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Brazil to Offer Ambitious Climate Plan With More Renewables

Brazil will increase the use of renewable energy, target zero net deforestation and push for low-carbon agriculture as part of its climate proposal, Environment Minister Izabella Teixeira said in an interview.




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Renewables Account for 75 Percent of New US Generating Capacity in First Quarter of 2015

According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's (FERC) Office of Energy Projects, wind, solar, geothermal, and hydropower combined provided over 75 percent (75.43 percent) of the 1,229 megawatts (MW) of new U.S. electrical generating capacity placed into service during the first quarter of 2015. The balance (302 MW) was provided by natural gas.




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Egypt’s Renewable FiT Program Gains Traction

The Government of Egypt has said that it must invest US$12 billion in the electricity sector over the next five years in order to meet that country’s urgent electricity demands — and renewable energy will be a key component.




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New World Bank Report: Chinese Clean-tech SMEs Embrace Opportunities

The World Bank indicated in its new report "Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries" that small and medium-sized enterprises (SMEs) in developing countries are set to undergo significant growth and create more jobs in the field of clean technology. Anabel Gonzalez, senior director for the World Bank's Global Practice on Trade and Competitiveness, said developing home-grown clean-tech industries will help developing countries more effectively increase the adoption of low-cost clean energy and drive sustainable economic development.




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Why Fracking May Support Renewables

Hydraulic fracturing, or fracking, is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements renewable energies on the grid. The two seemingly opposite technologies are, for the moment, inextricably linked.




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The New Normal? Renewables, Efficiency, And “Too Much Electricity”

Just over a decade ago, the state of California faced serious concerns about whether its utilities could generate and/or buy enough power to assure that the world’s seventh-largest economy could keep the lights on. The infamous California energy crisis, which affected several other western states as well, was a complex tangle of poorly structured deregulation, significant market manipulation (remember Enron?), and other causes. Along with rolling blackouts, California endured an official state of emergency that lasted 34 months, led to the recall and replacement of Gov. Gray Davis, and cost the state and its ratepayers billions of dollars — a cautionary tale for all states of electricity supply unable to meet demand.





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Germany's Powerhouse Feels Pinch of Merkel’s Shift to Renewables

North Rhine-Westphalia, the German state that’s home to utilities RWE AG and EON SE, is losing its standing as the country’s powerhouse as wind and solar energy begin to displace conventional sources.

Electricity consumers in the western state, which has one-third of Germany’s installed conventional power capacity, last year paid 3.1 billion euros ($3.5 billion) more to subsidize clean energy generation than producers there were awarded, the BDEW utility lobby said in a report Tuesday. The biggest recipient was Brandenburg in the east with a positive balance of 838 million euros.

 

 




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Global Renewable Energy Employment Surges 18 Percent to 7.7 Million

Ongoing growth in renewable energy investment and deployment is creating jobs worldwide — and lots of them. This job growth is helping governments address a fundamental economic problem plaguing developed and developing countries alike. Deploying renewables rather than fossil fuel capacity is also reducing greenhouse gas (GHG) emissions and other environmental pollution that holds the threat of a sixth great extinction.




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Managing the Risks of Renewable Energy Projects in Developing Countries

Driven by rapid expansion in developing countries, renewables are becoming a significant source of the world’s power.  According to the United Nations Environmental Programme’s (UNEP) 9th “Global Trends in Renewable Energy Investment 2015,” investment in developing countries was up 36 percent in 2014, totaling $131.3 billion.





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Europe Versus Renewable Energy?

Wednesday morning’s 'Regulation and the Marketplace' panel discussion at POWER-GEN Europe in Amsterdam got off to a lively start with a presentation from Randy Mott, president of Polish biogas- and geothermal-based combined heat and power (CHP) project developer CEERES and vice-president of Poland's biogas association.




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EU Raises Concern That UK, France Won't Meet Renewables Goal

The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.




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Renewable Energy Responsible for First Ever Carbon Emissions Stabilization

Carbon emissions in 2014 remained at the previous year’s levels of 32.3 billion metric tons — a milestone that points to the impact worldwide renewable energy investment is having in the face of a 1.5 percent annual increase in global energy consumption, according to a new report from REN21. The tenth annual Renewables 2015 Global Status Report cites “increased penetration of renewable energy” and improvements in energy efficiency as the chief reasons for the noted emissions stabilization.




