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Want to Sell More Wind, Solar Power? Find Corporate Buyers

Contracts to sell electricity directly to corporate users are among the key demand drivers for wind and solar power, while the influence of state mandates wanes, according to a report Friday by Moody’s Investors Service.

Multiple factors are spurring corporate power deals, especially from companies that have set their own sustainability goals. And the shift comes as costs continue to fall. Power purchase agreements with wind farms are now available for as low as $15 per megawatt-hour, according to Moody’s, and $35 a megawatt-hour for solar.

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US Solar Market Has Record-Breaking Year, Total Market Poised to Triple in Next 5 Years

The U.S. solar market had its biggest year ever in 2016, nearly doubling its previous record and adding more electric generating capacity than any other source of energy for the first time ever.

Over the next five years, the cumulative U.S. solar market is expected to nearly triple in size, despite a slight dip expected in 2017. GTM Research and the Solar Energy Industries Association (SEIA) announced these historic figures today with the publication of the U.S. Solar Market Insight 2016 Year in Review report.

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Hawaiian island gets a huge renewable energy boost thanks to Tesla

A Hawaiian island is one step closer to getting 100 percent of its electricity from renewable sources.

Tesla, the clean energy powerhouse run by Elon Musk, has built a 13-megawatt solar farm on Kauai to help reduce the island's dependence on diesel-burning power plants.

Unveiled on Wednesday, the Kapaia project features 54,000 solar panels. But that's not what makes it so unique.

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Wind Power Blows Through Nuclear, Coal as Costs Drop at Sea

Water and electric power plants don’t mix well naturally, unless you add some wind.

Water tends to corrode and short out circuits. So what’s happening in the the renewable energy industry, where developers are putting jumbo-jet sized wind turbines into stormy seas, is at the very least an engineering miracle.

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Here are 5 Texas-sized ideas for Energy Secretary Rick Perry

As Rick Perry settles in at the U.S Department of Energy (DOE), where I previously served under multiple secretaries, I want to suggest five Texas-sized ideas for the former governor of the Lone Star state.

First, Secretary Perry has an immediate opportunity to help fund the trillion-dollar infrastructure program that President Trump emphasized in his recent address to Congress, stressing the need for both “public and private capital.”

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In Shift to Longer-Duration Applications, US Energy Storage Installations Grow 100% in 2016

Led by a record-breaking fourth quarter, energy storage deployments in the United States totaled 336 megawatt-hours in 2016, doubling the megawatt-hours deployed in 2015. According to GTM Research and the Energy Storage Association’s U.S Energy Storage Monitor 2016 Year in Review report, 230 megawatt-hours came on-line in the fourth quarter of the year, more than the sum of the previous 12 quarters combined

“The fourth quarter marked a turning point in the U.S. utility-scale energy storage market, reflected by the burst of deployments over an extremely short period from inception to interconnection,” said Ravi Manghani, GTM Research’s director of energy storage. “California will play a significant role in the future as utilities there continue to contract energy storage under the state’s 1.3-gigawatt mandate. While California took over the pole position in 2016 from PJM, the market shift was also transformational in terms of applications -- from short-duration ancillary services to longer-duration capacity needs.”

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California just hit an incredible solar power milestone

California Gov. Jerry Brown (D) recently took a shot at Secretary of Energy Rick Perry, a former Republican governor of Texas. Remarking on Perry’s view of Texas as an energy powerhouse, Brown said, “We’ve got more sun than you’ve got oil.”

Recent data shows California coming through. Recently, the state briefly generated enough solar power to meet nearly half of the state’s electricity needs, according to data from the largest grid operator in the state, California ISO.

Around midday on Friday, demand reached around 29 Gigawatts (GW), while solar was providing nearly 14 GW of generation — some 9 GW from utility-scale arrays and another 5 GW or so from rooftops and parking lot canopies around the state.

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US Wind Energy Provided 5.5% Of Nation’s Electricity In 2016, Over 20% In Five Heartland States

The energy generated by wind turbines in the United States supplied more than 5.5% of the country’s electricity in 2016, and in Iowa, South Dakota, Kansas, Oklahoma, and North Dakota, supplied more than 20%, according to new figures from the American Wind Energy Association.

The American Wind Energy Association (AWEA), working from data provided by the US Energy Information Administration (EIA), highlighted that wind turbines operating in 40 US states generated a record total of 226 million megawatt-hours (MWh) during 2016. This is up 18% over 2015’s figures, but in terms of the percentage of electricity supplied nationwide, represented only a 4.7% increase over 2015.

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Solar Now Cheapest Electricity Option On Average In 58 Emerging Economies

Solar power is now the least expensive source of electricity on average in 58 emerging economies around the world, according to Bloomberg New Energy Finance. Why is that important? Many of those countries are part of the developing world, places where, until recently, people have been living in conditions barely more advanced than feudal times.

Energy is what allows human beings to perform deeds that exceed what is possible by using muscle power alone. It builds cities, establishes transportation networks, and creates wealth. Until the advent of the internet, billions of people were blissfully unaware of the modern world. No more. Now that those people know what is possible, they want to share in the blessings of an advanced society — now, not generations in the future.

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It’s Official: More Residential Solar Customers Buy Than Lease

We’ve long been following the shift away from residential solar leases, which peaked in 2014 at 72 percent of the market. In recent months, the market has been increasingly leaning toward customer ownership. And now officially ownership dominates.

The market flipped in the last quarter of 2016, when just 47 percent of all new residential solar installed was third-party owned.

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