Most industry professionals have agreed for some time that the cost of wind and solar power will be lower than coal and gas prices. The question stirring up the most argument is when. Many observers say that day is years away, but utilities have been increasingly willing to sign long-term power purchase agreements for renewable energy now.
According to new U.S. Census Bureau statistics, revenues for electric power generation industries that use renewable energy resources rose 49.0 percent from $6.6 billion in 2007 to $9.8 billion in 2012, and include hydroelectric, wind, geothermal, biomass, solar and tidal energy.
Idaho Power is adding a lot of solar to its renewable energy portfolio lately. Idaho regulators okayed two contracts Friday and neighboring Oregon approved three that will generate 60 megawatts of electricity the utility will buy.
While France has set ambitious goals to increase the share of renewables in its energy portfolio, Australia has taken a completely opposite approach-- repealing its 2011 Clean Energy Act, which established a carbon pricing mechanism, according to an analyst with research and consulting firm GlobalData.
As part of its commitment to low-cost and cleaner energy, Tennessee Valley Authority (TVA) will offer a total of 130 MW of renewable energy capacity in 2015 through a variety of power-purchasing programs for home, business, industrial and wholesale installations. The additional 130 MW will bring the total amount of renewable energy TVA has offered or interconnected since 2011 to more than 500 MW.
France may have been a late bloomer in adopting solar power, but the country has more than made up for it with aggressive renewable energy initiatives. Paris-based renewable energy developer and project manager Neoen broke ground this week for what will be Europe's largest solar plant.
China, the world's largest energy consumer and producer, is undergoing changes. According to several reports, the country's growth in energy use is expected to drop by roughly half in 2014.
Developers of renewable energy and demand management projects in Australia will have a new tool to help them better understand the country's electricity market and identify both opportunities and constraints.
A "myopic focus" was touted as the reason for PJM Interconnection's current diverse fuel mix this week at PJM's Grid 20/20: Focus on Resource Diversity in Washington, D.C., with the impacts of the world's largest and fastest fuel switch, evolving federal policies and the increasing use of non-traditional generation being cited as driving the industry to recognize the greater need for resource diversity.
North Carolina ranks 4 th in the nation for installed solar capacity, ahead of even Nevada and Hawaii, according to a Solar Energy Industries Association (SEIA) report. National and regional experts in clean energy recently discussed how to continue North Carolina's momentum in wind and solar development.