Albuquerque Economic Development: New Mexico is Home to Some of the Lowest Renewable Energy Costs in the U.S.
January 11, 2021 17:30 ET | Source: Albuquerque Economic Development Albuquerque Economic Development Albuquerque, New Mexico, UNITED STATES
Albuquerque, NM, Jan. 11, 2021 (GLOBE NEWSWIRE) As businesses explore options for expansion in the new year, one important factor keeps rising to the top of the list – low-cost renewable energy. Hundreds of companies have already committed to an aggressive shift to utilize only renewable energy; others are quickly following suit. According to the RE100’s 2020 annual report, 75 percent of member companies are looking to go 100 percent renewable by 2030. For many others, they are looking for renewable energy options that are both good for business and the environment.
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More than half of planned PV additions are in four states: Texas (28%), Nevada (9%), California (9%) and North Carolina (7%), with new PV installations expected to total almost 15.5GW, or 39% of capacity additions, 12.2GW wind (31%); natural gas 6.6GW (16%); utility-scale battery storage, 4.3GW (11%); nuclear 1.1GW (3%), and other 0.2GW (0.1%).
Some of the build-out in Texas reflects investors’ belief that electricity demand will rebound as the Canada-size economy there recovers from the Covid-19 pandemic, while former pacesetter coal will continue losing market share to cleaner alternatives.
Governors Wind Energy Coalition
Energy sector rethinks GOP donations in insurrection’s wake Source: By E&E News staff • Posted: Tuesday, January 12, 2021
Flags outside ConocoPhillips offices in Houston. Loren Elliott/Reuters/Newscom
Energy and chemical companies and associations are reevaluating their political contributions following last week’s riot and attack on the U.S. Capitol.
Dow Inc. and General Electric Co. are vowing not to donate via their political action committees to the 147 House and Senate Republicans who objected to the electoral results from Arizona or Pennsylvania.
The objections from prominent lawmakers like Sens. Ted Cruz (R-Texas), Josh Hawley (R-Mo.), Cynthia Lummis (R-Wyo.) and John Kennedy (R-La.) were part of an unsuccessful effort to overturn President-elect Joe Biden’s victory, and they were fueled by the same unfounded claims of fraud behind the riot.
E&E News staff
ConocoPhillips. Photo credit: Loren Elliott/Reuters/Newscom
Flags outside ConocoPhillips offices in Houston. Loren Elliott/Reuters/Newscom
Energy and chemical companies and associations are reevaluating their political contributions following last week s riot and attack on the U.S. Capitol.
Dow Inc. and General Electric Co. are vowing not to donate via their political action committees to the 147 House and Senate Republicans who objected to the electoral results from Arizona or Pennsylvania.
The objections from prominent lawmakers like Sens. Ted Cruz (R-Texas), Josh Hawley (R-Mo.), Cynthia Lummis (R-Wyo.) and John Kennedy (R-La.) were part of an unsuccessful effort to overturn President-elect Joe Biden s victory, and they were fueled by the same unfounded claims of fraud behind the riot.