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Governors' Wind Energy Coalition

May 9, 2021

Top Story

Biden wants to move energy offshore, but choppy seas are ahead

By Joshua Partlow, Washington Post  •    •  Posted 2021-05-09 15:18:53

Up and down the East Coast, developers and government agencies are preparing for the massively complex and costly challenge of placing thousands of wind turbines taller than the Washington Monument miles out into the Atlantic. The Biden administration has set a goal that industry players call highly ambitious, if not unrealistic: to produce 30,000 megawatts of electricity from offshore wind farms by 2030, enough to power 10 million homes. Meeting this goal is one of the few available paths for President Biden to reduce the country’s reliance on fossil fuels and fight climate change. [ read more … ]

Wind Energy

Massachsuetts Offshore Wind Pricing Plan Stirring Crosscurrents

By Colin A. Young, State House News Service, WBUR  •    •  Posted 2021-05-09 15:15:19

The plan for the state’s next and possibly largest offshore wind contract is now under Department of Public Utilities review and the regulators there have to decide whether to require bidders to commit to selling the clean energy they generate at a potentially lower price depending on what happens with the pricing of a project already in the pipeline. The state’s next offshore wind request for proposals was submitted to DPU for review and approval Wednesday, an early step towards the procurement of up to 1,600 megawatts of offshore wind power with the goal of executing a final contract by the spring of 2022. [ read more … ]

Solar Energy

What solar pioneer’s turbulent path means for Biden

By Peter Behr, E&E News reporter  •    •  Posted 2021-05-09 15:16:03

“Beijing’s goal is global dominance of this industry,” he wrote. To give domestic manufacturers a chance, the Biden administration must keep persistent, long-term tariffs on foreign solar supply chain imports, and Congress should pass a solar tax credit and make “buy America” preferences mandatory for federal government agencies, Ferry argued. According to Granholm, the Biden administration has placed its bet on tandem technologies, too. “We only have a small amount of time to get this done,” she said at a solar briefing last month. [ read more … ]

Biden Administration

Biden Promises to ‘Build Back Better.’ Some Climate Experts See Trouble.

By Christopher Flavelle, New York Times  •    •  Posted 2021-05-09 15:17:30

Just weeks from the start of hurricane season, climate experts warn that Mr. Biden’s administration has yet to take steps that would turn his pledge to “build back better” into reality. They cite its failure to reinstitute a rule on building in flood zones that former President Donald J. Trump scrapped, its lack of an overarching climate resilience strategy and the fact that it has yet to hire senior staff to manage and coordinate that work. [ read more … ]

Biden touts electric car company potentially worth millions for his energy secretary

By Kristen Holmes, CNN  •    •  Posted 2021-05-09 15:17:00

President Joe Biden and Vice President Kamala Harris’ efforts to sell their green agenda and infrastructure plan are being complicated by a thorny conflict of interest for Energy Secretary Jennifer Granholm — who stands to gain a windfall from stock options in a private electric vehicle company. Last month, Biden took a virtual tour of Proterra, a company Granholm holds millions of dollars in vested stock options in and previously sat on the board of. During the tour Biden praised employees and the CEO for their work in the electric vehicle space. [ read more … ]

Texas Blackouts

Energy Transfer Made $2.4 Billion From Texas Winter Storm

By Gerson Freitas Jr, Bloomberg  •    •  Posted 2021-05-09 15:17:56

Energy Transfer LP, the pipeline giant controlled by billionaire Kelcy Warren, has emerged as the biggest winner so far from the deadly winter storm that paralyzed Texas in February. The company saw a positive earnings impact from the extreme weather of about $2.4 billion, it said Thursday in its first-quarter earnings statement. Energy Transfer raised its full-year earnings guidance to as much as $13.3 billion, from up to $11 billion previously. The stock jumped as much as 4.9% in after-hours trading. [ read more … ]

As Texas Went Dark, the State Paid Natural-Gas Companies to Go Offline

By Russell Gold and Katherine Blunt, Wall Street Journal  •    •  Posted 2021-05-09 15:18:32

The Journal’s analysis of grid records shows that participants included dozens of critical pieces of natural-gas infrastructure. Ercot ordered them to stay off for more than four days, as gas prices surged to extraordinary levels and some power plants stopped producing electricity because they couldn’t get enough fuel to function. The estimated value of the program for the five days of the blackout was about $2 billion—and participants including oil-and-gas companies earned a portion of that for turning themselves off at Ercot’s behest. Two companies petitioned Ercot for permission for idled facilities to come back sooner, the grid operator said. By the time they were allowed to restart, the crisis was nearly over. [ read more … ]

Markets

Utilities battle over future of mass-emitting coal plant

By Benjamin Storrow, E&E News  •    •  Posted 2021-05-09 15:19:25

For decades, electricity generated at a gargantuan coal plant on the Montana plains was shipped west to the growing metropolises of Portland, Ore., and Seattle. Now, the long-standing trade is on the brink of collapse. The breakdown was caused by a growing cultural divide on energy issues. Lawmakers in Oregon and Washington want to cut the cord on coal as part of a wider attempt to green their power supplies and reduce greenhouse gas emissions. Montana legislators are eager to save the carbon-intense plant and the jobs and tax revenues that come with it.
[ read more … ]

EVs

The Lithium Gold Rush: Inside the Race to Power Electric Vehicles

By Ivan Penn and Eric Lipton, photographs by Gabriella Angotti-Jones, New York Times  •    •  Posted 2021-05-09 15:18:17

Atop a long-dormant volcano in northern Nevada, workers are preparing to start blasting and digging out a giant pit that will serve as the first new large-scale lithium mine in the United States in more than a decade — a new domestic supply of an essential ingredient in electric car batteries and renewable energy. The mine, constructed on leased federal lands, could help address the near total reliance by the United States on foreign sources of lithium. [ read more … ]

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