An obscure Washington policy group that opposes almost any government aid for renewable energy has emerged as an influential force in shaping Donald Trump’s plans to dismantle Obama administration climate initiatives. The tiny Institute for Energy Research and its advocacy arm, the American Energy Alliance, work from an office decorated with an oversized photo of an oil derrick in a nondescript building in downtown Washington.
“Renewable energy has reached a tipping point – it now constitutes the best chance to reverse global warming,” said Michael Drexler, Head of Long Term Investing, Infrastructure and Development at the World Economic Forum. “Solar and wind have just become very competitive, and costs continue to fall. It is not only a commercially viable option, but an outright compelling investment opportunity with long-term, stable, inflation-protected returns.”
States continue to help make renewable energy a steadily growing – and necessary – segment of the U.S. energy market. Lawmakers in Washington would do well to emulate their counterparts in state capitols across the country, and recognize the role renewable energy can play in creating jobs and diversifying our nation’s energy supply.
The economic benefits of state renewable portfolio standards greatly outweigh the costs, according to a new report. There are now 29 US states that have adopted renewable portfolio standards targets, and they are benefiting as a result. As it stands currently, state renewable portfolio standards are an important driver of renewable energy generation growth in the US — so the new findings are very worth taking note of, especially as the argument used by most critics of the standards is that the raise electricity costs.
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.”