FacebookTwitterLinkedInEmailPrint分享From the Economic Times of India:Moody’s Investors Service predicts that India will turn a power surplus country in the next 5 to 7 years as the share of solar capacities rise. It is expected to create challenges for thermal power companies including a drastic fall in their capacity utilization.“Implementing India’s aggressive renewable energy targets will be demanding,” says Terry Fanous, Moody’s Managing Director for Project and Infrastructure Finance ratings in Asia Pacific.Fanous says that in addition to managing project construction and counterparty risk issues, expansion of renewable energy financing requires a stable and predictable policy framework that supports long term investment. India has taken steps to support investment in renewable energy, and further traction in policy reform is key for the sector’s ongoing development.“Domestic banks will continue to provide significant funding for renewable energy projects, but greater funding diversity is needed, Fanous says, adding “Attracting institutional debt will clearly support development of India’s renewable energy sector,” he said.Attracting institutional debt will benefit from ongoing efforts by the government, supported by multilateral development banks (MDBs) as providers of credit.Coal-fired power capacities to come under the glare of sun, says Moody’s Moody’s: India’s Solar Expansion Will Be at Coal’s Expense
Plea for 2-Year Moratorium on U.S. Coal Plant Closings Lands With a Thud FacebookTwitterLinkedInEmailPrint分享Associated Press: The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision contrary to what one coal executive said the president personally promised him.The Energy Department says it considered issuing the order sought by companies seeking relief for plants it says are overburdened by environmental regulations and market stresses. But the department ultimately ruled it was unnecessary, and the White House agreed, a spokeswoman said.The decision is a rare example of friction between the beleaguered coal industry and the president who has vowed to save it. It also highlights a pattern emerging as the administration crafts policy: The president’s bold declarations – both public and private – are not always carried through to implementation.President Donald Trump committed to the measure in private conversations with executives from Murray Energy Corp. and FirstEnergy Solutions Corp. after public events in July and early August, according to letters to the White House from Murray Energy and its chief executive, Robert Murray. In the letters, obtained by The Associated Press, Murray said failing to act would cause thousands of coal miners to be laid off and put the pensions of thousands more in jeopardy. One of Murray’s letters said Trump agreed and told Energy Secretary Rick Perry, “I want this done” in Murray’s presence.The aid Murray sought from Trump involves invoking a little-known section of the U.S. Federal Power Act that allows the Energy Department to temporarily intervene when the nation’s electricity supply is threatened by an emergency, such as war or natural disaster. Among other measures, it temporarily exempts power plants from obeying environmental laws. In the past, the authority has been used sparingly, such as during the California energy crisis in 2000 and following Hurricane Katrina in 2005. The Obama administration never used it. The Trump administration has used it twice in seven months in narrow instances.Murray’s company is seeking a two-year moratorium on closures of coal-fired power plants, which would be an unprecedented federal intervention in the nation’s energy markets. The company said invoking the provision under the Power Act was “the only viable mechanism” to protect the reliability of the nation’s power supply.Murray told the White House that his key customer, Ohio-based electricity company FirstEnergy Solutions, was at immediate risk of bankruptcy. Without FirstEnergy’s plants burning his coal, Murray said his own company would be forced into “immediate bankruptcy,” triggering the layoffs of more than 6,500 miners. FirstEnergy acknowledged to the AP that bankruptcy of its power-generation business was a possibility.Murray urged Trump to use the provision in the Federal Power Act to halt further coal plant closures by declaring an emergency in the electric power grid.Murray’s claims raise the possibility that Trump was warned against the move by his advisers – some of whom are known to be more cautious – or that he simply made assurances to Murray to avoid immediate confrontation. Coal has become an increasingly unattractive fuel for U.S. electricity companies, which have been retiring old boilers at a record pace. At least two dozen big coal-fired plants are scheduled to shut down in coming months as utilities transition to new steam turbines fueled by cleaner-burning natural gas made more abundant in recent years by new drilling technologies.Other coal executives have urged similar government intervention to save their businesses. In a speech last week, the CEO of Peabody Energy Corp., the nation’s largest coal producer, also said a two-year moratorium on coal-plant closures was needed.More: Coal CEO Expected Trump Help, but Administration Said No
