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Bloomberg predicts wind and solar will power half the world and bag $9 trillion investment
Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world. [...]
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U.S. solar market soars in Q1 2019
In the first three months of the year, the U.S. installed 2.7 gigawatts of solar photovoltaics (PV), making it the most solar ever installed in the first quarter of a year. With the strong first quarter, Wood Mackenzie Power & Renewables forecasts 25% growth in 2019 compared to 2018, and it expects more than 13 GWdc of installations this year. [...]
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Target commits to 100 percent renewables; signs PPAs to purchase wind and solar energy
On June 12, Target corporation said it was increasing its renewable energy goals by committing to source 100 percent of its electricity from renewable sources by 2030. The goal applies to all of Target’s domestic operations. [...]
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New White Paper explores grid parity and the solar renaissance
Today, solar power has become cheaper than the production cost of any other existing conventional power generation technology. The arrival of grid parity heralds a milestone in the history of energy production. It means solar energy being commercially viable without any subsidies or state support; producing energy with the lowest possible environmental impact. [...]
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Iowa officials consider energy storage tax credit, ‘value of storage’ study
Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation. [...]
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China's Jinko Solar sees more foreign sales as domestic market shaky
JinkoSolar Holding Co., the world’s biggest solar panel maker, sees China’s photovoltaic power additions slumping this year and a greater share of its revenue coming from overseas amid uncertainties over Beijing’s new policies. [...]
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In quest for bigger batteries, California mulls pumped hydro
As the sun sets on California’s solar farms, a backup energy source deep in the Sierra Nevada Mountains springs to life. [...]
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FERC's data shows US renewable generating capacity has surpassed coal
According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), U.S. electrical generating capacity by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) has now - for the first time - surpassed that of coal. [...]
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Alabama Municipal Electric Authority signs 100-MW solar PPA
Today, Alabama Municipal Electric Authority (AMEA) and Lightsource BP announced the development of a 100-MW (AC) solar energy project in Montgomery County, Alabama. Lightsource BP will finance, develop, build, own, and operate the solar facility and will deliver energy to AMEA under a 20-year power purchase agreement (PPA). The project, situated 15 miles from AMEA’s headquarters in Montgomery, will supply clean energy to AMEA’s 11 Member utilities located across the state and will generate e [...]
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Is a 500W solar module in sight?
LONGi Solar this week said that it has invented a new “seamless soldering” technique that could help it produce a more efficient solar module. As a reminder, the more solar cells you can pack into a module, the more efficient it is. And the more efficient your modules, the fewer you need to achieve the wattage you seek in an array. By using less modules, you reduce the overall installed cost of solar. [...]
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LevelTen receives series B funding; arranges 146-MW PPA for Starbucks
Seattle, WA-based LevelTen Energy helps corporate buyers of renewable energy find and purchase energy from solar and wind projects within North America through its procurement platform. The company says its solution reduces the cost, complexity, and risk of renewable energy power purchase agreements (PPAs), by incorporating analytics, aggregation, and process best practices. [...]
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It’s clean, powerful and available: Are you ready for hydrogen energy?
As the world responds to the challenges of climate change, energy systems are evolving, and evolving fast. The past 10 years have seen the rise (and dramatic cost reduction) of renewable energy such as wind and solar, to the extent that they are no longer considered alternative energy. They have become mainstream energy sources. Now, what will be the “next big thing” as the world shifts to a low carbon future? [...]
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Brazil plans to add more solar to its hydro-dominated electricity generation mix
Brazil is the second-largest producer of hydroelectric power in the world, after only China, and hydropower accounted for more than 70% of the country’s electricity generation in 2018. Brazil’s latest 10-year energy plan seeks to maintain this level of hydro generation while increasing the share of nonhydro renewables, particularly solar. [...]
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DC Solar scammers serve as cautionary tale for solar investors
Jeff Carpoff had a lot to celebrate as friends and business associates gathered at his company’s Christmas party last year. [...]
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Project Developer — Oak Leaf Energy Partners — Denver, CO
Responsibilities: Participates as an integral member of the Project Development team;Identifies land parcels meeting the Company’s solar development requirements;Secures land positions for the Company;Supports in-house title in gathering, organizing and analyzing title documents and performing internal title updates;Works with in-house GIS resources to guide land screening activities;Engages landowners in land acquisition discussions about project site opportunities;Supports drafting of LOI [...]
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Iowa pork producers stall utility efforts to upend solar net metering
In their push to upend the economics of rooftop solar, Iowa’s major electric utilities are up against an opponent as politically potent as they are: the state’s pork producers. [...]
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Demystifying bank solar asset management with U.S. Bank, Wells Fargo, and kWh Analytics
Bank asset management is known to be an opaque subject. Thankfully, Diana Weis and Sarah Disch, each co-heads of the Solar Asset Management groups at their organizations, U.S. Bank and Wells Fargo Bank respectively, shared their expertise with me at SAMNA 2019. They each have over a decade of experience in solar finance. Here are three key takeaways bank asset management experts Weis and Disch shared: [...]
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Doing business better: Empowering women through solar energy
Incredibly, 1.1 billion people – 14% of the world’s population – still live without access to electricity. In rural, remote communities, many people simply have no light after sunset. That makes being productive at night—such as working and learning--extremely difficult. Limiting useful hours of the day by access to daylight holds back personal and economic development and wastes human potential. [...]
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CellCube to bring grid scale vanadium battery to South Australia
Renewables firm Pangea Energy and vanadium battery producer CellCube have signed on to build a 50MW storage system alongside a solar farm in South Australia. [...]
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Xcel Energy sets course for coal-free, renewable-heavy future
This week, Xcel Energy announced plans to retire its last two coal plants in the Upper Midwest a decade earlier than scheduled. The acceleration of the coal closures is part of the company’s clean energy transition that includes expanding wind and solar, using natural gas and operating its Monticello nuclear plant until at least 2040. [...]
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20 MW of community solar available for purchase by Xcel customers in Minnesota
CleanChoice Energy on Thursday said it was opening an additional 20.51 MW of community solar capacity for residential customers of Xcel. The new capacity is being supplied by fifteen solar farms owned and operated by AltusPower America in various locations in Minnesota. CleanChoice Energy is the largest community solar provider in Minnesota with more than 85 megawatts of solar capacity. [...]
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How car insurers could help connect community solar with EV customers
The insurance industry has lots of exposure to climate change. But as Warren Buffet has explained, not so much for companies that do annual policy adjustments, like Berkshire Hathaway. Their exposure is limited because the trends are baked into the premiums. But there is an opportunity for reducing insurance risk due to climate change, and it comes from the insurance industry itself. The business model is to have car insurance salespeople provide leads to virtual electric car charging services. [...]
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Clearing up some confusion over community solar in New York
Community Solar in New York has a messaging problem. It is confusing, and even some industry professionals have given up in disgust because of aggressive marketing and a lack of clarity. [...]
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LA is next city to announce 100 percent renewable energy goals
As of 2018, the city of Los Angeles boasted close to 350 MW of installed local solar power, according to reports. Its solar capacity increased some 44 percent year over year. [...]
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