Renewable Energy News

Long-term financing for solar is possible and critical for supporting continued industry growth

18 hours 31 minutes ago
Installed solar capacity in the United States exceeded 10 MW for the third year in a row in 2018, and the pace of growth is expected to continue. The first quarter of 2019 was the strongest in the history of the U.S. solar market, according to a recent report from Solar Energy Industries Association (SEIA) and Wood Mackenzie Power & Renewables. Yet inefficient and costly project financing inhibits many solar developers from tapping into the market’s true potential.

VPPs with smart inverters offer crucial flexibility to the changing grid

3 days 19 hours ago
Energy generation and consumption is rapidly transforming into a decentralized, decarbonized, and digitized model due to a number of market forces. The declining costs of solar energy systems, as well as the increasing price of energy from the grid has led to grid parity. This has caused PV proliferation to accelerate to such an extent that in the past five years alone, PV installed capacity has increased by 300%. Simultaneously, the EV market is also on the rise and is expected to reach the electrification tipping point by 2030. This is due to support from governments trying to limit the effects of climate change, thus leading to automotive manufactures transitioning their fleets from standard petrol- and diesel-powered cars to EVs. As a result of the acceleration of both of these markets, EV charging has created demand patterns causing an even steeper and faster ramp-up in the evenings than the PV duck curve. , This is causing the grid’s balancing act to be increasingly complex. In order to support this new energy dynamic, advanced management software is required to ensure grid stabilization and to unlock the value of these energy resources.

FERC revises three-year forecast to reflect rapid growth of renewable energy

1 week ago
According to a review by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), within the past month, the agency has dramatically revised its three-year forecast for changes in the U.S. electrical generating capacity mix. Sharp declines are foreseen for fossil fuels and nuclear power while accompanied by even stronger growth in renewable energy (i.e., biomass, geothermal, hydropower, solar, wind) than earlier projected.

Natural Gas beat coal in the US. Will renewables and storage beat gas?

1 week ago
In April 2019, in the heart of coal country, Indiana regulators rejected a proposal by its electric and gas utility, Vectren, to replace baseload coal plants with a new $900 million, 850 megawatt (MW) natural gas-fired power plant. Regulators were concerned that with the dramatic decline in the cost of renewable energy, maturation of energy storage and rapidly changing customer demand, such a major gas plant investment could become a stranded, uneconomic asset in the future. Regulators are now pushing Vectren to consider more decentralized, lower-carbon resources such as wind, solar and storage that would offer greater resource diversity, flexibility and cost effectiveness.

It's time for energy freedom in Alabama

1 week 4 days ago
Alabama is ranked 13th in the nation as having the greatest solar potential, yet only 0.26% of its energy comes from solar, leaving the state far behind others when it comes to total installed solar capacity. According to an annual report produced by the Solar Energy Industries Association (SEIA), Alabama ranked 29th in the United States for solar production in 2018. Solar in the Southeast, a blog dedicated to highlighting the ever-growing southeastern solar market, reported Alabama as ranking dead last in the seven-state southeastern region. By failing to adopt more solar, and other clean energy technologies, Alabama is missing out on lower energy prices, increased jobs in the solar economy, cleaner air and water, and a more resilient power infrastructure that protects our communities.
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1 hour 17 minutes ago
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