Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
Technology conglomerate Apple Inc. has issued its second green bond valued at US$1 billion, in the wake of president Trump withdrawing the US from the Paris climate agreement.
Major PV inverter manufacturer Sungrow has installed a hybrid solar-diesel-storage system for five islands in the Maldives, consisting of 2.7MWp of solar and 700kW/33kWh of energy storage.
Tucson Electric Power (TEP) has entered the US into a new realm of solar at below 3 cents/kWh, after similar prices have been regularly achieved in other countries such as Dubai, Chile and Mexico for over a year now.
BEC Solar, Texas-based subsidiary of Bandera Electric Cooperative, has launched Apolloware – a new cloud-based software solution for monitoring solar and energy storage installations in real time.
The SEIA has filed testimony with the California Public Utilities Commission for SCE's grid modernisation proposal, arguing that it is 'premature, excessive' and undervalues solar and other DERs.
This week's Movers & Shakers segment features executive shuffles in energy storage companies and an O&M firm, while examining a new merger between Spain's Gamesa and Siemens Wind Power. Spain's Renewable Energy Association elects a new president for the next four years, and Jon Wellinghoff exits SolarCity amid the US$2 billion Tesla acquisition.
After new Secretary of Energy Rick Perry sent a memo to his chief of staff authoring a 60-day review of the grid to investigate how certain federal subsidies boost one form of energy at the expense of certain base load energies such as nuclear and coal, many industry observers believed him to be attacking renewable energy, but the SEIA claims this is not the case.
