Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

April 7, 2017

Investors Are Building Their Own Green-Power Lines

By RUSSELL GOLD, Wall Street Journal  •    •  Posted 2017-04-07 06:43:11

What if the wind sweeping down the plains of Wyoming could be harnessed to generate enough electricity to power the city of Los Angeles? It soon could, thanks to a $9 billion wind farm and electricity superhighway backed by billionaire Philip Anschutz—one of a series of transmission-line projects that private investors are bankrolling to bring renewable energy from America’s hinterlands to its urban centers. [ read more … ]

With More Bang for the Buck, Renewables Providing Most New Power

by Mark Chediak, Bloomberg  •    •  Posted 2017-04-07 06:46:50

Renewables were the biggest new source of electricity last year as the cost of building new wind and solar farms fell. Clean energy provided 55 percent of all new capacity added worldwide, the most ever, and total investment was about double the amount for generators driven by fossil fuels, according to a report published Thursday by UN Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance. [ read more … ]

Investment in renewable energy dips globally as prices fall

By FRANK JORDANS, Associated Press  •    •  Posted 2017-04-07 06:47:44

Overall investments reached $241.6 billion last year, down from $312.2 billion in 2015, said the United Nations Environment Program. But investors got more bang for their buck: renewable energy capacity grew increased by 138.5 gigawatts, 8 percent more than the 127.5 gigawatts added the year before. That’s because installing solar, wind and other systems for generating renewable energy became cheaper last year. [ read more … ]

Three Charts Show Power Glut Holding Fast in Biggest U.S. Market

by Jonathan Crawford and Naureen Malik, Bloomberg  •    •  Posted 2017-04-07 06:48:16

A glut of supply in America’s biggest power market may be sticking around for a while. This May, newly-built or expanded natural gas-fired plants, wind farms and solar installations will compete in an annual auction for electricity supplies in the mid-Atlantic and Midwest. As demand flags, the flood of generation means payouts from the grid manager, PJM Interconnection LLC, may fall to as low as $90 a megawatt-day, the lowest in four years, according to Prajit Ghosh, director of power and renewables research at Wood Mackenzie Ltd. in Houston. [ read more … ]

Voters object to cutting climate research — poll

Hannah Hess, E&E News reporter  •    •  Posted 2017-04-07 06:42:38

Two-thirds of American voters are “very concerned” or “somewhat concerned” that climate change will affect them or a family member personally, according to a new Quinnipiac University poll. The nationwide survey of 1,171 voters also found majority support for discouraging the use of coal because of environmental concerns, while 36 percent said the United States should encourage coal use, citing jobs and economic benefits. [ read more … ]

Wind turbine maker Vestas looks at expanding into energy storage

By Reuters  •    •  Posted 2017-04-07 06:48:35

Denmark’s Vestas, the world’s largest wind turbine maker, is keen to expand into areas such as energy storage to increase the global use of wind power and bring costs down. The wind industry is entering a phase of slower growth and steadier demand for turbines, prompting producers to look at alternatives to grow revenue. “The storage side is interesting and there are a lot of small start-ups that might be of interest. I’m looking for industry batteries,” Vestas Chairman Bert Nordberg told Reuters. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.