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Author Topic: The Big Picture of Renewable Energy Growth  (Read 17071 times)

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Re: The Big Picture of Renewable Energy Growth
« Reply #285 on: January 24, 2018, 04:57:26 pm »

Climate Nexus Energy Desk mmiceli@climatenexus.org

Companies sign record clean energy contracts ✨, France to double wind power, and more

January 24, 2018:

Companies signed a record number of clean energy contracts last year, with big technology firms leading the way. France announced a ten-point plan to double the amount of wind power by 2023 by simplifying administrative procedures.

The upcoming surge of solar power in Texas threatens $1.4 billion worth of fossil fuels. 

Puerto Rico plans to get 30 percent of its power from renewables, as part of a move to privatize its utility and modernize its grid.
Charts & graphs: 10 trends shaping the power sector in 2018

Greentech Media: Electric Airplanes Could Remake Aviation

Companies signed a record 5.4 gigawatts of clean energy long-term contracts last year -- the equivalent of at least 10 coal-fired power plants. Big tech companies like Apple and Facebook are leading the charge on these investments, even as the administration rolls back policies in support of clean energy. The U.S. led the globe, accounting for 57 percent of total company clean energy contracts. (Bloomberg)

France unrolls its ten-point plan to double wind power capacity by 2023. The plan will halve the time it takes-- currently seven to nine years-- to get wind projects up and running by simplifying administrative procedures. Globally, wind power capacity has grown by an average of 22 percent a year since 2006. The International Energy Agency estimates that in five years global renewable energy will be 30 percent of the power mix. (Reuters)

Nissan is moving into the residential solar-plus-storage business. The company has been looking into how decommissioned batteries from its fleet of Nissan Leaf electric vehicles can be repurposed for energy storage. The Nissan Energy Solar system will include a home energy management system which allows users real-time control over where their power comes from. The systems will initially only be sold in the UK, and will save users as much as 66 percent on their electric bills. (CNET)

An expected boom in solar power is threatening $1.4 billion worth of fossil-fueled electricity generation in Texas. Hefty additions of renewables to the grid are changing the economics of power markets. With an additional 15 gigawatts of solar power expected in the coming years, the increase in power supply to the grid will send wholesale electricity prices down during peak summer demand. Many fossil fuel plants rely on peak demand hours to make their profits for the year. In related news, , construction will begin this week on Texas’ largest utility-scale solar project, a 236 megawatt installation that can power the equivalent of 50,000 homes. (Bloomberg)

Puerto Rico is looking at plans for its grid that include getting 30 percent of its power to come from renewable energy. The goal is part of the governor’s plan to privatize the island’s troubled utility, the Puerto Rico Electric Power Authority. Prior to Hurricane Maria the power authority was running the grid on an outdated system that was 28 years older than the average U.S. electric utility. Months later, less than 64 percent of Puerto Rico’s homes and businesses have power. (Reuters)

Solar advocates are urging regulators in Michigan to reject DTE Energy’s proposal to build a new natural gas plant. Instead, comments filed suggest the utility should look to a combination of solar, wind, energy efficiency and demand response to replace the generation lost from coal plants slated to retire between 2020 and 2030. The coalition of solar advocates estimates that DTE customers could save between $339 million and $1.2 billion from a clean energy portfolio. The filing opposing the proposal also suggests DTE Energy distorted its analysis and underestimated the risks of building a combined-cycle natural gas plant. (Greentech Media)

The Trump Administration 🦀 ruled to place a 30 percent tariff on imports of solar cells and modules . The tariff amount will decline over a four-year period, dropping to 15 percent on year four, and the first 2.5 gigawatts of solar imports annually will be exempt. Solar is the fastest growing new power source worldwide, and employs between 260,000 and 374,000 people in the U.S. The ruling will likely harm solar installers, who rely on low-cost hardware, and could cost the industry thousands of jobs. (Vox)

“The main driver is there are so many more companies demanding it. Large financial institutions have entered the space, and they’re big buyers,” said Kyle Harrison, a corporate energy strategy analyst for BNEF, on historic levels of company procurement of clean energy.

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Send updates or feedback to Samuel T. Frank, Ph.D., at sfrank@climatenexus.org.
Copyright Climate Nexus 2016.

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