FirstEnergy, based in Ohio, USA, has announced that its decision to sell or close power plants that operate in competitive markets has forced it to impair a significant portion of its portfolio, and led to a $6.2 billion loss in 2016.
Southwest Power Pool (SPP) in the USA has set a wind power penetration record of 52.1 per cent on 12 February, becoming the first regional transmission organisation (RTO) in North America to serve more than 50 per cent of its load at a given time with wind energy.
Sulphur dioxide (SO2) emissions produced at power plants in the USA declined by 73 per cent from 2006 to 2015, a much larger reduction than the 32 per cent decrease in coal-fired generation over the same period, according to a recently released report from the US Energy Information Administration (EIA).
NuScale Power, based in Oregon, USA, has asked the Nuclear Regulatory Commission to approve the company’s small modular reactor commercial plant design.
Solar industry employment in the USA rose by over 73,000 jobs (+ 25 per cent) in 2016, and the nation’s wind industry added 25,000 jobs, according to the US Department of Energy (DOE).
Renewables lead as electricity sector investments hit record high ■ Transmission operations at centre of ABB review ■ US offshore wind strategy targets 86 GW ■ Asia climate goals call for over $7 trillion investment ■ Batteries find a home after EFR tender ■ Record low bids submitted for Abu Dhabi solar project ■ Vattenfall hits record low with wind tender ■ Areva seals Adwen’s future
Andreas Wade, Global Director, First Solar
In recent months, news about the solar energy industry was dominated by headlines describing record-breaking tariffs, reflecting the fast declining price of solar electricity. And while the focus has been on the attractive economics of utility-scale solar, it is often taken for granted that solar energy is inherently environmentally sustainable and that its carbon credentials don’t require scrutiny.
Andy Dewis, VP energy and sustainability services, Schneider Electric
With the ongoing dip in crude oil prices, it is natural to assume that utility prices would follow a similar, downward trajectory. Yet electricity prices remain stagnant.
By Henrik Poulsen, CEO, DONG Energy
More than 80 per cent of the world's energy supply comes from coal, oil and gas. There is a general consensus that CO2 emissions place a strain on our climate, yet our inability to set a proper price on these emissions means that it is still far too cheap to pollute. The costs of our inaction are already all too clear. At current emissions rates, the UN's Intergovernmental Panel on Climate Change expects that global temperatures will rise by two degrees compared to pre-industrial levels, even before 2040.