freshly released World Energy Outlook 2014 (WEO-2014). Despite technology and efficiency improvements, without actions […]
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Renewables
U.S. and China Agree to Increase Nationwide Carbon Reduction Targets
Reaching an unexpected climate breakthrough, the U.S. and China in a joint statement on Wednesday each announced new targets to slash carbon dioxide emissions by 2030. President Barack Obama set a new target to cut U.S. carbon emissions between 26% and 28% below 2005 levels by 2025. Chinese leader Xi Jinping, meanwhile, said his country […]
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Renewables
B&W to Spin Off Power Generation from Nuclear Business
On Nov. 5, The Babcock & Wilcox Co. (B&W) announced that its board of directors has unanimously approved a plan for the tax-free spin-off of the company’s power generation business to B&W’s shareholders, in the process forming two independently traded companies. In its third-quarter earnings call the following day, company executives emphasized that the two […]
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Legal & Regulatory
Federal Court Tosses Antitrust Suit Against Chinese Solar Companies
A federal court in Michigan on Oct. 31 dismissed the $950 million antitrust suit filed against three Chinese solar photovoltaic (PV) panel manufacturers by bankrupt firm Energy Conversion Devices (ECD). ECD, which at one time was the world’s largest manufacturer of thin-film solar panels, was forced into Chapter 7 liquidation in 2012 after Chinese firms […]
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Renewables
Ontario’s Long Term Energy Plan in Action
The decision to eliminate coal-fired power plants and the implementation of an aggressive feed-in tariff program puts Ontario’s electricity system in the spotlight. Download a pdf of this sponsored report, written by Global Business Reports: GBR_ONTARIO_PWR_1114_sm
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Renewables
Indonesia Law Seeks to Allow Development of Volcano Power
This August, in a bid to bolster its latent geothermal energy industry, Indonesia passed new laws that allow geothermal exploration in protected areas such as forests. Located in the Ring of Fire—a string of volcanoes and fault lines around the Pacific Basin—the archipelago has estimated potential geothermal resources of up to 29 GW. State power […]
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Renewables
India Proposes Massive Solar Build-Out
India’s Ministry of New and Renewable Energy (MNRE) in September issued a proposal to vastly increase the county’s reliance on solar photovoltaic (PV) generation, taking installed capacity from its current 2.6 GW to more than 20 GW over the next five years. Following on the nation’s ambitious-but-troubled ultra-mega coal plant build-out—only one has come online, […]
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Legal & Regulatory
Reevaluating the Wholesale Market Power Analysis
The Federal Energy Regulatory Commission (FERC) serves as the gatekeeper to wholesale power markets in interstate commerce. The process to obtain and retain authority to sell into these markets at market-based rates (MBR) can be onerous. Any failure to fully comply with FERC’s regulations could result in participation restrictions and civil penalties of up to […]
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Legal & Regulatory
EPA Releases Additional Information on Clean Power Plan
The U.S. Environmental Protection Agency (EPA) has released a notice of data availability (NODA)—making additional information and ideas available for public comment—and it has also proposed carbon goals for areas in Indian Country and U.S. territories. Janet McCabe, acting assistant administrator for the EPA’s Office of Air and Radiation, explained the two actions related to […]
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Legal & Regulatory
EC Agrees on 2030 Climate and Energy Policy Framework
Meeting in Brussels, Belgium, Oct. 23–24, the European Council (EC) agreed on the 2030 climate and energy policy framework for the European Union (EU), calling on all countries to come forward with ambitious targets and policies. The EC endorsed a binding EU target of at least a 40% reduction in domestic greenhouse gas emissions by […]