NewEnergyNews: Renewables Playing The Market/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Wednesday, March 10, 2021

    Renewables Playing The Market

    …key trends from renewable energy's 2020 prices and some initial takeaways from Texas 2021

    Adam Reeve, March 8, 2021 (Utility Dive)

    “…[The meltdown of Texas’] ERCOT power grid had dramatic implications at the individual project level, as the financial performance of each project was driven by the weather conditions at its particular location…[Detailed analysis of the Texas event crisis is still ongoing, but hourly generation and price data from every available renewable energy project in 2020 shows] takeaways and trends in renewable energy markets…[Many of these trends could] continue in 2021 and beyond, while other new trends are sure to emerge…

    …The value of renewable energy project generation across the country in 2020 ranged from a low of less than $1/MWh to a high of $57/MWh. (Measured as the value of project generation, sold at the nodal/hub real-time Locational Marginal Price (LMP), where project generation is either observed or modeled depending on data availability.)… Generally, we see that the highest-value projects are located in areas of low renewable penetration of the same technology…[P]rojects can distinguish themselves by offering a production profile that is complementary to other renewable energy projects nearby and can capture high-value hours currently underserved…

    …[T]he highest-value project of any renewables project in the country is a wind project in ERCOT West…[Localized congestion elevated prices] and suppressed them elsewhere…In late October 2020, an ice storm affected parts of Texas showing how projects that planned for extreme weather events are best positioned to take advantage of price spikes…Given that high prices tend to correspond to extreme weather, clean energy buyers should also be aware that a project's resiliency during these events has significant financial impacts — and should align incentives in their offtake contracts accordingly…” click here for more

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