Imagine a photovoltaic cell or module that actually stores as well as produces energy, acting as a battery and producing power even after dark.
A path to ensure profitable installation for residential solar
The boom in solar energy in the US in recent years? You haven’t seen anything yet. The pipeline of photovoltaic projects has grown 7% over the past 12 months andnow stands at 2,400 solar installations that would generate 43,000 megawatts(MW), according to a report released today by market research firm NPD Solarbuzz. If all these projects are built, their peak electricity output would be equivalent to that of 43 big nuclear power plants, and enough to keep the lights on in six million American homes. Only 8.5% of the pipeline is currently being installed, with most of it still in the planning stages. Some projects will inevitably get canceled or fail to raise financing. But there’s reason to believe that a good chunk of these solar power plants and rooftop installations will get built over the next two years. That’s because a crucial US tax break for renewable energy projects is set to fall from 30% to 10% at the end of 2016. So there will be a rush to get projects online. In 2012, for instance, wind developers installed a record 13,131 MW as a key tax credit was set to expire, accounting for 42% of all new US electricity capacity that year. (The US Congress subsequently renewed the tax break for another year.)
SolarCity Corp. today announced that it has completed what is reported to be the first securitization of distributed solar energy assets. SolarCity completed a private placement in the amount of $54,425,000 with an interest rate of 4.80% and a scheduled maturity date of December 2026. "This transaction is a breakthrough and will pave the way for others, but its greater significance is the validation of the quality of SolarCity's assets," said Bob Kelly, SolarCity's chief financial officer. "SolarCity lowers what is typically the highest operating cost for households and gives them long-term control over that cost. Customers highly value those attributes, and that's why these assets perform so well." SolarCity's pool of solar contracts received an investment grade rating of BBB+ from Standard & Poor's. The rating reflects the predictability and quality of the cash flows and the minimal operation and production risk of solar assets. Distributed solar is one of the first new asset classes to achieve an investment grade rating in the asset back securities markets in the past several years.
GE this fall began pushing a new bit of software wizardry that it says will boost wind farm performance. Looks like E.On is biting. GE said that the Germany-based energy giant would install PowerUp, described as a “customized software-enabled platform that increases a wind farm’s output by up to 5 percent,” at five wind farms. This adds up to 469 GE 1.5-77 wind turbines that E.On uses (through its Climate & Renewables division). GE is suggesting that this is the equivalent of building as many as 19 new turbines of that size, but it’s going to have to prove that’s the case in order to make money off implementing PowerUp for E.On. That’s because this is an “outcomes-based” deal: The companies will measure the impact of PowerUp, and GE will get only a percentage of the gains the technology brings. “The outcomes-based approach aligns well with our goals of providing cleaner, better energy at a more affordable price,” Steve Trenholm, chairman, E.ON North America, said in a statement. “Investment in wind energy has led to technological advancements like PowerUp that continue to make renewables more and more competitive with traditional forms of energy.”
The Obama administration is giving wind power producers a pass by not going after them for the deaths of hundreds of thousands of federally protected birds and bats. But the feds have gone after fossil fuel and other companies that have killed these animals. The U.S. Fish and Wildlife Service currently has 18 open investigations into bird and bat deaths due to wind power operations, according to a service spokeswoman, with 14 of these cases involving the death of at least one golden eagle — which are federally protected under three different laws. Seven of these cases have been referred to the U.S. Justice Department for “potential prosecution.” A spokesman with the Justice Department, however, told The Daily Caller News Foundation that there “have been no prosecutions to date under the Migratory Bird Treaty Act and/or the Bald and Gold Eagle Protection Act related to the deaths of migratory birds, including eagles, at wind facilities.” The Obama administration’s support for wind energy development and inaction against wind producers that allegedly break these laws has sparked the ire of House Republicans. Earlier this month, Republicans on the Committee on Natural Resources sent letters to the administration slamming them for not providing documentation related to bird deaths from wind farms.
With so many major obstacles standing in the way of U.S. offshore wind energy, the plans to launch the renewable energy sites may never come to fruition. Such uncertainty can make it a high-risk investment and turn away many venture capitalists.
The trends we are seeing reflect a broad spectrum of innovations, beyond energy generation (nevertheless a central pillar of clean technologies) to new commercialization models, to energy efficiency, to new applications of advances in materials sciences and molecular structures, and to resource sharing platforms enabled by the web.
The Marine Austere Patrolling System (MAPS) combines solar power and an individual water purifier to help lighten the load of Marines conducting lengthy missions in remote locations with few or no options for resupply.
As Cambodia is located in one of the sunniest areas of the world, solar power provides an excellent solution to the reduction in kerosene use: it's safe; reliable; and easy to use.
There are enormous benefits with osmotic power, namely that it's the cleanest, most reliable source of renewable energy on the planet, it is always available and more cost-effective than solar or wind power, has a small ecological footprint and it recycles natures resources (seawater or wastewater).
A company's brand extends beyond its product. It also includes the way the business conducts itself in the world around it, by the way it treats its associates, and how far it reaches out of its niche to make a difference in the name of goodwill.
Designed for the Battlefield …Indispensable on the Construction Site
The Nigeria Alternative Energy Exhibition (NAEE 2013) ended at ShehuYar' Adua Convention Centre in Abuja after a successful third edition of one of Africa's biggest energy forum.
Utility commissioners in Arizona will decide the fate of rooftop solar incentives this week, in what has become the biggest fight over renewable energy policy in the country. A two-day hearing on the issue at the Arizona Corporation Commission began Wednesday. The Arizona Public Service, the state's largest utility, is asking the commission to change the current policy, which allows homes and businesses with their own solar power systems to sell any excess energy they generate back to the grid. That policy, known as net metering, was first put in place in 2009. The utility argues that customers with rooftop solar aren't paying their fair share to maintain the grid, and has proposed policy changes that would increase prices for those with solar systems. But local solar advocates have accused the utility of trying to kill the state's burgeoning solar industry, and have launched a counter-campaign. As The Huffington Post has previously reported, the fight got interesting when the utility revealed that it had been secretly funding anti-solar ads produced by a national conservative group. After a commissioner asked the company and other groups involved in the net metering debate to disclose how much money they were spending on the issue, APS disclosed that it had spent $3.7 million on PR work. The solar lobby disclosed that it was spending nearly half a million dollars on fighting the proposed changes.
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