POV: Power Breakfast

Power Breakfast for May 11, 2016

India's electricity consumption to increase by 4x; Wyoming considering a tax increase on wind-generated electricity; The advanced energy industry's workforce is expected to grow by 7 percent


POV: Power Breakfast

A nearly daily update of energy-related news:

  • By 2030, India’s electricity consumption is expected to increase by four times the current amount (from 1.1 trillion units to 4 trillion units).  Part of this demand is expected to come from the 230 million people who will have access to electricity for the first time. Coal and Power Minister, Piyush Goyal, said “Indian electricity sector, to my mind, is possibly the biggest business opportunity the world has to offer today.”
  • The legislature in Wyoming is considering increasing the state tax on wind-generated electricity. The current tax of $1 per MWh brought in $3.8 million in revenue. Any additional revenue will be allocated to covering the state’s budget shortfall.
  • A report released by the Texas Advanced Energy Business Alliance shows that the state’s advanced energy industry employs approximately 143,000 workers. Employers in this sector are expected to increase their workforce by 7 percent. Advanced energy represents a $16 billion industry in Texas.
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