Renewable Energy

Why Is This Utility Company Championing New School Buses?

Dominion Energy (NYSE: D) is one of the country’s largest electric and natural gas utilities. It has shifted and changed over time, most recently exiting the oil and gas exploration business roughly a decade ago.

March 22, 2020 - 9:33 am Press Releases, Renewable Energy
Saudi Arabia’s ACWA Power, Uzbekistan sign $2.5bn energy agreements

Saudi Arabia’s ACWA Power, Uzbekistan sign $2.5bn energy agreements

Gulf Business


The agreements include the construction of a 1,500MW Combined Cycle Gas-Turbine power plant and a 500-1000MW wind farm

On Sunday, Saudi Arabia’s utility developer ACWA Power revealed that it had signed three agreements, potentially worth up to $2.5bn, …

Silverpeak acquires 180-MW Texas solar project from Tri Global Energy

Silverpeak acquires 180-MW Texas solar project from Tri Global Energy

Solar Power World


Tri Global Energy, a leading developer of renewable energy, announced an agreement to sell the 180-MW Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy and credit. Tri Global Energy …

Pacific Ethanol, Inc. Enters Into Agreement to Sell Ownership Interest in Pacific Aurora, LLC

Pacific Ethanol, Inc. Enters Into Agreement to Sell Ownership Interest in Pacific Aurora, LLC

SACRAMENTO, Calif., March 03, 2020 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States,

How long will the slowdown in renewables last?

How long will the slowdown in renewables last?

GreenBiz


Oil & Gas 360 Editors Note: Trevor d’Olier-Lees writes an excellent article looking at the renewable market, and if a downturn is on the horizon.  The key take away’s from the article are surrounding the removal of tax incentives

EIA expands data on capacity and usage of power plants, electricity storage systems

EIA expands data on capacity and usage of power plants, electricity storage systems

EIA


Oil & Gas 360 Publishers Note: Interesting information from the EIA on power plants and electricity storage. The storage will be a huge market in the next several years, and investors should watch this portion of the energy sector. 

TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020

TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020

TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) announced today solid financial results which were at the upper-end of its guidance for the three months and year ended December 31, 2019, along with its 2020 outlook.

Source: usatoday.com

Wind has become the ‘most-used’ source of renewable electricity generation in the US

CNBC


Last year saw wind generation in the U.S. overtake hydroelectric generation for the first time, according to data from the U.S. Energy Information Administration (EIA).

Released Wednesday, the figures from the EIA’s “Electric Power Monthly” report show that yearly …

February 27, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

BP to quit main U.S. refining lobby over carbon policy

Reuters


LONDON – BP (BP.L) will leave the main U.S. refining lobby and two other trade groups as new Chief Executive Bernard Looney spurs some of the oil sector’s most ambitious targets for curbing carbon emissions.

BP said …

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

EIA


Oil & Gas Publishers Note: Interesting news from the EIA regarding wind surpassing hydroelectric, but is this a time to celebrate? We are looking at the statistics on renewable energy and the CO2 impact to the environment. The impact

Construction of the Salt Tanks which provide efficient thermal energy storage[80] so that electricity can be generated after the sun goes down, and output can be scheduled to meet demand.[81] The 280 MW Solana Generating Station is designed to provide six hours of storage. This allows the plant to generate about 38% of its rated capacity over the course of a year.[82]

WoodMac: Energy storage to accelerate global energy transition in 2020s

BIC Magazine


Finn-Foley said: “The energy storage industry is in the enviable position of juggling growth gamechangers from multiple directions. Plunging costs drove speculation in the first scaled markets but as price declines enter a steadier rate, further recognition of

East Bend Station is a 648 megawatt, single turbine plant located near Rabbit Hash in Boone County, Ky.

Northern Kentucky’s electric, gas, water and digital pipelines are ample, sustainable and affordable

The Lane Report


Northern Kentucky’s two major electrical energy suppliers, Owen Electric and Duke Energy, continue to be at the forefront of the movement to clean, renewable energy, with a couple of new or expanding programs.

Cooperatives, of which Owen …

Capital Power reports excellent fourth quarter and year-end 2019 results

Capital Power reports excellent fourth quarter and year-end 2019 results

Excellent year highlighted by record cash flow generation

EDMONTON, Alberta, Feb. 24, 2020 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended December 31, 2019.

