See on Scoop.it – Green Energy Technologies & Development
The renewable energy covered 32% of the electricity demand in Spain in 2012, with the stake of wind energy hitting 18%, according to data by Spanish electricity grid operator Red Electrica de Espana (MCE:REE), or REE.
See on www.cospp.com
See on Scoop.it – Green Energy Technologies & Development
US Bancorp has invested massive amounts in the renewable energy market, despite the set-backs experienced in the market. This shows confidence in the future of solar, wind, and other
Two weeks ago, Bancorp announced it would invest $100 million with SunPower Corp. (NASDAQ: SPWR) to install solar-power systems on the roofs of 3,000 US homes. Bancorp is the lead investor, with SunPower holding a “meaningful stake”.
[…] So far, SunPower has pretty much secured $530 million in financing for these leased residential solar systems. It has developed some 13,000 leased systems and sold around 47,000 rooftop solar systems to residences who already own their own systems.
See on oilprice.com
See on Scoop.it – Green Energy Technologies & Development
Quanta Services received an engineering, procurement and construction contract from Con Edison Development for two of its photovoltaic facilities.
[…]The scope of work for Quanta Services includes of the complete design, engineering, procurement and installation services for all equipment required for the two 20MWac projects. About 176,000 polycrystalline PV solar modules will be mounted to a single-axis tracking system for both the facilities. The area covered by these facilities is more than 350 acres.
From Oct 2012, the pre-construction activity on the project was started while the project is scheduled to be completed in 2013. New job opportunities will be created through the construction of these facilities which will provide clean and renewable power.
See on www.zacks.com
See on Scoop.it – Green Energy Technologies & Development
A petition filed with the Federal Energy Regulatory Commission (FERC) by a coalition of five wind power companies has led the BPA to have to rethink its generation curtailment policies and contemplate increasing overall transparency in order to facilitate post-event analysis and ensure that transmission services are provided to all entities in a comparable fashion.
The event that led to the initial complaint seemed innocent enough: the confluence of above average snow and runoff, high spring winds and low energy demands (typical during spring and fall) led to an excess power supply. Following its own Oversupply Management Protocol (OMP), the BPA (Bonneville Power Administration) moved to first minimize thermal generation output and then to decrease hydropower, just to the point where dissolved gases from spillover wouldn’t endanger wildlife. At that point, still experiencing an oversupply situation, it signaled for wind generators to curtail production. […]
FERC’s ruling may also lead to an increased interest in centralized energy storage. The ruling, taken in tandem with FERC’s latest ruling on frequency regulation, is certain to have investors considering the merits of building large energy storage projects near the step-up points of intermittent energy sources, both as a way to hedge against curtailment protocols and create new cash flows by providing fast ramping frequency regulation.
See on www.fierceenergy.com
See on Scoop.it – Green Energy Technologies & Development
A relative slowdown in new wind turbine construction in China was offset by increases in the US, Germany, India and the UK
“While China paused for breath, both the US and European markets had exceptionally strong years,” said Steve Sawyer, secretary general of the Global Wind Energy Council (GWEC), which produced the statistics. “Asia still led global markets, but with North America a close second, and Europe not far behind.”
The UK now ranks sixth in the world for installed wind power, with 8.5GW. In Europe, only Germany (31GW) and Spain (23GW) have more. China leads the world with 77GW installed and the US is second with 60GW. […]
The record year for installation in the US was driven by a rush to beat an anticipated end to tax credits: 8GW of the total 13GW were installed in the last quarter of 2012. However, the tax credit has since been extended, meaning a dramatic slowdown in the US in 2013 is less likely. […]
See on www.guardian.co.uk
See on Scoop.it – Green & Sustainable News
Biofuels hold unlimited opportunity to grow the rural economy – WASHINGTON D.C. — At USDA we’ve made record efforts in the past four years to support homegrown energy. This year we’re looking ahead to a promising future for …
We’ve supported more than 200 biorefineries in their efforts to produce advanced biofuels, […]We have also taken steps to identify and expand new markets for these advanced biofuels. […] USDA is working with the Department of Energy and the Department of the Navy to expand advanced biofuels for military aviation and maritime use.
See on www.bladenjournal.com
See on Scoop.it – Green & Sustainable News
Ontario has announced that by the end of this year, the province will become the first jurisdiction in North America to shut down its fleet of coal-fired power plants. This will mark the conclusion of a transition in just over a decade – ahead of schedule – from relying on coal for 25 per cent of Ontario’s electricity supply to ending entirely the province’s use of coal, while…
Date: February 11, 2013 | 2:00PM
Location: Energy, Environment and Experiential Learning Building, Room 210 Campus map: http://www.ucalgary.ca/map/
Speaker(s): Lois Corbett and Tim Weiss
See on www.iseee.ca
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Renewable energy in the U.S. and Canada will rise while the consumption of fossil fuels lessens.Wishful thinking by some people to the contrary, fossil fuels are here to stay for at least the next 30-40 years. In North America this timeframe will be an era of transition as the proportion of renewable energy in the U.S. and Canada will rise while the consumption of fossil fuels lessens.
The increase in U.S. oil production is the result of advances in non-traditional drilling technologies, including oil hydrofracking […]. For its natural gas production, the U.S. is in the throes of a hydrofracking frenzy, producing natural gas in unprecedented amounts. […]
The U.S. trend toward energy self sufficiency represents a precarious situation for Canada’s economic wellbeing since 95 percent of Canada’s energy exports (including hydroelectric power) today go to the U.S. […]
See on theenergycollective.com
See on Scoop.it – Green Energy Technologies & Development
If the fixed income analysts at BMO Capital Markets have got it right, investors can expect another crop of issues by companies whose business is renewable energy, a move, they suggest will generate ‘a gust of income for your portfolio’…
In his view, the level of issuance in 2012 “will easily be surpassed this year,” he wrote in a 24-page report.
Laing makes that argument on the basis that across the land, there are more than 8,500 megawatts in projects at various stages of development “stemming from previous calls for green power.”
Most of those projects are based in B.C., Ontario and Quebec. According to his report, Canada’s wind energy capacity stood at 6,000MW at the end of 2012, up from 140MW in 2000.
See on business.financialpost.com
See on Scoop.it – Green & Sustainable News
Sydney, 7 February 2013 – Unsubsidised renewable energy is now cheaper than electricity from new-build coal- and gas-fired power stations in Australia, according to new analysis from research firm Bloomberg New Energy Finance.
[…] research on Australia shows that since 2011, the cost of wind generation has fallen by 10% and the cost of solar photovoltaics by 29%. In contrast, the cost of energy from new fossil-fuelled plants is high and rising. New coal is made expensive by high financing costs. […] New gas-fired generation is expensive as the massive expansion of Australia’s liquefied natural gas (LNG) export market forces local prices upwards. […]
[…] Australia’s fleet of coal-fired power stations built by state governments in the 1970s and 1980s can still produce power at lower cost than renewables, because their original construction cost has now been depreciated.
“New wind is cheaper than building new coal and gas, but cannot compete with old assets that have already been paid off,” Bhavnagri said. “For that reason policy support is still needed to put megawatts in the ground today and build up the skills and experience to de-carbonise the energy system in the long-term.”
See on about.bnef.com
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