Rhode Island Targets 100% Renewables Procurement by 2033

Credit to Author: Sonal Patel| Date: Thu, 23 Jun 2022 12:58:56 +0000

Legislation passed in Rhode Island will commit the state to procure 100% of its electricity from renewable energy sources by 2033. If Gov. Daniel McKee, as expected, signs the bill into law, the Ocean State could have the nation’s fastest timeline for a 100% renewables procurement. The New England state’s legislature on June 17 approved […]

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ITC Probing Economic Impact of Renewable Goals, Imports to New England

Credit to Author: Sonal Patel| Date: Wed, 19 Feb 2020 13:28:09 +0000

The post ITC Probing Economic Impact of Renewable Goals, Imports to New England appeared first on POWER Magazine.

Responding to a request from a Democrat-led U.S. House committee, the federal International Trade Commission (ITC) is investigating how New England’s increasing renewable targets are economically affecting the region, and what role renewable imports play in meeting those commitments. The ITC, an independent, nonpartisan and quasi-judicial federal agency that also provides fact-finding as it relates […]

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Moody’s: Carbon Concerns Denting Merchant Coal Refinancing Prospects

Credit to Author: Sonal Patel| Date: Thu, 17 Oct 2019 14:37:42 +0000

The post Moody’s: Carbon Concerns Denting Merchant Coal Refinancing Prospects appeared first on POWER Magazine.

Environmental, social, and governance (ESG) risks are diminishing the number of potential investors in U.S. merchant coal projects, and that is putting more pressure on already squeezed coal plant economics, Moody’s Investors Service said in a new sector report.   The U.S. merchant coal plants, which are already grappling with persistently low power prices that […]

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THE BIG PICTURE: Renewable Portfolio Standards

Credit to Author: Tracey Lilly| Date: Tue, 03 Sep 2019 04:00:14 +0000

As of August 2019, 29 U.S. states and the District of Columbia had renewable portfolio standards (RPSs), and eight others had non-binding renewable portfolio goals. Three states also had clean energy standards, which set targets for low-carbon non-renewables, like nuclear, and two had clean energy goals. Shown in the bars are the shares of generation by source for […]

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Health Benefits Of Renewable Energy Far Outweigh The Costs, Say MIT Researchers

Credit to Author: Steve Hanley| Date: Fri, 16 Aug 2019 16:18:40 +0000

A study by MIT claims the health benefits that result from converting to renewable energy are greater than the cost of installing wind and solar projects. So why is the US government deliberately putting its citizens at risk?

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PJM Will Hold Capacity Auction Under Current Rules in August

Credit to Author: Sonal Patel| Date: Wed, 10 Apr 2019 21:52:23 +0000

PJM Interconnection said it will hold its 2022–2023 capacity auction under current market rules on Aug. 14, 2019, though the Federal Energy Regulatory Commission (FERC) has yet to issue a decision on the grid operator’s plan to revamp its Minimum Offer Price Rule (MOPR). In an April 10 filing, however, PJM asked FERC to clarify that […]

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China Sets a New Renewable Portfolio Standard

China in mid-September increased its renewable portfolio standard (RPS) to 35% of electricity consumption by 2030. The country has already heavily invested in wind and solar, and it anticipates more gains will

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California Assembly Passes 100% Renewables Mandate

Lawmakers in California’s Assembly on August 28 cleared a key vote on a bill that would require the state to obtain 100% of all retail electricity sales from renewable and zero-emissions resources by 2045.  The state’s Assembly voted 43–32 in favor of SB 100. The bill, which now heads to the state Senate for a […]

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