Will Solar Energy Plummet if the Investment Tax Credit Fades Away?
Wall Street Journal: Many supporters say the abrupt end date of the 30% credit represents a “cliff” for the industry. Without the current incentive, they argue, installation of solar-power systems will plummet, and thousands of jobs in the industry will be lost as a result.
Others, however, argue that the cliff isn’t as steep as it appears, and that solar will continue to grow even without the 30% credit—albeit not as quickly as before.
Amit Ronen, director of the GW Solar Institute and a professor at the Trachtenberg School of Public Policy at George Washington University, argues that the end of the 30% credit will send solar off a cliff. John Farrell, director of the Democratic Energy initiative at the Institute for Local Self-Reliance, says the impact of the tax credit is overstated and the solar market will continue to rise. Full Article:
Large solar projects can be done responsibly
BY SHANNON EDDY, Special to The Bee: As the seventh-largest economy in the world and a clean-energy leader, California plays a key role in shaping the global response to climate change. The benefits of our leadership will be on the world stage later this month during the international climate talks in Paris.
Over several decades, California has successfully advanced the development of renewable energy resources. As a result, the state boasts the highest concentration of solar projects in the nation, including several of the world’s largest. Large-scale solar power plants are enabling California to meet the goals of reducing carbon emissions to 1990 levels by 2020 and generating 50 percent of its electricity from renewable sources by 2030.
Eleakis & Elder Photography
As with any fast-growing, successful industry, it’s essential to ask questions about unintended consequences. We agree it is important to evaluate how the environmental benefits of large-scale solar – carbon reduction, reduced water use and improved local air quality – compare to any negative consequences for people and the environment. Cont'd...
Solar Power Thrives In Chile, No Subsidies Needed
William Pentland, Contributor for Forbes: In Chile’s most recent power auction, the bids from solar project developers came in at between $65 and $68 per megawatt hour (MWh) were considerably more competitive than bids made by coal plants, which were priced at $85 per MWh. Solar power projects were awarded the lion’s share of the 1,200 gigawatt hours (GWh) of electricity contracts sold.
Chile boasts one of the world’s biggest solar resources. High electricity prices and strong demand from Chile’s mining industry have driven demand growth for solar, especially large scale commercial or utility projects.
The total installed solar capacity in Chile increased from less than 4 MW in 2013 to more than 220 MW last year. Nearly 1 GW of solar is projected to be installed in Chile in 2015. Meanwhile, a total of about 8 GW of solar power projects have been approved for development in Chile. First Solar and SunEdison are two of the biggest U.S. solar companies active in Chile. Cont'd...
Say Goodbye to Solar Power Subsidies
Mark Chediak & Chris Martin for Bloomberg Businessweek: In 2016 the U.S. will learn if renewable energy can survive without government support. The most significant tax credit for solar power will expire at the end of 2016, and the biggest one for wind already has. These federal subsidies have provided wind and solar developers with as much as $24 billion from 2008 to 2014, according to Bloomberg New Energy Finance. That’s led to a 12-fold increase in installed capacity over the past decade, helping lower costs at least 10 percent each year.
Combined, wind and solar still generate less than 5 percent of electricity in the U.S. The subsidy cuts come as both industries face stiffer competition from ultracheap coal and natural gas. An NYSE Bloomberg global index of solar stocks, including those of big developers SunEdison and First Solar, has fallen about 35 percent since June. A comparable wind index is down 20 percent. Cont'd...
United Utilities installs Europe's largest floating solar power project on reservoir
By Emily Gosden, Energy Editor for Telegraph UK: Water giant United Utilities is to install Europe’s biggest floating solar power system on a reservoir near Manchester, as it seeks to capitalise on the novel technology to cut its energy costs.
The 12,000 panel, £3.5m development will be only the second of its kind in Britain, dwarfing an 800-panel pilot in Berkshire last year, and will be the second biggest in the world after a scheme in Japan.
