DTE Energy of Michigan will cut its carbon emissions more than 80 percent by 2050 as it moves to cleaner energy sources and away from coal-fired power plants, which it will continue to decommission. It aims to source 75 percent of its power from renewable energy and natural gas power plants, including 6 gigawatts of new renewable energy capacity and investing $5 billion into grid modernization.
"The transformation of the way we produce power is in full swing," said Gerry Anderson, DTE Chairman and CEO. "Like all big transformations, this one won't happen overnight. It needs to be planned carefully and will entail big investments, but that can absolutely be done. We are committed to accomplishing this within the timeframe scientists have laid out, and in a way that works for Michigan's economy, homeowners and businesses."
By the early 2020s the utility plans to reduce its carbon emissions by 30 percent. By 2030 it will reduce its carbon emissions by 45 percent by 2030 and by 2040, 75 percent. DTE already is reducing its emissions. In 2016 DTE retired three coal-fired power plants. Within the next five years it will close down the River Rouge, Trenton Channel and Saint Clair coal plants, it stated.
"Over the past two years we have studied the engineering and economics of Michigan's energy future very, very carefully," said Gerry Anderson, DTE Chairman and CEO. "We have concluded that not only is the 80 percent reduction goal achievable, it is achievable in a way that keeps Michigan's power affordable and reliable. There doesn't have to be a choice between the health of our environment or the health of our economy; we can achieve both."
DTE has invested more than $2 billion into solar and wind projects since 2009. The company’s latest project is the 30 megawatt, utility-scale solar plant in Lapeer, MI, that project is slated begin operations this spring. It is the largest utility-owned solar installation in Michigan. DTE also committed to investing in energy efficiency and reducing energy waste throughout its facilities by a minimum of 25 percent by 2050.Tweet