The Industrial Siting Council in Wyoming has granted BluEarth Renewables a construction permit for the Two Rivers Wind and Lucky Star Wind projects, which will feature a combined 277 turbines and have a capacity up to 780 megawatts. The permit carries conditions, including a requirement that the company breaks ground on the project within three years and holds a 33.1 million bond for decommissioning.
River flooding due to climate change, along with population growth, could force up to 50 million people annually to flee their homes by century's end, according to a study by the Internal Displacement Monitoring Center in Geneva. "We expect even more extreme weather in the future, so it's imperative that we understand the magnitude of future risk, what's driving it, and what we can do about it," study author Justin Ginnetti said.
The Missouri Coalition for the Environment is suing the Environmental Protection Agency, saying it went against the Clean Water Act by letting the state implement water standards for its lakes that don't adequately address nutrient pollution. The organization says the EPA should disapprove the standards.
The US offshore wind pipeline exceeds 20 GW, and there's substantial room for growth even beyond that, says Stephanie McClellan, a researcher and director of the Special Initiative on Offshore Wind at the University of Delaware. "That is equivalent to the entire global installed capacity at the end of 2018, and is just the tip of the iceberg. As the cost of offshore wind continues to fall and the US supply chain matures, the industry is set for continued market growth well beyond initial state policy commitments," she said.
Eighty-nine percent of voters support extending tax credits such as the wind energy Production Tax Credit and Investment Tax Credit, regardless of their political affiliation, according to Global Strategy. "We hope members of Congress will heed their constituents' call to action and extend tax credits for onshore and offshore wind, putting the industry a step closer to tax policy parity with other energy sources as it helps champion efforts to alleviate climate change," said American Wind Energy Association Senior Director of Federal Affairs Aaron Severn.
Orsted has secured a 100-megawatt, 10-year power purchase agreement with Covestro for its 900-MW Borkum Riffgrund 3 project in Germany, marking the largest PPA to date in the offshore wind industry. "Our agreement with Covestro is the first tangible step to secure stable revenues for part of the power generated by Borkum Riffgrund 3 which will be built and operated without subsidies," said Orsted's Martin Neubert.
Invenergy has selected Infrastructure and Energy Alternatives to provide construction services for its 300-megawatt Thunderhead Wind Energy Center in Nebraska. The project is expected to begin operations in September 2020.
Eversource and Orsted have reached a framework deal with Nexans to source up to 631 miles of undersea high-voltage export cables for their offshore wind farm on the US East Coast, with delivery beginning in 2022. Nexans plans to build a manufacturing site for cables in the US.
The US is expected to add 48,451 megawatts of new renewable energy capacity by September 2022, at which point the segment will account for 24.95% of the nation's generating capacity, with 10.45% of that total coming from wind, according to a SUN DAY Campaign analysis of Federal Regulatory Energy Commission data. Wind has also surpassed hydro in terms of installed generating capacity, the analysis shows.
Thirty-five investors have pledged more than $1 billion to BlackRock's third investment fund for clean energy projects, including wind, solar and battery storage. BlackRock hopes to raise $2.5 billion in the round, and has invested or committed $611 million and $1.65 billion, respectively, generated by its first two funds.