Renewable Energy News
SOHAR deep-sea port and free-zone has signed a 600-hectare lease agreement with Shell Development Oman (SDO) for land to set up industrial and commercial solar panels. The port is managed in a joint-venture between the Port of Rotterdam and the Sultanate of Oman.
Last week, independent power producer Silicon Ranch Corporation said that the 53-MW solar array that it built in partnership with the City of Millington, the U.S. Navy, Memphis, Light, Gas and Water (MLGW) and the Tennessee Valley Authority (TVA) is now operational. It’s the largest solar power plant in the state.
Turns out the best place to install a small turbine in the U.S. isn’t the Plains, where winds blow the strongest, but the Northeast where the incentives are better.
In 2018, more than 300,000 residential solar systems were installed and that number is expected to grow in 2019. To make it easier for these green-minded consumers to go solar, last week, two companies, EnerBank USA and Mosaic, each announced offerings that will help solar installers and homeowners gain access to the capital needed to pay for solar PV systems.
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. This has perfect demographics because electric vehicle owners are very receptive to solar electricity. Who wouldn’t want a clean transportation solution with local job creation that can’t be offshore?
With more than 3,000 MW installed in Canada, Siemens Gamesa Renewable Energy is the market leader by cumulative installed capacity
This week global energy and infrastructure group, Eversheds Sutherland, announced that it helped Ball Corporation secure two virtual power purchase agreements (VPPAs) – one wind and one solar – for a total of 388 MW of new renewable energy. According to Ball, these agreements will allow the company to power 100 percent of its corporate, packaging and aerospace operations electricity load in North America with renewable energy by the end of 2021.
This week New York Governor Andrew M. Cuomo announced that $280 million of support is available for energy storage projects.
This week LM Wind Power, a subsidiary of GE Renewable Energy, announced its plan to recruit 300 additional employees at its wind turbine blade manufacturing site in Bergama, Turkey.
The European Commission has approved a €385 million (US$429.7 million) renewable energy scheme to support renewables generation in Lithuania, including hydroelectric power.
A year ago, Tesla Inc. lost its throne as king of the U.S. rooftop solar business to Sunrun Inc. Now, it may get relegated to third place.
The wind farm will produce renewable energy credits that, combined with the company’s previous agreement, should equal 100 percent of electricity used annually at General Mill’s domestic facilities.
Solar energy is now providing the electricity for an entire village in Togo of 4000 people, powering streetlights, homes, schools and shops.
This week Sempra Energy subsidiary PXiSE Energy Solutions announced that Sempra-owned development company Infraestructura Energetica Nova (IEnova) would be using its software at the 110-MW Pima Solar facility located in Mexico to help manage the integration of renewable power to the electric grid.
Xcel Energy has completed the purchase of two wind energy projects in the Upper Midwest: 200-MW Blazing Star 2 in southwest Minnesota and 300-MW Dakota Range 1 and 2 in eastern South Dakota.
Today, Smithfield Foods and Roeslein Alternative Energy (RAE) announced that they have formed a joint venture called Monarch Bioenergy to produce renewable natural gas (RNG) across Smithfield’s hog farms in Missouri.
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:
Through a strategic partnership, Ford will develop an all-new, next-generation battery electric vehicle for Ford's growing EV portfolio using Rivian's skateboard platform
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.
Utilities and other energy experts convene each year at DISTRIBUTECH International (DTECH) to discuss the future of energy and this week Clarion Energy, organizer of the event, announced that the call for abstracts for the 2020 event is open.