Renewable Energy News

Nova Innovation Leads $22 Million European Tidal Energy Project

Renewable Energy - Fri, 2017-07-07 05:11

Scottish tidal energy company Nova Innovation is to head a consortium of nine leading industrial, academic and research organisations in a major new European project.

Categories: Renewable Energy

BlackRock Beats $1 Billion Green Power Goal With Second Fund

Renewable Energy - Thu, 2017-07-06 07:46

BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets.

Categories: Renewable Energy

EDF Acquires Offshore Wind Farm Operations and Maintenance Specialist

Renewable Energy - Thu, 2017-07-06 05:14

French utility EDF Energies Nouvelles today said that its Reetec subsidiary acquired the German company Offshore Wind Solutions GmbH (OWS), which specializes in offshore wind operations and maintenance (O&M).

 

Categories: Renewable Energy

How One Small US Town Will Save Millions with a Microgrid

Renewable Energy - Wed, 2017-07-05 14:29

The little U.S. town of Sterling, Massachusetts is getting a lot of attention these days. Not only has the Sterling Municipal Light Department (SMLD) been winning awards for its new solar+storage microgrid, the town is also getting visitors from Germany, Japan, Norway and many other countries who want to check it out.

Categories: Renewable Energy

The Tale of Two Sisters — Natural Gas and Electricity in New York and Ontario

Renewable Energy - Wed, 2017-07-05 09:39

Earlier this year, Malini Giridhar, vice president of market development and public and government affairs, Enbridge Gas Distribution, spoke at the Ontario Geothermal Association’s Annual Conference. Malini shared her insights of just how Enbridge might work to bolster geothermal heat pump (GHP) growth in Ontario.

Categories: Renewable Energy

Vattenfall Splits Wind Business; Creates Offshore, Onshore, Solar+Storage Units

Renewable Energy - Wed, 2017-07-05 08:06

Swedish utility Vattenfall this week said it has split its wind business into three units comprising offshore, onshore and solar+storage services.

Categories: Renewable Energy

Massachusetts Sets 200 MWh Energy Storage Target

Renewable Energy - Wed, 2017-07-05 07:01

The Massachusetts Department of Energy Resources (DOER) last week established a 200-MWh energy storage target for the state to be achieved by 2020.

Categories: Renewable Energy

Massachusetts Utilities Issue Offshore Wind RFP

Renewable Energy - Wed, 2017-07-05 05:17

Three Massachusetts utilities last week issued a request for proposals (RFP) for long-term contracts for offshore wind generation and associated renewable energy credits totaling 400 MW.

Categories: Renewable Energy

Aggreko Buys Energy Storage Startup Younicos for £40 Million

Renewable Energy - Mon, 2017-07-03 10:55

On Monday, Scotland-based Aggreko announced that it would be acquiring Germany-based energy storage company Younicos for £40m.

Younicos delivers modular and scalable smart energy storage and has over 200 MW of installed storage systems, with a strong pipeline across both developed and emerging markets. The Younicos CEO, Stephen Prince, will report directly to Chris Weston, Aggreko Chief Executive. For the calendar year 2016, Younicos had revenues of £7m and made an operating loss of £15m; gross assets at 31 December 2016 were £20m. Aggreko expects it to be loss making in the short term and therefore earnings dilutive. The investment will be made in cash.

Chris Weston, Aggreko Chief Executive, said: “As energy markets continue to decarbonize, decentralize and become more digital, the integration and control of multiple energy sources, including thermal and renewable, will be essential to ensure the provision of reliable power.

“As a pioneer of smart energy solutions based on battery storage, Younicos is at the forefront of this trend. Together we are a powerful combination; our scale, fleet and global presence, coupled with a smart energy capability, will allow us to open up new markets and provide our customers around the world with a reliable, cheaper and cleaner source of energy.”

Categories: Renewable Energy

Live Free or Die State Celebrates Energy Independence by Removing Net-metering Cap

Renewable Energy - Mon, 2017-07-03 07:50

In late June, solar energy stakeholders in New Hampshire rejoiced when the public utilities commission (PUC) released new order effectively removing the solar net-metering cap in the state.  

The new order allows all customers with systems of <100kW to receive a monthly excess export bill credit up to 100 percent of the energy and transmission costs and 25 percent of the distribution services. Customers will still be required to pay non-bypassable charges such as the system benefits charge, stranded cost recovery charge and the state electricity consumption tax on the full amount of their electricity imports for the grid. New customers with solar or small hydro will receive new meters that will measure both total imports and total exports. 

Categories: Renewable Energy

Rural New York Building Gets Microgrid for Resiliency

Renewable Energy - Mon, 2017-07-03 06:51

Ideal Power has teamed up with Azimuth Energy and Wright Architects to retrofit a building in rural New York with a solar-plus-storage microgrid for backup power during grid outages.

Categories: Renewable Energy

China Issues First Allotment of Green Power Trading Certificates to 20 Renewable Energy Projects

Renewable Energy - Mon, 2017-07-03 05:21

The China National Renewable Energy Center recently approved and issued the nation’s first lot of green power trading certificates to 20 renewable energy projects as a part of the country’s upgraded policies as concerns renewable energy generation, green certificates, and the green certificate trading scheme.

 

Categories: Renewable Energy

Pages

RMC facebook RMC twitter
Scroll to Top