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Governors' Wind Energy Coalition

May 30, 2019

Top Story

Solar, onshore wind costs set to fall below new fossil fuel energy: report – Reuters

By Nina Chestney, Reuters  •    •  Posted 2019-05-30 05:36:22

Electricity generated by onshore wind and solar photovoltaic (PV) technologies will in the next year be consistently cheaper than from any fossil fuel source, a report showed on Wednesday, boosting the case for energy sources that don’t emit carbon. The trend for cut-price renewable energy is already set but the report by the International Renewable Energy Agency (IRENA) gives fresh evidence of the speed of the decline, driven by increased production runs and technology improvements.
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Policy & Politics

United Nations Says 80 Countries May Ramp Up Climate Pledges

By Somini Sengupta, New York Times  •    •  Posted 2019-05-30 05:37:00

About 80 countries want to increase their climate pledges ahead of schedule under the Paris climate accord, the United Nations said Tuesday, signaling that some of them would do so at a summit of world leaders in September. Luis Alfonso de Alba, a Mexican diplomat who is currently the United Nations Secretary General’s envoy on climate change, declined to say which countries were expected to announce higher climate ambitions, nor whether they would be enough to make a difference to the fate of the world. [ read more … ]

New York to announce winning bids for offshore wind energy this week

By Mark Harrington, Newsday  •    •  Posted 2019-05-30 05:37:16

New York State in coming days is expected to announce the winning bid or bids for the state’s closely watched offshore wind-energy procurement, the first in what Gov. Andrew M. Cuomo said will be 9,000 megawatts of power from ocean winds. The New York State Energy Research and Development Authority since February has been reviewing some 18 bids by four large wind-energy companies to determine which will get the first contract, for an expected 800 megawatts. Bids of up to 1,200 megawatts are among the proposals. A megawatt of offshore wind can power more than 360 homes. [ read more … ]

Rhode Island Gets Approval for 20-Year Wind Energy PPA

By Emily Holbrook, Energy Manager Today  •    •  Posted 2019-05-30 05:37:31

Rhode Island regulators today approved a 20-year power-purchase agreement (PPA) with DWW Rev I, LLC — a joint venture of Ørsted US Offshore Wind and Eversource — for the offshore wind energy that the Revolution Wind project will deliver to the state. The Rhode Island Public Utilities Commission unanimously approved Ørsted and Eversource’s long-term power contract with National Grid for 400 megawatts of clean energy from Revolution Wind. [ read more … ]

Putting a Price on the Risk of Climate Change

By Mathew Carr, Bloomberg  •    •  Posted 2019-05-30 05:37:48

The top 10 energy companies are planning investments approaching $1 trillion by 2030, in everything from finding and tapping new fields to equipment ranging from drones to drilling rigs. If the oil and gas business rolls along as it has for the past century, those projects will likely pay off in fat profits for shareholders. But some analysts and investors warn that the value of much of that infrastructure risks falling to zero. [ read more … ]

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