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Governors' Wind Energy Coalition

May 5, 2021

Top Story

Trump does U-turn on DOE loans for clean energy

  •    •  Posted 2020-12-02 10:30:16

The Trump administration is opening over $42 billion in loans from the Department of Energy for projects that boost the nation’s supply of key clean energy minerals, despite the president’s repeated attempts to eliminate funding for the program. In new guidance published yesterday, the Energy Department’s Loan Programs Office (LPO) encouraged companies to seek loans for the production, processing and recycling of “critical minerals” that are central to electric vehicles, renewable energy, advanced nuclear, hydrogen fuel cells and carbon capture, among others. [ read more … ]

Wind Energy

Maine fishing interests seek total ban on offshore wind energy

By TUX TURKEL, Portland Press Herald  •    •  Posted 2021-05-05 16:35:54

A Republican-backed bill to prohibit all future offshore wind development in the state faces an uphill battle, with Democrats in control. More than 60 commercial fishermen and their supporters testified Tuesday in favor of a bill that would block any attempt to develop offshore wind projects anywhere along the Maine coast. [ read more … ]

Avangrid expects offshore Vineyard Wind in 2023, bullish on US energy transition

By Jared Anderson, S&P Global  •    •  Posted 2021-05-05 16:36:27

Avangrid’s 8-GW offshore Vineyard Wind project appears on track to be the first large-scale US offshore wind farm, with the developer expecting a final investment decision in the second half of 2021 and start generation in 2023, executives said May 4. Avangrid’s 23-GW pipeline of renewable energy projects and “leadership in offshore wind will drive significant growth opportunities supported by favorable federal policies and strong demand for clean energy,” Dennis Arriola, the company’s CEO said during its first-quarter 2021 earnings conference call. [ read more … ]

Solar Energy

Solar Industry Crimped by Supply-Chain and Logistical Challenges

By Brian Eckhouse, Bloomberg  •    •  Posted 2021-05-05 16:36:11

The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight costs. SolarEdge’s disclosure came a week after rival solar-parts maker Enphase Energy Inc. said there’s no sign the worldwide shortage of semiconductor components will abate any time soon. “Boiling the bevy of issues down, they all impact gross margins — and gross-margin trends historically have been leading indicators of how the stocks trade,” Jeff Osborne, an analyst at Cowen & Co., said in an email. [ read more … ]

Replacing Coal Plants With Renewables Is Cheaper 80% of the Time

By Leslie Kaufman, Bloomberg  •    •  Posted 2021-05-05 16:36:46

About 80% of U.S. coal plants are now more expensive to keep running than to swap out for new wind and solar capacity, according to a report from Energy Innovation, a non-partisan climate and energy think tank. While renewables cost more than fossil energy for much of the last century, prices for new wind and solar have dropped so quickly in recent years that they were already cheaper than new coal. This report shows that the price differential holds true for a growing amount of existing coal, as well. “This is becoming true for more and more plants moving forward—and at an accelerating pace,” said Eric Gimon, a senior fellow with Energy Innovation and a co-author of the report. [ read more … ]

The Biden Administration

White House eyes subsidies for nuclear plants to help meet climate targets -sources

By Timothy GardnerJarrett Renshaw, Reuters  •    •  Posted 2021-05-05 16:35:01

The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep existing nuclear facilities from closing, bending to the reality that it needs these plants to meet U.S. climate goals, three sources familiar with the discussions told Reuters. The new subsidies, in the form of “production tax credits,” would likely be swept into President Joe Biden’s multi-trillion-dollar legislative effort to invest in the nation’s infrastructure and jobs, the sources said. [ read more … ]

Global Vaccine Crisis Sends Ominous Signal for Fighting Climate Change

By Somini Sengupta, New York Times  •    •  Posted 2021-05-05 16:37:13

Of the more than 1.1 billion vaccinations administered globally, the vast majority have gone into the arms of people who live in the wealthiest countries. The United States, where nearly half the population has received at least one dose, sits on millions of surplus doses, while India, with a 9 percent vaccination rate, shatters records in new daily infections. In New York City, you hear cries of relief at the chance to breathe free and unmasked; in New Delhi, cries for oxygen. [ read more … ]

Grid

The future grid is full of data. That worries cyber experts

By Christian Vasquez, E&E News reporter  •    •  Posted 2021-05-05 16:38:27

“The challenge that we face nationwide is how to accelerate progress toward having clean energy and increased reliance on solar and wind — and do so at the same time that we do not give [Chinese President] Xi Jinping the keys to the kingdom,” said Paul Stockton, former assistant secretary of Defense for homeland defense and author of a recent paper on distribution-level grid data. [ read more … ]

EVs

As Cars Go Electric, China Builds a Big Lead in Factories

By Keith Bradsher, New York Times  •    •  Posted 2021-05-05 16:37:48

China is erecting factories for electric cars almost as fast as the rest of the world combined. Chinese manufacturers are using the billions they have raised from international investors and sympathetic local leaders to beat established carmakers to the market. Success is far from assured. The players include start-ups, electronics manufacturers and other car industry rookies. They are betting that drivers in China and beyond will be willing to spend $40,000 or more for brands that they had never heard of. [ read more … ]

Automakers: States ‘unlikely to reach’ 2035 gas-free goal

By David Iaconangel, E&E News  •    •  Posted 2021-05-05 16:38:02

 The auto industry’s largest trade group challenged 11 governors who are calling for a national phase-out of gasoline cars to put clean vehicles on their own roads first. The governors urged the Biden administration in April to ban sales of new light-duty gas cars by 2035, followed by medium- and heavy-duty models by 2045. That would place the entire country on the same track as California and a handful of other states. [ read more … ]

 

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