The Colombian ministry of mining and energy has unveiled a 290MW coal plant will decarbonise its activity and convert it to solar PV and energy storage.
The US Department of Treasury, Department of Energy and the Internal Revenue Service (IRS) have announced guidance on the Inflation Reduction Act (IRA), strengthening energy security and incentivising manufacturing and clean energy investments in coal communities.
The US Treasury Department yesterday released guidance on the bonuses included in the Inflation Reduction Act (IRA) for historically fossil-fuel producing ‘energy communities’.
Vattenfall has increased its emissions reduction targets to be in line with the 1.5 degrees Celsius scenario set out in the Paris Climate Agreement in a move that has been approved by the Science Based Targets initiative (SBTi) and which involves increasing its renewable capacity four-fold.
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
Milwaukee-based WEC Energy Group, the parent company of Wisconsin utility We Energies, will shut down the 1,190MW coal-fired Pleasant Prairie facility and replace it with a 350MW PV facility, per the BizTimes Milwaukee.
Dithering on policy making is distracting Australian politicians from an urgent need to replace old coal power plants with renewable energy, the Clean Energy Council (CEC) has said.
