2022 US Top Wind Developers
2022 marked a significant milestone for renewable wind generation in North America. New wind capacity reached 14.7GW (gigawatts) from 93 projects, an increase from 2021 of 12GW from 54 projects. Looking to 2024, winds of opportunity show 55GW from a whopping 373 projects are expected to come online, though we know ongoing interconnection queue challenges […]
Top 10 Solar Developers in US
In the United States, the adoption of solar photovoltaic (PV) technology continues to rise, following recent market investment from the Inflation Reduction Act. The U.S. Energy Information Administration reveals that in 2022, approximately 10.9 GW (gigawatts) of new solar PV capacity became operational, a 19% decline from 2021, largely attributed to supply chain challenges. According […]
Reshaping energy: A closer look at Duke Energy’s innovative integrated resource plan
The energy landscape is rapidly evolving, driven by the urgent need to transition from fossil fuels to renewable energy sources, while also managing an increase in demand associated with the region’s population growth. In this dynamic context, integrated resource plans (IRPs) provide valuable insights into how utilities are adapting and shaping the future of energy […]
Navigating power gridlock: How planned transmission lines will impact congestion
In an era where electricity demands continue to escalate, the importance of a reliable and efficient electrical grid cannot be overstated. Transmission lines form the backbone of the power grid, crucial for transmission and distribution of electricity from power generation sources to residential and commercial locations. As demand has increased in areas such as ERCOT, congestion on the network has become a significant challenge.
Navigating energy transition investments: A guide for private equity companies
The global energy landscape is undergoing a significant transformation, driven by the imperative to mitigate climate change and transition to a more sustainable future. As the world shifts towards cleaner and renewable energy sources, private equity companies are presented with a unique opportunity to invest in the energy transition. However, evaluating the success of such […]
Introducing high fidelity energy community layers for PRISM
Last year’s Inflation Reduction Act (IRA) included several adders of particular interest for renewable energy developers. The Energy Community Tax Credit Bonus increases the investment tax credit an extra 10% for projects that began operating after Dec. 31, 2022, and are within one of four qualifying energy communities. Two of the energy communities seek to […]
Powering through outage season: A breakdown of PJM’s WHUB/NIHUB spread
It’s that time of year when generator and transmission outages are at their peak in PJM. The first half of April has not disappointed volatility-wise as the WHUB/NIHUB spread has set new 30-day highs largely driven by congestion. Figure 1: Day-ahead WHUB/NIHUB MCC spread for the last 30 days with the constraints driving this spread […]
Introduction to power purchase agreements for renewable energy
Power purchase agreements (PPAs) are an essential tool for traditional and renewable developers and buyers. A PPA is a contractual agreement between a generator and a buyer that outlines the purchase of electricity or ancillary services for a set time period. Developers can benefit from PPAs by securing a long-term revenue stream for their projects, […]
The Texas power market evolution
Performance credit mechanism In a decision that could reshape Texas’ power market, The Public Utilities Commission of Texas (PUCT) voted Jan. 17 to adopt the performance credit mechanism (PCM) market design, a strategy developed by consultant E3 in partnership with the commission. The PCM mechanism aims to provide payments to power units that are available […]
6 reasons to attend the Enverus 2023 EVOLVE Conference
The energy industry is rapidly evolving, affecting everyone from oil and gas operators, refiners and service providers, to renewables players, investors and power traders. EVOLVE is a two-day virtual event that combines our Play-by-Play Conference, led by our world class oil and gas and energy transition Intelligence team, with some of the most respected experts […]