FacebookTwitterLinkedInEmailPrint分享Taiwan News:Taiwan’s largest solar power station was officially launched on July 17 in Changhua, with the 347 hectare site expected to have a total power capacity of 320 megawatts.The floating solar plant will be built on reclaimed land in Xianxi Township, Changhua County as part of a purpose-built renewable energy area.The solar facility is part of the Executive Yuan’s two year solar energy plan, which hopes to lead to national solar capacity of 1.52 gigawatts.It is expected that annual power generation of the solar plant could reach as high as 436 million kilowatt hours.In conjunction with Taiwan Power Company’s new solar power facility, the area will be the largest solar factory in Taiwan, reports suggest.The solar power station received NT$16.3 billion (US$0.534 billion) in total investment with Chenya, Hougu and Yeheng Energy winning contracts to build the facility.More: Taiwan’s largest solar power station officially launched Taiwan begins work on country’s largest solar station
FacebookTwitterLinkedInEmailPrint分享Associated Press:New York City plans to double the share of its pension fund invested in renewable energy, energy efficiency and other industries that aim to combat global warming.Mayor Bill de Blasio and city Comptroller Scott Stringer announced the new goal Thursday.Now, about $2 billion of the city’s $195 billion in pension funds is invested in what are sometimes called climate solutions. The new plan would raise that investment to $4 billion over the next three years.The mayor and comptroller, both Democrats, say the city will seek investments that do good for the environment while doing well for the funds’ returns.In another financial move aimed at fighting climate change, New York City and state announced plans last winter to divest their pension funds of fossil fuel investments.More: NYC doubling pension fund dollars in ‘climate solutions’ New York City doubles renewable energy investment
FacebookTwitterLinkedInEmailPrint分享Greentech Media:The utility’s latest integrated resource plan calls for 1,800 megawatts of solar and 920 megawatts of storage in its first five years.The Puerto Rico Electric Power Authority (PREPA) filed the latest edition of its 2019-2038 integrated resource plan late Friday. The report, prepared by Siemens, is a rework of a plan submitted in February, which Puerto Rico’s energy bureau deemed noncompliant with regulations.Though the most recent integrated resource plan (IRP) bears similarities to the previous version, the latest edition calls for higher deployment of solar and storage — which already rivaled some of the most ambitious plans for the mainland — and more flexibility associated with the natural-gas infrastructure it recommends.In the plan’s first five years, the proposed IRP states that the island should add 1,800 megawatts of solar PV and 920 megawatts of energy storage, with combined request for proposals for these technologies. Those build-outs are more ambitious than what PREPA sought in its previous plan, which called for up to 1,200 megawatts of solar and up to 900 megawatts of energy storage.Unlike a traditional IRP, PREPA has also agreed to consider several metrics such as resilience and a central role for renewables. Since PREPA’S first plan was rejected, Puerto Rico also passed a renewable portfolio standard (RPS) of 100 percent renewables by 2050, with interim targets in 2025 and 2040.In its rejection of the February plan, the island’s energy bureau, which regulates PREPA, laid out a litany of criticisms on the document’s modeling, its consideration of costs and the lack of reasoning behind the selection for eight “minigrids.” Though PREPA’s latest preferred plan comes in at a lower price tag, $14.4 billion rather than $15.2 billion, it’s unclear whether it meets the changes the bureau requested.More: Puerto Rico’s latest IRP increases solar and storage targets New PREPA resource plan targets solar and battery storage
FacebookTwitterLinkedInEmailPrint分享PV Magazine:A massive solar-plus-storag project with a $1.17 billion price tag (US$822 million) has been waved through by the South Australian government. The facility will feature 500 MW (AC) of solar PV generation capacity collocated with 250 MW/1,000 MWh of battery storage around five kilometers northeast of Robertstown.The power station will be built in stages and connected to the Robertstown substation via 275 kV transmission lines. A previous assessment has determined the facility could export energy to the grid without significant restraint, but it will potentially incorporate synchronous condensers to support reliability and security of supply.According to EPS Energy, the Robertstown project is on track to break ground in the middle of next year and generate around 275 jobs during construction and 15 or so full-time jobs once operational. When commissioned, the facility will generate enough electricity to power 144,000 homes during its 30-year life.For EPS, the Robertstown project is one of several large scale solar and