Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Kentucky solar on hold until 2035 unless ‘more competitive’
    Stock Market

    Kentucky solar on hold until 2035 unless ‘more competitive’

    October 21, 20244 Mins Read


    The utilities – both subsidiaries of energy firm PPL Corporation – said that this load growth is expected “despite significant amounts of energy efficiency, customer-installed solar, and other energy-saving activities that are forecasted to reduce load by over 3.5% by 2032”.

    The IRP puts forward plans to add two new natural gas combined-cycle generation units in 2030 and 2031, 400MW of battery energy storage in 2028 and another 500MW – alongside 500MW of solar PV capacity – in 2035.

    In addition to this plan, the IRP presents an “enhanced solar plan” that would install 200MW of solar capacity in 2028, followed by another 200MW in 2030 and 600MW in 2032. LG&E and KU included this plan because “the growth of data centre load is driven by customers with aggressive carbon goals” but said that they will only use it “if requested by customers or solar prices become more economically competitive with other generation”.

    “The idea behind the IRP is to pick a point in time and forecast the best path forward based on the current information that can be modelled,” said David Sinclair, vice president–energy supply and analysis at LG&E.

    “We know there likely will be market and regulatory changes that could impact our actual plans, but we are confident that, given what we know today, the IRP modelling and our recommendation provide us with a solid direction forward.”  

    The IRP also forecasts the retirement of units 3 and 4 of the Mill Creek coal generation plant and unit 3 of the E.W. Brown coal plant in 2035. Last year, LG&E and KU received regulatory approval to replace 600MW of coal generation capacity at Mill Creek with 1GW of solar PV by 2027.

    Replacing coal

    Kentucky has historically been dominated by coal-fired power and moves by utilities to replace it with renewable energy generation have been well received.

    Following the plans to replace coal capacity at Mill Creek, energy advocates applauded LG&E and KU’s proposals. The Kentucky Solar Energy Society called the move a “major victory for clean energy in Kentucky” after the Kentucky Public Services Commission (KPSC) approved the renewables capacity buildout on the basis of the “significant savings” it offers consumers.

    However, decoupling Kentucky from fossil fuel generation is not proving that simple. In March 2023 the Kentucky General Assembly passed Senate Bill 4, which prohibits the KPSC from approving proposals to retire fossil fuel plants “unless the utility demonstrates that the retirement will not have a negative impact on the reliability or the resilience of the electric grid or the affordability of the customer’s electric utility rate”.

    At the time of the Mill Creek ruling above, a representative of the Mountain Association, a nonprofit community financial institution in Kentucky, said LG&E and KU “wanted” to retire all four Mill Creek coal plants “because they are too costly to operate”.

    As shown by the recent IRP and the KPSC’s approval of new natural gas capacity and the deferred retirement of two coal plants last year, the state’s electricity grid is likely to remain reliant on fossil fuel generation for the foreseeable future, despite the high demand for renewable energy among data centre operators.

    In a report earlier this month, the Lawrence Berkeley National Laboratory found that “energy communities” – areas that have historically been built around fossil fuels and have been earmarked for renewable energy subsidies by the Inflation Reduction Act (IRA) – are yet to feel the benefits of the wider US energy transition. Many areas of Kentucky would be classed as energy communities.

    Berkeley Lab said that tax credits in energy communities were “yet to take effect” and that the share of solar projects over 5MW built in energy communities had fallen since 2022.

    Redeux sells solar-plus-storage site near Kentucky coal plant

    Outside of the utility sector, solar and energy storage developer Redeux Energy Partners sold a 200MW/160MWh solar-plus-storage project in western Kentucky to Colorado-based developer Scout Clean Energy.

    The project will connect to the Midcontinent Independent System Operator (MISO) transmission switchyard adjacent to the 400MW DB Wilson coal-fired power plant in Ohio County, Kentucky.

    Michael Rucker, CEO and founder at Scout said: “Redeux Energy has thoughtfully developed this site to date, and we are looking forward to transforming this great foundation into a high-performing solar and battery storage project that will bring significant benefits to Ohio County.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Stock market today: Dow, S&P 500, Nasdaq retreat as tech leads market lower, banks slide after earnings – Yahoo Finance

    Stock Market

    Stock Markets in 2025: Year of the Reboot

    Stock Market

    6 Ultra-High-Yield Dividend Stocks for Safe Income in 2026 and Beyond

    Stock Market

    Dow, S&P 500, Nasdaq Rise; Nike, DJT, Oracle, Nvidia, Tilray, More Movers

    Stock Market

    How five global cities set the pace for technology in 2025

    Stock Market

    Understanding Proprietary Technology: Types, Benefits, and Examples

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    IVPA asks Indian government to reinstate standardised pack sizes for edible oils

    Precious Metal

    Silver Price Forecast – Breakout Momentum and Fed Liquidity Set Stage for $100 Test in 2026

    Commodities

    Ces élus qui défendent les énergies renouvelables

    Editors Picks

    Heavy metal vandal defaces NYC synagogue with menacing graffiti of red eye: cops

    July 23, 2024

    Bank of Israel Unveils Possible Design of ‘Multipurpose’ Digital Shekel

    March 4, 2025

    BlackRock Expands AI and Tech Investment Opportunities with New Active ETFs

    October 22, 2024

    Zoomlion to Showcase High-End Green and Smart Agricultural Machinery at AGRITECHNICA 2025

    November 3, 2025
    What's Hot

    DIRECT. Real – Celta : un Mbappé sur un nuage enfonce le Celta, suivez le direct

    May 4, 2025

    Beyond Dogecoin and Shiba Inu: Exploring the rise of a new cryptocurrency

    May 25, 2025

    Youth, women farmers key to unlocking Nigeria’s agricultural potential – Kyari

    August 18, 2025
    Our Picks

    ‘I haven’t had any contact with them since’

    October 11, 2025

    What’s the $1,000 a month rule for retirement (and why does it matter)?

    September 4, 2025

    Axe hangs over new Royal Berkshire Hospital plan following Chancellor’s statement

    July 29, 2024
    Weekly Top

    Martin Lewis and Octopus Energy’s ‘5pm rule’ for a warm home and lower bills

    February 10, 2026

    Main Reasons Behind China’s Crypto Ban

    February 10, 2026

    All about century bonds and why analysts back Alphabet’s 100-year debt 

    February 10, 2026
    Editor's Pick

    Gold prices fall further as traders assess tariff turmoil

    April 6, 2025

    Massive Attack exit Spotify in protest at Daniel Ek’s military investments

    September 20, 2025

    Mining for talent: Education’s crucial role in America’s clean energy, mineral driven future

    October 15, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.