Installation of the panels is due to begin on Monday at the Godley reservoir in Greater Manchester, where it will provide a third of the power for a water treatment works.
The system is scheduled to be completed before Christmas, in order to qualify for subsidies before they are due to be drastically cut in the new year. Cont'd...
Texas hits new wind power milestone on Thursday
By Jordan Blum for Fuel Fix: The Texas electric grid hit a new record for wind power use early Thursday, as the state continues dominating the rest of the nation in wind farm growth.
At 12:30 am Thursday, the main Texas grid operator reported that nearly 37 percent of demand was met with wind power. The Electricity Reliability Council of Texas, which manages nearly 90 percent of the state’s electric needs, said it used 12,237.6 megawatts of wind power at the time. That bested a previous record set on Sept. 13 of 11,467 megawatts.
A megawatt powers about 500 typical Texas residences during periods of normal demand.
The new record came the same day as the American Wind Energy Association reported Texas accounted for nearly half of the nation’s wind power growth in the third quarter of the year. Texas added 771 megawatts of wind generation in the third quarter and, nationwide, about 1,600 megawatts were put online. Texas now has about 16,400 megawatts of wind power, according to the AWEA, which is about 10,000 megawatts more than the second and third windiest states, California and Iowa. Cont'd...
UK solar power industry proposes emergency plan to save renewables
Mark Tran for The Guardian: The solar power industry has proposed an emergency plan to rescue renewables, which it says would add just £1 to consumer bills by 2019, on top of the £9 a year that clean technology subsidies cost bill payers.
The scheme is a response to government plans to cut subsidies for rooftop solar panel installations by 87% from 1 January. The Solar Trade Association (STA) has warned the move could cost up to 27,000 jobs and waste public money already spent on supporting the technology.
Solar companies are already going bust as a result of the changes, with an estimated 1,000 jobs lost so far. On Friday, a company backed by the billionaire inventor Elon Musk pulled out of the UK, blaming the government for not supporting the technology.
Zep Solar UK, which is owned by SolarCity where the Tesla boss is chairman, was the fourth UK solar business to close in a fortnight. SolarCity blamed cuts to solar subsidies announced by the Department of Energy and Climate Change (DECC) in the summer.
The STA plan would include higher initial tariffs for subsidies to make investing in the technology viable, with reductions set out to allow the government to control costs and give the industry certainty. The plan would ensure that families, farmers, housing associations and community groups could continue to be involved in the move towards low-carbon power and give them more control over their energy, the STA argues. Cont'd...
As California Rolls Out More Solar Power, Regulators Could Undercut The Industry
Ken Silverstein for Forbes: The fall season is kicking off a sizzling solar power debate in California and one that has the potential to undercut the state’s climate mission.
Utility regulators there are in discussions over how to balance the interest of rooftop solar generators with the utilities on which they will still depend. Just how those hearings are resolved with have implications for the rollout of renewable energy not just in California but also around the country.
At issue is something called “net metering,” which is technical term used to measure the amount of money that rooftop solar generators should get paid relative to retail electricity prices. Utilities, generally, want to offer them the wholesale rate for what they send to them over the grid. Those are expensive wires to maintain and ones that all customers will use, even those who power their homes with solar panels. That’s because the sun is not always shining and the utilities would then have to provide them electricity over their networks.
The present net metering rules in California were set a dozen years ago, with the intent that they would expire when solar penetration reached 5 percent at any of three investor-owned utilities: Edison International’s SoCalEd, PG&E Corp. and Sempra Energy, which is nearing the threshold. Generally, those utilities are paying customers the full retail value for their electricity generated and transmitted. Cont'd...
UK - It could be lights out for solar power under this government
Terry Macalister for The Guardian: Ministers rightly wring their hands over the 2,200 jobs being lost at the 98-year-old Redcar steelworks hit by low-cost Chinese competition. But they seem deaf to warnings of 27,000 jobs being potentially lost in a brand-new industry now facing crisis due to their own clumsy cuts.
