The expansion of solar-powered electricity in the U.S. broke major records last year, accounting for nearly 40% of all new generating capacity. And total installed photovoltaic (PV) power is expected to more than double in the next five years, according to an annual report released today by the Solar Energy Industries Association and Wood Mackenzie, a global energy research and consulting firm. Continue reading “2019 Was a Record Year for U.S. Solar Power”
Fraunhofer ISE maintains detailed records on an hour-by-hour basis of where Germany gets its electricity from. It then makes that information available online on a daily, weekly, monthly, and annual basis in chart form. An alert Twitter user took a look at the data Fraunhofer provided recently for February and noticed something unusual. Germany derived 61% of its electrical energy from renewables last month — the highest ever for the country. Continue reading “Wind Energy Leads Germany To Renewable Energy Record In February”
Bernard Looney, BP’s new chief executive, wants to cut his company’s greenhouse gas emissions down to zero by 2050. To do that, the world’s sixth-largest energy company is committing itself to massive investment in renewable energy, including wind, solar and biofuels.
The U.K.-based energy provider may be more aggressive than its peers when it comes to plotting a carbon-free future, but it’s certainly not alone. Royal Dutch Shell, Total, Equinor and other traditional fossil fuel producers have also recently been diverting significant amounts of capital to renewable energy. Continue reading “The Case For Pivoting Into Renewable Energy”
Florida Power & Light Company (FPL) is set to develop the “largest” community solar project in the US after receiving the go-ahead from state regulators.
FPL’s project will comprise 20 solar plants with a cumulative capacity of 1.49GW. Construction costs are pegged at US$1.752 billion, or US$1,176 per kW.
In a statement, FPL CEO Eric Silagy touted the FPL Solar Together project as the “largest shared solar programme in the country,” with its approval marking “significant forward progress for the solar landscape of not only Florida but the entire United States.”
The development has been backed by solar advocacy groups Vote Solar and the Southern Alliance for Green Energy, as well as by local cities, counties, and prospective corporate customers, 7-Eleven and Walmart. Continue reading “Florida approves ‘largest’ community solar project in US”
Per a latest report by the U.S. Energy Information Administration (EIA), annual electricity generation from wind energy in the nation exceeded hydroelectric generation for the first time in 2019. Impressively, this announcement was in line with EIA’s prediction around middle of last year.
Notably, the ISE Global Wind Energy Index has returned a solid 31.9% in 2019 compared with S&P 500 Index’s 30.3% return. This should encourage investors interested in renewable energy to turn their focus toward wind stocks, in particular. Continue reading “Wind Generation Exceeds Hydroelectric in 2019: Stocks in Focus”
A collection of the UK’s solar stalwarts have welcomed the government’s consultation on allowing solar and onshore wind back into the Contracts for Difference (CfD) scheme.
Details on the consultation emerged on Tuesday (2 March 2020) before being fully unveiled that evening. The document details proposals to include so-called Pot I technologies into future allocation rounds after they were barred from the scheme after just the first allocation round. Continue reading “UK solar heavyweights welcome ‘encouraging’ CfD return”
Italy has approved a new auction scheme, which is set to encourage renewable energy installations in the country.
Plants with a capacity from 1MW can access the incentives through the auction scheme. As part of the scheme, seven bidding rounds will be held until 2021 with approximately 4.8GW of renewable energy capacity to be contracted. The auction scheme has different categories depending on the technology type. Continue reading “Italy’s auction scheme to drive renewable energy installations”
At the start of this new decade, American cities, states and businesses already have come a long way on the road to cutting greenhouse gas emissions to help tackle the climate crisis:
- 155 cities have committed to 100 percent community-wide renewable energy;
- 15 states plus Washington, D.C., and Puerto Rico have official targets to get over 50 percent of their electricity from clean resources;
- Businesses are going beyond merely purchasing renewable energy to investing in battery storage, pairing electric vehicle charging with renewables and matching energy consumption to renewable resources (PDF) on an hourly basis, and
- Many of the largest investor-owned utilities have set decarbonization goals and committed to a clean energy transition.
Costa Rica is blessed with an abundance of free-flowing water which it uses to generate more than 78% of the electricity it needs. But it is committed to getting to 100% renewables as soon as the end of this year. Is that possible? Look at it this way. In 2019, 99.62% of the country’s electricity came from renewables, according to REVE. In addition to hydro, 10.29% was derived from wind turbines, 10.23% from geothermal energy, and 0.84% from solar. Continue reading “Costa Rica Is At Nearly 100% Renewable Energy For Electricity”
The share of renewables in global power should more than double by 2030 as part of a ‘decade of action’ to advance global energy transformation, achieve sustainable development goals and a pathway to climate safety, according to the International Renewable Energy Agency (IRENA). Renewable electricity should supply 57 per cent of global power by the end of the decade, up from 26 per cent today. Continue reading “Renewable energy should make up half of all supply by 2030”