The issuance of green bonds by corporates could reach up to $28 billion this year, three times more than last year, if the Chinese green bond market takes off as expected, credit ratings agency Standard & Poor's said on Friday. Green bonds are created to fund clean energy or low-carbon infrastructure projects such as water treatment or wind and solar plants. They are typically issued by banks and corporate companies. The corporate sector issued $9.6 billion in green bonds last year and will issue at least $15 billion this year, Standard & Poor's said in a report.
The Energy Department today announced nearly $4 million for projects to increase access to solar data. Four partners will help launch the new Orange Button℠ initiative, which will increase solar market transparency and fair pricing by establishing data standards for the industry. In order to understand the financial risk of solar energy project development, the solar energy community relies on fragmented datasets released by state energy offices and a limited number of private organizations regarding project origination, grid integration, operations, and retirement. These datasets vary widely in format, quality, and content, which makes it difficult for potential providers to have an accurate understanding of potential markets. The Orange Button project will standardize this data, making it easier to share and secure, which will ensure a more standardized and transparent marketplace.
The renewable portfolio standards that many states have enacted are responsible for 60 percent of the growth in non-hydro renewable energy generation, according to a new study from Lawrence Berkeley National Laboratory. Most of the additional capacity to meet RPS requirements has come from wind, but in recent years, solar energy is gaining traction. Renewable portfolio standards call for a certain percentage of power generation to come from renewable resources, although what qualifies as renewable and which power generators have to meet the obligations varies by state.
Just over one-third of solar photovoltaic installers offer energy storage solutions to customers, and those numbers could rise significantly in the coming year, according to a new report.
A report by research group EuPD found that only 34% of PV installers in the United States offer storage solutions to customers, but 26% of those who do not said they hope to do so this year.
Of the installers who do not offer storage, 38% said current battery prices inhibit them offering storage to customers.
Talk about an energy revolution. In 2007, there were no utility-scale solar power plants in the US. Today, there are hundreds. It’s not just what this growth means for cutting carbon pollution and fighting climate change that’s so exciting – it’s also what it means for the economy. Solar power is creating jobs almost 12 times faster than the overall US economy. Last year, the US solar workforce grew by more than 20 percent for the third year in a row. Better for the environment and a dynamic tool for economic growth and job creation, solar power shines in plenty of ways. That’s why many states are investing in it – and seeing the results. To show how, new statistics from the Solar Energy Industries Association ranks the top 10 solar states, based on cumulative solar capacity installed, as of March 2016.
There are 332,519,000 cubic miles of water on the planet. That's 352,670,000,000,000,000,000 gallons just sloshing around out there. Anyone who's ridden or been tossed by a wave has a sense of the kinetic energy contained in our perpetually moving oceans. If we could harness it, it could provide a clean, renewable source of energy. But efforts to turn our oceans into power generators—often in the form of "aqua-mills," windmill technology adapted to water—have foundered on the complexity of their many moving parts in the corrosive and remote environs of the sea.
The U.S. invested $14.7 billion in wind energy in 2015, and the industry created jobs in every single state, according to a report from the American Wind Energy Association. The wind industry installed 4,304 utility-scale wind turbines comprising 8,598 megawatts of capacity, making it the top source of new electric generation capacity in 2015, according to AWEA’s annual market report. Wind power made up 41 percent of new electric-generating capacity last year, compared to 28.5 percent by solar power and 28.1 percent by natural gas.
The U.S. wind energy industry had a memorable 2015, from installing thousands of new turbines across the country to supporting a growing number of jobs. But perhaps one of the most noteworthy brights spots of the past year, according to an annual report released Tuesday by the American Wind Energy Association (AWEA), was the growing demand for wind energy from major corporations. High-tech firms such as Google Energy, Facebook and Amazon Web Services, as well as more traditional companies such as Procter & Gamble, General Motors, Walmart and Dow Chemical, have signed contracts to purchase increasing amounts of wind energy in coming years.
The energy from the sun is one of the most renewable and cleanest sources of thermal and electrical energy all over the world, but experts believe there are still a lot of untapped potential when it comes to the efficiency of solar cells. And while solar energy is on the rise, one of its disadvantages is that photovoltaic cells no longer produce energy during inclement weather. The question now is this: could we generate electricity from the rain, too? Apparently, we can.
The global climate change agreement brokered in Paris in December by 195 nations will come into effect two years earlier than originally planned, the top United Nations climate diplomat predicted. “You heard it here first: I think that we will have a Paris Agreement in effect by 2018,” Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, said during a question-and-answer session after delivering a lecture Monday at Imperial College London. The prediction suggests that countries may initiate efforts to reduce greenhouse gas emissions earlier than expected, and increases the chances of meeting the pact’s ultimate goal of limiting the increase in global temperatures to 2 degrees Celsius (3.6 degrees Fahrenheit) since industrialization began.
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