07/23/2014 - Early stage clean energy businesses based in Illinois will soon get a lift from the state's new revolving equity fund, designed specifically for them.
Governor Quinn says its a way to meet the twin goals of addressing climate change while driving the local economy forward.
Created as a revolving equity fund, The Clean Energy Fund will give startups $100,000 to $500,000 in convertible notes - in areas such as smart grid technology, next-generation transportation, energy efficiency, renewable energy, and water resource management. read more>>>
July 23 2014 - Advocates for renewable energy gathered at Congregation Kol Ami Wednesday to urge the Utah Public Service Commission not to approve a $4.65 monthly surcharge that Rocky Mountain Power has proposed for customers with solar panels on their homes.
Customers of the utility company currently pay a $5 fee — which will become $6 in September — as well as an average fixed cost of $25 that comes with monthly energy consumption. Net metering customers — those with energy-generating systems, such as solar panels or wind turbines — still use the grid but pay less in fixed costs associated with energy use. read more>>>
July 16, 2014 - Just when you understood the role of microgrids in providing energy services, along comes another fast-evolving approach to power distribution, nanogrids. What's more, you probably already use nanogrid-designed systems every day, without realizing it or thinking about it.
Technically speaking, "nano" means super-small, but nothing's miniscule about the market that appears to be coalescing around this concept. By 2023, revenue related to installations could reach almost $60 billion, compared with $37.8 billion by the end of 2014, according to projections by market forecaster Navigant Research. read more>>>
2014-07-16 - Dubai will start work later this year on a public-private sector plan to retrofit 100,000 buildings to meet green building standards, the Dubai Supreme Council of Energy (DSCE) said.
During the first phase of the project, 30,000 buildings will be retrofitted with green technologies at a cost of 2 billion dirhams ($544.5 million), to be funded in partnership with the private sector.
All steps of the retrofitting process are to be completed by 2030, the council said.
"The retrofitting plans, which aim to keep step with the plans for sustainable development and green economy, include mechanisms to reduce electricity and water consumption in those buildings," said DSCE secretary-general Ahmed al-Muherbi. read more>>>
July 16th, 2014 - The German government has allocated $1 billion (£590m) – the largest donation so far – to the UN’s Green Climate Fund (GCF), which aims to help low-income countries face climate challenges and promote a green economy.
The fund, officially opened in South Korea in December last year, is hoping to raise up to $100 billion (£58 billion) to help poor countries develop low-carbon economies and started collecting funds earlier this month.
The announcement of the $1 billion donation was made on Monday by German chancellor Angela Merkel, during the Petersberg Climate Dialogue in Berlin, where international ministers gathered to discuss climate measures. read more>>>
07/15/2014 - Solar Source installed a 30-kilowatt solar panel array at LEGOLAND Florida's Imagination Zone with funding from Tampa Electric's Renewable Energy program. LEGOLAND took the array to the next level, opening a solar power exhibit featuring an interactive 6-foot LEGO Earth model.
Solar Source mounted multi-crystalline Suniva panels to the roof of the Imagination Zone : a hands-on learning & activity center in the theme park.
The new LEGO Earth exhibit demonstrates how solar technology works and allows visitors to manipulate the panels to understand how they generate solar electricity. The solar energy generated on the rooftop powers an interactive exhibit inside of the Imagination Zone where guests can interact with model communities made out of LEGOs. read more>>>
July 16, 2014 - Energy storage, driven largely by electronics and plug-in vehicles, will grow at a compound annual growth rate (CAGR) of 8 percent to $50 billion in 2020 -- with dramatic shifts coming from the transportation industry -- according to Lux Research.
"The automotive market is well on its way to displacing consumer electronics as the biggest user of energy storage. As that happens, it will lead to further scale and a new round of cost reductions, which will impact stationary applications as well," said Cosmin Laslau, Lux Research analyst. read more>>>
July 10, 2014 - Intersolar North America has announced the winners of the 2014 Intersolar Award for Solar Projects in North America. The Intersolar Award program recognizes landmark projects in North America that represent major technological, economic and environmental achievements.
"This year's winners demonstrated how well designed systems that utilize the latest technologies to deliver cost-effective solar energy could benefit a variety of customer requirements," said Markus Elsässer, CEO of Solar Promotion International, an organizer of Intersolar North America. "These projects, from off-grid applications to mid-sized systems to utility-scale installations, highlight solar energy's versatility and show that the industry is well on its way toward maturation." read more>>>
Jul. 4, 2014 - Coal-fired generation to shrink as technology costs move decisively in favor of gas-fired and renewable technologies
The next decade and a half will see renewable energy raise its share of electricity generation capacity in the Americas from 7% in 2012, to 28% in 2030 (excluding the contribution of hydroelectric power), while the share of coal-fired capacity falls from 21% to 9%, according to a major report from research company Bloomberg New Energy Finance. The report, BNEF 2030 Market Outlook, forecasts that North, Central and South America will add 943 GW of gross new capacity by 2030, including replacement plants. Some 522GW will be added in the US, 341GW in Latin America and 80GW in Canada. read more>>>
Jul. 8, 2014 - Brazil’s plan to auction 3.5 gigawatts (GW) of photovoltaic (PV) capacity through 2018 comes as welcome news for the global solar industry as the ambitious plan is expected to catalyze solar growth in Latin America, according to a new report from IHS Technology (NYSE: IHS).
The Brazilian Electricity Regulatory Agency (ANEEL) announced a so-called reserve capacity auction to contract new power-generation capacity to hedge against unexpected drops in power supply. Such drops might include low hydroelectric power levels during drought years.
The next auction is slated for October, and will offer separate categories for different technologies. This approach will benefit the PV market compared to the regular new-capacity auctions, in which multiple renewable power technologies compete, a method that gives an advantage to wind. read more>>>