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Global Renewable Energy Is Status Positive

The headline figure from the authoritative REN21 Renewables Global Status Report 2015 (GSR) states renewables accounted for more than 59 percent of all new electricity generating capacity installed worldwide during 2014.




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Some Hope for US Renewable Energy Tax Credits As Extension Bill Passes Committee

In a lopsided 23-3 vote, the U.S. Senate Finance Committee voted yesterday to extend a number of renewable energy production tax credits through the end of 2016. The vote allows developers of wind, geothermal, biomass, landfill gas, incremental hydroelectric, and ocean energy to take advantage of federal tax credits for projects begun before December 31, 2016.

Chief among big renewable winners was the wind energy industry, which received extensions to the Production Tax Credit (PTC) and the Investment Tax Credit (ITC). If passed, wind farms would qualify for a 2.3-cent-per-kilowatt-hour (kWh) credit through the end of 2016.




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Major US Corporations Pledge To Increase Renewable Energy Usage, Decrease Carbon Footprint

Executives from 13 major U.S. corporations are announcing at least $140 billion in new investments to decrease their carbon footprints as part of a White House initiative to recruit private commitments ahead of a United Nations climate-change summit later this year in Paris.

Companies including Apple Inc., Berkshire Hathaway Energy Co., and Goldman Sachs Group Inc. will join Secretary of State John Kerry and top administration officials at the White House for the announcement. In addition to pledges to cut emissions, provide financing to environmentally-focused companies, and reduce water consumption, the companies have said they will procure at least 1,600 MW of new, renewable energy. The White House said in a statement that it expects to announce a second round of similar pledges later this fall from additional companies.

The commitments are being announced as President Barack Obama is looking to build momentum toward a legacy-defining global climate accord in Paris. In addition to company-specific commitments, the corporate leaders on Monday will signal their support for a strong climate agreement out of the United Nations talks. They administration is using the pledges to set an example for companies to find ways to eliminate their carbon emissions.

Climate Talks

“As the world looks toward global climate negotiations in Paris this December, American leadership at all levels will be essential,” the White House said in a fact sheet detailing the announcement.

The administration’s actions are pushing the issue into the 2016 presidential debate. Hillary Clinton, the front-runner for the Democratic nomination, released an energy strategy saying she would both defend and go beyond Obama’s efforts. Republican candidates have criticized the administration’s initiatives as costly to the economy and unnecessary.

Among the pledges, aluminum manufacturer Alcoa Inc. has agreed to reduce emissions by 50 percent from its 2005 levels, while agricultural giant Cargill Inc. says 18 percent of its total energy use will come from renewable sources.

Coca-Cola Co. said it would drive down the carbon footprint of its beverage production by 25 percent over the next five years, while Google says it plans to triple its purchases of renewable energy over the next decade. Berkshire Hathaway says it plans to invest up to an additional $15 billion in the construction and operation of renewable energy generators, while Bank of America Corp says it will increase its environmental business initiative by $75 billion over the next decade, according to the White House

Other participating firms include Wal-Mart, United Parcel Service Inc., PepsiCo Inc., Microsoft Corp., General Motors Inc.

The corporate commitments won’t be the administration’s only major climate announcement in the next few weeks. The Environmental Protection Agency is set to present final regulations that aim to reduce carbon emissions from power plants by 30 percent from 2005 levels by 2030 later this week.

While visiting Kenya over the weekend, Obama repeatedly praised the country for its efforts to address climate change, saying its efforts tor educe emissions “has put it in the position of being a leader on the continent.” And next month, the president will travel to Alaska for an international summit on Arctic climate issues.

©2015 Bloomberg News

For more, see Big Companies, Big Renewable Investments.




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Renewable Energy Gains Greater Opportunity in US Clean Power Plan

After a year of being pummeled by opponents, Obama’s final carbon reduction plan emerged this week with an even stronger push for renewable energy.

Wind and solar energy are centerpieces of the Clean Power Plan, the United States’ first ever rule to reduce carbon dioxide from power plants.

The rule not only makes renewables one of the plan’s three central building blocks, but also creates special incentives to spur communities to build renewables more quickly than required.

The revised version of the rule comes after a year of review, hundreds of meetings and 4.3 million public comments delivered to EPA.  It requires that states come up with plans to cut carbon pollution from power plants by 870 million tons, or 32 percent below 2005 levels, in 2030.




