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Concentration of CO2 in the Atmosphere

December 18 Green Energy News

Headline News:

  • For all the new wind parks, solar farms, and hydro plants that will help Germany generate yet another renewable energy record this year, the world’s dirtiest power fuel still sets the price for how much factories are paying for electricity. The average German day-ahead power price is expected to rise this year for the first time since 2011. [BloombergQuint]
Windpark Wildpoldsried (Richard Mayer, Wikimedia Commons)

Windpark Wildpoldsried (Richard Mayer, Wikimedia Commons)

  • Energy Secretary Rick Perry’s proposal to subsidize coal and nuclear power plants to insure grid reliability got a response from the North American Electric Reliability Corp. NERC’s 2017 Long-Term Reliability Assessment said renewable power and natural gas could match conventional generators for important metrics of reliability. [Kallanish Energy]
  • Venezuela awarded licences to Russian energy giant Rosneft to develop two offshore gas fields in the Caribbean Sea. The deal, which allows a subsidiary to export gas from the fields for the next 30 years, still needs final official approval before production begins. Russia is a close ally of Venezuela and seeks to expand its influence in Latin America. [BBC]
  • Power prices in Australia rose almost 11% during 2017, but a new forecast says they will fall over the next two years because of the entry of 5,300 MW of new generation capacity into the national electricity market, most of it renewable. The Australian Energy Market Commission predicts a fall in power prices beginning in mid-2018. [The Guardian]
  • US Wind has contracted Oceaneering International to carry out geophysical marine surveys of the site of the up to 750-MW Maryland offshore wind project. The work is scheduled to start in the second half of 2018 at the lease area about 40 km off the coast of Ocean City. The wind farm is planned to be built in stages, the first will be 248 MW. [reNews]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

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