Electricity generation from wind, solar and other renewable energy technologies have set monthly records every month so far in 2016, based on data through June released by the U.S. Energy Information Administration (EIA). “Both hydroelectric and nonhydroelectric renewables have contributed to this trend, but in different ways. After a lengthy West Coast drought, hydro generation…
China is installing more solar than ever, molten salt is being used as a battery to generate electricity in Nevada, and a plane just flew all the way around the world using nothing but solar power. Here are six signs that a global shift towards renewable, clean energy is happening right now. The importance of…
The top 20 purchasers of renewable electricity include many of the large technology, consumer goods, and retail companies that are regularly toasted for their electrical hygiene.
Corporate and industrial (C&I) power purchasing agreements (PPAs) are on fire. Although only a handful of companies, universities, and government agencies have executed on PPAs, interest in this contracting mechanism has exploded. Two weeks ago, Bloomberg shared its list of the top 20 institutional renewable energy users in a catalyzing article pointing to the valuable…
Australian engineers have taken us closer than ever before to the theoretical limits of sunlight-to-electricity conversion, by building photovoltaic cells that can harvest an unheard-of 34.5 percent of the Sun’s energy without concentrators – setting a new world record.
Fossil fuels are holding on, but end of their reign is nigh, says a new report from Bloomberg New Energy Finance, which predicts that wind and solar will be cheaper than coal and gas generators by 2027, and electric vehicles could make up 25 percent of the global car fleet by 2040.
Renewable energy accounted for nearly 25 percent of global electrical capacity in 2015, according to a new study, Renewables 2016 Global Status Report, by REN21. The power sector experienced its largest annual increase in capacity ever, with significant growth in all regions. Wind and solar photovoltaic (PV) had record additions for the second consecutive year, accounting for about 77 percent of new installations, and hydropower represented most of the remainder.
It may be time to re-think J. Paul Getty’s famous formula for success: rise early, work hard, strike oil. For energy investors today, a more successful formula might revolve around renewable energy projects — particularly in emerging markets. Taken in aggregate, IRRs for renewable energy projects in the developing world are 28 percent higher than those in EU and North America.
Quantum Renewable Energy Inc. has figured out a way to use wind, solar and other types of renewable energy to generate power for clients in urban settings. The company builds rooftop power plants that not only produce the electricity needed by customers, but also excess power that can be sold back to a utility partner.
Solar and wind power are coming online at rates unforeseen only a few years ago. That’s a good thing if your goal is to decarbonize the energy sector. In places with abundant wind and solar resources, like Texas and California, the price of electricity is dipping more and more frequently into negative territory.