Renewable Energy News
OK, the UK is exiting the EU, Cameron has resigned, Scotland is considering secession, Moody’s put the British credit rating on watch, and 12 shadow ministers of the Labor Party were either sacked or resigned, as the UK’s extraordinary political crisis unfolds. Markets melted on last week, with $2 trillion in value wiped off the globe’s account books — the largest one-day value downgrade in world history.
The North Carolina Pork Council, the North Carolina Poultry Federation, the North Carolina Sustainable Energy Association, the Public Staff of the North Carolina Utilities Commission (NCUC), Duke Energy Carolinas LLC and Duke Energy Progress LLC told the NCUC in a June 27 filing that a break is needed in the interconnection queue process for power projects using animal waste as fuel.
Infrastructure investment firm Connor, Clark & Lunn has announced it will help finance the 12-MW Hunter Creek hydroelectric project near Hope, British Columbia.
Care Technology provides technological solutions to the needs of customers through innovations like energy-efficient LED lighting and transportable heat sources that operate without power racks or induction heaters. We spoke to co-founder Belinda Wong about the production of their sustainable offerings and the benefits of green technology.
As the renewable energy industry matures, the need for smart energy control systems continues to emerge. This is one theme that the two Intersolars are showcasing this year. Intersolar Europe, which took place in Munich June 22-24 saw 1,000+ exhibitors out of which 350 were in the energy storage industry. Intersolar North America, which takes place next week in San Francisco will welcome solar and energy storage companies from across the globe and offer educational workshops on all topics related to smart energy.
The solar market is booming worldwide. The Global Market Outlook 2016–2020 report by SolarPower Europe, which was unveiled at the EU show indicated that by the end of 2015, a total of 229 gigawatts (GW) of photovoltaic (PV) capacity had been installed worldwide, which equates to a 45-fold growth in just ten years. What’s more, the association predicts that this amount could rise to 700 GW by 2020.
Hannah Hawkins, Attorney-Advisor in the office of Tax Legislative Counsel of the United States Treasury was a panelist at the Renewable Energy Finance Forum in New York on June 21 and commented on investment tax credit (ITC) related guidance that Treasury is working on.
A Masdar-led group won the bidding to build a solar power plant in Dubai to produce what could be the world’s cheapest electricity generated from the sun.
Argentina will hold a public auction on August 22 to buy 1,000 MW of renewable energy under an innovative program called “RenovAR” that includes a “green trust fund” to provide security and confidence to investors.
As the energy storage industry gains momentum, it will be increasingly important for consumers to evaluate a number of factors that will impact their returns on investment. It is well known that energy storage systems providing a greater mix of services typically have a more favorable rate of return than those with limited capabilities whether used for applications in front-of-the-meter or behind-the-meter.
Tesla Motors Inc.’s bid to buy the biggest U.S. rooftop solar installer has little to do with selling cars. Rather, it’s about solving two of the biggest problems standing in the way of the next solar boom. And perhaps a good deal more.
When Chief Executive Officer Elon Musk came out last week with his $2.86 billion plan to acquire SolarCity Inc., it was almost universally derided as a risky financial move that threatens to derail the electric car maker at its most critical moment.
That’s undoubtedly true. But in the dozens of analyst notes and news stories that picked apart the deal, there’s been little attention paid to what we’ll call “Tesla Solar” and how it could transform the power sector. It’s actually a really big idea.
Solar Problem No. 1: It’s too complicated
Consider the average homeowner who might be vaguely interested in adding rooftop solar. Where does the process start?
Hydroelectric power developer Gilkes Energy has begun construction on a trio of small hydro projects, all of which are to be located on the Attadale Estate near Loch Carron, Scotland.
Trouble may be brewing in China’s renewable energy industry if idled wind farms are anything to go by.
The nation’s clean-energy investment binge has made it the world leader in wind, accounting for about one in every three turbines currently installed, according to the Global Wind Energy Council. In turn, Xinjiang Goldwind Science & Technology Co., which makes the machines, has pushed past its western rivals such as Vestas Wind Systems A/S and General Electric Co.
Yet even with double the wind capacity, China still produces less electricity from turbines when compared with the U.S. That’s because it’s installing lower-quality machines using less reliable breezes and doing so more quickly than the distribution grid can take in the flows.
When I first got into solar, Florida seemed to be a natural market. After all, it’s the Sunshine State. In spite of the sun, there is one big problem that was holding back the market: the state of Florida prohibits residents from purchasing electricity from a source other than a utility. Unlike all other sunny states in the U.S., third party solar companies such as SolarCity, SunRun and Vivint are prohibited from providing solar leases and PPAs to homeowners. This utility-biased state policy has made it difficult for homeowners to finance their rooftop solar systems.
Fortunately, affordable solar loans are now available in Florida. These low interest and easy qualification loans help homeowners get to positive cash flow (electricity savings > financing costs). As a result, the rooftop solar industry in Florida is finally growing, in spite of the utilities’ anti-competitive policies.
My guest this week is Justin Hoysradt, CEO of Vinyasun, one of the leading residential solar installers in Florida. Please join me on this week’s Energy Show on Renewable Energy World as Justin talks about the opportunities for rooftop solar in Florida, as well as some of their unique requirements — such as mounting systems and panels that can resist hurricane-force winds.
A new issue advocacy group has been formed under the name American Wind Action with the goal of helping elect candidates who are strong advocates for wind power in the U.S.
In the eastern Australian state of Queensland, developers plans to transform a disused gold mine into a 450-MW pumped-hydro storage facility at a fraction of the cost typically associated with pumped-hydro projects.
In the renewable energy industry, many companies worldwide find that distances between offices and installation sites pose a significant challenge for surveying and project management.
Hydroelectric power developer Snowdonia Pumped Hydro has withdrawn its application for environmental permits for the 99.9-MW Glyn Rhonwy pumped-storage plant from Natural Resources Wales.
In part one of this article, we discussed Section 1222 — entitled “Third-Party Finance” — of the Energy Policy Act of 2005. Here, we look closer at Section 1222 put in practice with Clean Line Energy’s Plains & Eastern Clean Line Project