Top Five Reasons Fossil Fuel Companies Should Diversify into Renewables Now

Monday, 08 May 2017

According to Amory Lovins a consultant to Shell Oil for the past 45 years and Chief Scientist and Co-founder of the Rocky Mountain Institute, little attention is being paid to the work that traditional energy companies are doing in the renewable energy industry. “I think a lot of groups promoting efficiency and renewables are so busy working with innovation and insurgency in the business world that they don’t pay enough attention to the incumbents,” he said during an interview at Shell’s Powering Progress Together forum in Detroit, Michigan at the end of April.  “It's like a yin-yang balance,” he said, jokingly adding that if you aren’t part of the problem, how can you be part of the solution? However, fossil fuel companies are well-equipped with the skills and expertise to transition into new business lines, he said. “These are companies with immense and unique skills, some of which will be useful for a long time.”

New Global Solar Capacity Outpaced Wind in 2016, IRENA Says

Friday, 31 March 2017

Last year marked the first time since 2013 that solar energy growth outpaced wind energy, according to a new report from the International Renewable Energy Agency (IRENA). Solar saw a record 71 GW of new capacity in 2016, while wind increased by 51 GW.  

The President’s Climate Change Executive Order: Wrong Pretense

Thursday, 30 March 2017

The President announced on Tuesday, March 28th at the Environmental Protection Agency his new Executive Order based on protecting 75,000 US coal jobs by threatening over 3 million US clean energy jobs. Some context: According to MorningConsult The order directs officials to review the Environmental Protection Agency regulations on new and existing power plants, withdraw the Obama administration’s “social cost of carbon,” which puts a price on greenhouse gas emissions, end a moratorium on new coal leases on federal land, review regulations on methane emissions from natural gas systems, end a guidance for agencies to consider climate change, and end Bureau of Land Management restrictions on hydraulic fracturing. The Trump administration has not yet released the text of the order  which is based solely on saving coal and other fossil jobs, but a senior White House official shared details with reporters in a call on March 27th.

China to Launch Green Certificates in Renewable Energy Sector

Thursday, 30 March 2017

China’s National Development and Reform Commission, Ministry of Finance and National Energy Administration recently jointly announced a pilot program for the issuance of green certificates to renewable energy producers coupled with a trading scheme running on a voluntary basis across the country. 

Full Text of Presidential Executive Order on Promoting Energy Independence and Economic Growth

Wednesday, 29 March 2017

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1.  Policy.  (a)  It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation.  Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.  

SunEdison India Assets to Help Double Greenko Capacity

Tuesday, 28 March 2017

Greenko Energy Holdings, the green power developer backed by sovereign wealth funds, expects to double its capacity in India by 2019 with the help of assets acquired during the bankruptcy of SunEdison Inc. Generation capacity should grow to about 5 gigawatts in the next two years as new projects come online and Greenko integrates 1.5 gigawatts of SunEdison assets into its portfolio, Mahesh Kolli, the founder of the company based in Hyderabad, India, said in a telephone interview.  

Trump to Cancel Obama's Policies Aimed at Paris Climate Pledge

Tuesday, 28 March 2017

President Donald Trump is moving aggressively to undo policies designed to keep the carbon-cutting promises the U.S. made alongside nearly 200 other countries in Paris, while stopping short of a decision to formally withdraw from that landmark climate accord. Trump will sign an executive order Tuesday that begins unraveling a raft of rules and directives to combat climate change, which President Barack Obama wove into the fabric of the federal government as he made addressing the issue a centerpiece of his second term.

Ten Clean Energy Stocks For 2017: Earnings Season

Tuesday, 21 March 2017

Earnings season began in earnest in February. My Ten Clean Energy Stocks model portfolio gave back a little of its large January gains because a mix of good and bad earnings mostly offset each other. One pick (Seaspan Preferred) gave back its large January gains. Neither the original gain nor the loss were driven by news. 

A Longer Look at Long-duration Energy Storage

Thursday, 16 March 2017

According to a recent report "Beyond Four Hours: The Transition to a More Flexible, and Valuable, Long-duration Energy Storage Asset," 80 percent of market participants define long-duration energy storage (LDS) as an asset than can provide at least 3 hours of energy storage. But even that definition of LDS was not the same for everyone, according to Jason Deign, author of the report.

99.9-MW Glyn Rhonwy Pumped-storage Hydropower Plant Gets Approval

Tuesday, 14 March 2017

The 99.9-MW Glyn Rhonwy pumped-storage project has been awarded a development consent order by U.K. Business, Energy and Industrial Strategy Minister Greg Clark, opening the doors for Britain's first new grid-scale power storage facility in more than 30 years.

Source: renewableenergyworld.com