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California Desert Solar Energy Project Gets Approval, Interior Department Nods

With the potential of delivering enough power to energize around 87,500 homes, the administration of United States President Joe Biden shared on Monday about the approval of a major solar energy project in the California desert for the state s public lands. The latest announcement from the Biden administration came after the U.S. President vowed to expand the development of renewable energy projects on public lands across the country. It is also a way for the Biden administration to fight climate change and create job opportunities for the American people. The Biden administration also wants to cut the emphasis on maximizing fossil fuel extraction.

Biofuels want in on the action

US DOI gives green light to 350MW/1,400MWh energy storage project in California

Published: 4 May 2021, 15:41 By: Senior reporter The Crimson Solar Project in southern California could have the capacity to power 87,500 homes. Image: DOI/Tom Brewster. The US Department of the Interior (DOI) has given the green light to the construction of a utility-scale solar-plus-storage project on public land in California. The DOI announced on Monday (3 May) that the Bureau of Land Management (BLM) has given final approval to the Crimson Solar Project, a 350MW solar PV array with a 350MW/1,400MWh energy storage system that will generate power through the Southern California Edison Colorado River Substation. The project will be owned by renewables company Sonoran West Solar Holdings, a subsidiary of utility-scale developer Recurrent Energy and Canadian Solar. It will be built on 2,500 acres of Federal land in Riverside County, according to an impact statement, and is expected to require an investment of US$500 million. The DOI said in a statement that the Cri

Oil Prices Hit 7-Week High On Demand Optimism

-     Air travel is on the rise in the U.S., indicating an uptick in jet fuel demand. -    Jet fuel demand has averaged 1.2 mb/d over the past four weeks, up 200,000 bpd from March levels. -    In March, 1.2 million passengers passed through U.S. airports per day on average. That jumped to 1.4 million passengers per day in April.  Market Movers Valero (NYSE: VLO) to its focus list, raising its price target to $121 per share, up from $95. -    Bank of America upgraded -     Tuesday, May 4, 2021  Oil prices jumped to a seven-week high as markets are pricing in higher demand expectations. As of 8:51 a.m. EDT on Tuesday, the U.S. benchmark WTI Crude was back above $65 per barrel, having touched the highest level since March earlier in the day.

Biden administration OKs massive solar project

A new solar plant in the California desert could power more than 87,000 homes. By Alexandra Kelley | May 4, 2021 Solar panels sit above the first-ever Solar Grove parking lot at the Kyocera Plant June 24, 2005 in San Diego, California. The Solar Grove is an array of 25 solar panels that turns a 186 vehicle parking lot into a 235 Kilowatt solar electric generating system. Sandy Huffaker/Getty Images Story at a glance The Department of the Interior signed off on developing a solar power plant on Monday. Called the Crimson Solar Project, it stands to generate power and store up to 530 megawatts of energy. It will be located in Riverside County in Southern California.

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