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Three-Quarters of New US Generating Capacity in 2020 Will Be Renewable, EIA Says

GreenTechMedia

Energy Information Administration has confirmed what it and industry watchers predicted a year ago—that wind and solar power will expand on their already-large share of new U.S. EIA’s numbers also break records for both wind and solar in terms of annual capacity additions. generation capacity in 2020.

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How NextEra Overtook ExxonMobil As The Largest U.S. Energy Company

R-Squared Energy

If you had invested in Florida-based utility NextEra Energy a decade ago, your total return through this week, including dividends, would have been 600%. In contrast, if you had invested in ExxonMobil a decade ago, you have seen the share value decline by half. NextEra’s dividend is considered as safe as an investment-grade bond.

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New York?s Energy Transition (and Challenges) in 5 Charts

GreenTechMedia

That leaves a massive gap to be filled by clean energy, since more than half of the state’s carbon-free emissions today come from nuclear power, as shown in the chart below. Larger-scale transmission projects aimed at carrying Canadian hydropower and wind power downstate, such as the $2.2 Source: NYISO.

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'Our seas hold immense potential': PM unveils ÂŁ160m offshore wind investment

Business Green

Boris Johnson is set to cast a major vote of confidence in the UK's flourishing offshore wind sector tomorrow in a bid to help the country "build back greener", confirming a higher target for 40GW of capacity by 2030, backed by £160m investment towards state-of-the-art turbine manufacturing.

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Study: 108GW of offshore wind and 140GW of storage needed to deliver net zero electricity grid by 2035

Business Green

The UK's windy weather means that offshore wind energy, backed by energy storage, provides the best value route to a decarbonised grid, the report concludes, arguing that solar power is set to play a relatively "small role" in the transition to a zero-emission UK energy system.

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'Our seas hold immense potential': PM pledges to power all UK homes with offshore wind by 2030

Business Green

Boris Johnson trails first stage in '10-point plan' for a green industrial revolution, as government confirms new ÂŁ160m wind turbine manufacturing investment. So we are committing to new ambitious targets and investment into wind power to accelerate our progress towards net zero emissions by 2050.

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Subsidies to biomass plant in Teesside must be stopped says environmental coalition

Envirotec Magazine

By comparison, the CfD awarded to Hinkley Point C nuclear power station is £106.12/MWh. The most recent CfD auction for offshore wind resulted in a strike price of £46/MWh – one-third of the cost of the MGT Teesside’s award in today’s prices. Unlike cheap wind and solar power, biomass?power

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