‘GREEN Act of 2019’ Extends Tax Credits for Renewables

Credit to Author: Darrell Proctor| Date: Tue, 19 Nov 2019 18:41:57 +0000

The post ‘GREEN Act of 2019’ Extends Tax Credits for Renewables appeared first on POWER Magazine.

The Ways and Means Committee of the U.S. House of Representatives on Nov. 19 released a draft tax package for clean energy projects that includes a five-year extension of the 30% solar Investment Tax Credit (ITC), along with new incentives for energy storage. The legislation also supports incentives for electric vehicles (EVs), offshore and onshore […]

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IEA World Energy Outlook: Solar Capacity Surges Past Coal and Gas by 2040

Credit to Author: Sonal Patel| Date: Thu, 14 Nov 2019 15:31:33 +0000

The post IEA World Energy Outlook: Solar Capacity Surges Past Coal and Gas by 2040 appeared first on POWER Magazine.

Solar photovoltaic (PV) could surge ahead of coal and gas and become the largest source of installed power capacity in the world by 2035 if countries pursue stated policies and targets, the International Energy Agency (IEA) said in its newly released World Energy Outlook 2019 (WEO2019).  The agency’s annual publication, which it issued Nov. 13, […]

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Dominion Plans 500-MW Gas Plant, Also Adding Solar and Wind

Credit to Author: Darrell Proctor| Date: Mon, 04 Nov 2019 15:55:23 +0000

The post Dominion Plans 500-MW Gas Plant, Also Adding Solar and Wind appeared first on POWER Magazine.

Dominion Energy announced plans for a new 500-MW natural gas-fired power plant and also has taken over a solar farm project in Pittsylvania County in Virginia, with the company saying it would invest about $330 million in the two projects. The Nov. 1 announcement came one day after Dominion said it would it would add […]

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Ritter’s Message: Market Forces Drive Growth in Distributed Generation

Credit to Author: Darrell Proctor| Date: Thu, 31 Oct 2019 16:26:07 +0000

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Market forces are playing as much if not more of a role than regulatory policy in the transition from fossil-fueled power generation to renewables, as utilities in the U.S. and worldwide establish decarbonization goals. That was the message from Bill Ritter Jr., former governor of Colorado, during his keynote address at POWER’s Distributed Energy Conference […]

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First Floating Offshore Wind Farm to Power Oil and Gas Platforms Kicks Off

Credit to Author: Sonal Patel| Date: Thu, 31 Oct 2019 14:52:16 +0000

The post First Floating Offshore Wind Farm to Power Oil and Gas Platforms Kicks Off appeared first on POWER Magazine.

Siemens Gamesa has bagged a lucrative contract to supply 11 8-MW offshore wind turbines to Equinor’s 88-MW Hywind Tampen floating wind farm, a first-of-its-kind project that will power oil and gas platforms 140 kilometers offshore Norway.  Equinor—as Statoil, Norway’s state-owned oil company, is now named—announced a final investment decision to build Hywind Tampen on Oct. […]

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Oil and Gas Heavyweights Seek Lifeline in Clean Energy and Tech Sectors

Credit to Author: Aaron Larson| Date: Wed, 30 Oct 2019 13:21:02 +0000

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Oilfield service providers are increasingly moving beyond oil and gas development work, and into renewable energy projects, according to a study conducted by Rystad Energy, an independent research and business intelligence company that provides data, tools, analytics, and consultancy services to the global energy industry. In findings released on Oct. 29, Rystad said that oil […]

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Dominion Solar, Wind Projects Will Power Virginia Government Buildings

Credit to Author: Darrell Proctor| Date: Tue, 22 Oct 2019 17:59:48 +0000

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Dominion Energy has entered a partnership with the commonwealth of Virginia in which government-owned buildings and facilities in the state will get power from Dominion’s solar and wind energy projects. The agreement, signed by Dominion and Virginia Gov. Ralph Northam on Oct. 18, is the largest procurement of renewable energy to date by the state […]

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Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm

Credit to Author: Darrell Proctor| Date: Wed, 16 Oct 2019 18:25:06 +0000

The post Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm appeared first on POWER Magazine.

The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business. Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, […]

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Uptake of GE’s Biggest Wind Turbines Gain Traction

Credit to Author: Sonal Patel| Date: Thu, 10 Oct 2019 13:33:55 +0000

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GE Renewable Energy has made major gains in orders for its 5.3-MW Cypress onshore wind turbine and the 12-MW Haliade-X offshore wind turbine. Prototypes of both are still being tested in the Netherlands. Key Contracts for Innovative 5-MW Onshore Machine  The GE business division introduced the first turbine in the Cypress platform, a 4.8-MW machine, […]

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