E.ON is building the 440-megawatt Big Raymond project in Texas and will sell 200 MW of the power to Austin Energy through a 12-year power purchase agreement. E.ON is also building the Peyton Creek and Cranel projects in Texas and plans to launch them later this year.
Global spending on wind is expected to hit $1.6 trillion by 2050, with $11 trillion expected for zero-carbon technologies in general, according to a BloombergNEF report. During that time, wind and solar will continue to become more economical than coal and natural gas, the report says.
Ten Rust Belt states could save $4.7 billion on human health expenses by 2030 if they move forward with their existing renewables targets, according to a report from MIT. "This research shows that renewables pay for themselves through health benefits alone," says lead author Emil Dimanchev.
The third-annual Time for Turbines conference for offshore wind is taking place in New Jersey today, and provides stakeholders from various facets of the industry to come together for networking and education, says Norah Langweiler of Jersey Renews. The conference was planned by Jersey Renews and the Business Network for Offshore Wind.
Sen, John Boozman, R-Ark, toured LM Wind Power's facility in Little Rock, Ark., on Wednesday in honor of American Wind Week and to learn more about its manufacturing process. "Wind power is a crucial component of an all-of-the-above energy strategy and supports Arkansas jobs," Boozman says.
Maryland Gov. Larry Hogan unveiled a new task force on Wednesday that would study the effect of wind and solar on rural areas and overcome obstacles hindering the industry's growth. Maryland has a goal to source 50% of its electricity needs from renewables by 2030.
The Environmental Protection Agency believes that California's Proposition 65 program is "flawed" and confuses the public, stated the agency's top administrator following a dispute over the safety and labeling of glyphosate. "We will not allow California's flawed program to dictate federal policy," said EPA Administrator Andrew Wheeler.
Chemical recycling bills are now in place in several states and will help them recover and reuse materials, appeal to investors and spur their economies, says Craig Cookson of the American Chemistry Council. Ohio and Illinois can add $820 million and $310 million to their economies, respectively, by converting a quarter of their post-consumer plastic waste into new materials, the ACC says.
The secretariat of the Stockholm, Basel and Rotterdam conventions in the UN is launching a global effort to reduce hazardous materials in plastics. The initiative will study options to improve plastic waste management, how current policies effect the issue and study how plastic waste travels across borders.
China National Chemical is preparing to hold an initial public offering for Syngenta and may launch it as early as mid-2020. It would reportedly be the largest IPO ever seen in the chemicals sector.