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Governors' Wind Energy Coalition

June 3, 2021

Top Story

The smartest way to finance clean energy that you’ve never heard of

By Ella Nilsen, Vox  •    •  Posted 2021-06-03 14:47:26

In the United States, financing infrastructure and clean energy projects is often contingent on the quirks of partisan dealmaking in Congress. But there may be a better way. A green bank model has been successful in several other countries. The United Kingdom’s green bank funded much of its offshore wind boom before the government sold it in 2017. (The current UK government is exploring bringing it back.) Through Australia’s green bank, the largest in the world, the country has invested in wind, solar, and hydrogen development in addition to financing the construction of energy-efficient homes.
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Wind Energy

Orsted plans $57 bln drive to be No.1 in green energy

By Tim Barsoe and Stine Jacobsen, Reuters  •    •  Posted 2021-06-03 14:45:44

Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition. The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at limiting global warming. [ read more … ]

States

Maine’s governor has reservations about buyout of utilities

By Associated Press  •    •  Posted 2021-06-03 14:44:51

Maine Gov. Janet Mills said Wednesday she has reservations about a proposal to replace the state’s two biggest power companies with a consumer-owned electric utility. Mills, a Democrat, told Maine Public that the bill presents “a rosy solution to a very complicated series of problems.” The proposal by Democratic Rep. Seth Berry would create an independent nonprofit organization called Pine Tree Power Company to replace Central Maine Power and Versant. The Energy, Utilities and Technology Committee voted 9-2 in favor of the proposal on Tuesday. [ read more … ]

Wyoming to house first-of-its-kind advanced nuclear project replacing coal plant

By Abby Smith, Washington Examiner  •    •  Posted 2021-06-03 14:48:23

Bill Gates’s TerraPower will build an advanced nuclear reactor demonstration project at a retiring coal plant in Wyoming, the state’s governor announced Wednesday, a significant milestone for the budding zero-carbon technology. “Nuclear power is clearly a part of my all-of-the-above strategy for energy in Wyoming,” Gov. Mark Gordon, a Republican, said when announcing the demonstration project. “This plant will be the first of a new generation of nuclear plants that are smaller, modular in design and are equipped with enhanced safety measures.”
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California’s renewable natural gas vehicles turn carbon negative in 2020

By Laura Sanicola, Reuters  •    •  Posted 2021-06-03 14:48:36

Vehicles in California running on renewable natural gas removed more carbon dioxide from the atmosphere than they emitted for the first time last year as the carbon intensity of the fuel continues to drop, according to new data from California’s Air Resources Board (CARB) analyzed by an industry trade group. California adopted measures to decrease the carbon intensity of its transportation sector more than a decade ago, part of a wider scheme to cut greenhouse gas emissions in the state. [ read more … ]

Car Rule

California urges EPA to let state set car-emissions standard

By MATTHEW DALY, Associated Press  •    •  Posted 2021-06-03 14:46:01

Officials from California, New York and other states urged the Environmental Protection Agency on Wednesday to allow California to set its own automobile tailpipe pollution standards, an action that would reverse a Trump administration policy and could help usher in stricter emissions standards for new passenger vehicles nationwide. The Biden administration has said it will withdrew Trump-era restrictions on state tailpipe emission rules and has moved to grant California permission to set more stringent pollution standards for cars and SUVs. That would give California greater leverage in discussions with automakers as states and federal officials seek a climate-friendly agreement on emissions standards. [ read more … ]

FERC

Clean energy advocates bring lawsuit to roll back FERC’s latest PURPA rules

By WILLIAM DRISCOLL, PV Magazine  •    •  Posted 2021-06-03 14:45:24

The Montana Environmental Information Center and nine other solar and environmental groups have challenged in federal court the Federal Energy Regulatory Commission’s (FERC’s) recent rulemaking on PURPA that they said “effectively guts” the law’s implementation. The Solar Energy Industries Association (SEIA) filed a separate petition. [ read more … ]

Capacity prices down 64% in PJM’s first auction in three years

By Jared Anderson, S&P Global  •    •  Posted 2021-06-03 14:46:22

PJM Interconnection’s 2022-23 capacity market auction cleared at some of the lowest levels in auction history with the RTO price clearing at $50/MW-day due to a lower load forecast, lower offer prices from resources and other factors, the grid operator said June 2. The RTO clearing price of $50/MW-day represents a 64% decrease from the last auction clearing price of $140.00/MW-day.
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Note: News clips provided do not necessarily reflect the views of coalition or its member governors.