Author: unitedenergy

CSG Renewable Energy & Sustainability Law Alert On June 10, 2019 the State of New Jersey released a draft of the 2019 New Jersey Energy Master Plan (the “EMP”) for comment. If adopted, the EMP would be a seismic shift in New Jersey energy policy. Quoting the draft plan, “New Jersey is embarking on a significant transition in its energy system, including aggressively pursuing energy efficiency and conservation measures, modernizing…

After seven weeks in a row of triple-digit injections, one could say that NYMEX futures are looking slightly bearish as of late. The recent EIA report provided an injection of 115 Bcf that exceeded expectations, last year’s 95 Bcf build, and the five-year average of 84 Bcf. The deficit against the five-year average storage inventories has also finally shrunk under 200 Bcf as of this week, and the end of…

Focus California has too much solar power. That might be good for ratepayers  Los Angeles Times – June 5 California set two renewable energy records last week: the most solar power ever flowing on the state’s main electric grid, and the most solar power ever taken offline because it wasn’t needed. New research published in the peer-reviewed journal Solar Energy suggests California should embrace the idea of building more solar panels than…

Senegal takes delivery of wind turbines for its first large-scale wind farm’ Last week, Vestas wind turbines and components arrived at Port Autonome de Dakar for West Africa’s first large-scale wind farm. The wind turbines will be transported by road for delivery of generation equipment for Senegal’s Parc Eolien Taiba N’Diaye wind farm project. Privately-owned UK renewable power company Lekela expects the wind farm, located in Taiba Ndiaye, about 100…

The Eastern region may have seen warmer weather during the reporting period, but cooler weather throughout the West and production nearly returning back to normal levels helped result in a substantial and bearish injection of 114 Bcf that eclipsed all market expectations, last year’s build of 95 Bcf, and the five-year average of 97 Bcf. Multiple weather trackers are showing a delay in the normal summer heat until a week…

This week’s 100 Bcf injection came up slightly short of market expectations, but managed to exceed last year’s value of 93 Bcf and the five-year average of 88 Bcf. Little has changed fundamentally despite slightly warmer changes in the East along with cooler shifts in the West. With any major heat expected to be pushed later into June, the last two trading days have tumbled back under the $2.60/MMBtu mark.…

IEA says world cannot “press pause” on renewables, as capacity growth stalls The International Energy Agency (IEA) has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018, which, at 180 GW, remained in line with additions recorded in 2017. It was the first time since 2001 that year-on-year additions of renewable energy failed to grow and coincided with a 1.7% rise in greenhouse-gas emissions to an historic…

This week’s injection of 106 Bcf slightly edged out the general market consensus of 104 Bcf, last year’s build of 104 Bcf, and the five-year average of 89 Bcf for the same time period. NatGasWeather.com reported that “It was cooler than normal across the central U.S. and Midwest, while warmer than normal across the West and East,” which led to the South Central region contributing the highest input for the…

After last week’s neutral to bearish build of 123 Bcf, the latest injection of 85 Bcf is giving bulls somewhat of an opportunity to bounce back as slight upticks in heating demand in the northern regions and cooling demand in the southern regions of the U.S. coincided with dry gas production taking somewhat of a hit due to shoulder season pipeline maintenance. This injection not only matched last year’s value…

Focus sPower and MCE complete largest operational CCA solar project in California ■PV-Tech – April 29 sPower and MCE have commenced commercial operations at the 130-megawatt Antelope Expansion 2 PV project in Lancaster. The installation, which was completed in December 2018, will sell output to MCE under a long-term power purchase agreement. This stands as the largest PV project completed in California with a community choice aggregator (CCA). Antelope Expansion…