More Renewables Than Fossil Fuels: The U.K. Reaches an Energy Milestone

Renewable energy has made a breakthrough in the U.K. The third quarter of this year was the first where more electricity was generated from renewable sources than from fossil fuels.

According to new analysis by the climate change analysis site Carbon Brief, Q3 saw 40% of power come from renewables such as wind, biomass and solar, while fossil fuels—almost all gas, as coal and oil now have a negligible share of the U.K. energy scene—accounted for 39% of generation. (The remaining 21% largely came from nuclear.) Continue reading “More Renewables Than Fossil Fuels: The U.K. Reaches an Energy Milestone”

A Renewable Energy Giant Makes a $1 Billion Bet on Natural Gas

(Bloomberg) — One of America’s biggest renewable-energy companies is making a bet on natural gas.

NextEra Energy Partners LP agreed to buy Meade Pipeline Co., an owner of a pipeline that provides gas from Pennsylvania, in a deal valued at about $1.37 billion, according to a statement Monday.

While NextEra Energy Partners already owns pipelines in Texas, it’s viewed by many investors as a wind and solar company, owning 5 gigawatts of renewables as of mid-June. The move to buy a pipeline comes as utilities and cities across the U.S. are pushing to drastically cut back on burning fossil fuel. Continue reading “A Renewable Energy Giant Makes a $1 Billion Bet on Natural Gas”

America’s renewable energy capacity is now greater than coal

New York (CNN Business)America’s coal industry has already been left in the dust by natural gas. Now it’s under immense pressure from the renewable energy boom.
The renewable energy sector had slightly more installed capacity than coal in April, according to a Federal Energy Regulatory Commission report.

That means US power plants can produce more energy from clean sources than coal for the first time in history, according to the SUN DAY Campaign, a nonprofit research group supporting sustainable energy. The breakthrough reflects the plunging cost of solar and wind as well as heightened environmental concern about coal.

“Coal has no technology path,” said Jeff McDermott, managing partner at Greentech Capital Advisors, a boutique investment bank focused on clean energy. “It’s got nowhere to go but extinction.”

The clean energy revolution is on the verge of a tipping point.

Also in April, the renewable energy sector was projected to have generated more electricity than coal, according to a separate report published by the Institute for Energy Economics and Financial Analysis. That transition was partially driven by seasonal issues.

At the same time, America has drastically cut back on its appetite for coal. Since peaking in 2008, US coal consumption has plunged 39% to the lowest level in 40 years, according to the US Energy Information Administration. Continue reading “America’s renewable energy capacity is now greater than coal”

US Renewable Energy Capacity Beats Natural Gas For Fourth Year Running

For the fourth year in a row, new US electricity capacity from renewable energy sources surpassed those from natural gas, and accounted for half of all new capacity additions, according to recent figures published by the country’s Federal Energy Regulatory Commission.

New electricity capacity from renewable energy sources — including biomass, geothermal, hydropower, solar, and wind — accounted for 49.85% of all new capacity installed during 2017, which totaled 24,614 MW (megawatts), meaning that there was 12,270 MW worth of new renewable energy capacity. New natural gas capacity accounted for 48.67%, with the remaining new capacity being served by waste heat (0.89%), nuclear (0.41%), and oil ( 0.16%). There was no new coal capacity added during 2017.

These are the key statistics from Federal Energy Regulatory Commission’s (FERC) latest issue of its “Energy Infrastructure Update” (PDF) which includes data through to the end of 2017. Ken Bossong’s Sun Day Campaign highlighted these statistics in an email on Wednesday.

While renewable energy capacity was down on 2016’s impressive 16,124 MW, it nevertheless retained its position as the dominant new form of energy, outpacing natural gas for the fourth year in a row. Continue reading “US Renewable Energy Capacity Beats Natural Gas For Fourth Year Running”