Although hydropower remains the world's leading renewable energy, solar and wind continue to dominate investment in new renewable capacity and are quickly becoming the highest-profile renewable energy sources, according to Worldwatch Institute.
Declining water, reduced revenue from surplus energy sales and ongoing wind power expenses have all contributed to the fourth highest Power Cost Adjustment ever. To accommodate for shortfalls caused by these factors, Idaho Power Company will charge its customers a $140 million PCA, the fourth highest in PCA history.
Nearly 1,000 signatures from North Omaha residents, health professionals and students have been submitted to the Omaha Public Power District, calling on the utility to address the community's public health concerns by phasing out coal burning at the North Omaha power plant.
Industry stakeholders note that a doubling of Colorado cooperatives' renewable energy standard in less than seven years is a "wildly unrealistic timeframe."
Consumers are especially interested in renewables, presenting an ideal opportunity for utilities to slide the relationship between renewables and smart grid into the conversation.
To help utilities anticipate wind energy more reliably, NCAR began designing a wind energy prediction system for Xcel Energy in 2009 that saved the utility's customers more than $6 million in 2010 alone.
Despite some high-profile scrutiny of the failures of some renewable energy companies, consumers still view solar and wind energy favorably, according to Navigant Research-- but not as favorably as they did in 2008.
Renewable energy is too often viewed as a fringe industry awaiting mainstream adoption. But a deeper, holistic analysis of the data refutes this notion. In fact, recent reports show that renewable energy is actually well on its way to being the dominant method of global energy generation, even if this trend is not reflected in public opinion. Accelerating this adoption, however, will require a greater awareness of the progress already being made, as well as a renewed commitment by government and the private sector to support continued renewable energy investment.
The Production Tax Credit extends well beyond just the wind industry to include other sources of energy such as geothermal, solar, hydropower, biomass, landfill gas and municipal solid waste. And although these energy sources may benefit, there is an amount of uncertainty that exists.
There are plenty of misconceptions about the costs and benefits of renewable energy. But while opinions vary as to the effectiveness of generation sources such as wind and solar, facts are indisputable. And the facts show that renewable power is increasingly economical and poised for explosive growth in the United States.