Results for: solar

May 24 2017

Liebreich: Six Design Principles for the Power Markets of the Future

By Michael Liebreich Chairman of the Advisory Board Bloomberg New Energy Finance For years, the most common question asked by outsiders of those in the clean energy industry was “when will renewable energy be grid-competitive”. Wind and solar needed subsidies in order to compete, and there was legitimate concern that as the sector scaled these […]

May 24 2017

Cheung: Power Markets Need a Redesign – Here’s Why

By Albert Cheung Head of Analysis Bloomberg New Energy Finance   As I write this, staff at the U.S. Department of Energy are busy working on a study which, in just 60 days, must provide answers to the question, “[Are] federal policy interventions and the changing nature of the electricity fuel mix… challenging the original […]

May 24 2017

Old coal mines have a place in the future of clean energy

Ben Chafin sees the future of clean energy in abandoned coal shafts. The Virginia state senator, whose Appalachian district is pockmarked with empty mines, pushed through legislation in April that encourages companies to transform those tunnels into giant storage devices to hold vast amounts of renewable power. The idea, which Dominion Energy Inc. has been studying, is […]

May 24 2017

Trump Dumps ‘Clean Coal’ Research Despite Lauding Its Potential

President Donald Trump promised his administration would bring about “clean coal,” but his budget proposed slashing research the industry says it needs to make that a reality. The Energy Department has spent more than $200 million a year on research into ways to capture and store the carbon dioxide emitted when coal is burned to […]

May 24 2017

Renewable Energy Powers Jobs for Almost 10 Million People

The renewable energy industry employed 9.8 million people last year, up 1.1 percent from 2015, led by the solar photovoltaic business, according to the International Renewable Energy Agency’s annual report on the industry. Growth has slowed in the past two years, while the solar photovoltaic category, with 3.09 million jobs, and wind business more than doubled their […]

May 24 2017

Energy Absolute Plots Asian Project Rivaling Musk’s Gigafactory

A little-known company from Thailand with grand ambitions in clean energy wants to take on Tesla Inc. at its own game. Energy Absolute Pcl, which has morphed in recent years from a producer of biodiesel to Thailand’s leading renewable energy company, is eyeing a major push into energy storage with plans to develop a factory […]

May 23 2017

`Gas Apocalypse’ Looms Amid Power Plant Construction Boom

The glut of cheap natural gas from a single, gigantic, shale basin that straddles the Northeast, mid-Atlantic and Midwest has sparked a massive construction boom of power plants. Dozens have been built in the past two years alone. There’s just one problem: There isn’t nearly enough electricity demand to support all the new capacity. And […]

May 22 2017

Chinese Solar Makers Shown $55 Million Path to Avoid Tariffs

An investment firm that’s financing a trade complaint against cheap imported solar cells said that case would disappear if Chinese companies bought $55 million in manufacturing equipment. SQN Capital Management says Suniva Inc., a Georgia-based solar fabricator in Chapter 11 bankruptcy, owes it more than $51 million for the purchase of factory equipment it financed. The […]

May 22 2017

Move Over Tesla, Europe’s Building Its Own Battery Gigafactories

Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a 500 million-euro ($543 million) plant to […]

May 18 2017

Conservatives Suggest More Curbs for Wind Farms on Land in U.K.

Prime Minister Theresa May ruled out new wind farms on land in England if her Conservative party wins the general election next month, tightening restrictions on the technology that’s spreading rapidly. “We do not believe that more large-scale onshore wind power is right for England,” the Conservatives wrote in their manifesto released on Thursday. Instead, May’s […]