Cheap renewables shave $10 trillion off cost to curb warming

by Brian Parkin, Bloomberg The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said. The group known as Irena revised down its estimates for global investments needed by 2050 in clean […]

‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

by Damian Carrington, Grist Norway’s $1 trillion oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. Other national funds built up from oil profits are also thought to be […]

Oil-soaked Texas turns to solar for economic reasons

by Brian Eckhouse and Chris Martin, Bloomberg Texas, home to the world’s largest oil reserve and America’s biggest source of coal-fired power, is on the verge of a clean-energy boom. Wind already supplies about 15 percent of Texas’s electricity, and now developers are about to quadruple the state’s solar capacity, adding enough panels by 2022 […]

Europe stores electricity in gas pipes

by Peter Fairley, Scientific American Last month Denmark’s biggest energy firm, Ørsted, said wind farms it is proposing for the North Sea will convert some of their excess power into gas. Electricity flowing in from offshore will feed on-shore electrolysis plants that split water to produce clean-burning hydrogen, with oxygen as a by-product. That would […]

Florida utility plans world’s largest battery combined with solar

by Tom Kenning, Energy Storage Major US utility Florida Power & Light Company (FPL) is planning to build the world’s largest battery energy storage system adjacent to an existing solar power plant, with plans to roll out multiple other storage systems across the state. With the key proposed battery standing at 409MW capacity, the Florida […]

The race to build the world’s largest solar-storage plant is on

by Jim Efstathiou Jr, Bloomberg Last year, a company won a contract to build a 65-megawatt solar and battery farm in Arizona. A month later, the Saudis came out with a $200 billion plan to build the world’s biggest battery-backed solar farm by 2030. Then a firm proposed a nearly 500-megawatt solar-storage site in Texas’s […]

New wind and solar power is cheaper than existing coal in much of the U.S., analysis finds

by Dan Gearino, InsideClimate News Not a single coal-fired power plant along the Ohio River will be able to compete on price with new wind and solar power by 2025, according to a new report by energy analysts. The same is true for every coal plant in a swath of the South that includes the […]

Don’t let PG&E’s perfectly good bankruptcy go to waste

By Mark Ferron and Lorenzo Kristov, San Francisco Chronicle California has the will, the ability and the technologies to dramatically cut greenhouse gas emissions and create resilient communities across the state. But Pacific Gas and Electric Co.’s structure and regulatory framework are barriers to California’s clean energy future. Because they were designed for a top-down, […]

New Mexico Senate passes 100% carbon-free electricity target

by Julian Spector, Greentech Media New Mexico has joined the drumbeat of states pushing for a transition to clean electricity. The state Senate passed the Energy Transition Act (SB 489) late Wednesday night in a 32-9 vote. The ETA would impose a “zero carbon” electricity standard on public utilities by 2045. The bill also ramps […]

To save lobsters, Maine piles into states eyeing 100% renewables

by Chris Martin, Bloomberg Maine, warning that global warming is a threat to its lobsters, just joined the growing chorus of states pledging to get all of their electricity from renewable energy sources. In setting a goal of sourcing all of Maine’s power from renewable energy resources by 2050, Governor Janet Mills is aligning the […]