EIA
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Renewables
Texas Adds Two More Utility-Scale Solar Power Projects
Texas continues to add to its U.S.-leading portfolio of renewable energy projects, with two large solar power installations recently coming online. Clearway Energy Group on Feb. 22 said it had completed the 452-MW Texas Solar Nova complex in Kent County. The multimillion-dollar array, which was built in two phases, already has offtake agreements, including a […]
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Solar
EIA: Solar Will Surge in 2024, Account for More Than Half of New U.S. Capacity
Installations of new solar power generation capacity this year are expected to nearly double the amount that was built in 2023, according to the U.S. Energy Information Administration (EIA). The agency is its latest “Preliminary Monthly Electric Generator Inventory” report said developers expect to add 36.4 GW of new solar capacity in 2024. That compares […]
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Commentary
Energy in Transition—Where Are Investors Looking Next?
Renewables are far from the primary power source in the U.S. No longer is the cost of renewable energy, particularly onshore wind and solar, the most substantial hurdle to the energy transition. New obstacles loom large. Predominant among these is connecting the infrastructure dots between new alternative sources and the current grid, all while maintaining […]
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Electrification
Deloitte Report Details Importance of Energy Storage to U.S. Power Grid
Energy industry analysts have said energy storage will be needed to support the integration of renewable energy into the U.S. power grid, and to provide grid flexibility and reliability. Energy storage, including the use of battery energy storage systems (BESS), also will support moves toward electrification and continued decentralization of U.S. power generation. A new […]
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Gas
EIA Reports Second Straight Year of Growth for New U.S. Gas-Fired Power Plants
The U.S. Energy Information Administration (EIA) said it expects 16 new natural gas-fired power plants will begin commercial operation this year, a second straight year of growth in gas-fired generation capacity after three consecutive years of declines. The EIA in its “Natural Gas Weekly Update” released August 31, citing data from the agency’s “Monthly Electric […]
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Wind
Texas Adding to U.S.-Leading Renewable Portfolio with 200-MW RWE Wind Farm
A 200-MW onshore wind farm project is under construction in Texas, an installation that will add to the state’s U.S.-leading renewable energy portfolio. RWE, a German multinational energy provider, on August 31 said the Montgomery Ranch Wind Farm is being built in Foard County. The company said it the project will increase RWE’s installed wind […]
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Solar
Construction Underway on South Dakota’s Largest Solar Project
A 128-MW solar energy project that will serve customers of a regional electric power cooperative is under construction in South Dakota, with the facility expected to enter commercial operation later this year. National Grid Renewables on Jan. 10 said work has begun on the company’s Wild Springs Solar Project in Pennington County. The array will […]
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Coal
U.S. Coal Plant Closures Continue, While China Rapidly Builds More
A wave of retirements for U.S. coal-fired power plants continues, with the Energy Information Administration (EIA) reporting almost a quarter of the nation’s remaining facilities could be shuttered by the end of 2029. The EIA in its preliminary monthly electric generator inventory report released Nov. 7 said that 23% of the nearly 201 GW of […]
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Hydro
California Drought Could Severely Limit Hydropower This Summer
Drought in California could nearly halve the state’s hydroelectric generation this summer, pushing up wholesale power prices in the West, and forcing the state to rely on natural gas generation and out-of-state imports, the Energy Information Administration (EIA) projects in a new analysis. The EIA suggests in a supplement to its May 2022–released Short-Term Energy Outlook […]
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Markets
Market Transitions: The MOPR Merry-Go-Round
The PJM Interconnection’s Minimum Offer Price Rule (MOPR) was introduced in 2006 as a floor to bar new generators from artificially depressing capacity auction clearing prices through below-cost bids.