The utility embraces solar and offshore wind, but critics say its plan is too reliant on fracked gas and pipelines. Utility Dominion Energy is planning a major shift toward renewable energy and batteries as it looks to comply with Virginia’s ambitious new clean energy law. Dominion Virginia’s new integrated resource plan (IRP), announced Friday, represents […]
Solar, wind and batteries see dramatic gains in competitiveness over the last six months compared to longer-established energy options London and New York: Solar PV and onshore wind are now the cheapest sources of new-build generation for at least two-thirds of the global population. Those two-thirds live in locations that comprise 71% of gross domestic […]
Philippines’ Oldest Conglomerate to Get Out of Coal by 2030 Ayala Corp., the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow. Read More…
LONDON: Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday. Institutional investors are increasingly withdrawing from fossil fuel companies due to the risk their assets will become stranded as tougher emissions-cuts […]
Coal stocks at power plants peaked to 34.25 million tonnes on January 26, equivalent to 19 days’ consumption, and up by 77% as against 19.36 million tonnes, equivalent to 12 days’ consumption at the same time last year. “Thrust has been also given to augment coal supplies to non-power sector by holding regular auction for […]
FRANKFURT: Germany imported 40.2 million tonnes of hard coal last year, 14.7% less than in 2018 due to competition from renewables and gas, and as the steel industry curbed usage, importers said on Friday. The total was comprised of an estimated 7.4% lower intake of coking coal for steelmakers, who purchased 11.5 million tonnes and […]
Germany could close its last coal-fired power plant long before a 2038 deadline as the dirtiest fossil fuel gets squeezed out of the energy mix by clean electricity. A plan struck on Thursday by Chancellor Angela Merkel to compensate regions and companies for the exit anticipates some of the most polluting plants running down the […]
Hard-hit regions and utilities will be compensated for their role in Germany’s energy transition, but RWE faces more than $1B in uncovered costs. Germany’s federal and state governments agreed Thursday on the tricky terms of the country’s coal phaseout, with the total bill set to run to €40 billion ($44.6 billion) as hard-hit regions are […]