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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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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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DOE Announces Additional $64 Million for Clean Coal Projects
The U.S. Department of Energy (DOE) has earmarked $64 million in additional funding for research and development of smaller, more efficient, and cleaner coal plants. Energy Secretary Dan Brouillette on Feb. 7 announced the money would be part of the DOE’s “Coal FIRST Initiative,” telling the audience at an Atlantic Council meeting Friday in Washington, […]
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Energy Northwest Study Makes a Case for SMRs in Future Power Mix
Deep decarbonization of the U.S. Northwest can be achieved at “manageable” costs by 2045, but only if utility agency Energy Northwest secures zero-emitting firm capacity, such as by relicensing Columbia Generating Station—the sole nuclear plant in the region—and building small modular reactors (SMRs), a new study suggests. The study by San Francisco-based consulting group Energy […]
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California Official: Solar’s Future Bright, but Clouds Persist
The technology behind solar power is changing rapidly. Researchers at the University of California, Davis have said so-called “anti-solar” panels could even generate power at night. But even as solar deployments grow worldwide, more innovative solar products are launched, and more governments enact clean energy mandates, political headwinds threaten to slow the progress of the […]
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Coal
A Closer Look at Coal Power Plant Impacts
When I see estimates of premature deaths attributable to coal-fired power plants, I usually take the data with a grain of salt. It’s not that I don’t trust researchers to do their best to calculate the
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Endesa to Close Two Giant Spanish Coal Plants
Endesa on Dec. 27 formally moved to shutter two massive coal-fired power plants—the 1.4-GW As Pontes plant in A Coruña, Galicia, which is the biggest coal-fired power plant in Spain, and the 1.16-GW
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India’s Energy Market Overhaul—Infrastructure, Renewables, and Keeping Coal in the Mix
India wants to reform its power generation sector, including upgrades to energy infrastructure, and plans to introduce new technology to make its electricity supply more reliable and resilient. It’s part of
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Coal
Cementing Coal Power Phaseout, Germany Sets Out to Shutter 40% of Current Generation Mix
Germany’s federal cabinet on Jan. 29 approved a nationwide phaseout of coal power generation by 2038, paving the way for the country, which has already initiated a nuclear phaseout, to rely even more heavily on renewables. The federal cabinet’s approval of the “Reduction and Termination of Coal Power Generation” (Gesetz zur Reduzierung und zur Beendigung der […]