Solar farm developer firming up plans on billion dollar renewable energy funds

Renewables in Asia: Opportunities and Challenges
This Week in Solar
Author

21 June, 2017

Overall, the United States gets about 7% of its electricity from wind and solar through the course of the year, but that's up from less than 1% about a decade ago.

Bloomberg New Energy Finance is out with its New Energy Outlook, the annual assessment of the changing energy sector.

Wind and solar advocates have said the government study's outcome appeared to be pre-determined to favor fossil fuel industries. However, in developing a strategy to effectively mitigate global energy-related Carbon dioxide emissions, it is critical that the scope of the challenge to achieve this in the real world is accurately defined and clearly communicated.

The Solar Now Creekside project was made possible through collaboration between the City of Vancouver and the North Growth Foundation, with support from Clean Energy Canada (a project of the SFU Centre for Dialogue), the Great Climate Race, Bullfrog Power and the Community Energy Association.

Talking about coal energy in India, the BNEF forecast suggests, "India significantly expands its coal fleet over the next five years, adding over 40GW of new coal plants".

According to the Energy and Resources Institute (TERI), if the cost of renewable energy and storage continues to fall at current rates, India could phase out coal power completely by 2050.

The wrong kind of US Open history
The last time Day missed a cut in a major was the 2012 PGA Championship , ending a run of 17, which was the longest active streak. The top three players in the world have never missed the cut in the same major dating to when the world ranking began in 1986.


A ceremony at the Supreme Court tomorrow could be awkward for Trump
In response, Sessions claimed that the President's executive order is "well within his lawful authority to keep the nation safe". The order also suspends the nation's refugee program for 120 days and imposes a new limit on the number of refugees accepted.


Volquez's bid for second straight no-hitter ends quickly
The Pirates , who lost their third straight, avoided a shutout in the ninth inning when Josh Bell had a run-scoring groundout. Santana and Schugel joined the bullpen, which has had a busy week.


He gave the reassurance during the Nigerian Renewable Energy Roundtable organized by the Ministry of Science and Technology in conjunction with the Nigerian Economic Summit Group (NESG) at the Presidential Villa, Abuja on Tuesday. "Then we have the Feed In Tariffs (FIT) which typically incentivizes the electricity producers by offering more favourable pricing for electricity produced through renewables", he said. "The more technologies that we can bring to the table, the easier it will be to transition to a safe, affordable, and reliable energy system". Renewables as a whole accounted for 14.2% of the country's production throughout the year. The more uneconomical coal becomes, thanks to cheap alternatives from the solar, wind and other renewables, the closer the US will get to saving those 51,999 lives every year.

The rapid growth of wind and solar is good news for the renewable energy industry. Last year the cost of renewable energy dropped 23 percent compared to the year before, making it more affordable. NRG Energy created NRG Yield (NYSE: NYLD) to own most of its renewable projects, while NextEra Energy created NextEra Energy Partners (NYSE: NEP).

The analysis casts further doubt on the policy commitments of the Trump administration, which has promised to revitalize the US coal industry and pledged to leave the Paris Agreement to combat climate change. This means that off-take agreements are not always in place, and equipment supply, construction agreement and financing are expected to be arranged at a later stage.

Both energy types are growing rapidly worldwide - partly because they're becoming cheaper than fossil fuels.

As part of its Greenest City Action Plan, Vancouver has a goal of eliminating its dependency on fossil fuels.


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