Solar company SunEdison and unit TerraForm Power said they would buy First Wind for $2.4 billion to enter the U.S. wind power market. SunEdison's shares rose 6.6 percent to $17.70, while TerraForm shares rose 1.2 percent to $26.15 in after-market trading. The deal comprises $1.9 billion in upfront payment and $510 million in earn-outs, the companies said. Boston-based First Wind is operating or building renewable energy projects in the Northeast, the West and Hawaii, with a combined capacity of nearly 1,300 megawatts (MW) - enough to power more than 425,000 homes each year. SunEdison raised its 2015 installation forecast to 2.1-2.3 gigawatts (GW) from 1.6-1.8 GW. TerraForm increased its 2015 dividend forecast to $1.30 per share from 90 cents. TerraForm was created by SunEdison to own and operate its solar power plants. TerraForm went public in July. The deal is expected to close during the first quarter of 2015, the companies said.
In this paper, we look at the current state of value of solar (VOS) analysis and propose a more holistic methodology that can be consistently applied across various utility service areas.
The decisions of the European Council indicate the desire for greater integration of European energy markets, with an integration target of 10% by 2030.
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.
According to a new study by Berkeley Lab, distributed solar photovoltaics (PV) are the most immediate threat to investor-owned utilities and their shareholders, by depleting revenue from demand growth and need for capital investments in traditional power plants.
Climate-conscious Americans have long glanced enviously across the Pacific to China and its ever-growing number of often-gargantuan wind farms. It turns out that they have less to be jealous about than previously thought: The United States has more wind energy powering its grid than any other country in the world, says a report by EDF Renewable Energy, the largest third-party provider of operations and maintenance for wind renewable-energy projects in the country. Though China has more megawatts of wind turbines installed than the U.S—about 90,000 to America's 60,000—the U.S. actually produces more electricity that is delivered to the grid, which in turn reaches more businesses and homes. And while China's wind industry delivered less than 138 billion kilowatt-hours in 2013, the U.S.'s delivered more than 167 billion. That's 20 percent more than China. And the U.S.'s generation has been growing steadily since 2008, when it first overtook Germany to become the world's No. 1 producer.
Google, Yahoo and Microsoft are part of a growing number of tech and other major companies that are entering into long-term “power purchase” agreements (PPAs) with wind farms to ensure a steady stream of power, at a fixed cost, over a period as long as several decades. Most recently, last month Yahoo signed such a deal for wind power in the Great Plains with OwnEnergy, a wind energy developer. Google -- which is already carbon neutral and now trying to power itself with “100 percent renewable energy” -- has the longest history here. It has three PPA deals in the U.S. wind sector (in Iowa, Oklahoma, and Texas), and two more in Sweden. Microsoft, meanwhile, currently has two PPA deals with wind installments located near its data centers in Texas and Illinois. The agreements provide 285 megawatts of power to help drive both Bing searches and also its other online platforms, according to Brian Janous, the company’s director of energy strategy. What these deals have in common is that they involve purchasing clean energy in close proximity to the power hungry data centers that these companies operate -- data centers that in turn drive searches, apps like Gmail and much more. “These are very energy intensive operations that these companies are planning on running for years, and they know they need electricity,” says Emily Williams of the American Wind Energy Association.
Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar parks as it tries to diversify its sources of generation amid an energy crisis caused by the worst drought in eight decades. Brazil's energy regulator, Aneel, concluded its first exclusive solar power auction on Friday, clinching 20-year energy supply contracts with companies that will invest 4.14 billion reais ($1.67 billion) and start to feed the national grid in 2017. The 31 solar parks, the first large-scale solar projects to be constructed in Brazil, will have a combined installed capacity of 1,048 megawatts (MW). Market expectations were for projected total awards of 500 MW. "This auction is a mark, not only because it signals the entrance of solar power in the Brazilian energy mix, but because it was one of the most competitive to date," said Mauricio Tolmasquim, head of the government's energy research company, EPE. The auction lasted more than eight hours. The final price for solar power came at around 220 reais ($89) per megawatt-hour, against an initial price of 262 reais ($106), an 18 percent discount. "This is one of the lowest prices for solar energy in the world," Tolmasquim said.
Could a long-vacant cigarette factory in North Carolina build the rechargeable battery that will unlock the future of the clean energy economy? The Swiss-based Alevo Group launched the new battery technology on Tuesday. After spending $68.5m (£42.5m) for the factory, the group said it would spend up to $1bn to develop a system that would get rid of waste on the grid and expand the use of wind and solar power. The project, a joint venture with state-owned China-ZK International Energy Investment Co, aims to ship its first GridBank, its patented battery array, to Guangdong Province this year, going into production on a commercial scale in mid-2015. The container-sized arrays store 2MW and would be installed on-site at power plants. Jostein Eikeland, Alevo’s chief executive, said in an interview that the company had an agreement with the Turkish state power authority, and was in discussions with US power companies. “It’s a gamechanger,” he said. “If we can take some of the massive energy that is wasted today by mismanagement of the grid and inject it where it is needed, everybody wins,” said Eikeland. Eikeland said the company would create 2,500 jobs at the factory in Concord over the next three years.
The recent surge in storage activity has its roots in a general consensus being reached by stakeholders that the technologies are on a path that will enable them to achieve the cost, performance, and reliability targets that have been promised.
Of the top ten states for solar, only New Mexico is what we would consider a traditionally "sunny" state. And most of the top ten is made up of northeastern states, which see plenty of wind, rain, snow, and clouds.
Being very involved in getting environmental permits to build renewable energy facilities, I am very interested in the question of how the industry is going to solve the grid integration issue. Since renewable energy is generated during daylight hours and the highest period of demand is in the evening, there is a mismatch.
Today, Texas only has 200 MW of solar capacity, less than New Jersey, Massachusetts, and a handful of other states.
SolarWorld, the largest crystalline silicon solar producer in the Americas for nearly 40 years, announced that in 2015, it would add a solar-panel production line in Hillsboro to bring the panel-assembly factory's capacity up to 530 megawatts (MW), expand advanced cell production capacity by 100 MW and add 200 jobs. "It is no secret that the last several years have been tough for SolarWorld and for U.S. solar manufacturers in general," SolarWorld U.S. President Mukesh Dulani said. "However, thanks to a variety of factors, including our trade cases against China, difficult but necessary financial controls and a fantastic group of employees, we have turned the corner. Today's announcement shows that SolarWorld is not only here to stay, but it also is ready to extend our leadership in the American solar manufacturing industry." Dulani was joined at a morning news conference by U.S. Sen. Ron Wyden (D-Ore.), chairman of the U.S. Senate Committee on Finance. Sen. Wyden received a commemorative plaque thanking him for his years of support for SolarWorld and its workers during the cases. He also spoke at a SolarWorld employee forum after the news conference.
Have you ever noticed energy blogs or articles about small wind turbines comparing them directly with big wind technology and solar? I am writing this article to provide a little background on where small wind turbines can be very successful and where they make absolutely no sense. It also explains why the market for “Small Wind” is vastly different from that of “Big Wind.” First of all, “Small Wind” has been defined by the American Wind Energy Association (AWEA) as any turbines under 100 kW of rated power. As we all know, 100 kW wind turbines aren’t small! Therefore, others have decided to define them as anything up to 10 kW. For the purpose of this article, we use the same definition as AWEA, up to 100 kW. Full Article:
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