May 22 NEC Energy News
¶ “Saudi Arabia Sets World Record For Lowest Cost Of Electricity From Wind Power” • Saudi Power Procurement Company signed two power purchase agreements with a consortium led by Japan’s Marubeni Corporation for a total of 1.1 GW of wind projects. One PPA set a record low cost of wind energy with a levelized cost of energy at 1.565¢/kWh. [ZAWYA]
¶ “Large-Scale Nuclear Power Station Planned For Anglesey In Wales” • UK ministers have earmarked north Wales as the site of a large-scale nuclear power plant, as part of plans to resuscitate Britain’s nuclear power ambitions. Wylfa on Anglesey has been named as the preferred site for the UK’s next major nuclear power plant [The Guardian]
¶ “California Exceeds 100% Of Energy Demand With Renewables Over A Record 30 Days [Update]” • May 21 update: Stanford professor Mark Z Jacobson is tracking California’s renewables performance. Jacobson reports that California has exceeded 100% of energy demand with renewables at times over a record 45 days straight, and 69 out of 75. [Electrek]
¶ “UN Maritime Tribunal Says Countries Are Legally Required To Reduce Greenhouse Gas Pollution” • A UN maritime law tribunal, the International Tribunal for the Law of the Sea, found that countries are legally required to reduce greenhouse gas pollution, a victory for small island nations that are on the front lines of climate change. [ABC News]
¶ “WoodMac: $1 Trillion At Risk For Clean Energy Investments Under Trump” • A second Trump presidency could place a huge part of renewable energy investments at risk, increase carbon emissions by 1 billion tonnes more by 2050 and delay peak fossil fuel demand by 10 years, energy analytics firm Wood Mackenzie has predicted. [OilPrice.com]
¶ “Climate Funding Helps US Farmers Reduce Their Energy Bills” • After reeling from soaring energy costs in 2022, when diesel prices in the US hit a record high, American farmers are taking advantage of provisions in the Inflation Reduction Act from the same year that help small farms install solar power at virtually no cost. [OilPrice.com]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.