Energy users are shifting to renewable energy sources due to the rise in energy costs and growing importance of environmental protection, driving gains in solar and wind as means to achieve more efficient, environmentally friendly energy.
The past decade has witnessed significant developments in policies for renewable energy, which are driving its growth globally. In fact, new analysis from Frost & Sullivan forecasts the global installed capacity of renewable energy to more than double from 1,566 gigawatts (GW) in 2012 to 3,203 GW in 2025.
The wind industry is seeing a huge shake up as 25 percent of businesses are forced out of the wind industry by policy uncertainty. That is the finding of a recently released report from FTI Consulting.
Forecasting wind energy is tricky in the best of conditions, such as when the ground is flat with no unusual features-- and far trickier when it is hilly or unusual in some other way. As part of an effort to cut grid integration costs for wind projects and enhance wind farm output in those types of locations, the U.S. Department of Energy (DOE) has asked for help from the experts.
Despite continued regulatory uncertainty adding decision risk, regulation and market forces will drive new investment in gas infrastructure, coal export facilities and generation facilities over the next five years. That is according to ICF International's energy outlook for the first quarter of 2015, which includes highlights in natural gas, coal and renewables, as well as a look at the future impacts of proposed U.S. federal environment regulations.
Iberdrola USA subsidiary Central Maine Power (CMP), EDP Renewables (EDPR), and Emera Maine, have entered into an agreement that will provide energy from a new wind project in northern Maine to reach southern Maine and New England that will facilitate improved access to new renewable energy in the North, where ISO New England has indicated further renewables development is challenged by transmission-related limitations.
Recent growth in the 30-year-old small and medium wind turbine (SMWT) market is being attributed to state and federal incentives in the United Kingdom, Italy and the United States. That is according to Navigant Research who says that the industry is maturing due, in part to feed-in tariff policies in the United Kingdom and growing global demand for distributed generation.
Starting off the New Year right, Xcel Energy has filed a plan that will more than double its renewable energy portfolio through a diverse energy mix and achieve nation-leading carbon emission reductions. The 2016-2030 Upper Midwest Integrated Resource Plan, filed with the Minnesota Public Utilities Commission, is driven by aggressive reductions in carbon emissions from 2005 levels-- a 30 percent reduction by 2020 and a 40 percent reduction by 2030-- to meet expected federal carbon requirements.
San Diego Gas & Electric (SDG&E) has hit a huge milestone as it relates to meeting the state's renewable energy mandates. Thanks to the Sunrise Powerlink transmission line, approved by the CPUC in December 2008 and online in June 2012, more than 1,000 megawatts (MW) of renewable power is being delivered to the San Diego region currently.
Traditionally, when demand for electricity fluctuates, utilities have met that demand with generating units by adjusting the supply of power. The Hawaiian Electric Companies (HECO) are embarking on a project that will meet daily energy needs through demand response, allowing the utility to adjust to help maintain the balance between supply and demand.