energy

Chile Gets Cleaner at a Profit with Renewable Energy Push

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.




energy

Market Forces Signal Clean Energy’s Watershed Moment

Business leaders have an important decision to make this year: to continue operating under the status quo or to join the list of successful companies creating a more sustainable future by contracting or investing in renewable energy and making a positive impact on their brand, customers, employees and bottom line.




energy

Clean Energy Makes Up Record Share of UK Power with Coal-to-Biomass Conversions

U.K. electricity from low-carbon sources accounted for almost a quarter of the country’s generation in the fourth quarter as Drax Group Plc converted a second coal-power plant to burn wood.




energy

New York Launches Innovation Lab To Study Renewable Energy and the Advanced Grid

This week New York Governor Andrew M. Cuomo announced the signing of an agreement between the New York Power Authority (NYPA) and State University of New York Polytechnic Institute (SUNY Polytechnic) that aims “to create a world-class facility devoted to energy technology innovation and the rapid deployment of smart-grid technology to modernize New York's electric grid.”




energy

Republican Texas Bows to California and Backs Energy Finance Plan

Jim Keffer is Republican state lawmaker in Texas with a permit to carry a concealed weapon and doubts about whether human activity is causing global warming.




energy

Ten Clean Energy Stocks For 2015: Marching Ahead

My Ten Clean Energy Stocks for 2015 model portfolio added a second month to its winning streak, with a 6.1 percent gain for the month and a 5.7 percent gain for the year, despite a continued drag by the strong dollar. If measured in terms of the companies' local currencies, the portfolio would have been up 7.5 percent for the month and 10.5 percent for the quarter or year to date. For comparison, the broad universe of US small cap stocks rose 1.5 percent for the month and 4.0 percent for quarter, as measured by IWM, the Russell 2000 index ETF.




energy

It Turns Out That You Can’t Divide Americans Over Renewable Energy

In our second annual survey on American homeowners’ attitudes toward clean energy, one thing is resoundingly clear. In a nation divided on climate change, immigration policy, and so many other issues, Americans are overwhelmingly united in their support of renewable energy.




energy

Clean Energy Spending Drops 15 Percent to Reach Lowest Level Since 2013

Global investment in clean energy slumped 15 percent in the first quarter to the lowest level in two years because of a decline in wind and utility-scale projects.




energy

Australian Clean Energy Deadlock Spurs Companies to Focus Abroad

Political deadlock over Australia’s clean energy future is prompting companies such as Vestas Wind Systems A/S and Acciona SA to increasingly turn to rival markets for growth.




energy

Marine Energy Sector Continues Growing Worldwide, Despite Economic Setbacks

A report released recently by the International Energy Agency's Ocean Energy Systems shows that the marine and hydrokinetic sector moved closer to commercial viability through 2014.




energy

Negotiating the Energy Balance in the Caribbean

Reflecting the azure skies of the Caribbean, solar panels on private houses, hotels and businesses are an increasingly common sight across all the islands. Many Caribbean customers are seeking a degree of energy independence, which is not surprising given that many pay five or six times as much for their grid-provided electricity than their neighbours in mainland USA.




energy

Japan Anticipates Clean Energy Will Edge Out Nuclear Power

Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants.






energy

What Drives Alternative Energy Stocks?

Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at work driving these markets are complex, counterintuitive, and sometimes mysterious. This article looks at what has been driving the price of alternative energy markets, and as a result, alternative energy company stocks.




energy

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.




energy

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.




energy

State and Metro Governments, Consumer Actions Drive Dramatic Shift in US Energy Landscape

The United States is experiencing a significant shift in its energy landscape. Last year, utility-scale wind and solar power combined for 47 percent of new generation capacity in the U.S. Based on this expansion, 11 states now generate more than 10 percent of their electricity from solar, wind, and geothermal power, with three of these states — Iowa, South Dakota, and Kansas — exceeding 20 percent. In 2014, California became the first state in the nation to garner 5 percent of its electricity from utility-scale solar. When including hydropower, four states —Idaho, Washington, Oregon, and South Dakota — now exceed 70 percent renewables generation.






energy

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.




energy

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.




energy

The Common Goals of the Pope and Clean Energy

Pope Francis turned a keen eye toward the environment and the problem of climate change with his encyclical,“Laudato Si” (“Praised Be”). As a clean energy advocate, I’m heartened that Pope Francis recognizes the need to transform our energy system.




energy

Wave Energy Week Will Mix Marine Energy Developers with Traditional Hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in Oregon and encourages all Oregonians to join in this observance.”

 




energy

Sandia Lab Program To Assist Small Clean Energy Companies

The U.S. Department of Energy (DOE) chose Sandia National Laboratories as one of five leads in a pilot that will give small, clean-energy companies access to national laboratory expertise and resources. Sandia will receive $2.75 million of DOE’s $20 million investment to launch the voucher pilot for small business assistance and collaborative research.

