News

Global power sector emissions to peak in 2026: Report

Source: By Susanna Twidale, Reuters • Posted: Monday, June 19th, 2017

Global emissions of greenhouse gases from the power sector are expected to peak in 2026, but will still be some way above levels needed to limit temperature rises in line with the Paris climate agreement, research showed on Thursday. Overall, $10.2 trillion will be invested in new global power generation between 2017 and 2040, with renewable power sources such as wind and solar accounting for almost three quarters of that, a report by Bloomberg New Energy Finance (BNEF) said.

Big business sees the promise of clean energy

Source: By The Economist • Posted: Monday, June 19th, 2017

Executives fear the exit will do no good to America’s—and by implication their—reputation. Not for nothing have more than 900 American firms and investors, including Amazon, Twitter, Target and Nike, put their names this week to a “We are still in” open letter to the UN. Its signatories pledge to help reduce the country’s carbon emissions by 26% by 2025, in keeping with America’s Paris pledge. That may be quixotic but is a rallying cry nonetheless.

Portland to foot SoloPower’s bill after company defaults on $10 million loan

Source: By Jessica Floum, The Oregonian • Posted: Monday, June 19th, 2017

A company once pursued for its promise of green jobs will cost the City of Portland $5 million after defaulting on a $10 million state loan. Portland paid millions to lure SoloPower Systems to the city but will now have to pay much of the $8.1 million left on a state loan the company failed to pay. The Portland Business Journal reported Wednesday that the company defaulted on a $10 million loan from the Oregon Department of Energy. It stopped making payments in September. Portland made two payments of $119,000 toward the loan in April and May, said Oregon Department of Energy spokeswoman Rachel Wray.

Nevada reinstates key solar energy policy

Source: By Nichola Groom, Reuters • Posted: Monday, June 19th, 2017

Nevada Governor Brian Sandoval on Thursday signed a bill to reinstate a key rooftop solar policy and bring national residential installers Tesla Inc’s solar division and Sunrun Inc back to the state after an 18-month absence. Last week, state legislators passed the bill, which requires utilities to purchase excess power generated from rooftop solar panels at near the full retail rate. Known as net metering, the buy-back policy is critical to making residential solar affordable.

Apple Issues a Second Green Bond to Finance Clean Energy

Source: By Alex Webb, Bloomberg • Posted: Friday, June 16th, 2017

Apple Inc., which issued the biggest green bond ever sold by a U.S. corporation last year to finance projects fighting global warming, is doing it again. On Tuesday, the iPhone maker issued a $1 billion green bond to fund renewable energy generation. It builds on $1.5 billion worth of bonds the Cupertino, California-based company sold a year ago to further its goal of running 100 percent of its operations on renewable energy.

Oil firms to increase wind and solar investments

Source: By E&E • Posted: Friday, June 16th, 2017

The oil industry will step up investments in renewable energy as firms fall behind on discovering new crude reserves, according to separate reports published Monday. Since oil prices began falling in 2014, proved liquid reserves have dropped 15 percent to around 100 billion barrels.

Wind power group’s new ad campaign aims to win over Trump

Source: By Timothy Cama. The Hill • Posted: Friday, June 16th, 2017

The wind power industry is launching a major new advertising campaign to convince the Trump administration and lawmakers of the industry’s benefits to the economy. American Wind Action launched last year to advocate for pro-wind policies, said it is spending millions of dollars on what it’s calling an education campaign.

Proposed Wisconsin Transmission Line Splits Environmental Groups In Midwest

Source: By Chris Malina, Wisconsin Public Radio • Posted: Friday, June 16th, 2017

A proposed transmission line that would span from southeast Iowa to Middleton has environmental activists split. Despite being in the planning stages, the Cardinal-Hickory Creek Transmission Line has emerged as a divisive issue in the region. While the exact route hasn’t been finalized, the line would crisscross the Driftless Region of Wisconsin, with the intent of connecting wind farms in the area to the power grid.

While California, New York push hard on clean energy, Texas hopes the market is enough

Source: By Mitchell Schnurman, Dallas Morning News • Posted: Friday, June 16th, 2017

“There was a desire to just let the market do it,” said Gavin Dillingham of the Houston Advanced Research Center. This is what passes for energy policy in Texas in 2017, at least at the statehouse. In contrast, the governor of California recently met with leaders from China and Germany to strengthen ties on climate change and clean energy. New York is reshaping its electricity system and setting ambitious goals for renewables and emissions. Nevada has pushed several bills to spur energy storage and more wind and solar.

Tariffs would cost 88K jobs — trade group

Source: Christa Marshall, E&E News reporter • Posted: Friday, June 16th, 2017

The U.S. would lose a third of its solar jobs if the Trump administration adopts tariffs under consideration by the U.S. International Trade Commission, according to data released by the Solar Energy Industries Association. Overall, an estimated 88,000 jobs would disappear if American manufacturer Suniva Inc. is successful in its trade case in favor of the new tariffs, SEIA said.