Solar securitization, which we’ve recently covered, appears to be moving forward with an announcement last week that SolarCity plans to sell $54 million in asset-backed securities. The concept is similar to now-famous mortgage-backed securities that precipitated the global financial crisis, but proponents claim they are less risky. [The Atlantic] California cities are getting into biogas,… Keep reading →
Utilities: one of your largest customers is under legal obligation to use less energy. Way less energy. If you’re not figuring out how to cope, you’d better start now, as this timely article from EnerNex Vice President Stuart McCafferty makes clear. — Jesse Berst By the end of 2013, the federal government’s 7.5% renewable energy… Keep reading →
Meeting an RPS is costing less than previously thought in many states. Late last year, a study found that California’s 33 percent renewable portfolio standard (RPS) could result in a “rate impact bomb” in coming years. A new report from the Union of Concerned Scientists, however, found that for fourteen of the 29 states with an RPS… Keep reading →
At least twenty-two of the 29 state renewables standards have been attacked by legislators or regulators in the last year or are now under attack.
Known as a Renewable Portfolio Standard (RPS) or a Renewable Energy Standard (RES), these mandates require utilities to obtain a portion of their power from renewable sources by a certain date. Research shows they add less than 5 percent, on average, to the cost of electricity bills and are an effective driver of renewables growth. Keep reading →
Dear Editorial Board,
The state of Connecticut is about to consider its Renewable Portfolio Standard (RPS) – which currently requires at least 20 percent of electricity come from renewable sources like wind and solar by 2020. A hearing on legislation to update the RPS was held last week, with the Energy & Technology Committee scheduled to act on energy bills on March 28. At issue: What types of energy should be included in the RPS, and is there a role for large Canadian hydropower? Keep reading →
James Hughes, CEO of First Solar, recently gave a hugely interesting interview to Australia’s Renew Economy in which he discussed his company’s future, the state of the global solar market.
Hughes’ views on utility scale v. rooftop solar are intriguing and worth reading, as First Solar is one of the largest solar manufacturers in the world and a major player in the U.S. utility-scale solar market. The company has paid considerably less attention to small-scale commercial and residential solar, and this focus is reflected in Hughes’ comments about the future of distributed renewable energy generation: Keep reading →
There is a looming renewable energy crisis, but it’s probably not the one you think. While national headlines over the past few months have focused on controversial federal loan guarantees, or the approaching expiration of key tax credits, the threat to renewable energy is much deeper than just these two areas.
Through Renewable Portfolio Standards (RPS), 29 states and the District of Columbia require electric utilities that supply power to their residents to obtain a specified percentage of their electricity from renewable energy sources by a specified date. For the last decade, RPS has been a resounding bipartisan success story, popular in both “red” and “blue” states alike. Today, they are the linchpin of our country’s investment in renewables, setting the requirement that a host of other public subsidies, including tax credits, are intended to support. Keep reading →
Allowing power from electricity storage to be counted toward meeting renewable portfolio standards would boost integration of advanced storage technologies into the electricity system, speakers told the Electricity Storage Association conference in Washington last week.
Terry Boston, CEO of PJM, the nation’s largest grid operator, said he’d like to see states let up to 25% of their RPS be met with storage when the storage systems are fed by clean sources like wind and solar. Keep reading →
“The world for renewables today is quite different from the renewables world we faced over the last several years,” Ron Norman, renewable energy specialist at PA Consulting Group, told a symposium held in San Francisco last week. “Before 2009, we had extraordinarily high gas prices and pending C02 legislation, low growth throughout the US and since that time we’ve had a crash in natural gas prices.” Keep reading →