article thumbnail

Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

Coal 150
article thumbnail

EGEB: World’s 60 largest banks pumped $3.8 trillion into fossil fuels since 2016

Electrek

In today’s Electrek Green Energy Brief (EGEB): A climate group report shows fossil-fuel financing continues to rise despite Paris Agreement pledges. The world’s largest coal mining company sets its sights on solar. trillion into fossil fuels since 2016 appeared first on Electrek.

2016 96
article thumbnail

Panda Power Funds jointly to develop 1,000 MW coal to natural gas conversion project; Marcellus Shale gas

Green Car Congress

Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. Construction will take approximately 30 months and will commence upon financing and other conditions.

Coal 150
article thumbnail

ADB approves $499M loan to establish facility for improved air quality in greater Beijing area; includes hydrogen transport

Green Car Congress

Cities in the greater BTH region have consistently been reported to have the highest concentration of particulate matter and other air pollutants, following decades of emissions from pollution-intensive industries in the area, as well as the region’s heavy reliance on coal for energy generation. The second ADB loan worth €458 million ($499.6

article thumbnail

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.

Obama 218
article thumbnail

Solar topped coal in Texas for the first time ever in March

Baua Electric

ERCOT’s generation data also revealed that coal’s market share fell below 10% for the first time ever to just over 9%. The decline began a decade ago but has picked up speed since 2016-17, when solar first showed up in the generation data, reports the Institute for Energy Economics and Financial Analysis ( IEEFA ) today.

Texas 52
article thumbnail

Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

Industrial sources will not enter the program until 2016. Prior to 2016, allowance value is dedicated to offset electricity and natural gas rate increases for industrial rate-payers and to improve energy efficiency in manufacturing to keep power bills down in the future. Expanding manufacturing.