AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

North Korea Meets with Russia for Nuke Deal

LCG, March 26, 2002-Last week North Korean and Russian officials talked about joint energy endeavors.

North Korean parliamentary head Choe Thae Bok went to Moscow to speak with Russian industry official Ilya Klebanov about rail and electricity development, including building a nuclear plant.

North Korea has been dubbed part of an "axis of evil" by U.S. President Bush.

A 1994 agreement required the country to stop nuclear arms development. Many international experts say that the country is still retaining and possibly producing weapons-grade plutonium. The agreement also included inspections by the International Atomic Energy Agency.

With U.S. assistance two light-water nuclear reactors were slated to be built by 2003 according to this agreement, but now the project is not likely to happen for years. North Korea is looking for other avenues by which to develop nuclear power.

According to the Guardian, Moscow officials are hesitant to form any definite plans with the North Korean regime.

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