April 15 NEC Energy News
¶ “Banks Unwilling To Finance $5 Trillion Global Development Of Nuclear” • After decades of being treated as a black sheep, nuclear energy is enjoying a renaissance in the US and many Western countries thanks to the global energy crisis. But any revival of nuclear might be dead in the water, with lenders seeing it as a high-risk sector. [OilPrice.com]
¶ “Nuclear Energy Is An Ugly Duckling In Every Possible Respect: Too Late, Too Costly, Too Toxic” • According to the International Energy Agency, new solar installations globally were 420 GW in 2023 and new wind installations came to 117 GW. New nuclear fell to just 5.5 GW. The data make it clear that there is no “nuclear renaissance” going on. [RenewEconomy]
¶ “Kyiv Warns Of Imminent Russian False Flag Operation At Zaporizhzhia Nuclear Plant” • Ukraine’s military leadership warned of a possible false flag operation at the Zaporizhzhia nuclear power plant. Such an operation would make Ukraine appear responsible for whatever took place at the site in southern Ukraine. [South China Morning Post]
¶ “US Grid Connection Backlog, Dominated By Solar, Grows To 2.6 TW In 2023” • The grid connection backlog in the US grew by 27% year-on-year in 2023, with about 2.6 TW of generation and storage capacity now seeking interconnection. As of the end of 2023, the total capacity in the queue was more than twice the current US generating capacity of 1.28 TW. [PV Tech]
¶ “Adani Green Records 35% Growth In Operational Capacity In FY24” • Adani Green Energy Ltd recorded a 35% increase in its operational capacity with the addition of solar and wind power projects in the financial year 2024. The company aims for growth in its renewable capacity to 45,000 MW by 2030, which is 10% of India’s renewable energy target. [NDTV Profit]
¶ “How Farmers Can Thrive In The Evolving Energy Landscape” • In an era marked by climate concerns and renewable energy ambitions, the agricultural sector is at the forefront of innovation and adaptation. As the world seeks sustainable solutions to meet growing energy demands, the roles of managing agricultural land are expanding. [Farmers Weekly]
¶ “Repsol Completes 637-MW Frye Solar project In Texas” • The Spanish oil and gas company Repsol completed the Frye Solar project, its largest solar plant to date in the US. The solar facility in Swisher County, Texas, has an installed capacity of 637 MW, of which 570 MW is currently operational. The project has a million solar panels. [GlobalData]
¶ “A Major US State Just Achieved A Critical Milestone For Nearly Two Weeks. Why Isn’t There More News Coverage?” • California has set a benchmark for renewable energy, with wind, solar, and hydro providing 100% of the state’s energy demand on 25 out of the last 32 days. The data comes from Professor Mark Z Jacobson of Stanford University. [The Cool Down]
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