The European Union earlier this year committed to boosting its 2030 renewable energy target to 45 percent under the REPowerEU package, a game-changing ambition that will bring with it a next wave of clean energy installations.
LevelTen Energy's newly released Power Purchase Agreement (PPA) Price Index reveals that North American P25* solar and wind PPA offer prices increased 9.6% to $45.93 per MWh in the third quarter of 2022. Year-over-year, prices have increased 34%.
America and other nations are taking a stance against Russia since the country invaded Ukraine. The Biden-Harris Administration established immediate sanctions, which negatively impacted America's economic stability.
Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association:
Renewables like wind and solar require at least 10 times more land per unit of power than coal or natural gas-fired plants. Yet, many people consider them more sustainable than fossil fuels because they don't directly emit greenhouse gasses.
The U.S. solar industry employs more than 230,000 workers, as of 2020, at more than 10,000 companies across every state. Imagine the possibilities, much like business leaders around the world are imagining today.
As supply chain challenges persist, the solar industry awaits massive growth with the potential passage of the Build Back Better Act
Electric Vehicle Sales Headed for Five and a Half Million in 2021 as Automakers Target 40 Million Per Year by 2030
Passenger electric vehicle sales are set to jump over 80% in 2021, to 5.6 million units, off the back of unprecedented industry and government commitments around the world over the last two years.
What got us till here may not be sufficient to take us to the finish line. Persistent efforts at an accelerated pace in the right direction is vital to reach decarbonization goals by 2035.
Low-income community members can also access affordable solar power when utilizing tax incentives. Part of Biden's two trillion-dollar funding through the Build Back Better plan supports tax credit extensions.
U.S. installed 26 gigawatts of new clean power in 2020; 170 GW of capacity enough to power 50 million homes. Industry employs 415,000 Americans and has invested $334 billion in the U.S. economy since 2005 with more growth coming.
The U.S. Department of Energy and the White House have made offshore wind a centerpiece of plans to strengthen the nation's energy infrastructure, announcing a goal to deploy 30 gigawatts of offshore wind by 2030-a huge leap from the 42 megawatts currently in operation.
The EU's proposed sustainability legislation poses hydrogen manufacturers a problem - if grid electricity is used in production, it will not be considered green. So, what's the solution? Here, we consider wave power as an off grid alternative
President Biden recently introduced a massive infrastructure bill designed to reshape the U.S. economy while addressing infrastructure reform. Biden's stated goal is to achieve 100 percent carbon-free power by 2035.
New tech can gather data about energy distribution and storage, for instance. This step can further reduce costs as workers can store more energy on sunny days so it doesn't go to waste.
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