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Author Topic: Renewable Energy  (Read 856853 times)

Ken Feldman

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Re: Renewable Energy
« Reply #4900 on: July 28, 2020, 08:15:53 PM »
^^^
It looks like China and India can skip the "natural gas bridge" and go straight to renewables.  That would give them a huge competitive advantage over the western countries with billions in stranded assets related to natural gas infrastructure.

We're already seeing that LNG export terminals in the US are being underutilized with the glut in natural gas.

https://oilprice.com/Energy/Natural-Gas/Nat-Gas-Prices-Crash-As-US-Exports-Fall.html

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Nat Gas Prices Crash As U.S. Exports Fall
By Julianne Geiger - Jul 20, 2020

The price of natural gas fell nearly 5% on Monday, as lower U.S. LNG exports threaten to exacerbate inventories, which are already significantly higher than the five-year average.

The price of natural gas was just $1.636 as of 4:27pm EDT, a drop pf $0.082 or 4.77%.

The EIA reported that U.S. LNG exports fell week over week for the week ending July 15, with just four vessels with a combined carrying capacity of 15 Bcf leaving the United States that week. This is the lowest volume since the end of 2016—a time when the Sabine Pass LNG was the only LNG export facility in the United States, according to FX Empire.

Last year at this time, natural gas deliveries to U.S. LNG export facilities were setting records, according to the EIA. This year, the pandemic is cramping the style for the cleaner fuel, and inventories are well above the five-year average, at 3.178 billion cubic feet as of July 10. That compares to the year ago levels of 2.515 Bcf, and the five-year average of 2.742 Bcf.

Ken Feldman

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Re: Renewable Energy
« Reply #4901 on: July 28, 2020, 08:19:56 PM »
India is aiming to have renewables supply 60% of their power by 2030.

https://www.financialexpress.com/industry/india-to-have-60-renewable-energy-by-2030-power-minister-rk-singh/2031205/

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India to have 60% renewable energy by 2030: Power minister RK Singh
July 21, 2020 9:55 PM

In September last year at the United Nations Climate Action Summit, Prime Minister Narendra Modi had announced increasing the renewable energy target to 450 GW by 2030 from 175 GW by 2022.

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The minister explained that by 2030, 450 GW of power generation capacity would come from renewables like solar and wind. Besides 60 GW would come from hydro-electric power, he said.

About the progress on clean energy, he said that India’s clean energy capacity including under development projects and hydro electric power is around 190 GW, which is more than the targetted 175 GW by 2022.

gerontocrat

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Re: Renewable Energy
« Reply #4902 on: July 28, 2020, 08:41:15 PM »
US Energy Data - mostly to April / May 2020 from the US EIA @ https://www.eia.gov/totalenergy/data/monthly/

Wind+Solar continue the upward trend despite covid.

Still a long way to go c.f. total energy consumption, although coal continues to die.
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Ken Feldman

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Re: Renewable Energy
« Reply #4903 on: July 30, 2020, 07:46:34 PM »
The Public Regulation Commission of New Mexico approved a plan to replace a coal-fired power plant with solar farms and battery storage.  The considered and rejected plans that included natural gas fired-power plants.

https://www.abqjournal.com/1480491/prc-approves-allrenewable-san-juan-replacement-power.html

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PRC approves all-renewable plan to replace power from San Juan
By Kevin Robinson-Avila / Journal Staff Writer
Published: Wednesday, July 29th, 2020

The state Public Regulation Commission unanimously approved an all-renewable energy plan Wednesday morning to replace the coal-fired San Juan Generating Station near Farmington.

The 5-0 decision sets in motion plans for Public Service Company of New Mexico to sign power purchase agreements with third-party providers to build 650 megawatts of solar farms in San Juan, Rio Arriba and McKinley counties, plus 300 MW of backup battery storage. Investment in those new resources could total about $1 billion, bringing 1,200 or more construction jobs to the northwestern region of the state.

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Various power replacement options were discussed in public hearings in January, including proposals to rely entirely on solar energy and battery storage, and others that called for some new gas-fired generation to shore up system reliability as more renewables are added to the grid.

Ken Feldman

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Re: Renewable Energy
« Reply #4904 on: August 05, 2020, 12:53:51 AM »
BP announced that it's shifting substantial resources from fossil fuel extraction to developing renewable energy.  They've set a goal of developing 20 GW or renewables capacity by 2025 and 50 GW by 2030.  They only have 2.5 GW now.

https://www.greentechmedia.com/articles/read/bp-to-invest-5b-a-year-on-low-carbon-and-cut-fossil-fuel-output-by-40-percent-by-2030

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BP Aims to Build 50GW of Renewables by 2030, Cut Fossil Fuel Output by 40%

The oil supermajor lays out further details on its path toward net-zero, keeping ahead of its fossil fuel rivals in its energy transition ambitions.
John Parnell August 04, 2020

BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy.

BP, which first revealed its net-zero ambitions in February, says it will ramp up its annual low-carbon investment from $500 million in 2019 to $5 billion per year by 2030, with an interim goal of $3 billion to $4 billion per year by 2025.

BP is now targeting 50 gigawatts of renewables capacity by 2030, an ambition that puts it on a level with French utility giant EDF. BP's renewables target includes a 20-gigawatt goal by 2025, up from the 2.5 gigawatts it has today.

https://www.cnn.com/2020/08/04/business/bp-oil-clean-energy/index.html

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BP will slash oil production by 40% and pour billions into green energy
By Hanna Ziady, CNN Business
Tue August 4, 2020

BP is planning to slash oil and gas production and pour billions of dollars into clean energy as part of a major strategic overhaul unveiled on Tuesday, alongside a huge second quarter loss and dividend cut.

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BP (BP) has already sold its petrochemicals unit, and announced plans to cut 10,000 jobs as it reels from a crash in oil prices and tries to pivot towards renewable energy. The company said Tuesday it expects restructuring to cost $1.5 billion in 2020.

https://www.reuters.com/article/us-bp-results-breakingviews/breakingviews-bp-gets-serious-about-tough-corporate-reshaping-idUSKCN2501DO

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August 4, 2020
Breakingviews - BP gets serious about tough corporate reshaping
Ed Cropley

LONDON (Reuters Breakingviews) - Bernard Looney is betting BP’s house on his green energy ambitions. Besides cutting the dividend to free up cash for renewable investment, the chief executive of what is still essentially a 61 billion pound oil and gas company plans to reduce hydrocarbon production by 40% over the next decade.

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Then there is growing the new. Some of the money not spent on oil and gas will go towards a tenfold increase in green energy investment over the decade, to $5 billion a year. That is roughly a third of forecast annual capital expenditure over the next five years. Tangible targets include 70,000 electric vehicle charging points and 50 gigawatts of renewable power capacity. 



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Re: Renewable Energy
« Reply #4905 on: August 12, 2020, 02:20:52 PM »
For data nerds EIA (US) has added real time generation and demand numbers. They have not added information by primary fuel but hopefully that will come.

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Re: Renewable Energy
« Reply #4906 on: August 12, 2020, 02:29:09 PM »
hourly data for fuel type is available by region the next day.