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Connect with partners and peers while learning about the complex issues facing public power utilities.
Distributed Energy Resources
The U.S. wind market will add 14.6 gigawatts of capacity in 2020, Wood Mackenzie said. It forecasts that the U.S. will add 12.3 GW of wind power in 2021, before bottoming out at 5.9 GW in 2024.
Distributed Energy Resources
The Connecticut Department of Energy and Environmental Protection is seeking proposals for up to 2,000 MW of offshore wind. The recent solicitation comes against the backdrop of several other states, including New York, Rhode Island and New Jersey, also moving to procure offshore wind supplies.
Distributed Energy Resources
California community choice aggregator Monterey Bay Community Power has signed a memorandum of understanding under which the CCA would enter into long-term power purchase agreements for approximately 1,000 megawatts of energy from an offshore wind project. Another California CCA, the Redwood Coast Energy Authority, is pursuing plans for a commercial floating offshore wind farm.
Distributed Energy Resources
Austin Energy now has 1,795 megawatts of wind power under contract after the Texas public power utility reached an agreement under which it will receive up to an additional 200 MW of wind power.
Bonds and Financing
Fitch Ratings has upgraded bonds issued by the Berkshire Wind Power Cooperative Corporation (BWPCC) from A+ to AA-.
Power Sources
Environment
New York Governor Andrew Cuomo announced the selection of contractors for two offshore wind projects with a combined capacity of 1,700 MW, the first in the state’s goal of developing 9,000 MW of offshore wind by 2035.
Distributed Energy Resources
Decarbonizing the U.S. power sector by 2030 faces major challenges — a $4.5 trillion price tag, a redesign of the power sector and pressure on the renewable energy supply chain — but it can be done if the timeline is extended, according to Wood Mackenzie, a consulting firm.
Power Sources
Among the recommendations included in a final Tennessee Valley Authority integrated resource plan is the addition of up to 2,400 megawatts of storage by 2028, between 1,500 and 8,000 MW of solar by 2028 and up to 500 MW of demand response by 2038, depending on availability and cost of the resource.
Power Sources
In April 2019, U.S. monthly electricity generation from renewable sources exceeded coal-fired generation for the first time based on Energy Information Administration data, EIA reported on June 26.