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Renewable Energy Mid-Year Report: 10% US Energy Consumption, 14% Net Electrical Generation

According to the most recent issue of the "Monthly Energy Review" by the U.S. Energy Information Administration (EIA), with data through June 30, 2013, renewable energy sources (i.e., biofuels, biomass, hydropower, geothermal, solar, and wind) provided 9.81 percent of U.S. energy consumption and 11.82 percent of domestic energy production for the first half of 2013.




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What the US Government Shutdown Means for Renewable Energy

So here we are: the U.S. federal government is in shutdown mode after Congress failed to pass the budget. We've seen this several times in the past couple of decades, usually ranging from a few hours to a few days, though the most recent one lasted nearly a month from late 1995 into early January 1996.




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The Sequester and Its Impact on US Government Funding for Renewable Energy Projects

Mandatory spending cuts triggered by the March 1st sequester (automatic spending cuts) in the U.S. are being felt across the renewable energy sector sparking fears that reduced federal investment could curtail research, development and commercialization of new renewable energy technologies.




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Germany Seeks Renewable Energy Reform as Households Pay Record Green Surcharge

Germany’s power grid operators boosted the surcharge consumers pay for renewable energy by 18 percent to a record, adding to pressure on Chancellor Angela Merkel’s government to act against rising electricity bills.




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The Arab Oil Embargo, Sandy, and Adapting to New Realities

This month marks the anniversaries of two notable events, decades apart yet related in terms of historical impact, awareness of vulnerability, and challenge to business as usual: the Arab oil embargo 40 years ago (Oct. 19-20, 1973) and Superstorm Sandy, which hit the Northeast on Oct. 29 last year. Both events sparked a national and global focus on two concepts I’ve been hearing quite a bit about in recent months: adaptation and resilience.




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Major European Utility Set for Dramatic Renewable Energy Transformation

One of Europe's largest utilities is on the cusp of reportedly transforming its business from being a centralised energy provider into a decentralized energy provider.




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Trying Again: Proposing a National U.S. Renewable Energy Standard

Several U.S. Senators are resurrecting legislation seeking to create a national Renewable Energy Standard (RES), while more proposed RPS changes crop up in some quieter markets.




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SEC Clarifies Crowdsourcing Rules, What's the Impact on Renewables?

The SEC has finally proposed its rules to allow crowd-funding under the Jumpstart Our Business Startups (JOBS) Act. What do they mean for small-scale investments in renewable energy companies and projects?




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Shocked into Pursuing Renewables: What Will Jolt Us Next?

Historical events have a way of jolting us – again and again and again – into the reminder that energy plays a big role in our well-being.




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European Commission To Member States: Follow Our Lead for Renewable Energy Policy

The European Commission has offered up some new guidelines about managing electricity markets among its Member States, offering direction for design and support schemes for renewable energy, managing capacity, and addressing demand at the consumer level to mitigate new generation investments -- which, while technically not binding, likely will inform future regional environmental and aid policies.




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Record Renewable Energy Transfers Illustrate Investors' Appetites, Utilities' Pain

Wind farms and solar parks are changing hands at record rates, signaling both an increased taste for the assets among pension funds and hard times for utilities that are the biggest sellers.




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FERC: Almost All New US Electricity Generation Coming from Solar

The U.S. brought online nearly 700 MW of new electricity generation in October, and practically all of it was large-scale solar energy, according to data from the Federal Energy Regulatory Commission's (FERC) Office of Energy Projects.




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Navigating New Developments in Turkey’s Growing Renewable Energy Market

In February of this year, Turkey’s Energy Minister Taner Yildiz, announced plans to increase the ratio of the country’s renewable energy resources to 30 percent of total energy production by 2023. Over the next ten years The Turkish government is seeking considerable investments to fund projects in wind, solar, hydropower, biomass and geothermal energy, believing a thriving renewable industry to be pivotal to future economic growth. Turkey has already enticed major international investors such as General Electric and Siemens AG; General Electric opened the 22.5-megawatt (MW) Sares wind farm and 10-MW Karadag site, and is scheduled to supply turbines to Fina Enerji Holding AS; Siemens is contracted to supply turbines to a 50-MW wind farm, and the firm expects to be involved in further projects in 2014.




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US Government Recommits to Renewable Energy Ramp-up

Today the Obama administration issued an executive order re-establishing one of the proclamations from the climate change plans it issued this summer: significantly boosting the U.S. federal government's support of renewable energy to supply 20 percent of its energy consumption by 2020.




