Wind Turbine Manufacturers Hit Turbulence
The shakeout in wind turbine manufacturing industry is starting to produce winners and losers after increasing competition gutted margins. Wind is one of the lowest-cost forms of energy generation and getting cheaper, with turbine prices down more than 50 percent in the past decade. That has hurt profit and spurred gloomier market outlooks from wind machinery makers from General Electric Co. to Vestas Wind Systems A/S.
Electricity is the ‘New Fuel of Choice’ Says IEA
According to the International Energy Agency, “2018 is the year of electricity” and global electricity supply “is being transformed by the rise of renewables”.
Governors Urge FERC To Consider the Renewable Benefits of One Unified Electricity Grid
The so-called “Seams Study” conducted by NREL and presented at POWER-GEN International in December 2017 during a session called #RocktheGrid is the basis of a new proposal put forth by a group of 18 U.S. governors. The bipartisan Governor’s Wind and Solar Energy Coalition sent a letter on November 9 to the Federal Energy Regulatory Commission (FERC) urging commissioners to consider the benefits to the entire country of one unified electricity grid.
California CCAs Double Renewable Energy Commitment, Adding 1 GW Capacity, in One Year
The California Community Choice Association (CalCCA) announced this week that community choice aggregators (CCAs) in the state have signed long-term contracts with new renewable energy facilities totaling more than 2,000 MW (2 GW), reflecting a strong commitment by CCAs to drive clean energy and economic development in California and help the state achieve ambitious decarbonization and climate change goals.
Solar and Wind Now the Cheapest Power Source Says BloombergNEF
Unsubsidised solar and onshore wind are now the cheapest source of new bulk power in all major economies except Japan thanks to falling technology costs.
Gravity-Based Energy Storage Hits the Market
Earlier this month, Energy Vault, an Idealab company, announced the commercial availability of its energy storage solution that is based on the principles that underpin traditional gravity-based pumped hydro plants.
PG&E's Wildfire Crisis Could Impact California's Ambitions Clean Energy Targets
California’s ambitious drive to combat climate change may hinge on the fate of its biggest utility owner.
Kansas City Firm Buys Rights to 21.8 MW in North Carolina Solar Projects
The three farms, totaling 21.8 MW, are under construction and expected to reach commercial operation early next year. Once completed, the SE Solar Portfolio will sell all the power generation to a utility off-taker through a 15-year fixed-price PPA.
POWER-GEN International Explores the Competitive Advantages of Power Generation Technologies
When California voted to get 100 percent of its electricity from renewable sources by 2045, it sent a signal to the market about which types of power generation technologies will remain competitive into the future. And according to Mike Ferguson, Director, North America Energy Infrastructure and Sustainable Finance with S&P Global Ratings, what California does, other states may soon follow.
Clean Power Sees First Win Over Fossil Fuels in Emerging Markets
Developing countries have added more clean power capacity than fossil fuel generation for the first time ever, charging ahead of wealthier nations in the global green energy push, according to Bloomberg NEF.