PACE (Property Assessed Clean Energy) financing is a municipal funding mechanism that provides up-front financing for commercial and residential property owners to improve their property values and realize the money-saving benefits of energy efficiency, renewable energy and water conservation upgrades utilizing no public dollars.
U.S. wind-energy developers added a record 13,124 megawatts of turbines last year, beating natural gas to become the largest new source of power generation for the first time. In the fourth quarter alone, 8,380 megawatts of wind farms were completed, more than double that of any prior quarter, according to the Washington-based American Wind Energy Association. That amounted to 42 percent of new power supplies, more than any electricity source including natural gas, coal, solar and nuclear. topping natural gas Installations accelerated last quarter as developers raced to take advantage of a federal tax credit that was due to expire Dec. 31, and have slumped this year, according to Rob Gramlich, the industry group’s interim chief executive officer. There are 43 megawatts of wind turbines currently under construction in two states. The production tax credit was extended for one year Jan. 1.
On Monday, the California Public Utilities Commission unanimously approved the sale of power from SolarReserve 's 150-megawatt Rice Solar Energy Project to Pacific Gas & Electric via a 25-year power purchase agreement. This project will be the first large-scale solar project in the state to include energy storage capabilities , SolarReserve reported. * The Rice Solar Energy Project, located in eastern Riverside County and bearing a $750 million price tag, is expected to generate more than 5,300 direct, indirect and induced jobs during its 24-month construction period, the Santa Monica-based company stated. * SolarReserve's energy storage capability comes from the use of thousands of mirrors that focus sunlight onto a central tower containing molten salt, Bloomberg reported, which is funneled through a steam generator to produce electricity. The salt retains heat and can produce power at night. * "Eight to 10 hours of fully dispatchable storage is quite impressive and offers significant benefits to the system that we don't yet know how to quantify fully, but there's definitely value there," said CPUC Commissioner Mike Florio. * According to SolarReserve CEO Kevin Smith , the CPUC was clear that the storage ability was a key factor in approving the Rice contract. "This capability will be crucial as California progresses towards its 33 percent renewable target," said Smith.
The multiphase project, owned by the NaiKun Wind Energy Group, will consist of 550 square feet kilometres, with a total of 396 megawatts (MW) of energy is set for phase one. A total of 110 wind turbines are planned, providing British Columbian residents a cleaner alternative, according to the website. This will cut 450,000 tonnes of carbon emissions each year rather than using natural gas, and power 200,000 homes. Located in Hecate Strait, between Prince Rupert and Haida Gwaii, the NaiKun wind project is giving a much-needed boost to the province’s energy plan of having no carbon emissions come from new energy projects. Meanwhile clean energy, according to the province, accounts for 90% of all energy produced in B.C., which will certainly be given a boost by this new offshore wind farm.
Novozymes A/S (NZYMB), the world’s biggest maker of enzymes used in laundry soap, may get 90 percent of its revenue from biofuel makers by 2030 if more governments startpromoting renewable energy, the company’s next CEO said. The company currently gets about 16 percent of its revenue from biofuels and less than 1 percent from enzymes for cellulosic-ethanol plants, which turn waste and inedible crops into sugary liquids for fuel, according to Peder Holk Nielsen, who becomes chief executive officer on April 1. “If the world really wants to secure a significant part of its liquid-fuel consumption based on biomass, this would totally transform the enzyme business,” Holk Nielsen said in an interview. “This would revolutionize the company.” It’s the most detailed remarks from Holk Nielsen about Novozymes’ strategy since Jan. 21 when he was named to replace Steen Riisgaard as CEO.
The threat that the U.S. Production Tax Credit would lapse on Dec. 31 prompted developers to complete as many projects as they could last month, the London-based research group said. A record 13.2 gigawatts of turbines were installed last year including 5.5 gigawatts in December, the most ever for a single month. Total wind capacity is about 60 gigawatts. “It’s clear that the economics, aided by the Production Tax Credit, drove wind growth in 2012,” said Amy Grace, lead analyst on wind in North America for New Energy Finance. “Capacity was built without any near-term state mandated demand. This means that in most areas, utilities are buying wind power because they want to, not because they have to.” The credit has been extended for a year to cover wind farms that start construction in 2013. Previously it only covered projects that started working by the expiration date.
The main inverter sales in the early days of Trace went to the marijuana growers in Northern California. A young entrepreneur, David Katz was the owner of our main distributor, AEE Solar. They helped to keep the doors open.
