Monday, July 10, 2017

Report: Renewables will be cheapest form of new generation worldwide by 2020

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Subject: Report: Renewables will be cheapest form of new generation worldwide by 2020
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Report: Renewables will be cheapest form of new generation worldwide by 2020 | High costs, logistics impede US offshore wind growth, say observers | Opinion: Iowa must continue to pursue wind development
Created for aquarianm@gmail.com |  Web Version
July 10, 2017
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Industry Update
Report: Renewables will be cheapest form of new generation worldwide by 2020
Renewables like wind and solar will likely become "the cheapest form of new-power generation across the globe" by 2020, regardless of the Trump administration's agenda, according to a report from Morgan Stanley. "By our forecasts, in most cases favorable renewables economics rather than government policy will be the primary driver of changes to utilities' carbon emissions levels," said the report.
Quartz (7/9) 
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High costs, logistics impede US offshore wind growth, say observers
Seventeen offshore wind farms with a combined capacity of 9.1 gigawatts are proposed in the US, but high costs, logistical issues and other challenges remain, observers say. Developers are optimistic that as the industry begins to grow, costs and other problems will decline, just as they did in Europe.
The Wall Street Journal (tiered subscription model) (7/9) 
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Opinion: Iowa must continue to pursue wind development
Opinion: Iowa must continue to pursue wind development
(Pascal Guyot/AFP/Getty Images)
Wind is an important economic driver for Iowa that must be pursued, and the unfounded concerns of critics, must be rejected, writes Steve Warnstadt, a government affairs coordinator for Western Iowa Tech Community College. "Wind is a resource we can and should continue to maximize to give us greater self-sufficiency," he writes.
Sioux City Journal (Iowa) (7/9) 
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Project Focus
Minn. PUC clears path for 7 Xcel wind farms
The Minnesota Public Utilities Commission has approved Xcel Energy's proposal to build seven wind farms with a combined capacity of 1.55 gigawatts in Minnesota, Iowa, and North and South Dakota. "These projects deliver on our plan to keep energy costs low while also reducing carbon emissions by more than 60% in the coming decades," said Chris Clark, president of Xcel Energy for Minnesota, South Dakota and North Dakota.
North American Windpower online (7/7),  ReNews (UK) (7/10) 
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Invenergy wraps up financing in 300-MW Texas project
Invenergy Renewables has secured financing for its 300-megawatt, 120-turbine Santa Rita project in Texas' Reagan, Crockett and Irion counties, according to the company. "Santa Rita adds to our growing portfolio in Texas, where we have developed more than two and a half gigawatts of energy generation," said President and Chief Operating Officer Jim Murphy.
ReNews (UK) (7/7) 
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Webinar 7/11: ROI, Aconex, & Burns & McDonnell
Burns & McDonnell will share tips on achieving project performance results, while Aconex discusses ROI examples and how to use processes & tools for successful project delivery. Hear industry study findings & get a sneak peek into the future of project controls. Register for the webinar here.
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Economy, Energy & Trends
Greenpeace: Renewables will be cheaper than fossil fuels in G-20 countries
Renewables are already cheaper than fossil fuels in about 50% of G-20 countries but will soon become the least expensive energy source in all of them, according to Greenpeace. "Climate protection increasingly makes economic sense across the G20 as renewable energy becomes cheaper than dirty coal and nuclear," said Tobias Austrup, Greenpeace's energy expert in Germany.
CleanTechnica (7/7) 
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Analysis: China, not US, leads the world's renewable energy shift
China has emerged as a global leader in renewable energy development, setting an example as to how major industrialized nations can adopt renewables on a widespread scale, while the US falls behind with outdated policies, such as exiting the Paris climate accord, writes 350.org co-founder Bill McKibben. For one week in June, China's Qinghai province sourced 100% of its electrical needs from hydro, wind and solar.
HuffPost (7/7) 
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Policy Watch
Environmental advocates urge Mass. to accelerate offshore wind build-out
The Environmental League of Massachusetts and other environmental groups praised the administration of Gov. Charlie Baker for reducing the 10-year timeline for finalizing offshore wind contracts by six months, but argue that a five-year timeline would be more realistic. The groups argue that the current proposal would result in construction delays and make the state less attractive to clean energy investors.
The Boston Globe (tiered subscription model) (7/7) 
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Lawmakers consider simplified energy credits
Federal lawmakers are considering various tax reform options, including a "technology-neutral" tax credit that would apply to all renewables, including wind. Observers say a technology-neutral approach could result in a simplified system for energy credit and save Congress from having to develop credits for new technology as it hits the market.
Bloomberg BNA (free content) (7/6) 
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AWEA News
When wind turbines move to town -- How do rural communities benefit?
It wasn't always the case, but nowadays rural places are often among those in greatest need of new economic development. It will take significant change to raise up rural communities, including welcoming new opportunities like wind. Rural areas already are home to 99% of the country's wind turbines, with more on the way. Read more.
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These stories were selected and summarized by independent editors at SmartBrief Inc., not by AWEA's staff, and do not represent AWEA positions. They reflect the variety of daily coverage of American wind power.
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