By Aaron Beaudette 9/26/12
The second day of REFF-West began with an impassioned call for California’s renewable energy community to engage with all Californians and build a popular movement that will benefit everyone. Senator Kevin de León, speaking before a room of renewable energy financiers and developers, retraced the history of the recently passed Prop 39, and how the groundswell of support from minority communities was a signature achievement of Prop 39’s passing.
After an exciting day of keynotes and discussions, the opening panel of the second day of the Renewable Energy Finance Forum (REFF West) began with a focus on investment banking perspectives on solar project financing. Bringing together a selection of top energy bankers from leading institutions that are active in renewable energy financing, the panel discussed movements and trends in the present and near future term and how the financial landscape has changed over the last 12 months.
By Charles Guo 9/24/13
Are firms in the renewable energy industry going out of business, or are they consolidating to set course to finally scale? Industry experts ranging from financiers to manufactures from the solar energy industry shared their foresights into the hotly followed solar energy industry. The panelist collectively agreed that this industry is just starting to rise. Three key strategy drivers of growth for the industry will need to come from tech innovation, globalization, and cost reduction. While instillation cost of solar PV has dropped tremendously in the last five years, the industry needs financing costs to come down even further before the industry can truly take-off. Industry experts are optimistic that the advance of data aggregation for the industry will allow investors to better understand and manage risks in their investments for this sector. As more firms develop financial vehicles to increase liquidity in the sector, experts expect capital injections to accelerate.
By Jenna Goodward 09/18/2013
The Renewable Energy Finance Forum (REFF-West) kicked off its first day with a lively debate about whether the West really is exceptional when it comes to the outlook for renewables. The panel of experts weighing in included Terry Grant of Marathon Capital, Barney Schauble of Nephila Advisors LLC, Nancy Pfund of DBL Investors, J. Radford Small of Goldman Sachs, Rob Sternthal of Reznick, and Tracey A. LeBeau of the Western Area Power Administration. Renewable energy technologies, mature or maturing, are generally situated in three contexts: the policy landscape, the surrounding physical grid they serve, and the financial markets.
By Lesley Hunter 9/17/13
The western United States’ remarkable renewable energy resource availability, supportive policies, and well-developed supply chains have transformed western states into national leaders in renewable energy development. In 2012, the 13 western states attracted more than half of the country’s combined venture capital, private equity and asset finance investment in the renewable energy sector, and produced approximately 31% of their total energy generation from renewable energy sources – compared to roughly 12% nationally (sources: Bloomberg New Energy Finance (BNEF) and the Energy Information Administration (EIA)).
By Michael Brower 9/16/13
The Senate’s seesawing calendar this week highlights two priorities of significant national interest. As Syria takes a backseat – perhaps only temporarily – highly anticipated energy policy is finding the spotlight in the form of Senators Jeanne Shaheen and Rob Portman’s “Energy Savings and Industrial Competitiveness Act.” While action on Syria has embroiled the Congress in heated debate, the Shaheen-Portman bill is uniting members of both parties by using smart, common sense policy to create jobs, conserve energy and save billions for American consumers.
Rhone Resch, SEIA President and CEO 9/12/13
All across the United States, rooftop solar panels are popping up on homes, businesses and schools like mushrooms in a forest, and utility-scale solar projects are bringing huge amounts of clean energy into our communities. Why? Well, among other things, consumer choice in America is something that we all hold very sacred.
By ACORE Interim CEO, Michael Brower 08/22/2013
It should be no surprise that when Gallup asks Americans to choose between economic growth or protecting the environment – during a time when too many Americans are still out of work, living paycheck to paycheck, drowning with college debt, and underemployed – they choose improving economic growth. But even as the economy remains America’s number one priority; more and more Americans are calling for action on climate change. Most Americans see the environmental and economic challenges climate change poses, but they also recognize--as the American Council On Renewable Energy (ACORE) does--that clean, renewable energy is a solution to both environmental and economic challenges.
By Noah Ginsberg 8/16/13
The goal of any renewable energy developer or grid operator is to ensure a smooth flow of electricity stems from a power plant. And there are numerous technologies that aide project developers and grid operators to accurately forecast the weather to maximize the output and efficiency of renewable energy power plants. But none of these technologies come close to IBM’s new Hybrid Renewable Energy Forecaster (HyREF). IBM unveiled their newest forecasting systems on August 12th – built with the renowned expertise the world has come to expect from IBM.