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

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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.

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Sasol and ITOCHU to partner on green ammonia and hydrogen

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MUFG Bank Ltd, one of the largest Financial Institutions in the world, and a market leader in sustainable financing solutions, witnessed the signing of the MoU. Green ammonia is produced from green hydrogen, which in turn is produced from renewable electricity (solar and wind) via an electrolysis process.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09

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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance.

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Siemens Energy to Supply Advanced Coal Gasification Technology to Taylorville Energy Center; 50% CO2 Capture

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has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .

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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

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Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. Source: EPRI. Click to enlarge. Representative costs are reported in constant December 2010 US dollars.

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DOE releases draft of $8B loan guarantee solicitation for advanced fossil energy projects

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The US Department of Energy (DOE) released a draft for comment of an $8-billion loan guarantee solicitation for innovative and advanced fossil energy projects and facilities that substantially reduce greenhouse gas and other air pollution. The program is part of President Obama’s climate action plan. Earlier post.).

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