Wind
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Wind
Siemens, Gamesa to Combine Wind Business to Form New Major Market Player
Spanish wind giant Gamesa will absorb Siemens’ wind power business, including wind services, creating a new combined company—one of the world’s biggest wind turbine manufacturers—that will have its global headquarters in Spain. The companies on June 17 signed binding agreements to merge and form the new company. Siemens will hold a 59% stake and consolidate […]
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Legal & Regulatory
Despite Stay, EPA Proposes Details of Clean Power Plan Voluntary Incentive Program
The Environmental Protection Agency (EPA) has unveiled details of the Clean Energy Incentive Program (CEIP), a voluntary measure central to the judicially stalled Clean Power Plan that seeks to provide guidance to states and tribes that want to meet goals under the plan when it becomes effective. The final Clean Power Plan, finalized in […]
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Legal & Regulatory
Regulators Approve Plan to Close Four Minnesota Coal Units
The Minnesota Public Utilities Commission (MPUC) approved Minnesota Power Co.’s integrated resource plan (IRP) on June 9, which calls for the economic idling of the company’s Taconite Harbor Energy Center—a two-unit 150-MW facility (Unit 3 was retired in June 2015)—this fall and ceasing coal operations at the site in 2020. The MPUC also adjusted the […]
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Renewables
Experts: Gas Power’s Expansion Riddled with Roadblocks
Even though it may dominate forecasts, natural gas–fired generation faces a troubled expansion in the U.S., according to experts from a variety of stake-holding entities—including an industry group, a utility, a generator, and a pipeline company. Challenges that have few solutions—from price volatility, to gas transport concerns, to rule uncertainty—may upend the nation’s dependence […]
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Renewables
China’s New Five-Year Plan Bolsters Climate, Environmental Measures
China unveiled its 13th Five-Year Plan this March. The official proposal that will guide the country’s economic and social development from 2016 through 2020 lays out targets and other measures to address a number of climate change, air pollution, and water policies that will build on progress to transform its power sector. The plan sets […]
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Renewables
Proposal for Offshore Wind Battery Storage Launched
Plans are under way to install a pilot 1-MWh lithium battery–based storage system in 2018 at the world’s first floating wind farm in Aberdeenshire, Scotland. The “Batwind” system, to be installed at
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Wind
DOE Ditches Two Major Offshore Wind Demonstration Projects
The Department of Energy (DOE) has pulled back funding for two proposed offshore wind demonstration projects spearheaded separately by Dominion Virginia Power and Principle Power, bolstering its support instead for projects it says demonstrate more progress or potential. The funding decision stems from the agency’s 2012 selection of seven offshore demonstration projects, which initially received […]
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Coal
Great Plains Energy to Acquire Westar Energy in Deal Worth $12.2 Billion
Kansas City–based Great Plains Energy has agreed to purchase Westar Energy—Kansas’ largest electric utility—in a combined cash and stock transaction with an enterprise value of about $12.2 billion. The deal was announced on May 31. When complete, Westar will become a wholly owned subsidiary of Great Plains Energy, which also owns Kansas City Power and […]
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Renewables
EIA International Outlook to 2040 Foresees Decoupling of Power Demand and Economic Growth
The world’s frenzied economic growth through 2040 won’t be matched by electricity demand growth, the Energy Information Administration (EIA) says in the International Energy Outlook 2016 (IEO2016 ) released on May 11. World net electricity generation will jump 69% by 2040, the IEO2016 reference case projects, but that is still well below “what it would […]
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Renewables
Renewable Energy Development Breaks Records and Leaps Ahead of Fossil Fuels Worldwide
Hands down, 2015 was a record year for global investment in renewable energy. Excluding large hydroelectric projects, the amount of money committed to renewables rose 5%, to $285.9 billion, exceeding the previous record of $278.5 billion reached in 2011.