The popularity of solar energy skyrocketed in South Carolina (SC) with the introduction of net metering in 2014 when the state legislature unanimously passed its landmark energy bill. After the introduction of the Distributed Energy Resources (DER) program, the Palmetto State went from having virtually no solar energy to having an installed capacity of 591 megawatts (MW).
As of Q3 2018, the solar industry has deployed a total of 60 GW of capacity across the United States, according to the Solar Energy Industry Association (SEIA). By now, solar PV is no longer seen as a risky investment, but a mature industry.
Vastly higher clean energy targets are essential to empower the international community to make the leap to a sustainable future, according to Richard Heinberg, coauthor of “Our Renewable Future: Laying the Path for One Hundred Percent Clean Energy.” In this interview, he delves into the practical challenges involved in the global transition to renewable power sources.
Developers in the United States believe that there is still room to maintain an adequate level of return for their power-purchase agreements (PPAs). Electricity prices in recent years have plummeted both for PPAs and in the wholesale market. Even so, developers believe that they can benefit from the expected decrease in capital costs and the increasing clean energy interest from companies.
Nonprofits face a unique challenge in the solar-development market. According to a report by Smart Electric Power Alliance, the demand for community-shared solar is soaring, but supply cannot catch up due to a lack of financing options.
Across the nation, new elected officials have been sworn in this January. They can alter the trajectory of clean energy projects in the years to come. Incoming governors may preside over expanding clean energy markets.
In 2013, Chinese president Xi Jinping announced the beginning of an initiative that he would later dub the “project of the century.” The Belt and Road Initiative is a massive infrastructure-integration project undertaken by the Chinese government to improve the connectivity between Asia, Europe and Africa. It effectively covers more than half of the world’s population and a third of the world’s GDP.
The United States Department of Agriculture (USDA) announced that it will invest $398.5 million in projects to improve electricity service in rural areas through its Electric Infrastructure Loan Program. That includes $43 million to smart grid technology in several states to make electricity...
Sens. Tim Scott, R-S.C., and Michael Bennet, D-Colo., wrote to Treasury Secretary Steven Mnuchin asking for the expansion of energy storage eligibility under the renewable energy investment tax credit.
This bimonthly webinar series invites leading practitioners and researchers in the field of energy efficiency to talk about the latest opportunities and developments in corporate, nonprofit and public-private arenas.
In Colombia, one of the most biodiverse countries in the world, the government introduced a tax on fossil fuels of $5 USD per ton of carbon dioxide by late 2016. The regulation was set to start working in 2017.
At Storage East 2018, policymakers, businesses and utilities – the entire storage value chain – convened in Washington, D.C. to discuss the next steps for the Eastern Interconnection in the United States. On Oct. 16, utility companies, power services, and energy developers engaged in a panel discussion on how to best incentivize the rollout of energy storage under current regulatory conditions.
Because energy storage can help the power industry with many problems ranging from intermittency issues hamstringing renewables to energy crises threatening entire population centers, it is being acclaimed by many as the linchpin of tomorrow’s clean energy future.
At the GTM Blockchain in Energy Forum hosted at Pacific Gas and Electric Company in San Francisco on Sept. 11, technology and energy experts focused their attention on emerging blockchain applications aimed at enhancing grid resilience: smart asset management and demand response programs. Blockchain has exploded over the past two years in the power sector.
Climate change, sustainability practices, and investment and asset management were a few of the central topics of the 2018 Sustainable Investment Forum, which met in New York City on Sept. 26. The event brought together banking experts, asset managers, and global institutions – including World Bank Group and United Nations.