By Ray K. Erku, Wyoming Business Report
RAWLINS – In many respects, Carbon County is at the forefront of a modern-day gold rush. Instead of mining for precious metal, however, fortune seekers look to harvest one of the Cowboy State’s most natural of resources: Wind . . . For the Anschutz Corporation, parent company of Power Company of Wyoming, the slated 1,000-turbine Chokecherry and Sierra Madre wind farms will eclipse $5 billion in projected costs. Once completed, it’ll be considered the largest onshore wind generation facility in North America . . . PacifiCorp and Rocky Mountain Power, subsidiaries of multinational conglomerate Berkshire Hathaway, which is headed by Buffett, are beginning to stomp their footprints in the county by partnering with Invenergy Co. to spearhead production of not just the Ekola and TB Flats projects, but the Gateway West Transmission Line. Read more here.
Photo by Power Company of Wyoming: According to Business Insider, a 2017 analysis revealed that it took $102 to generate one megawatt-hour from coal, compared to wind, which took $45.
Managing the Coal Capital Transition, Rocky Mountain Institute
MORE ENERGY TRANSITION NEWS
- Climate Crisis Spurs UN Call for $2.4 Trillion Fossil Fuel Shift, Bloomberg
A report from the UN Intergovernmental Panel on Climate Change estimated $2.4 trillion a year would need to be invested in green energy every year until 2035, more than 40 percent higher than the $1.8 trillion invested in the industry last year.
- 152 RE100 companies have made a commitment to go ‘100% renewable’. Read about the actions they are taking and why. For a growing number of companies, these include helping their suppliers access renewable energy for their own business operations, as well.
- DOE energy storage grants look to the day when renewables rule the grid, Utility Dive
DOE program aims at low cost, long duration storage to meet grid needs when renewable penetration rises above 50%.
- IEA Releases Reports on G20 Energy Transition Progress, IISD
- Renewables 2018: Market analysis and forecast from 2018 to 2023, International Energy Agency
Solar PV capacity is forecast to expand by almost 600 GW – more than all other renewable power technologies combined, or as much as twice Japan’s total capacity, reaching 1 terawatt (TW) by the end of the forecast period. Despite recent policy changes, China remains the absolute solar PV leader by far, holding almost 40% of global installed PV capacity in 2023. The United States remains the second-largest growth market for solar PV, followed by India, whose capacity quadruples.
- IEA low-balls solar growth (again), by Christian Roselund, PV Magazine
The agency’s base case expects relatively flat growth in solar deployment over the next six years, but for solar to still dominate growth among renewable technologies. The agency’s estimates are again below those of major market analysts.
- A Brave New Energy World: How Innovation Is Powering A New Electric Revolution, Forbes
COSTS OF SOLAR PANELS CONTINUING TO DROP
Module prices have fallen by up to 25% so far this year, by Emiliano Bellini, PV Magazine
According to a Q3 report by EnergyTrend, monocrystalline module prices have fallen almost 20% this year, while those for polycrystalline modules have dropped by more than 25%. Increased consolidation among manufacturers and developers is expected to occur in China, and the global solar market, with more merger deals, plans for capacity reductions, and even factory closures.
PV MAGAZINE: SEIA GUIDE UPDATE