Almost 1,000 redundancies have already been made by the solar panel installersMark Group and Climate Energy. No one in the industry believes this will be the end of the sad story.
The latest flashpoint for “green” developers is the government plan to slash the feed-in tariff – which subsidises people installing solar panels on their home – by almost 90%. Meanwhile, an energy-efficiency regime has been scrapped with only a vague promise of a future replacement.
If these were isolated examples, then companies might be willing to hang on in the hope of better things to come. But they are the latest in a series of cuts not just to solar but also to onshore wind, and come at a time when it seems maximum effort is being expended on removing roadblocks to shale-gas frackingand nuclear power. Cont'd...
Renewable Energy Surpasses Coal in the UK
Written by Keith Kohl for Energy & Capital: For the first time ever, more energy in the UK was supplied by renewable sources than coal. For an entire quarter. Wind, solar, and bioenergy checked in at 25% of the energy supplied.
All of this was possible due to the fact that more wind turbines and solar panels were installed, which must be a good amount if you want to compare it to the same period last year, for which these energy options only accounted for 16.4% of electricity.
Recently, the UK has been working to close aging coal and nuclear power plants.
Of course, this will lead to its own issues...
[Solar Panels] Conservative ministers collectively believe that the subsidies given to renewable energy were too numerous, going so far as to suggest plans for an 87% reduction of solar power, and to cut support for onshore wind farms.
With that kind of spending cut, it's not surprising to hear that industry execs believe these actions would unjustly put an end to renewable energy just as it was gaining traction. Cont'd...
SPI 2015: Tax credit sunset preoccupies a fast-maturing industry
By Herman K. Trabish for UtilityDIVE: Solar photovoltaic (PV) installed capacity is expected to reach 7.7 GW in 2015, up 24% from 2014, according to the Solar Energy Industries Association (SEIA) and GTM Research.
From July 2015 to December 2016, the report forecasts the U.S. solar PV marketwill add 18 GW, which is more than the cumulative capacity built by the industry up to the middle of 2014.
But there are some headwinds for the sector. In a sign it has reached a level of maturity achieved recently by the wind industry, solar advocates now face an uphill political battle for the industry's most vital federal incentive
The mandated term of solar's vital 30% federal investment tax credit (ITC), in place continuously since 2008, will end on December 31, 2016. Beyond that deadline, the tax credit provided at the end of a project’s first year of operation will fall to 10% for commercial investments in solar and to zero for residential solar investments.
SEIA is mounting a multi-million dollar lobbying campaign to secure a five-year extension that will get the industry to 2020, when it hopes the Clean Power Plan can take over to help boost growth. Cont'd...
Obama pledges $120M toward solar power, clean energy
By Timothy Cama for The Hill: The Obama administration announced Wednesday morning a series of efforts worth more than $120 million aimed at boosting solar and other clean energy sources.
The initiatives focus on the Department of Energy, where the bulk of the funding will go to programs to develop solar power technology and get it into homes, businesses and other facilities.
“President Obama and Vice President Biden are committed to promoting smart, simple, low-cost technologies to help America transition to cleaner and more distributed energy sources, help households save on their energy bills, and to address climate change,” the White House said in a fact sheet outlining the efforts.
“All told, this funding will drive the development of affordable clean energy throughout the country,” it said.
The actions aim to help out solar power in 24 states, officials said. Cont'd...
Government publishes 'alarming' review of Feed-in Tariff scheme
Consultation process begins on long anticipated review
Solar Industry Commends Today's PUC Decision on Net Metering
"We look forward to continued engagement in these discussions so the state of Colorado can reap the long-term benefits that come from these smart energy policies."
Government Policies Will Remain Key to Europe's Renewable Energy Growth by 2020, says GlobalData
Feed-in tariffs, quota obligations, capital grants, and subsidies will continue to be instrumental in promoting Europe's renewable energy industry growth by 2020
---Renewables accounted for around 40% of the EU's total power generation capacity added in 2014, with Germany the clear leader for installed capacity, says report
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