Remove Coal Remove Financing Remove Parts Remove Resource
article thumbnail

Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

Green Car Congress

Overview of the Bluegas catalytic coal methanation process. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25 As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25 Click to enlarge. pure methane).

Coal 225
article thumbnail

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

Green Car Congress

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. In the US, coal and gas are still cheaper, at $65 per MWh, against onshore wind at $80 and PV at $107.

Wind 150
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Northeast Utilities and its subsidiary NStar had agreed to buy 27.5%

Renewable 150
article thumbnail

Global geothermal industry passes 12,000 MW operational

Green Car Congress

New project announcements have increased the resource under development to about 30,000 MW. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

article thumbnail

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

Green Car Congress

For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation.

EPRI 239
article thumbnail

Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

Green Car Congress

The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. Whiting will be the first in the Permian to purchase CO 2 from a power project that will be produced through the coal-gasification process. The TCEP integrates coal gasification, combined-cycle power generation, CO 2 capture, and.

Coal 186
article thumbnail

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

Green Car Congress

The program is part of President Obama’s climate action plan. Projects deploying these technologies are typically unable to obtain commercial financing due to high technology risks. Earlier post.). Once finalized, this solicitation will be the sixth issued in support of Section 1703.

Energy 199