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Governors' Wind Energy Coalition

January 30, 2020

Top Story

FERC’s backlog of rehearing requests and the legal ‘purgatory’ of opposition to the PJM MOPR order

BY Iulia Gheorghiu, Utility Dive  •    •  Posted 2020-01-29 15:37:20

Clean energy advocates have issued numerous warnings that a controversial December decision by federal regulators to raise the floor price for state-subsidized resources bidding in the PJM Interconnection’s capacity market would harm the ability of new clean energy technologies to enter the market. But options to challenge the order from the Federal Energy Regulatory Commission in court are extremely limited. [ read more … ]

Wind Energy

Ports and Harbors: How US Offshore Wind Developers Are Anchoring Their Claims

By LARS ANDERSEN, Green Tech Media  •    •  Posted 2020-01-29 15:36:47

Massachusetts, Connecticut, Rhode Island, New York, New Jersey and Maryland are advancing ambitious port infrastructure ventures as they compete to become centers of economic activity for this burgeoning industry. At the same time, developers are competing among themselves — and covering their own bases — in several key areas as they devise multi-harbor strategies that span geographical boundaries.
[ read more … ]

Solar

Carlyle Group commits $100M to new solar initiative

By Brian Eckhouse, Bloomberg  •    •  Posted 2020-01-29 15:34:47

Carlyle Group Inc. is committing $100 million toward a new solar initiative. The Washington-based firm is partnering with clean-power company Alchemy Renewable Energy to develop, buy, finance and operate solar projects in the U.S. [ read more … ]

Clean Energy

Investors urge drillers, miners not to take advantage of Trump environmental rollbacks

By Timothy Gardner, Reuters  •    •  Posted 2020-01-29 15:38:11

A group of U.S. institutional investors urged energy, timber and mining companies on Wednesday not to take advantage of Trump administration rollbacks of environmental regulations, such as moving operations into public lands that are being opened up. The investors representing nearly $113 billion in assets sent a letter to 58 companies saying that firms seeking to make use of the rule changes put themselves and their investors at “significant risk of public backlash and stranded assets, should these actions be legally challenged or protections be restored by the courts or by future administrations.” [ read more … ]

Fueled by flexible PPAs, corporate clean energy purchases surged to 19.5 GW in 2019: BloombergNEF

By Robert Walton, Utility Dive  •    •  Posted 2020-01-29 15:35:17

Corporations around the globe purchased 19.5 GW of clean energy in 2019, primarily through long-term power purchase agreements (PPAs), according to data released Tuesday from BloombergNEF. Clean energy and decarbonization efforts by businesses led to a 44% increase in power purchased, compared with 13.4 GW in 2018, with the majority of deals executed in the United States. [ read more … ]

Storage

BlackRock Targets Storage With New Multibillion-Dollar Renewables Fund

By Karl-Erik Stromsta, Green Tech Media  •    •  Posted 2020-01-29 15:35:45

The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in wind and solar energy, BlackRock has more recently begun buying into energy storage projects — including its acquisition last year of GE’s distributed solar and storage business. [ read more … ]

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