Support the Arctic Sea Ice Forum and Blog

Author Topic: Renewable Energy  (Read 852551 times)

Ken Feldman

  • Nilas ice
  • Posts: 1308
    • View Profile
  • Liked: 189
  • Likes Given: 120
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

Quote
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

  • Nilas ice
  • Posts: 1308
    • View Profile
  • Liked: 189
  • Likes Given: 120
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/

Quote
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.

Quote
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

  • First-year ice
  • Posts: 8653
    • View Profile
  • Liked: 3377
  • Likes Given: 25
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.
"Para a Causa do Povo a Luta Continua!"
"And that's all I'm going to say about that". Forrest Gump
"Damn, I wanted to see what happened next" (Epitaph)

Ken Feldman

  • Nilas ice
  • Posts: 1308
    • View Profile
  • Liked: 189
  • Likes Given: 120
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

Quote
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.

Quote
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.