As wind turbine technology has advanced, wind power prices have plummeted. In the past six years, wind energy prices declined by more than 60 percent and have hit historic lows. Western Oklahoma contains some of the best wind energy resources in the country – some recent wind farms in the area generate electricity for less than 2 cents per kilowatt-hour.
A California-based solar energy company called Sunflare is offering solar panels it hopes will help innovate the industry. After years of research and development, Sunflare says it’s the first company to successfully mass produced light, flexible, and affordable copper indium gallium selenide (CIGS) solar panels that can be installed with ease on practically any surface.
A month after it announced plans to develop a new solar power plant in Gila Bend, Vasari Energy was back in November to double down on its Arizona investment, expanding the plant’s capacity to power more than 7,000 homes. For California-based Vasari Energy it was a smart business move to bolster the company’s planned solar portfolio. But experts said it was just more evidence that Arizona is an ideal state for utility-scale solar projects, a status they expect will continue as the infrastructure needed for solar plants becomes more affordable.
Deepwater Wind expects technicians will start repairs in about a week on a damaged GE turbine at the 30MW Block Island offshore wind farm in Rhode Island. “While we are waiting for the repair work to begin in early January, we are now operating the turbine and expect to do so until the repairs start.”
China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels. The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in a blueprint document that lays out its plan to develop the nation’s energy sector during the five-year 2016 to 2020 period
Clean Line officials said Dec. 22 the timing of the Illinois court case and a schedule set out by the Iowa Utilities Board led the company to the withdrawal. “Under the IUB’s timeline, we would have been required in January to identify specific parcels for eminent domain application in several counties, and we did not wish to do that at this point,” Clean Line Energy Vice President Hans Detweiler said in an email. “We prefer to get resolution of the Illinois approval first, and then revisit the Iowa process.”
Bloomberg’s Chris Martin reports on the declining cost in producing solar energy and his outlook for the coal industry. He speaks on “Bloomberg Technology.”
Given the rather bleak economic forecasts coming out of USDA, it is important for policy makers to understand that any effort to scale back or thwart the continued growth of renewable energy production will only exacerbate these conditions and economically disadvantage a segment of the electorate that helped shape the outcome of the 2016 presidential election.
Electricity prices from Boston to Dallas sank to their lowest levels ever in 2016, presenting new challenges for generators more than a decade after the industry was deregulated. Power prices plunged this year as cheap natural gas cut fuel costs, and wind and solar alternatives came online. Consumers also used less electricity for the second straight year, despite a summer heat wave, amid an industrial slowdown and growing awareness among households and businesses of ways to boost energy efficiency, according to government estimates.
The 50-year license from the Federal Energy Regulatory Commission allows Absaroka Energy, of Bozeman, Montana, to construct and operate the project on a 177-acre site near the tiny town of Martinsdale, home to fewer than 100 people. The facility called the Gordon Butte Pumped Storage Project would use excess power produced by wind farms or other sources to pump water uphill to a 3,000-foot long reservoir, according to the license