Report: Investment in Renewables Hit Record High in 2019

Credit to Author: Darrell Proctor| Date: Thu, 16 Jan 2020 19:33:18 +0000

The post Report: Investment in Renewables Hit Record High in 2019 appeared first on POWER Magazine.

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

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10 Power Sector Insights from the IEA’s World Energy Outlook 2019

Credit to Author: POWER| Date: Thu, 02 Jan 2020 05:00:00 +0000

The post 10 Power Sector Insights from the IEA’s World Energy Outlook 2019 appeared first on POWER Magazine.

The International Energy Agency’s (IEA’s) November 2019–released World Energy Outlook 2019 (WEO2019) is studded with interesting findings about emerging trends in the power sector. Here are 10 from the

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Why the 2010s Were a Definitive Decade for Power

Credit to Author: Sonal Patel| Date: Thu, 02 Jan 2020 04:03:12 +0000

The post Why the 2010s Were a Definitive Decade for Power appeared first on POWER Magazine.

Every one of the 13 decades that POWER magazine has been in print has been definitive for electric generation technology, policy, and business in some significant way, but few have been as transformative as the 2010s. The decade opened just as the global economy began to crawl toward recovery from a historically unprecedented downturn that […]

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Recruiting the New Power Workforce [PODCAST]

Credit to Author: Aaron Larson| Date: Thu, 19 Dec 2019 14:54:10 +0000

The post Recruiting the New Power Workforce [PODCAST] appeared first on POWER Magazine.

It’s a time of great transition in the power industry. Not only are generation resources changing, but so are the work skills needed to operate and maintain those resources. Meanwhile, a large number of workers are reaching retirement age, leaving open positions that had long been filled by highly experienced staff. And the talent pool […]

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Hydropower Industry Launches Major International Project to Demonstrate Flexibility

Credit to Author: Sonal Patel| Date: Wed, 11 Dec 2019 14:15:32 +0000

The post Hydropower Industry Launches Major International Project to Demonstrate Flexibility appeared first on POWER Magazine.

In a new attempt to secure a concrete role for the international hydropower industry within the decarbonization movement, several utilities, equipment manufacturers, universities, research centers, and consultancies have scaffolded to demonstrate how modern hydropower plants can provide flexibility to markets that are increasingly inundated by variable generation like wind and solar. On Dec. 10, the […]

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Is Carbon Pricing the Key to a Clean Energy Future? [PODCAST]

Credit to Author: Aaron Larson| Date: Wed, 04 Dec 2019 14:37:30 +0000

The post Is Carbon Pricing the Key to a Clean Energy Future? [PODCAST] appeared first on POWER Magazine.

The New York Independent System Operator (NYISO) has proposed incorporating the social cost of carbon into the wholesale price of electricity. According to an October-released study conducted by the consulting firm Analysis Group, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, cheaper, more reliable, more […]

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Renewable Power Generation on Rise in Turkey

Credit to Author: POWER| Date: Mon, 02 Dec 2019 05:00:00 +0000

The post Renewable Power Generation on Rise in Turkey appeared first on POWER Magazine.

The market for renewable energy in Turkey has been growing since the country enacted a “Renewable Energy Law” in 2005. Progress has been steady and has ramped up in recent years after renewable energy

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What’s Driving Wholesale Power Price Changes? Not What You Think

Credit to Author: Sonal Patel| Date: Wed, 27 Nov 2019 15:10:43 +0000

The post What’s Driving Wholesale Power Price Changes? Not What You Think appeared first on POWER Magazine.

Falling natural gas prices tamped down annual U.S. wholesale power prices over the last decade by $7/MWh to $53/MWh—to a much higher degree compared to the impact of wind and solar growth—a new report from Lawrence Berkeley National Lab (LBNL) suggests.  The Nov. 20–published report, The Impact of Wind, Solar, and Other Factors on Wholesale Power […]

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‘GREEN Act of 2019’ Extends Tax Credits for Renewables

Credit to Author: Darrell Proctor| Date: Tue, 19 Nov 2019 18:41:57 +0000

The post ‘GREEN Act of 2019’ Extends Tax Credits for Renewables appeared first on POWER Magazine.

The Ways and Means Committee of the U.S. House of Representatives on Nov. 19 released a draft tax package for clean energy projects that includes a five-year extension of the 30% solar Investment Tax Credit (ITC), along with new incentives for energy storage. The legislation also supports incentives for electric vehicles (EVs), offshore and onshore […]

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Ritter’s Message: Market Forces Drive Growth in Distributed Generation

Credit to Author: Darrell Proctor| Date: Thu, 31 Oct 2019 16:26:07 +0000

The post Ritter’s Message: Market Forces Drive Growth in Distributed Generation appeared first on POWER Magazine.

Market forces are playing as much if not more of a role than regulatory policy in the transition from fossil-fueled power generation to renewables, as utilities in the U.S. and worldwide establish decarbonization goals. That was the message from Bill Ritter Jr., former governor of Colorado, during his keynote address at POWER’s Distributed Energy Conference […]

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