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In This Season of Giving Consider Renewable Energy Charities

It’s easy to get caught up in the holiday bustle: shopping, decorating, parties, and preparation. Our to-do lists can seem endless, but we carry on because it is that special time of year, a season of giving.




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Updated: What the Proposed US Energy Tax Reforms Mean for Renewables

For those clamoring for (and against) the year-end-expiring legislation, and anyone in favor of some tax-code simplification, today the government has offered an early holiday present: proposed reform for some key areas including the production tax credit (PTC) and investment tax credit (ITC).




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Renewable Energy Provides 100% of All New US Electrical Generating Capacity in November 2013

According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's Office of Energy Projects, solar, biomass, wind, geothermal, and hydropower "units" provided 394 MW — or 100 percent — of all new electrical generation placed in-service in November 2013. There was no new capacity during the month from natural gas, coal, oil, or nuclear power. Renewable energy sources also provided 99 percent of all new electrical generating capacity in October.




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Renewable Year-end Focus: Chile

As the renewable energy market shifts and evolves each year, industry experts need to know where the next hot region will be in order to keep up with the changing tides.




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Renewable Year-end Focus: Turkey

As the renewable energy market shifts and evolves each year, industry experts need to know where the next hot region will be in order to keep up with the changing tides.




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RenewableEnergyWorld.com’s Most Popular Stories of 2013

As editors we delight in learning which of the stories that we wrote or commissioned were most popular with our readers. That’s why at the end of each calendar year, we pull reports that tell us which stories we posted got the most shares, the most views, the most comments, etc. We also look at which videos were watched the most. Often, we post articles that we know will be a big hit: like explanations of controversial solar legislation. But other times you surprise us, readers, by taking great interest in articles that we felt were solid but not necessarily ground-breaking.




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Renewable Energy’s Hottest Conversations of 2013

Here at RenewableEnergyWorld.com, we pride ourselves on our active community of readers who click, share, and comment on the articles that we post every day. While we don’t always agree with their take on the pieces we post, we always value constructive feedback and the high quality discussion that sometimes ensues.




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RenewableEnergyWorld.com's Top 10 Blogs of 2013

We here at RenewableEnergyWorld.com value each and every one of our excellent contributors that share their important and thought-provoking insights with our readers. But we have a special affinity for our outstanding blogging community.




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Danish Pension Fund To Invest in Renewable Energy Projects in Developing Nations

PensionDanmark A/S and other Danish pension investors backed a state fund to finance emission-reduction projects in developing countries as the Scandinavian nation seeks to export its climate know-how abroad.




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Cameron Tells EU Renewables Goal May Cost UK 9 Billion Pounds

Prime Minister David Cameron urged the European Commission to reject calls for a renewable energy target, saying such a plan may cost U.K. consumers 9 billion pounds ($14.8 billion) a year by 2030.




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Renewable Energy Loses Out in Europe's "Lame-Duck" Climate Plan

Wind and solar power producers say they're at risk of losing investment after the European Union's executive arm scrapped proposals for a mandatory target on renewable energy use in 2030.




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Citi Sees Capital Markets Reviving Renewables as Banks Bow Out

Renewable energy companies will derive more of their funding from bond markets as banks curb lending to the industry, Citigroup Inc.’s head of environmental finance said.




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Europe Divided on Supply Security as Renewable Energy Grows

European Union governments and the bloc’s executive arm are splitting over how to guarantee electricity supply as the region builds more renewable power.




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Musk Says Renewable Energy Shift to Bring ‘Strife’ for Utilities

Tesla Motors Inc. Chief Executive Officer Elon Musk said shifting to greater use of solar and wind power will challenge utility companies.




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Renewable Energy in MENA Area to Double Next Year, Desertec Says

Clean energy assets in the Middle East and North Africa will more than double in capacity by the end of next year, the Dii GmbH industry association said.




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UK Renewable Electricity Generation Rose 28 Percent in 2013

U.K. renewable power generation rose 28 percent last year as more wind farms and solar plants came online, the Department of Energy and Climate Change said.




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Japan Energy Policy Stops Short of Setting Renewables Targets

Prime Minister Shinzo Abe’s government stopped short of setting goals for renewable energy in the final version of a draft plan that reinforces atomic power’s role in Japan’s energy future, calling it a vital source of generation.