Nuclear Power ‘Cannot Rival Renewable Energy’

nuclear power plantNuclear power is in terminal decline worldwide and will never make a serious contribution to tackling climate change, a group of energy experts argues.

Meeting recently in London at Chatham House, the UK’s Royal Institution of International Affairs, they agreed that despite continued enthusiasm from the industry, and from some politicians, the number of nuclear power stations under construction worldwide would not be enough to replace those closing down.

The industry was disappearing, they concluded, while the wind and solar sectors were powering ahead. Continue reading “Nuclear Power ‘Cannot Rival Renewable Energy’”

BlackRock achieves record close of $1bn for renewable energy fund

Solar energy farmAmerican investment company BlackRock has announced that is has achieved $1bn for the first close of its Global Renewable Power III (GRP III) fund. The company stated that it has received commitments from 35 investors in Asia, Europe and North America.

GRP III is the third in a series of funds established by BlackRock to invest in renewable energy generation, energy storage and distribution, a market the group says is now mainstream for the power industry. Continue reading “BlackRock achieves record close of $1bn for renewable energy fund”

What If You Could Pick Your Renewable Power Source And Pay Less For It?

Imagine if you could buy your power directly from a renewable power plant of your choice and pay less for it than you currently pay for electricity from the grid.

No longer would you need to install solar panels on your roof, or buy nonspecific green energy credits to get your renewable power. Instead, you could point to a specific wind farm or solar array and say conclusively that your power was purchased from that plant.

It’s possible. And it’s happening right now in Texas, where a startup called RPD Energy connects local renewable plants with commercial customers. RPD has partnered with Intuit (maker of TurboTax, QuickBooks, ProConnect and Mint) and a retail energy provider—Just Energy—to make it happen.

The program, launched earlier this summer, is called Purely Green. By leveraging Intuit’s larger, corporate wind power procurement, the program will allow tens of thousands of residential and small business customers to purchase power from a specific wind farm—EDP Renewables’ Lone Star II wind farm located near Abilene, TX—at prices that are generally below prevailing market rates. Continue reading “What If You Could Pick Your Renewable Power Source And Pay Less For It?”