battery storage schemes in its gigawatt-scale portfolio. The company’s South Australian pipeline includes the Bungama Solar project – a proposed 280 MW generation capacity and battery project near Port Pirie – and the Yoorndoo Ilga Solar project, a 200-400 MW solar capacity and battery facility near Whyalla.The Robertstown plant is one of two large scale solar and battery plans in the area, along with the Solar River Project which received development approval a year ago. That facility comprises a 200 MW solar generation plant plus 120 MWh of battery storage and is likely to add another 200 MW of solar and a further 150 MWh of battery storage in a second stage if a proposed high-voltage transmission line to Victoria goes ahead.More: South Australia gives 500 MW solar farm plus 250 MW battery plan the go-ahead South Australia government approves massive solar-plus-storage project
FacebookTwitterLinkedInEmailPrint分享Clean Energy Wire:German politicians and the country’s heavy industry have welcomed the European hydrogen strategy presented by the European Commission, which closely mirrored Germany’s own strategy published last month.The Commission paper lays down a three-step plan, which starts with construction of electrolysers to produce green hydrogen for use in industries (steel, chemicals, refineries) up until 2024, followed by the creation of local hydrogen production hotspots, which will be linked to industrial users and buildings in so-called “hydrogen valleys”, by 2030.With increasing demand, these hotspots will be joined to create the backbone of a large European hydrogen infrastructure. Lastly, clean hydrogen technologies will reach maturity and are to be utilised at a large scale in heavy industry, such as steelmaking, between 2030 and 2050.The EU wants to see at least 6 gigawatts (GW) of renewable electrolyser capacity that can produce up to 1 million tonnes of renewable hydrogen realised by 2024 and 40 GW, producing 10 million tonnes, by 2030. The German plan aims for 5 GW by 2030.By 2050, cumulative investments in renewable hydrogen in Europe could be up to 180-470 billion euros, the Commission has calculated.[Kerstine Appunn]More: EU wants to become market leader in hydrogen technologies, create 1 million jobs EU releases plan for sharp increase in green hydrogen production capacity by 2030
FacebookTwitterLinkedInEmailPrint分享Oilprice.com:It was the last of the large LNG projects that put Australia in the lead for global LNG exports. It was the biggest jewel in Shell’s LNG crown. But this jewel hasn’t produced any LNG since February, and its future is unclear.The Prelude floating liquefied natural gas project, with an annual capacity of 3.6 million tons, began shipping LNG last June. The first cargo shipped more than eight years after the final investment decision was made, and two years after the FLNG vessel arrived at the site, one Wood Mac analyst pointed out at the time. In February this year, production was stopped following a technical problem.Production at the world’s largest FLNG installation still hasn’t been restored, and it remains unclear when this will happen. Building it and putting it into operation cost between $12 and $17 billion, according to external estimates. Now, there are concerns that it may flop.The gas market situation is difficult enough. Just like in oil, there is a substantial glut in natural gas, and demand is lagging far behind. According to Rystad Energy, global natural gas output is set for a 2.6-percent decline this year because of the coronavirus pandemic. Next year, demand should begin to improve, driven by the low prices currently plaguing the sector. But that’s only if the pandemic goes away for good and without a fight, which at the moment is not happening. In this situation, it may not be that bad that Prelude is not operating at the moment. There is an oversupply of LNG, prices are low, and Shell said in a recent update that it will take a hit because its 2019 term sales contracts for LNG were tied to oil prices.That hit may be nothing compared to what Prelude may need to break even, at least according to analysts from Goldman Sachs quoted by Tim Treadgold in an article for Forbes. According to them, the commercial breakeven price for gas produced at Prelude is as much as $20 per thousand cubic feet. This compares with prices between $2 and $3 per thousand cubic feet in April in the United States. The difference is impressive, and it certainly would explain why, as Treadgold notes, Shell is in no hurry to restart operations at Prelude.Prelude is an impressive achievement, regardless of its problems. As the largest floating LNG facility in the world, it has a total capacity of 5.3 million tons of hydrocarbon liquids annually, including, besides the LNG, 1.3 million tons of gas condensate and 400,000 tons of liquefied petroleum gas. Floating LNG was to be a game-changer: boosting the efficiency of gas production by adding the processing to the place of extraction. But now it has to prove it is cost-competitive with other, more traditional approaches to LNG production.[Irina Slav]More: Shell’s big bet on floating LNG may be a flop Shell’s big bet on floating LNG may not pan out
