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Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
 In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as wind and solar to surpass nuclear and coal by 2021 and to surpass natural gas in 2045. In the Annual Energy Outlook 2020 (AEO2020) Reference case, the share of renewables in the U.S. electricity generation mix increases from 19% in 2019 to 38% in 2050.
Most of the growth in renewable electricity generation is attributed to wind and solar, which account for about half of renewable generation today. In EIA’s AEO2020 Reference case, these technologies account for nearly 80% of the renewable total in 2050. New wind capacity additions continue at much lower levels after production tax credits expire in the early 2020s.
In AEO2020, growth in solar photovoltaic (PV) capacity continues through 2050 for both utility-scale and small-scale applications because of declining PV costs throughout the projection period. Conventional hydroelectric generation remains relatively unchanged in absolute terms and becomes a smaller portion of the generation mix as other sources of electricity generation increase.
Alternative scenarios in AEO2020 examine the sensitivity of results to changes in the costs of renewables and the availability of oil and natural gas resources. Even in the High Oil and Gas Supply (where natural gas prices remain lower than in the Reference case) and High Renewables Cost cases, renewable generation nearly doubles from current levels by 2050.
The High and Low Renewables Cost cases evaluate the effects of changing cost assumptions for constructing and operating renewable energy power plants. In all AEO2020 scenarios, experience-based factors (such as learning-by-doing) contribute to lower capital costs over time.
For the Low Renewables Cost case, EIA assumed learning rates for renewable technologies that result in overnight capital costs that, by 2050, are 40% lower than the Reference case assumptions for each renewable technology (including those in the end-use sectors, such as small-scale solar PV). For the High Renewables Cost case, EIA assumed the overnight capital cost for all renewable technologies are held constant at the 2019 level through 2050.
Renewable generation grows in all regions of the United States in all AEO2020 scenarios, but the preferred technology type depends on the availability of renewable energy resources. Wind-powered generation grows the most in the West and Mid-Continent regions, and solar-powered generation grows the most in the Southeast. Offshore wind is only built off the coast of the Northeast and the PJM Interconnection.
Source: EIA
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Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...
Tuesday, 04 August 20
THE WORLD’S FLEET OF COAL-FIRED POWER STATIONS HAS GOT SMALLER FOR THE FIRST TIME ON RECORD, WITH MORE CAPACITY RETIRED IN THE FIRST HALF OF 2020 THAN THE AMOUNT OPENED - IEA
This is according to the latest Global Coal Plant Tracker (GCPT) results by Global Energy Monitor (GEM), which we completed last month and report f ...
Monday, 03 August 20
U.S. COAL CONSUMPTION, WHICH HAS DECLINED SINCE ITS 2007 PEAK, FELL TO ITS LOWEST POINT IN APRIL 2020 - EIA
According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion ...
Monday, 03 August 20
LOW OIL PRICE AND CORONA VIRUS HIT SUB-SAHARAN AFRICA OIL PRODUCERS - FITCH RATINGS
The collapse in oil prices and the coronavirus shock is worsening the fiscal and external balances of sub-Saharan African oil producers, Fitch Rati ...
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- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Australian Coal Association
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
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