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North Dakota’s Largest Coal Plant Set to Close
The largest coal-fired power plant in North Dakota is scheduled to close in 2022, with the Minnesota-based wholesale electric power cooperative that operates the facility saying the lost generation will be mostly replaced by wind power. Minnesota-based Great River Energy, which supplies electricity to the suburbs of Minneapolis and St. Paul, along with other parts […]
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Groups File Legal Challenges to ACE Rule
Legal challenges to the Trump administration’s Affordable Clean Energy (ACE) rule began in earnest April 17, as more than two dozen states and cities, along with several environmental activist groups, filed briefs with the U.S. Court of Appeals in Washington, D.C., seeking a rollback of power plant regulations that also have been decried by coal […]
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Virginia Commits to End Coal-Fired Generation
Virginia on April 12 became the latest state to commit to a phase-out of fossil fuel-powered electricity generation, as Gov. Ralph Northam signed the Virginia Economy Act into law. The legislation sets new requirements for energy efficiency among the state’s leading utility companies, and also requires most of the state’s six remaining coal-fired power plants […]
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EIA Notes Power Demand Destruction From Coronavirus
The coronavirus pandemic is altering the power landscape, with utilities and other power generators forced to adjust for load disruptions. Power consumption is changing as commercial and industrial electricity users close their businesses, and load is shifting to the residential sector with workers now settled in home offices, and students practicing remote and distance learning. […]
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News
Shift to Gas, Financing Issues Could Delay Polish Power Plant Project
Officials in Poland have said changing the fuel source of a planned 1-GW power plant in Ostroleka, known as Ostroleka C, from coal to natural gas could delay the project, which already faces several financial
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Banks Invest in Coal, Gas Projects Despite Pushback
A new report from a half-dozen environmental groups says global banks financed $2.7 trillion of fossil fuel projects from December 2015, when the Paris Agreement on climate was reached, through year-end 2019. The report said funding for such projects has increased in each of the past four years. “Banking on Climate Change 2020,” published March […]
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Press Releases
EPS hiring PowerChina to build 350-MW coal power plant to replace old units
March 12, 2020 — An investment of EUR 385 million is underway, Elektroprivreda Srbije (EPS) said as it revealed the ambition to get a new lignite-fired electricity production unit online by the end of 2024. Power Construction Corp. of China Ltd. has signed a preliminary deal, vowing to come up with a detailed proposition within […]
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Fund Manager to Banks: Stop Financing Coal Plants
A UK-based hedge fund billionaire is urging large central banks to end their funding of coal-fired power plant projects. Chris Hohn, founder of TCI Fund Management and a champion of causes to combat climate change, expressed his concerns in letters published March 1 to the Bank of England, the European Central Bank, Barclays, HSBC, and […]
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News
POWER Digest [March 2020]
Siemens Buys Out Iberdrola, Readying to Spin Off Gas and Power and SGRE Businesses. Siemens AG will acquire Spanish renewables giant Iberdrola SA’s full 8.1% stake in Siemens Gamesa Renewable Energy (SGRE)
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TECO Announces $800-Million Investment in New Solar
Tampa Electric Co. (TECO) on Feb. 19 said it plans to invest about $800 million to add another 600 MW of solar power generation capacity by year-end 2023. TECO on Wednesday said the expansion will increase its solar portfolio to more than 1.25 GW of solar generation, or about 14% of its total generation mix. […]
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