March 16 NEC Energy News
¶ “India Strives For 500 GW Non-Fossil Power by 2030“ • India has been courting investment in its clean energy industry in an effort to shore up energy security and meet the nation’s lofty decarbonization goals. But a report reveals that while India has offered up record-breaking clean energy tenders, they have been met with weak demand. [OilPrice.com]
¶ “Russian-Occupied Zaporizhzhia Nuclear Plant Part Of Peace Talks, Trump Says” • The US and Ukraine discussed control of the Russian-occupied Zaporizhzhia Nuclear Power Plant as part of a potential peace deal, US President Donald Trump said. With six reactors, the Zaporizhzhia plant is the largest nuclear power plant in Europe. [The Kyiv Independent]
¶ “More Than Seventy Agencies Participating In Training Drill Simulating Nuclear Power Plant Accident” • An exercise called Cobalt Magnet 2025 is underway in Michigan, according to the Michigan State Police, Emergency Management, and Homeland Security. Over 3,000 individuals from seventy US and Canadian agencies are participating in the project. [MSN]
¶ “Critics Warn Cuts At Agencies Overseeing US Dams Could Put Public Safety At Risk” • Trump administration workforce cuts at federal agencies overseeing US dams are threatening their ability to provide electricity, supply farmers with water, and protect communities from floods, employees and industry experts warn. Nearly 400 people have lost their jobs. [ABC News]
¶ “The UK’s Solar Revolution Mapped, With 3,500 Projects In The Pipeline” • The UK is in a new era for solar power with nearly 3,500 solar farms being planned, new figures show. With the sharply falling cost of solar panels over the past decade and rapid increases in efficiency, solar is now the cheapest way to produce electricity in the UK. [The i Paper]
¶ “The Future Of Nigeria’s Energy Sector Remains Unclear” • President Donald Trump and Energy Secretary Chris Wright pledged to support fossil fuel development across Africa, which could encourage countries such as Nigeria to continue exploiting their oil and gas resources. Wright included coal, which he said would provide energy security. [OilPrice.com]
¶ “JP Morgan Reduces Tesla Sales Forecast, Predicts Stock Will Fall To $120 Per Share” • JP Morgan issued a strongly negative prediction for Tesla. It said Q1 deliveries will be the lowest the company has seen in three years. It also thinks that the free fall Tesla stock still has a long way to go, potentially hitting $120 per share, about half its current price. [CleanTechnica]
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