Headline News:
- “Minnesota Power Reaches 50% Renewable Energy” • With activation of the Nobles 2 wind farm in southwestern Minnesota, Duluth-based Minnesota Power announced that it had reached its goal of 50% renewable energy. It is the first utility in the state to hit that renewable energy milestone, which it did ahead of its 2021 goal. [Minneapolis Star Tribune]
Nobles 2 wind farm (Minnesota Power image)
- “New York City Will Begin Development Of 100-MW Battery Storage Project” • 174 Power Global and Con Edison announced that they signed of a seven-year dispatch rights agreement for development of a 100-MW battery project, the East River Energy Storage System in New York City. The battery will be built in Astoria, Queens. [Environment + Energy Leader]
- “Australia’s Newest Coal-Fired Power Plant Deemed Worthless By Japanese Owner” • In accounts for the six months to the end of September, released last month, the Japanese conglomerate Sumitomo said it had written off the “total amount” of its $1.2 billion investment in the Bluewaters power plant in Western Australia, built in 2009. [The Guardian]
- “Study Finds US Can Reach Net-Zero Emissions By Spending 3% More On Energy” • The US can completely decarbonize its economy by mid-century without spending significantly more on energy, a report by a team of researchers at Princeton University says. Nuclear energy is not needed under the all-renewables scenario. [S&P Global]
- “US Renewable Energy Installations Break Records Despite Pandemic” • Both the solar and wind power markets will see record capacity additions in 2020, while electricity generation from those renewable energy sources has seen double-digit increases amid a decline in the overall US power generation market due to the pandemic. [OilPrice.com]
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