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Week 3, Nov 2020: Australian Mining Giant Fortescue Floats Plan to Develop 235 GW of Renewables
Australian mining giant Fortescue announces plan to develop 235 GW(!) of renewables & hydrogen; Talen Energy ditches 3.6 GW of PJM coal, moves towards solar; DOE releases hydrogen plan; and MISO w/57 GW of solar in queue
1) Fortescue - 4th largest iron mining company on planet, announces plan for 235 gigawatts of renewables & hydrogen. No timeline, but commitment to spend Australian $1 billion through 2023. Plan is to attract billions in financing for projects it IDs. Fortescue has 40 executives working on plan; already visited 23 countries, w/ 24 to go. It aims for net zero on or before 2040.
2) Talen Energy Group strikes deal w/Sierra Club to retire 3.6 gigawatts of PJM power plants in PA & MD, & build 1 GW of solar plants, starting w/100 megawatts adjacent to Montour coal plant late 2021.
3) DOE releases hydrogen program plan, w/aim to coordinate R&D & development activities across agencies "to advance the affordable production, transport, storage, and use of hydrogen across the different sectors of the economy."
4) PV Magazine reports that MISO has 57 GW of utility scale solar in the queue. Typically roughly 20% in the queue gets built. MISO trails ERCOT's 75 GW solar queue, but it's a big step forward. #energy #renewables #solarenergy#hydrogeneconomy #Fortescue
Week 3, Nov 2020: Australian Mining Giant Fortescue Floats Plan to Develop 235 GW of Renewables
Australian mining giant Fortescue announces plan to develop 235 GW(!) of renewables & hydrogen; Talen Energy ditches 3.6 GW of PJM coal, moves towards ...
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