QUICK NEWS, 7-21: U.S. WIND, SOLAR TO GROW THROUGH 2020; NEW GEOTHERMAL RISING; CHINESE HAVE RIGHTS IN OREGON WIND BUY
U.S. WIND, SOLAR TO GROW THROUGH 2020 Market Snapshot: Wind, solar expected to lead growth in power plant capacity
Emily Reynolds, July 16, 2014 (SNL)
“An increasing amount of renewable generation is entering into the energy mix, with solar and wind resources making up a growing share of total generation resources. According to SNL data, natural gas could account for about 33% of all power plant capacity in 2020, up 1 percentage point from 2010, while solar and wind capacity is expected to grow 8 percentage points from 2010 to 2020, with solar accounting for 3% and wind making up 9% of total U.S. capacity by 2020.” click here for more
NEW GEOTHERMAL RISING 100 GW Of US Geothermal Power Will Push US Past Gas
Tina Casey, July 18, 2014 (Clean Technica)
“Natural gas has been having a field day…but it looks like the sleeping giant of US geothermal power is being nudged out of its stupor…[The Energy Department]…is plunking down $31 million to rev up a cutting edge geothermal demo project [called FORGE, for Frontier Observatory for Research in Geothermal Energy,] that could enable the US to tap into an estimated 100 gigawatts of geothermal power…The idea is to tap into areas underground where the rocks are hot, but the heat doesn’t have a natural way up to the surface…[It is] called an Enhanced Geothermal System. Ideally, an ESG would create pathways that enable fluid to circulate efficiently through rock, and return to the surface piping hot…[by drilling] into the target area, and then injecting water at high pressure and/or heat to split the rock…[With a ‘fracture network’ and a production well, returning water should be hot enough to transition to steam at the surface or] to heat another fluid to produce vapor…for running a turbine…[ESG construction would not likely lead to the widespread environmental impacts of the natural gas industry in states with weak regulations because] ESG lends itself to the kind of large scale, centralized installations that could fall under federal jurisdiction.” click here for more
CHINESE HAVE RIGHTS IN OREGON WIND BUY Court backs Chinese firm in dispute with Obama
Timothy Cama, July 15, 2014 (The Hill)
“A federal appeals court…[has ruled that when President Obama used a rarely invoked authority in 2012 to prevent Ralls Corp. from buying the four wind farms in Oregon located on or near a naval training facility because of national security concerns, it] deprived Ralls of its due-process rights under the Fifth Amendment of the Constitution…The judges said Ralls should be allowed to see the evidence the Committee on Foreign Investment in the United States used to block the transaction, and should have the chance to respond to the allegations…The committee was formed in the 1970s to stop foreign transactions that could threaten national security. Its proceedings are highly secretive…The panel recommended that Obama block the Ralls acquisitions, and he agreed. It was the first time since 1990 that the authority had been used.” click here for more
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