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A New York-based power and energy infrastructure group will acquire more than 3 GW of operating renewable energy assets, along with another 8 GW of projects under development, from a […]
The post LS Power Acquiring Renewable Energy Assets in $ 2.5. Billion Deal appeared first on POWER Magazine.
The post PSEG Power Closes Last Coal Plant, Explores Divestiture of Other Fossil Assets appeared first on POWER Magazine.
PSEG Power retired its Bridgeport Harbor Station Unit 3 (BHS 3, Figure 1) on May 31. The unit, located in Bridgeport, Connecticut, was the last remaining coal-fired power plant in the company’s fleet.
“The retirement of Bridgeport Harbor Station Unit 3 marks the end of an era for the City of Bridgeport and the citizens who relied on its power,” Ralph Izzo, chairman, president, and CEO of Public Service Enterprise Group Inc. (PSEG Power’s parent company), said in a press release. “I’m grateful to the generations of employees who operated this unit safely and reliably for more than 50 years, and to the entire Bridgeport community for their support.”…
The post How to Monitor Assets Remotely Today appeared first on POWER Magazine.
As long as products have had ethernet ports, people have been asking for remote access to them. They believed they could just plug the devices into the internet, and it would all work. At first, there wasn’t necessarily a clear path to making this dream a reality without assistance from the user’s IT department. IT would need to set up networks and give access through their firewalls, granting the proper access to those who needed it. This raised all types of security and maintenance concerns and the IT departments simply wouldn’t allow these holes in their firewalls.
As more software tools became available and internet speeds increased, capable users found ways to give themselves access to their assets. But there was still a catch—one needed a dedicated computer for the system.
With today’s products, an operator has numerous options for products that he or she can install into a system that creates a remote access portal without needing to use a dedicated computer.…
Duke Energy this week said it has a definitive agreement to sell a minority interest in part of its commercial renewable energy portfolio owned and operated by its affiliate, Duke Energy Renewables, to the John Hancock Infrastructure Fund and John Hancock Life Insurance Company. Duke in an April 24 release said the interest is valued at about $ 1.25 billion.
Duke said the deal includes 49% of 37 operating wind, solar, and battery storage assets, and 33% of 11 operating solar assets across the U.S. John Hancock’s interest will represent about 1.2 GW of power generation capacity after the deal is closed. John Hancock will also have the right to acquire a minority interest in certain additional wind and solar projects in the future, providing a potential source of future growth capital to Duke Energy.
“We look forward to working alongside John Hancock as we continue providing clean and affordable energy to our customers across the country,” said Rob Caldwell, president of Duke Energy Renewables. …
A study from a London-based group focused on financial aspects of the energy industry said up to $ 60 billion of coal-fired power generation assets may be stranded in Southeast Asia in the next 10 years. The study released this week by Carbon Tracker said renewable energy resources and more-stringent environmental policies make investments in new coal generation “a mistake.”
The study was released on the heels of a report last week from the Institute for Energy Economics and Financial Analysis (IEEFA), a Cleveland, Ohio-based clean energy group, that said the U.S. will retire 15.4 GW of coal capacity in 2018, which it said represents 44 coal-fired generation units at 22 power plants. The group said another 21.4 GW of coal generation will close by 2024.
The IEEFA report said the U.S. is still operating 246 GW of coal generation capacity, with announced retirements from 2018 through 2024 (Figure 1) representing about 15% of that total. It said coal plants in at least 14 states are scheduled to close over the next few years, including units in Ohio, Pennsylvania, Florida, Indiana, Minnesota, Missouri, Kansas, Kentucky, Maryland, Tennessee, Texas, Virginia, West Virginia, and Wisconsin, according to IEEFA.…
Dynegy this week announced it will sell three more power plants to reduce debt as it works to satisfy an agreement with the Federal Energy Regulatory Commission (FERC) reached after the company’s $ 3.3 billion purchase of French energy giant Engie’s U.S.-based assets earlier this year.
Houston, Texas-based Dynegy said it has agreed to sell its 625-MW Lee Energy Facility in Dixon, Ill., in the PJM ComEd region to an affiliate of The Woodlands, Texas-based Rockland Capital for $ 180 million. It also has agreed to sell two natural gas-fired plants totaling 310 MW in Dighton and Milford, Mass., in the Southeastern New England (SENE) capacity zone in ISO-NE to Starwood Energy Group Global of Greenwich, Conn., for about $ 119 million.
The July 12 announcement came just hours after Dynegy said it closed the sale of two other facilities to New York-based LS Power for $ 480 million, a transaction originally announced in February, a few weeks after the deal with Engie was completed.…