Tuesday, August 3, 2021

China mulls stronger clean energy goals, Reports of EV startup Nikola CEO out after SEC fraud claims – pv magazine USA

China mulls stronger clear vitality targets for subsequent 5 years: China is contemplating proposals to speed up its adoption of fresh vitality as a part of its subsequent five-year plan that begins in 2021, because the world’s greatest polluter takes steps to cut back its emissions of greenhouse gases. China’s present objective is to derive as a lot as 20% of its main vitality use from non-fossil fuels by 2030. One choice into consideration is to deliver ahead that focus on, in keeping with individuals aware of the discussions who requested to not be recognized, presumably to 2025. One other proposal is to chop the share of coal within the vitality combine to 52% by 2025, from the 57.5% deliberate for the top of this 12 months, one of many individuals stated. Chinese language renewable vitality shares have been on a tear on hypothesis that Beijing might enhance its necessities for photo voltaic and wind. Supply: Bloomberg

Two Maui photo voltaic and battery storage tasks, slated to cost among the many lowest charges for renewable vitality on Maui, have been submitted to the state PUC for evaluation and approval. Pulehu Photo voltaic by Longroad Improvement is a 40-MW photo voltaic/160-MW-hour battery venture to be developed on 363 acres of land owned by Haleakala Ranch. Pulehu Photo voltaic has agreed to promote its energy to Hawaiian Electrical at 9.2 cents per kWh. Kahana Photo voltaic by Canadian-based Innergex Renewable Vitality is a 20-MW photo voltaic/80-MWh battery storage venture to be constructed on 220 acres of Maui Land & Pineapple land with energy bought to the utility at 8.9 cents per kWh. Hawaiian Electrical stated the Maui tasks will assist allow the retirement of the 72-year-old 38-MW oil-fired Kahului plant in 2024. Supply: The Maui News

New photo voltaic vitality and battery facility coming to Colorado Springs Utilities: Colorado Springs Utilities, a city-owned utility, introduced plans for a 175-MW photo voltaic farm to be coupled with a 25 MW battery storage system, all constructed and put in by Boulder-based juwi. The extra energy will broaden the group’s renewable vitality manufacturing to roughly 27% of Colorado Springs Utilities’ vitality portfolio. It’ll additionally assist to fulfill the brand new state-mandated 80% carbon discount by the 12 months 2030. In late June, the CSU Board handed an up to date Built-in Vitality Useful resource Plan that can pace up the decommissioning of the coal-fired Martin Drake energy plant in downtown. Supply: KOAA News

Nikola probed by SEC, DOJ over fraud claims: The share value of EV startup Nikola has been on a tear since Might, ensuing within the firm’s market cap rising billions (larger than even Ford’s) regardless of none of Nikola’s promised autos really reaching sale. However on September 10, an organization by the identify of Hindenburg Analysis published a report alleging deception and fraud surrounding the credibility of Nikola’s know-how. The allegations have been severe sufficient to immediate the Division of Justice and the Securities and Trade Fee to probe Nikola. Supply: Motor Authority

Breaking news: Trevor Milton out of Nikola Motors : Sources near the embattled gas cell truck producer are reporting that founder Trevor Milton has resigned as Govt Chairman of Nikola Motors and has departed the corporate efficient instantly. Supply: FreightWaves

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