The key to implementing CHP is to reduce risk by properly addressing the associated risks: technology guarantees, solid operating and maintenance agreements, long-term natural gas contracts and insurance along with creative financing structured to the individual needs of the property.
In Uniaro Community before the implementation of this project, the community people are used to the traditional energy sources like paraffin lamps , candles and kerosene lanterns for lighting at night. This situation exposed them to various respiratory disease associated with the burning of hydrocarbon based fuel to generate heat and light energy. This is contributed to global warming by the release of CO2 into the atmosphere there having negative effect on the environment.
The CSP industry is going global in an unprecedented rate and there is no way to understand it by confining its development it to one market only. Make no mistake, despite the difficult times, the industry will persevere through the challenging times ahead… but the companies that do not adapt to its changing nature will not.
Iberdrola Ingenieria & Construcción Mexico S.A. de C.V. chose SPG Solar's All-Weather SunSeeker tracker for the largest PV solar installation in Mexico, slated to go into production by year end.
Japan is moving away from reliance on nuclear power plants after the Fukushima disaster, and plplans to build the world's largest offshore wind farm. Officials say the proposal calls for construction of 143 wind turbines on platforms 10 miles off the coast of Fukushima, where the Daiichi nuclear power plant was damaged in the March, 2011 earthquake and tsunami. The wind farm will generate 1 gigawatt of power as part of a national plan to increase renewable energy resources following the post-tsunami shutdown of the Japan's 54 nuclear reactors, NewScientist.com reported Wednesday. The Fukushima prefecture has said it intends to be completely energy self-sufficient by 2040, using only renewable sources, including the country's biggest solar park, which has also been proposed. When completed, the Fukushima wind farm will surpass the 504 megawatts generated by the 140 turbines at the Greater Gabbard farm off the coast of Suffolk in Britain, currently the world's largest farm. "This project is important -- I think it is impossible to use nuclear power in Fukushima again," project manager Takeshi Ishihara of the University of Tokyo said.
When Ken Salazar came into office as Interior secretary, no large-scale solar projects had been approved and the offshore Cape Wind project near the Massachusetts coast had been stalled for years. Since then, Salazar has overseen the first major push to permit renewable energy development on public lands, with Interior giving green lights to dozens of solar, wind, geothermal and transmission projects. Interior's moves were part of a broad green energy initiative that became one of the most-debated features of Obama's first term. Some industry groups have been pressing the administration to switch its emphasis to fossil fuels in the second term so as to capitalize on the boom in domestic oil and natural gas production brought about by technologies such as fracking. In late October, the administration used the approval of a Wyoming site for a 3,000-megawatt wind farm to celebrate the fact that a combined total of 10 gigawatts of renewable energy had won approval on public lands. That particular project still must go through site-specific environmental reviews. “When President Obama took office, he made expanding production of American-made energy a priority, including making our nation a world leader in harnessing renewable energy,” Salazar said at the time.
Several wind manufacturers already are reporting projects ready for construction in 2013, just days after Congress extended the renewable energy production tax credit, an industry group said Friday. Many projects had been put on hold in 2012 because a production tax credit, which gives wind developers a 2.2-cent tax break for every kilowatt-hour of energy produced, was due to expire at the end of the year. Uncertainty over its extension led many wind developers to delay projects until they were certain that the tax break would be available in 2013, according to the American Wind Energy Association. “The wind industry has been reinvigorated by this much-needed signal from congressional leaders,” said Rob Gramlich, interim CEO of the American Wind Energy Association, in a written statement. “Billions of dollars of investment sat idled by uncertainty that now can flow into new wind projects and our manufacturing sector. Congress has sent the necessary signal in extending the PTC and many are able to move ahead—and America’s energy consumers, manufacturing sector, and working families are the winners.”
California's rebate program for businesses and homeowners who install solar panels has now funded enough systems to generate 1 gigawatt of electricity - a level few countries and no other states have ever reached. California officials reported Thursday that state residents have installed 1,066 megawatts of solar systems using rebates from the $2.4 billion California Solar Initiative, launched in 2007 as a way to jump-start the industry. For perspective, 1 gigawatt is roughly the output of two conventional power plants or one nuclear reactor. A gigawatt equals 1,000 megawatts. Both are snapshot figures, representing the amount of electricity generated at a given instant. The rebates decline over time and are now 92 percent lower than they were when the program began. But the number of applications received each year continues to rise as solar power's popularity spreads. As a result, state officials say the program should reach its goal of funding enough installations to generate 1,940 megawatts by the end of 2016.
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