Hydro

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Renewables Provide 23% Of US Electrical Generation, As Wind, Solar Grow Rapidly

According to the U.S. Energy Information Administration (EIA); renewables provided 23% Of US electrical generation in 2016, as wind and solar surged with an increase of 23%. Electrical generation by coal dropped by 8.30% and that from petroleum liquids & coke plummeted by 15.37%. (Solar-generated electricity is now more than double that from petroleum sources.) Electrical output attributable to natural gas and other gases increased by just 3.47% while growth in the nuclear power sector was an anaemic 1.02%. Beyond solar, wind, and hydro; geothermal also posted an impressive increase of 9.41% in 2016.

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Tata Commissions Solar And Wind Projects, Strengthens Position In India

Speaking on this, Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, “With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power’s aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities.”

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Enel Signs $115m USD Loan Agreement To Promote Renewable Investments In Brazil

The Enel Group and the Brazilian Development Bank, the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around $115m USD to promote renewable investments. The funding will also cover part of the investment required to build the recently inaugurated 102 MW Apiacas hydropower cluster, located in the state of Mato Grosso in Brazil’s Central-West Region. “We’re extremely pleased with the outcome of this transaction, which is a testament to the solidity of our Brazilian business,” said Francesco Venturini, Enel’s Head of Global Renewable Energies.

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US, Canada Boost MIT Research On Clean Energy Sources Of Electricity

Hydro-Québec has announced it will provide a total of CA$100,000 over a 2-year period to research spearheaded by the MIT climate change think tank, Ouranos, located in Montréal, and the business school HEC Montréal, also in Montreal. The agreement provides for the development and implementation of a vital modeling tool that will be available for climate change researchers. The tool focuses on Québec and New England and will seek to identify opportunities for optimal expansion of renewable energy sources in the two regions, including expanded trade in electricity.

H2O Power Surges With Acquisition of 31MW Hydroelectric Facilities In PJM Market

The Allegheny 8 & 9 facilities have a 31.5MW capacity located on the Allegheny River in Armstrong and Indian Counties, Pennsylvania, within the Pennsylvania-Jersey-Maryland known (PJM) Interconnection. The assets are interconnected into the New York Independent System Operator in the PJM Interconnection Power Market. The capacity and energy generated by the Allegheny 8 & 9 facilities are sold to New York State Electric & Gas Corporation under a long-term power purchase agreement.

FERC Awards Licences to FFP New Hydro for $100m Muskingum River Projects

The four projects have a combined generating capacity of 15MW. FFP New Hydro also has final license applications pending for two more projects on the Muskingum River. The projects represent an investment of more than $100 million and each project will create 100 to 150 jobs during construction as well as continued service employment during operations. Clean, reliable electricity from the projects will power over 7,500 homes and businesses as a long term resource for the region.