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Casper Star Tribune: Coal giant Arch Resources, Inc. plans to aggressively shrink thermal coal operations in the Powder River Basin, outlining a shift toward coking coal and steel production in an investor call on Thursday. Arch anticipates slashing thermal coal production by another 50% over the next two to three years at its coal mines […]
PV Tech: Indiana’s solar capacity is set to surge in the next three years as the state’s second-biggest utility unveils plans to develop three large-scale projects. Northern Indiana Public Service Company (NIPSCO) has secured build-transfer agreements with subsidiaries of NextEra Energy Resources to develop 900MW of solar as well as 135MW of battery storage. NextEra […]
Reuters: Investors with assets totaling $3.6 trillion are writing to sponsors and financiers to urge them withdraw from Vietnam’s Vung Ang 2 coal power station project, which they say is incompatible with Paris agreement goals on reducing emissions. The action highlights a shift in strategy among shareholders concerned about the impact of climate change from […]
PV Magazine: Malaysian solar project developer Solarvest Holdings Berhad has completed construction on a 13 MW floating solar power plant in Dengkil, Sepang District, in the Selangor state on the west coast of Peninsular Malaysia. The plant features 38,790 JAP72D09 335W solar modules from Chinese manufacturer JA Solar and three SG3400HV-MV-20 central inverters from China-based […]
23 October 2020 (IEEFA Indonesia): PLN would be better served restructuring its business to address the current energy transition rather than relying on a lifeline of government support while channelling more capital to old polluting technologies of the past, finds a new report by public thinktank, the Institute for Energy Economics and Financial Analysis (IEEFA).
S&P Global Market Intelligence ($): Many of the nation’s coal-fired power plants, often heavy consumers of water resources, are located in areas projected to soon face water stress due to climate change. Water stress occurs when humanity’s competition for water exceeds the rate at which nature can replenish its stocks. Based on an analysis of […]
PV Tech: UK solar company Foresight Group is targeting a 700MW pipeline of projects thanks to a joint venture (JV) with developer Island Green Power. Together they will develop five subsidy-free projects, located throughout England and Wales. Peter Bolton, director, Foresight, said that as a “highly experienced renewable energy investor” it is well positioned for […] Demand for renewable power by the corporate sector will account for between 44GW and 72GW of new wind and solar capacity in the US from next year through 2030, according to new analysis by IHS Markit. ‘Corporate US Renewable Procurement Outlook: Optimism Amid a Pessimistic Year’ found that corporate-driven PPAs will represent about 20% […]
Renew Economy: A sizeable new renewables fund chaired by former NSW Premier Morris Iemma and numbering executives from Macquarie, AEMO and Tesla, has revealed billion-dollar plans to install 1.5GW of solar and a gigawatt of battery storage across commercial and industrial sites around Australia over five years.
Newsday: Norwegian energy conglomerate Equinor has bid to create another 2,500 megawatts of offshore wind power for New York state and Long Island with two projects. One, which would connect to the local electric grid in Nassau County, would more than double the number of turbines off Long Island to some 200. A second would […]
Bloomberg: The United Arab Emirates may use more solar energy for its power grid and to produce hydrogen as prices fall, a government official said. Two local companies have offered to supply solar power from an Abu Dhabi project at a record-low price, according to Sharif Al Olama, under-secretary at the UAE’s Ministry of Energy […]
21 October 2020 (IEEFA India): The inflation indexation of tariffs for future solar capacity could provide much-needed financial respite to the distressed power distribution sector and help India move away from coal-fired power, according to a joint briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and the CEEW-Centre for Energy Finance [...]
In April, when announcing its first-quarter financial performance, including its first quarterly loss in decades, CEO Darren Woods, said: “The long-term fundamentals that drive our business have not changed.” In July, when it announced its even more dismal second-quarter financial results, management confirmed its view that “the fundamentals have not changed.” The market sees it […]
Bloomberg: Wind and solar power have become even cheaper compared to fossil fuels in the past year, making them an attractive way to stimulate economies recovering from the Covid-19 pandemic, according to Lazard Ltd. Without subsidies, the cost of energy from onshore wind has fallen to as low as $26 a megawatt-hour while utility-scale solar [...]
PV Magazine: Analysis from Rystad Energy has found the installed capacity of renewable energy in the Asia-Pacific region is set to soar from 497 gigawatts (GW) this year to 754 GW in 2025. The driving force behind the increase will be solar, with regional capacity nearly doubling from 192 GW in 2020 to 349 GW […]
Recharge: Repsol is developing a technology to convert solar energy and water directly into renewable hydrogen, without the intermediate step of electrolysis. The Spanish oil major is conducting a project into so-called ‘photoelectrocatalysis’ together with Spanish gas provider Enagás and research institutes such as the Catalan Institute for Energy Research, the University of Alicante, and […]
Reuters: India will fully move away from fossil fuels to renewable energy in the next few decades, the chairman of Reliance Industries, operator of the world’s biggest refining complex, said on Monday. Reliance, which operates two giant refineries with a combined capacity of 1.4 million barrels per day in western India, aims to become a […]
Mining Weekly: South Korea’s state-owned power utility Kepco will either cancel its investment in coal-driven South African independent power producer Thabametsi, or transition the project to gas. A statement issued on Friday by Seoul-based nongovernmental organisation Solutions for Our Climate said Kepco announced on Thursday night it would no longer invest in overseas coal projects, […]

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