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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

Cinergy Plans Voluntary Emissions Reductions

LCG, Sept. 10, 2003--Cinergy Corp., which is one of four electric utilities selected by the Bush administration to participate in discussions of voluntary emissions reductions, has said that it has set a goal of 5% reductions in its carbon dioxide and other "greenhouse gas" releases by 2012 at the latest.

The company, which owns a significant number of coal-fired electric generation assets, is being advised by the non-profit Environmental Defense, and has earmarked roughly $21 million to determine how it will achieve the reductions. Cinergy's existing power plants would likely be upgraded for greater efficiency, while demand reduction programs based on incentives could also play a role. Further reductions could come from offset programs, which would absorb carbon dioxide through tree plantings or agriculture.

According to officials at the Environmental Protection Agency, 35 participants in its voluntary reduction programs are studying possible implementation of yet-to-be-announced reduction programs, while 11 have outlined their own targets. Dupont, which is recognized as having achieved the most significant reductions (greenhouse gas output is down 68% for global operations, and 40% domestically relative to 1990 levels) is holding its energy consumption at 1990 levels, saving $2 billion in the process.
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