Rules and Regulations: Package must be redeemed within 1 year of winning date. Entries must be received by mail or through the www.blueridgeoutdoors.com contest sign-up page by 12:00 noon EST on July 15th, 2013. One entry per person. One winner per household. Sweepstakes open only to legal residents of the 48 contiguous United States and the District of Columbia, who are 18 years of age or older. Void wherever prohibited by law. Families and employees of Blue Ridge Outdoors Magazine and participating sponsors are not eligible. No liability is assumed for lost, late, incomplete, inaccurate, non-delivered or misdirected mail, or misdirected e-mail, garbled, mistranscribed, faulty or incomplete telephone transmissions, for technical hardware or software failures of any kind, lost or unavailable network connection, or failed, incomplete or delayed computer transmission or any human error which may occur in the receipt of processing of the entries in this Sweepstakes. By entering the sweepstakes, entrants agree that Blue Ridge Outdoors Magazine, Abingdon, Va., Wolf Hills Brewing Company, Old Hill Cider, A. Smith Bowman, and the Nelson County Brew Ridge Trail reserve the right to contact entrants multiple times with special information and offers. Blue Ridge Outdoors Magazine reserves the right, at their sole discretion, to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the Sweepstakes. Winners agree that Blue Ridge Outdoors Magazine and participating sponsors, their subsidiaries, affiliates, agents and promotion agencies shall not be liable for injuries or losses of any kind resulting from acceptance of or use of prizes. No substitutions or redemption of cash, or transfer of prize permitted. Any taxes associated with winning any of the prizes detailed below will be paid by the winner. Winners agree to allow sponsors to use their name and pictures for purposes of promotion. Sponsors reserve the right to substitute a prize of equal or greater value. All Federal, State and local laws and regulations apply. Selection of winner will be chosen at random at the Blue Ridge Outdoors office on or before July 30th, 6:00 PM EST 2013. Winners will be contacted by the information they provided in the contest sign-up field and have 7 days to claim their prize before another winner will be picked. Odds of winning will be determined by the total number of eligible entries received. Enter our Virginia Spirits Guide Giveaway to win!Our prize package includes:Two tasting glasses and a t-shirt from from Wolf Hills Brewing Company, AbingdonTwo wine glasses, an Abingdon t-shirt, and a corkscrew from Heartwood Artisan Center, AbingdonA t-shirt, bottle topper, and two glasses from Old Hill Cider, TimbervilleTwo tasting glasses, a t-shirt, coaster, key chain, and six distillery tour tickets from A. Smith Bowman, FredericksburgTwo t-shirts and a Crazy Creek Hex 2.0 chair from the Nelson, Va. Brew Ridge TrailTHIS CONTEST IS NOW CLOSED! THANKS TO ALL WHO ENTERED AND PLEASE CHECK OUT ALL OUR OTHER GREAT GIVEAWAYS.
After 46 days and roughly eight hours, legendary ultramarathoner Scott Jurek has achieved his goal of setting the Appalachian Trail speed record—previously held by BRO contributor Jennifer Pharr Davis.Scott reached the summit of Khatadin shortly after 2 P.M. today, just a few hours ahead of his 5:15 P.M. cut-off time.Jurek began his quest to take down the supported AT speed record back on May 27 at the trail’s southern terminus atop Springer Mountain, Georgia.Early in his journey he sustained injuries to his knee and then his quad that many thought might derail his historic run at the record.Blue Ridge Outdoors Magazine Editor in Chief, Will Harlan joined Jurek for a few days in the Smoky Mountains of North Carolina.“It’s hard to stay healthy for 50 days of mega-mileage, especially on rocky, muddy, messy trail. Blisters and foot rot are common. Rugged terrain with few switchbacks inevitably leads to muscle and ligament tears. Jurek has been dealing with all of these things over the past six weeks,” Harlan told Elevation Outdoors Editor Doug Schitzspahn in an article for National Geographic. “I don’t know how he has hobbled 2,000 miles on a torn quad. It shows how mentally tough he is. He is the king of pain.”Photo by Luis Escobar Harlan’s sentiments about Jurek’s unusually high pain threshold have been echoed by many and were a central tenet in Chris Mcdougall’s bestselling book Born to Run, which profiled several key figures in the ultrarunning world.His story was cemented in the pantheon of long distance running elites long before this latest record-setting performance. From 1998 to 2005, Jurek won the Western States 100-mile Endurance Run, making him the longest running consecutive winner in the storied event’s history. The same year he won his last Western States, Jurek toppled the speed record of the infamous Badwater 135—a grueling 135 mile foot race through California’s Death Valley—after collapsing from heat exhaustion near the halfway point.Stay tuned to BlueRidgeOutdoors.com for upcoming stories about Scott Jurek’s monumental achievement on the Appalachian Trail.