The first round of the Contracts for Difference (CfD) programme — the UK scheme that is designed to support low-carbon generation and a capacity margin in the energy sector — has concluded. Contracts were offered to 27 renewable electricity projects with a total value of some £315 million (US$500 million), which include two offshore wind farms with a total planned capacity of more than 1.1 GW, 15 onshore wind projects and five solar projects. In total, more 2 GW of new low-carbon capacity (including renewables, nuclear and carbon capture and storage) could be built under the CfD scheme.
Iberdrola SA, Spain’s largest electricity company, agreed to buy UIL Holdings Corp. in a deal valued at about $3 billion in cash and shares to create a U.S. utility with about 3.1 million customers.
A June 2014 study by Ceres highlighted the top electric utilities for renewable energy and efficiency. In an article discussing the findings, Utility Dive suggested that there are “wide disparities […] in the extent to which electric utilities currently deliver renewable energy and energy efficiency.” To find the source of these disparities, look n
300 pounds: That’s how much coal was not burned in a distant power plant in December as a result of the solar panels we installed on our house in Wyoming this fall. Being December, it was our lowest monthly generation period, with low sun angles and periodic snow covering our panels. The Copelands’ home solar project. Photo: Creative Energies An as
Google Inc. is making its largest bet yet on renewable energy, a $300 million investment to support at least 25,000 SolarCity Corp. rooftop power plants.
Left, Right, Left, Right... It's been a long battle. More than five years of bickering by both sides. A Republican-led Congress took office almost two months ago, and they, along with many Democrats, made the XL Pipeline one of their top priorities. Meanwhile, almost no other issues have been discussed, virtually no other legislation has passed. It
The leasing market has been a boon for the solar industry, ramping up residential installations for the past several years and with continued growth expected for the near future. Now the folks at ViZn Energy Systems hope to spark that same success for the energy storage market. ViZn has partnered with equipment leasing and financial services firm LFC Capital Inc. to offer a leasing program for its flow battery energy storage systems that are paired with solar PV installations for commercial and industrial microgrid applications.
Homes are billed for electricity based on the amount of energy they consume (measured in kwh). But commercial facilities often get an additional charge for the peak amount of power they consume during each month (measured in kw). These demand charges are designed to compensate the utility for the peak generating capacity that they must provide when large motors, air conditioners and other commercial processes are started up (power draw from motors is highest when the motors start).
The European Commission has unveiled “A Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy,” which is a key plank in the development of its plans for Europe’s energy sector through 2030.
Solar is so cheap, the problem now is how to pay for it. Prices for panels are down more than 65 percent in five years, to less than 70 cents a watt. What's next? One word: financing.