Your Source for Energy Jobs & Industry News
Forecasting Ecopetrol’s Future: Scenario-Based Financial Outlook Through 2029 In this latest article, I present a detailed financial forecast for Ecopetrol under three growth scenarios—Bear (6.5% CAGR), Base (13.05% CAGR), and Bull (17.5% CAGR). The analysis models revenue, CapEx, EBITDA, D&A, net income, and free cash flow to help stakeholders understand the strategic and..
Energy Central…
Tennessee Valley Authority (TVA) CEO Bill Johnson in an exclusive interview with POWER suggested that the power industry continues to face an uncertain future. Johnson said that during his 40-year career, he has seen more change in the last five years than in the previous 35 combined. Several indicators imply that will continue going forward.
According to Johnson, one thing driving change is declining demand for power, which has resulted from efficiency improvements, a shift toward a more-service-oriented economy, and lower population growth, among other things. Johnson said customers are interested in cleaner, more-flexible sources of power and information. The challenge for utilities is to figure out how to integrate new behind-the-meter resources after having focused for so long on big centralized power stations.
Other power industry changes include a shift away from coal-fired generation. Johnson said TVA generated about 60% of its energy from coal 10 years ago, but by the end of the decade that figure will be down to only 20%.…
Burdened by a trade case, unpredictable policy-making, interconnection delays, and other market factors, the U.S. installed 30% less solar photovoltaic (PV) capacity in 2017 compared to a record-breaking 2016.
However, the 10.6 GW of new PV capacity added last year represents 30% of all new generating capacity added to the U.S. grid, more than any other power source but natural gas, and according to the Solar Energy Industries Association (SEIA), it is characteristic of solar PV’s booming growth. Last year’s capacity addition still represents 40% growth over 2015’s installation total, the trade group noted as it released its U.S. Solar Market Insight Report 2017 Year-in-Review, which it prepared with GTM Research, on March 15.
“The solar industry delivered impressively last year despite a trade case and market adjustments,” said SEIA President and CEO Abigail Ross Hopper. “Especially encouraging is the increasing geographic diversity in states deploying solar, from the Southeast to the Midwest, that led to a double-digit increase in total capacity.”…