Archive: Renewables

China Sets a New Renewable Portfolio Standard

China in mid-September increased its renewable portfolio standard (RPS) to 35% of electricity consumption by 2030. The country has already heavily invested in wind and solar, and it anticipates more gains will

POWER Digest [November 2018]

Ørsted Snaps Up Deepwater Wind in Major U.S. Offshore Wind Deal. Danish offshore wind farm developer Ørsted in October entered into an agreement with U.S.-based D.E. Shaw Group to buy a 100% equity interest

Equipment Showcase: Valves, Piping, and Fittings

Proper valves, pipes, and fittings are important for successful operation of power generation facilities. This equipment includes products with versatile designs to establish effective joining and sealing

A Legal Guide to Power Generation Mergers and Acquisitions

A myriad of issues come into play when parties execute power industry mergers and acquisitions. Part 1 of this two-part series examines what dealmakers need to know before making any transactions

New Zealand’s Largest Geothermal Plant Comes Online

New Zealand’s largest geothermal plant was synchronized to the country’s national grid in October. The project took just more than three years to complete. Eastland Group, a Gisborne, New Zealand-based

Report: Investments in Coal Risky, Billions in Assets Could Be Stranded

A study from a London-based group focused on financial aspects of the energy industry said up to $60 billion of coal-fired power generation assets may be stranded in Southeast Asia in the next 10 years. The study released this week by Carbon Tracker said renewable energy resources and more-stringent environmental policies make investments in new […]

NRG Renews Emphasis on Retail with PPA-Free Renewables Service

NRG Energy, which recently shed a substantial portion of its competitive generation portfolio and has shifted efforts to stimulate growth of its retail business, unveiled a simplified renewables procurement process that does not require a power purchase agreement (PPA).  The company on October 18 launched “Renewable Select,” a plan that it says transforms the “lengthy […]