 




energy

Mid-Year Celebrations: Fireworks, A World Cup, And Clean Energy Momentum

This month alone, we Americans celebrated our nation’s birthday, capped off perfectly by the USA women’s soccer team’s sensational 5-2 victory in the World Cup final. As we hit the halfway point of 2015, the clean-energy industry also has much to celebrate, much of it in the month of June alone and much of it financial.




energy

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.




energy

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.




energy

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.




energy

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.




energy

Makai Builds Ocean Thermal-Energy Demo Plant With U.S. Navy

Makai Ocean Engineering Inc. has built an ocean thermal-energy conversion demonstration plant in Hawaii.




energy

Aquatera strengthens marine energy ties in Japan

Scotland-based power and environmental consultant Aquatera Ltd. Has entered into a partnership with the Nagasaki Marine Industry Cluster Promotion Association in an effort to help Japan bolster its marine energy sector through international collaboration.




energy

Tidal energy company tests prototype in Canadian archipelago, Haida Gwaii

British Columbia-based tidal developer, Yourbrook Energy Systems Ltd., is testing what it calls a prototype of a shallow water tidal-powered generator pump that could one day be used as part of a pumped storage hydroelectric project.
 




energy

Carnegie Wave Energy to change name to Carnegie Clean Energy

Carnegie Wave Energy Ltd., in a press release on Nov. 1, announced it intends to change its name to Carnegie Clean Energy Ltd. (CCE).
 




energy

U.S.-led Power Africa initiative to invest US$1 billion in Nigeria for energy including hydropower

Power Africa and Trade Africa Coordinator, Andrew Herscowitz, announced on Feb. 14 during the Abuja Electricity Distribution Co.’s two-day Distribution Company Workshop in Abuja, Nigeria, that the U.S. will invest US$1billion in the country through the U.S. Trade and Development Agency (USTDA).




energy

Geothermal Energy: Why It Is Different From Shale Gas

The possibility of producing shale gas in some European countries has triggered a very heated debate about the environmental and social impacts of the technique used to extract gas from shale rocks (today only in the US and Canada); this technique is widely known as hydraulic fracturing or fracking.




energy

The Inherent Opportunity in Today’s Energy Poverty Crisis

"The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger, but recognise the opportunity," said former U.S. president John F. Kennedy.




energy

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.




energy

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.




energy

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.




energy

Alternative Energy Outperforms All Other Sectors in September

Alternative energy mutual funds (MF) racked up extremely robust gains in the past year. Returns range from a low of 16 percent, to a high of 64 percent for a mutual fund that is heavy into solar investments. Exchange traded funds (ETF) also did well, but returns are much more variable. They range from a loss of 34 percent for a carbon ETF, to more than doubling of a solar ETF.




energy

Q3 Portfolio Review: A Bottom For Clean Energy Developers?

In the third quarter, clean energy stocks in general continued their upward trend, turning in a 27 percent gain for the quarter and a 64 percent gain for the year as a whole, as measured by my benchmark and most broadly held clean energy ETF, Powershares Wilderhill Clean Energy (PBW.) This brings PBW back up to levels last seen in September 2011.




energy

Clean Energy Investment Continues Drop in 3Q

Clean-energy investment fell 14 percent in the third quarter from the prior three months as Europe curbed subsidies and cheaper U.S. natural gas lured investment.




energy

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.




energy

Forty Years Post-Oil Embargo: How Does the Energy Landscape Look?

October 17 marks the 40th anniversary of the start of the 1973 Arab Oil Embargo — an event that arguably launched the United States' ongoing pursuit of a national energy policy.




energy

Six Weeks, Twelve Clean Energy Stocks

It's been a busy six weeks since I last updated readers on the news events driving my Ten Clean Energy Stocks for 2013 and six alternative picks. I looked into the performance of the portfolio as a whole at the start of the month, along with some comments about the four renewable energy developers. I thought at the time we might be seeing a bottom for these beleaguered stocks, but if I was right, we have yet to see the upturn. Nevertheless, the fundamental factors I discussed are still in place.




energy

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.




energy

An Overview of US Advanced Research Projects Agency-Energy Funding Programs

The Advanced Research Projects Agency-Energy (ARPA-E) program was officially launched in 2009 as the result of the 2007 America COMPETES Act, which was signed by President George W. Bush. Congress appropriated and President Barack Obama allocated $400 million in 2009 to begin funding the agency’s first projects. ARPA-E exists within the broader organizational framework of the Department of Energy and was modeled after the very successful Defense Advanced Research Projects Agency (DARPA), which has been credited with developing technological innovations such GPS (global positioning system), the stealth fighter jet and more.




energy

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.




energy

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.