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

Five Japanese Executives Resign After Nuke Deception

LCG, September 17, 2002-Following an investigation revealing phony nuclear plant records, five executives have resigned from Tokyo Electric Power Company.

Earlier this month, the Tokyo Electric Power Company (TEPCO) found that 13 of its 16 nuclear power plants had incorrect records of reactor core structures. In some cases, cracks in reactors were not disclosed.

Five reactors, amounting to 5,180 megawatts in capacity, have been shut down for inspection.

Additionally, TEPCO's President Nobuya Minami will resign and take a position as an advisor. Chairman Hiroshi Araki will also resign, along with two advisors and a vice president. The company has said that it will seek to punish those responsible, perhaps as many as 35 officials.

Pulling these nuclear plants off line may result in a loss to TEPCO of over $204 million.

Although TEPCO is interested in disciplining its employees, it has asserted that the cover-ups were due to mismanagement on a macro-organizational scale, as opposed to personal greed.

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