 Fourth Quarter and Annual Highlights

  • Completed the 202-megawatt
Source: Reuters

FERC rules clean energy must pay higher market price in New York

Reuters


The Federal Energy Regulatory Commission on Thursday issued a suite of orders that will require subsidized energy storage and renewable power resource providers to meet a price floor in New York state’s capacity market, making it harder for them …

February 21, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Atlantica to Present Fiscal Year 2019 Financial Results on February 27

Atlantica to Present Fiscal Year 2019 Financial Results on February 27

February 21, 2020 – Atlantica Yield (NASDAQ: AY), the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced today that it will release its financial results for the fiscal year 2019 
Rep. Bob Latta tours the AEP energy storage system in Bluffton on Wednesday morning. Latta serves on the U.S. House Committee on Energy and Commerce, specifically on the Energy Subcommittee, where he is focused a number of issues including how we can better work toward energy independence.

Congressman Latta visits Bluffton’s AEP grid battery system

Lima Ohio


BLUFFTON — Congressman Bob Latta said Tuesday while touring an AEP storage system in Bluffton that energy storage technologies have the potential to increase the viability of renewable energy sources.

“It’s about looking at nuclear energy, clean coal …

Source: Houston Chronicle

Solar and wind power can’t compete with gas this cheap

Houston Chronicle


This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within …

Source: CNBC

Nature-based solutions? Here’s what they are and why you should care

CNBC


It’s over four years since the Paris Agreement was reached at the UN’s COP21 climate summit.

 

It was in the French capital that world leaders committed to making sure global warming stayed “well below” 2 degrees Celsius above

Source: Reuters

Total considers stopping fuel oil sales for power: CEO

Reuters


ABERDEEN, Scotland – France’s Total (TOTF.PA) is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.…

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America;

Enbridge Inc. Reports Strong Fourth Quarter and Full Year 2019 Results

Enbridge Inc. Reports Strong Fourth Quarter & Full Year 2019 Results

Source: Houston Chronicle

All eyes on Exxon, Chevron after BP vows carbon neutrality

Houston Chronicle


BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.…

Source: Reuters

Coronavirus unlikely to have big impact on oil prices: U.S. energy secretary

Reuters


LISBON (Reuters) – The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically push up oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan …

SunPower Reports Fourth Quarter and Fiscal Year 2019 Results

SunPower Reports Fourth Quarter and Fiscal Year 2019 Results

Portland General Electric and Avangrid Renewables announce major solar facility in Oregon

Portland General Electric and Avangrid Renewables announce major solar facility in Oregon

Portland General Electric and Avangrid Renewables announce major solar facility in Oregon

Sen. Elizabeth Warren, Joe Biden, and Sen. Bernie Sanders participate in the Democratic debate in Manchester, New Hampshire, on February 7, 2020. Joe Raedle/Getty Images

Democratic candidates want to use trade to make other countries act on climate change

VOX


Oil & Gas 360 Publisher’s Note: We as a combined community of humans need to work together to provide a path to lower emissions with the right balance of natural gas, oil, nuclear, wind, solar, and geothermal. It also

Source: CNBC

Shell’s new solar farm to help power a natural gas plant in Australia

CNBC


Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland.

In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and

Source: CNBC

Shares of wind turbine giant Vestas rip higher as order book hits fresh record

CNBC


Turbine manufacturer Vestas Wind Systems logged record order levels in 2019 as well as a rise in profit and revenue.

Vestas posted an order intake — a measure of turbines placed on its order books — of more than …

Source: Houston Chronicle

Democrats accuse Energy Department of underspending on clean energy research

Houston Chronicle


WASHINGTON — The Department of Energy isn’t distributing funding for clean energy research fast enough, House Democrats said Wednesday.

At a hearing before the oversight panel of the House Science and Space Committee, Chairman Rep. Bill Foster, D-Ill., …

Fugro, HC2 divest Global Marine Group stake

Fugro, HC2 divest Global Marine Group stake

Marine Link



US-based financial services company HC2 Holdings and the Dutch multinational provider of geo-intelligence Fugro have sold offshore engineering specialist Global Marine Group (GMG) to private equity firm J.F. Lehman & Company for a sum of USD 250 million. …

Source: Reuters

Church of England pension fund shifts $789 million to climate index

Reuters


LONDON – The Church of England’s pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement.

The index, …