There is plenty of sun in deserts and the Sahara is one of the biggest deserts in the world. Europe intends to import its first solar generated electricity from North Africa within the next five years, European Energy Commissioner Günther Oettinger said in an interview on Sunday. The European Union is backing projects to turn the plentiful sunlight in the Sahara desert into electricity for Europe, a scheme it hopes will help meet its target of deriving 20% of its energy from renewable sources by 2020. (more…)
Want to devise an incentive to get a new industry really humming? Try creating a $100 million dollar fund to finance its projects. That’s what PG&E Corporation (NYSE:PCG) and solar financing specialist SunRun Inc. have decided to do.
Working through its non-utility subsidiary, Pacific Energy Capital II, LLC, PG&E announced a $100 million tax equity agreement that will offer financing for more than 3,500 solar roof installations planned by SunRun nationally. The fund represents the largest residential (more…)
We are standing on the precipice of solar greatness in New York State, and it is because so many of you have taken action. You have written over 1500 letters to your legislators. You have contributed more than 30 official memorandums of support. You have donated generously to our solar billboard campaign, and it became a reality. You have made calls. You’ve told friends, and those friends have told their friends. (more…)
Solar Energy (both photovoltaic and solar hot water, aka solar thermal) are great resources to have at your disposal. In the case of photovoltaic, you can substitute the power from your utility grid by harnessing the sun’s power and converting the sun’s rays into electricity. With rising electricity prices, photovoltaics (aka solar electric) is a great hedge against ever expanding utility bills. The photovoltaic industry is growing by leaps and bounds. You may want to get into the action. (more…)
The Green Energy Act is quickly positioning Ontario as a world leader in the global sustainability movement. Originally enacted in 2009, the Act continues to bolster the province’s local economy through domestic content provisions and a number of renewable energy growth initiatives among both major and minor players in the solar energy arena. These domestic content provisions require that companies seeking to develop large or micro solar projects within the province use a percentage of local goods and labour. (more…)
Good news from the Buckeye State! The legislature passed important tax reform that drops the tax burden for solar farms from upwards of $100,000 per MW to a flat fee of $7,000 per MW. The bill (SB232) – which is expected to be signed by the Governor any day now – removes a major barrier to large-scale solar development in the state.
Existing Ohio tax law added these unreasonably high costs to the price of developing solar and other (more…)
When you put 75 solar installers, policy makers and advocates in a room and ask them to discuss policies and tactics for reducing the local cost component of solar energy, what do they say?
We tried it at the end of May at the American Solar Energy Society’s (ASES) annual conference SOLAR 2010, and here is what we learned.
Building Customer Demand
An abundance of technology upgrades offer ways to reduce energy use in commercial facilities.
Trimming energy consumption in commercial buildings is an objective in the campaign to curb fossil fuel use and reduce greenhouse gas emissions that is attainable by upgrading mechanical systems with improved technologies.
There are choices for reducing energy use in almost all functional areas of a commercial facility, according to energy expert David Wylie, vice president of ASW Engineering Management Consultants of Tustin, Calif., “as long as owners are willing to look beyond initial costs to see the long-term gains in lower utility costs, less downtime and increased building equity.”
Wylie outlined the latest developments in technologies for commercial building energy efficiency in seven broad categories during a daylong workshop held at the California Center for Sustainable Energy in San Diego, Calif. (more…)
Power purchase agreements and solar leases can eliminate up-front costs and are ideal for commercial use.
When considering solar energy for your business, what you really want is the power, so why shell out for the system? That’s the basic scheme of financial agreements known as power purchase agreements and solar leases that cover up-front equipment and installation costs while the customer pays only a monthly amount.
Does this sound too good to be true? Well, it isn’t, but the process can be rather complicated and contracts become very complex, according to Matt Lugar, vice president of sales at Stellar Energy in Rohnert Park, Calif. Lugar outlined the primary types of financial structures available for solar and the impacts of the 2008-09 financial crisis on the marketplace during a workshop held at the California Center for Sustainable Energy in San Diego, Calif.
There is Sunday of course which was originally and literally Sun’s day as a vaguely religious observance. Now there is Solar Day which is not so much a day set aside to honor solar (power) but a day to show how solar power has grown and can be used. This is to be June 19th and will be an annual day of recognition for the growth of clean, solar energy. The premise of Solar Day is simple: a national day of recognition for solar energy, energy independence and protection of the planet. (more…)