Renewables

Renewables will account for a substantial majority of the new U.S. utility-scale electric generating capacity planned to start commercial operation this year, with natural gas coming in a distant third behind solar and wind, according to data from the Energy Information Administration (EIA). Developers and power plant owners plan to add 6.6 GW of natural…

Leaders of Mexico’s state power utility Comisión Federal de Electricidad (CFE) on Tuesday blamed renewable energy and a brush fire for a massive Dec. 28 power outage that took 8,696 MW of electricity offline, causing about one-third of the country to lose power.  Spokesman Luis Bravo Navarro said that while it’s normal for small sections…

Business partners Consolidated Edison Inc. (ConEd) and 174 Power Global decided on Astoria, Queens as the site for the largest battery storage project in New York.  174 Power, a company that specializes in renewable energy projects, will be building the battery near the East River. The batteries will discharge 100 MW of electricity, which is…

Poised to rise back to 2019 levels and beyond, the global capex spending on renewables is estimated to grow 8.5% to $255 billion in 2021, according to IHS Markit.  Following the rampant COVID-19 lockdowns and mobility restrictions that caused construction delays and supply chain disruptions in 2020, IHS expects a steady recovery in the year…

Proponents of the natural gas, oil and renewable energy sectors all found something to like about a $2.3 trillion omnibus spending and coronavirus relief package passed late Monday by the House and Senate. The American Petroleum Institute (API) praised legislators for including several provisions from Sen. Lisa Murkowski’s (R-AK) American Energy Innovation Act, including parts…

The California Independent System Operator (CAISO) overestimated the capacity available from demand response and renewables during a period of rolling power outages in August, FERC staff said during a presentation Thursday. However, against the wishes of Chairman James Danly, the Federal Energy Regulatory Commission during its monthly meeting voted 2-1 against a proposed order to…

More than 75% of new liquefied natural gas (LNG) global supply could be at risk because of quickly expanding renewable energy resources, according to an analysis by Wood Mackenzie. In a forecast issued on Wednesday, the consultancy said its scenario for worldwide gas demand is going to come under pressure as power sector investments increase…

On fronts from climate change to gender and racial equity, Enbridge Inc. has promised to march in step with avowedly “progressive” government and investor agendas for the next three decades. “The energy industry is in the midst of transition and we recognize the need to adapt to the changing expectations of our customers,” said the…

French supermajor Total SE aims to transform itself over the next decade by building its reach in the “two fastest growing energy markets,” liquefied natural gas (LNG) and electricity, the CEO said. In presenting the Paris-based operator’s long-range strategy on Wednesday, CEO Patrick Pouyanné said the thrust is similar to other European-based majors. The outlook…