The expansion of solar-powered electricity in the U.S. broke major records last year, accounting for nearly 40% of all new generating capacity. And total installed photovoltaic (PV) power is expected to more than double in the next five years, according to an annual report released today by the Solar Energy Industries Association and Wood Mackenzie, a global energy research and consulting firm. Continue reading “2019 Was a Record Year for U.S. Solar Power”
Florida Power & Light Company (FPL) is set to develop the “largest” community solar project in the US after receiving the go-ahead from state regulators.
FPL’s project will comprise 20 solar plants with a cumulative capacity of 1.49GW. Construction costs are pegged at US$1.752 billion, or US$1,176 per kW.
In a statement, FPL CEO Eric Silagy touted the FPL Solar Together project as the “largest shared solar programme in the country,” with its approval marking “significant forward progress for the solar landscape of not only Florida but the entire United States.”
The development has been backed by solar advocacy groups Vote Solar and the Southern Alliance for Green Energy, as well as by local cities, counties, and prospective corporate customers, 7-Eleven and Walmart. Continue reading “Florida approves ‘largest’ community solar project in US”
A collection of the UK’s solar stalwarts have welcomed the government’s consultation on allowing solar and onshore wind back into the Contracts for Difference (CfD) scheme.
Details on the consultation emerged on Tuesday (2 March 2020) before being fully unveiled that evening. The document details proposals to include so-called Pot I technologies into future allocation rounds after they were barred from the scheme after just the first allocation round. Continue reading “UK solar heavyweights welcome ‘encouraging’ CfD return”
For the last five years “repowering” solar sites has been expected to be the next big thing in large-scale projects, or the revamp and replacement of older parts.
Market researcher Wood Mackenzie says this should actually begin to take off in this decade as the global solar base ages.
“The repowering of solar systems allows for production of more electricity while using existing land, interconnection points and other infrastructure, leading to a lower levelised cost of electricity (LCOE),” analyst Lindsay Cherry said. Continue reading “Six Solar Energy Trends to Watch in the 2020s”
While the need for renewable energy around the world is growing exponentially, Lithuanian and German researchers have come up with a novel solution for developing low-cost solar technology. Material, synthesised by Kaunas University of Technology (KTU) Lithuania scientists, which self-assemble to form a molecular-thick electrode layer, presents a facile way of realising highly efficient perovskite single-junction and tandem solar cells. The licence to produce the material has been purchased by a Japanese company.
According to scientists, achieving perovskite-based solar cells, combining low price and high efficiency, has proven to be a difficult endeavour in the past. The particular challenge in large-scale production is the high price and limited versatility of the available hole-selective contacts. KTU chemists have addressed this challenge. Continue reading “Breakthrough innovation enables cheaper solar energy production”
BEIJING (Reuters) – China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues.
The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement. Continue reading “China aims to boost revenue for renewable power firms”
Global supplies of renewable electricity are growing faster than expected and could expand by 50% in the next five years, powered by a resurgence in solar energy.
The International Energy Agency (IEA) found that solar, wind and hydropower projects are rolling out at their fastest rate in four years.
Its latest report predicts that by 2024 a new dawn for cheap solar power could see the world’s solar capacity grow by 600GW, almost double the installed total electricity capacity of Japan. Overall, renewable electricity is expected to grow by 1,200GW in the next five years, the equivalent of the total electricity capacity of the US. Continue reading “Report: Renewable Energy to Expand by 50% in Next Five Years”
Renewable energy has made a breakthrough in the U.K. The third quarter of this year was the first where more electricity was generated from renewable sources than from fossil fuels.
According to new analysis by the climate change analysis site Carbon Brief, Q3 saw 40% of power come from renewables such as wind, biomass and solar, while fossil fuels—almost all gas, as coal and oil now have a negligible share of the U.K. energy scene—accounted for 39% of generation. (The remaining 21% largely came from nuclear.) Continue reading “More Renewables Than Fossil Fuels: The U.K. Reaches an Energy Milestone”
The corporate world has multiple incentives for switching to more sustainable practices. Direct savings realized by business leaders include taking advantage of tax credits and deductions and lowered utility bills. Indirect savings often take the form of increased profits as public relations improve and the company customer base grows.
How Businesses Can Further the Development of Renewable Energy
In the past, certain technologies like wind and solar posed problems for industry leaders due to intermittent outages. However improvements in equipment and storage have made wind and solar power equivalent to the traditional grid in terms of performance and reliability. Here are the reasons to convert your organization to renewable energy and reap the financial rewards. Continue reading “How Businesses Can Further the Development of Renewable Energy”
A new report from BloombergNEF (BNEF) predicts about half of the world’s power will come from renewable resources, including solar and wind, by 2050. The group’s New Energy Outlook 2019, released June 18, noted the trend will be driven by falling prices for solar, wind, and battery storage, along with trillions of dollars of investments in renewable energy projects.
BNEF said hydro and nuclear power will provide more than 20% of the world’s power by mid-century, but global coal-fired electricity production will continue to plummet, with its share of worldwide power generation dropping from 37% today to 12% in 2050.
The BNEF report said wind, solar, and battery storage will enable the power generation industry to meet its share of emission cuts required by the Paris climate agreement, at least until 2030, but other technologies will be needed to continue that trend, according to Matthias Kimmel, the report’s lead analyst.
“To get emissions where we want them to be, we need something else,” Kimmel said. Continue reading “BNEF Report: As Prices Fall, Renewables Rise Worldwide”