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Utility-scale solar growth in Texas likely to force out remaining coal plants
ERCOT’s 14,000 MW of remaining coal capacity could be forced into retirement, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). That is due in large part to large amount of new utility-scale solar capacity coming online, following years of new wind development. Solar capacity in ERCOT has increased […]
Dominion Energy completes Virginia offshore wind pilot project
Dominion Energy has completed its 12 MW pilot offshore wind project off the coast of Virginia, consisting of two Siemens Gamesa 6 MW turbines. The project is expected to be connected to the grid later in summer, following testing. The permitting, design, installation, and operations experience from the pilot will allow Dominion to move forward […]
Wind capacity additions set a new record
The United States set a new record with the addition of 2,617 MW of wind capacity during Q1 2020. According to S&P Global Market Intelligence, installed wind capacity in the United States now exceeds 107,000 MW. This represents a sizable increase compared to the 61,500 MW of installed wind capacity as of Q1 2014. New […]
Renewable energy consumption in US exceeds coal for the first time since 1880
2019 saw the United States consume more energy from renewable power sources than coal for the first time in over 130 years, according to the EIA. This is a result of continued growth of renewables like wind and solar and continued declines in the use of coal for electricity generation. Coal consumption fell 15% from […]
Renewable energy tax credit window extended
The U.S. Treasury Department and the Internal Revenue Service extended the renewable energy tax credit window on Wednesday May 27th. As a result, renewable energy facilities will have more time to qualify for production tax credits (PTCs) and investment tax credits (ITCs). The plan extends the Continuity Safe Harbor for projects that began construction in […]
US rig count lowest on record
The number of active oil and natural gas drilling rigs in the United States reached an all-time low on May 15th, when there were 258 oil rigs 79 gas rigs, according to Baker Hughes data. Baker Hughes has been tracking rig counts since 1987. Oil rigs saw the steepest decline, due to a sharp decrease […]
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