The Bureau of Ocean Energy Management on May 30 published a final environmental assessment of the potential effects of offshore wind leasing in the Gulf of Mexico. This represents a significant milestone in the prospect of the region’s inaugural offshore wind lease sale and is in-line with the objective of the Biden administration to achieve…...
The U.S. Interior Department has detailed its progress on the development of two renewable energy transmission projects, namely Greenlink West transmission project and Greenlink North transmission project in Nevada. These projects together are expected to help connect approximately 8 gigawatts of renewable energy to the Western grid. The Bureau of Land Management has commenced the…...
The thirty-fifth quarterly carbon auction held by California and Quebec sold all of the nearly 56.08 million carbon permits offered for current emissions at a price of $30.33 per allowance, above the floor price of $22.21, according to the results released on May 25 by the California Air Resources Board. The settlement price is nearly…...
The U.S. Environmental Protection Agency on May 11 proposed new rules to limit carbon dioxide emissions from fossil fuel-fired power plants, with emission limits phasing in over the next decade. The proposed standards rely on carbon capture and sequestration, low-emission hydrogen co-firing, and natural gas co-firing technologies to achieve emissions reductions. Starting in 2030, the…...
The first auction of greenhouse gas allowances under Washington’s cap-and-invest program generated $299.9 million, according to a March 28 press release from the state’s Department of Ecology. The auction, held on Feb. 28, sold nearly all of the 6.2 million allowances that were offered at a settlement price of $48.50, more than double the floor…...
The National Offshore Wind Research and Development Consortium on Jan.23 published a report highlighting how the U.S. can create a robust and reasonable domestic supply chain necessary for the U.S. to achieve the national offshore wind target of 30 gigawatts by 2030. The report highlights the need for domestic supply chain, local workforce and energy…...
New Jersey Governor Phil Murphy on Jan. 23 announced that the process of updating the state’s Energy Master Plan, or EMP, has begun and will be released in 2024. The EMP serves as New Jersey’s blueprint to attain 100 percent clean energy by 2050. The new EMP will incorporate the state’s updated climate goals and…...
Electricity generation from wind and solar energy are projected to account for 16 percent of total U.S. generation in 2023, double the level of 8 percent in 2018, according to the U.S. Energy Information Administration. On the other hand, the share of coal and natural gas generation are expected to fall to 18 percent and…...
The New York Independent System Operator has completed final interconnection studies for 27 new solar, wind, energy storage, and energy transmission expansion projects totaling 7.4 gigawatts, according to a Jan. 13 press release. This brings the projects closer to commercial operation, supporting the state’s efforts to accomplish the clean energy directives of the 2019 Climate…...
The U.S. Energy Information Administration (EIA) projects retail gasoline and diesel prices to decrease in 2023 and 2024, following record highs during the first six months of 2022. The expected price decline can be attributed to projections of lower demand expansion for diesel and motor gasoline, due to high production costs and high inflation. The…...
The U.S. trading hubs’ average wholesale electricity prices increased in 2022 compared with 2021 on account of extreme weather conditions and the limited supply of coal to replace higher-priced natural gas, according to a Jan. 10 report from the U.S. Energy Information Administration. Extreme weather and manpower shortages in the railroad and coal mine industries…...
The New York State Office of Renewable Energy issued siting permits for three solar projects that have a combined capacity of 309 megawatts. These projects are expected to spur more than $458 million in capital investment and create more than 460 jobs in development, construction, as well as operations and maintenance. Once operational, these projects,…...
