- “Why solar towers and storage plants will reshape energy markets” • The 150-MW solar tower and molten salt storage plant to be built in Port Augusta has been made possible by a ground-breaking pricing and contract structure that could help completely reshape Australian power markets, including the end of “baseload” power as we know it. [RenewEconomy]
- The Trump administration has decided to withdraw the official estimate of the Social Cost of Carbon and disband the inter-agency working group that developed it. Despite this, a group of prominent economists and lawyers have highlighted the metric’s continued validity for policymaking in a letter published in the journal Science. [eco-business.com]
- GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telephone towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world. [Bloomberg]
- According to the University of Minnesota’s Energy Transition Lab, starting in 2019 the overall cost of building grid-scale storage there will be less than that of building natural-gas plants to meet future energy demand in that state. Current plans for adding 1,800 MW of gas-fired “peaker” plants by 2028 may be unnecessary. [Yahoo Finance UK]
- In late 2015, DME unveiled its Renewable Denton Plan to almost immediate controversy, as it pivoted on a $265 million investment in a new, gas-fired power plant. After management changes, a new plan is expected to identify clear steps to get 70% to 100% percent of Denton’s electricity from renewable energy by 2019. [Denton Record Chronicle]
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