No, cheap oil will not kill solar power
As the price of oil has tumbled to five-year lows, solar stocks have fallen with it: First Solar was trading near $72 in mid-September; now it's around $44. Solar City has around $65; now it's close to $50.
Solar energy investors seem to be running for the doors, fearing that cheap oil will erase demand for alternative energy. But it won't, say industry analysts. Oil and solar serve two different customers.
Oil dominates energy demand in transportation fuels, but solar power customers are primarily of two types: public electric utilities and large corporations. Neither of those use oil to generate electricity, and they are not about to start doing so, say analysts.
Less than 5 percent of the world's electricity comes from oil; most of it comes from coal, natural gas, nuclear and, increasingly, solar power. Public utilities sign long-term agreements with solar providers, sometimes spanning 20 years. Those deals are unaffected by oil price changes, said Jeff Osborne, an analyst with Cowen Group.
Utilizing Geographical Information Systems (GIS) for Alternative Energy Projects
With GIS, companies can view, understand, question, interpret and visualize data in many ways that reveal relationships, patterns and trends in the form of maps, globes, reports and charts.
E.ON to quit gas and coal and focus on renewable energy
Germany’s biggest utility firm, E.ON, has announced plans to split in two and spin off most of its power generation, energy trading and upstream businesses, responding to a crisis that has crippled the European energy sector.
E.ON said it wanted to focus on its renewable activities, regulated distribution networks and tailor-made energy efficiency services, citing “dramatically altered global energy markets, technical innovation, and more diverse customer expectations”.
“E.ON’s existing broad business model can no longer properly address these new challenges,” the chief executive, Johannes Teyssen, said in a statement.
Germany’s power sector has been in turmoil, hit by a prolonged period of weak demand, low wholesale prices and a surge in renewable energy sources which continue to replace gas-fired and coal-fired power plants.
E.ON said it would prepare next year for the listing of the new company created by its breakup, with the spin-off taking place after its 2016 annual general meeting.
Why Google halted its research into renewable energy
Back in 2007, Google had a very simple idea for addressing global warming — we just need to take existing renewable-energy technologies and keep improving them until they were as cheap as fossil fuels. And, voila! Problem solved.
That was the logic behind the company's RE-C project, which aimed to produce one gigawatt of renewable electricity for less than the price of coal. The hope was to do this within years, not decades. Among other things, the company invested in new geothermal drilling R&D and put $168 million toward Brightsource's Ivanpah solar tower in the Mojave Desert.
By 2011, however, Google decided that this "moon shot" energy initiative wasn't going to work out as planned and shut things down. So what happened?
In a long essay at IEEE Spectrum, two Google engineers on the project — Ross Koningstein and David Fork — explain the thinking behind the closure. It's not that Google has given up on renewable energy. (The company still spends many millions of dollars buying wind energy for its servers.) Partly it's that they simply weren't on track to achieve their specific goals.
But, more interestingly, the project also made the engineers realize that their original clean-energy goal wasn't nearly ambitious enough. Cont'd...
The Echogen Power Systems Heat Engine
Waste Heat to Power (WHP) creates electricity by heating a fluid at high pressure, then expanding the fluid through a turbine to power an electric generator.
The Pakistan Solar Association
PSA is fighting for zero duty imports until the local solar industry grows enough to address quantity and quality requirements of the solar tenders in Pakistan.
Upcoming Tradeshow, Conference & Exhibition Summary - Jan, Feb, Mar 2015
The end of the year is a very busy time for Renewable Energy Tradeshows, so come January the schedule slows down a bit.
Denmark Aims for 100 Percent Renewable Energy
Denmark, a tiny country on the northern fringe of Europe, is pursuing the world’s most ambitious policy against climate change. It aims to end the burning of fossil fuels in any form by 2050 — not just in electricity production, as some other countries hope to do, but in transportation as well.
Now a question is coming into focus: Can Denmark keep the lights on as it chases that lofty goal?
Lest anyone consider such a sweeping transition to be impossible in principle, the Danes beg to differ. They essentially invented the modern wind-power industry, and have pursued it more avidly than any country. They are above 40 percent renewable power on their electric grid, aiming toward 50 percent by 2020. The political consensus here to keep pushing is all but unanimous.
Their policy is similar to that of neighboring Germany, which has spent tens of billions pursuing wind and solar power, and is likely to hit 30 percent renewable power on the electric grid this year. But Denmark, at the bleeding edge of global climate policy, is in certain ways the more interesting case. The 5.6 million Danes have pushed harder than the Germans, they have gotten further — and they are reaching the point where the problems with the energy transition can no longer be papered over.
U.S. Department Of Energy Loan Program Breaks Even
The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.
The report's findings are more of a political victory than a financial one. It took the program three years to break even after Solyndra's failure, while during that same time the Standard & Poor's 500 index increased 67 percent.
Still, the federal loans program is a success for taxpayers, judging by the numbers in the new report, the DOE said. After Solyndra's 2011 collapse, the program was sharply criticized by Republican lawmakers as a waste of public money and a fountain of cronyism. The outcries mounted as others in the program failed, and the DOE issued no new loans between late 2011 and this year.
"Taxpayers are not only benefitting from some of the world's most innovative energy projects... but these projects are making good on their loan repayments," Peter Davidson, executive director of the Loan Programs Office, said in an interview on Wednesday. Davidson took over the loan program in May of 2013.
Hybrid Energy Sources for the Home
When considering hybrid systems composed of photovoltaic solar panels, geothermal, hydro or wind turbines, the whole is greater than its parts, but you need to understand the best type of energy generation that can be used in your area.
How Solar is Going Mainstream (Batteries!)
The Enphase system intelligently integrates the critical technologies needed to solve solar energy challenges at scale: smart grid intelligence, communications, big data analytics and storage.
Solar Power International 2014 AltEnergyMag Tradeshow Report
AltEnergyMag.com has once again partnered with SPI 2014 to bring all the industry news and exciting new products to help our readers make sense of this key tradeshow. Here we have compiled a list of some product releases from this years show.
Special News Report for SPI 2014
Here are press releases and announcements from SPI 2014. Exhibitors are welcome to post their news here too.
SPI 2014 - Interview with Mark Cerasuolo of Outback Power Technologies
For SPI in 2014, we will be introducing the all-new control capabilities of our OPTICS RE user application. Launched this spring, the OPTICS RE cloud-based user-interface application provides installers and owners of OutBack systems the ability to easily monitor PV/solar system operation, performance and output via an intuitive dashboard from any Internet-enabled device.
SPI 2014 - Interview with Rita Hazen of Joyce/Dayton Corp.
SPI does a good job of organizing the business areas of interest in a logical manner making it easier to focus on those areas that are important to our business.
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