Renewable Energy Update - May 2015 #4

Allen Matkins
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Renewable Energy Focus

Wind and solar account for 100 percent of new U.S. generating capacity in April

Renewable Energy World - May 26

In what is becoming a frequent occurrence, if not predictable pattern, renewable energy sources once again dominate in the latest federal monthly update on new electrical generating capacity brought into service in the U.S. According to a new report from the Federal Energy Regulatory Commission's Office of Energy Projects, wind and solar accounted for all new generating capacity placed in-service in April.

Senate bill would create first national energy storage target

Greentech Media - May 27

California gave the U.S. energy storage market a boost in 2013 when regulators set a 1.3-gigawatt target for the state's three investor-owned utilities. The mandate has resulted in a wave of contracts for battery and thermal storage projects in California, including a record-breaking 250-megawatt procurement from Southern California Edison. Now, one national lawmaker wants to do the same for the rest of the country. Senator Martin Heinrich (D-NM) introduced legislation to the Energy Committee last week that would set national targets for energy storage by 2021 and 2025 in order to meet growing peak demand on the grid and help the integration of renewable energy.

U.S. DOE announces $32 million to boost solar workforce training and drive CSP innovation

SolarServer - May 28

The U.S. Energy Department (DOE) has announced $32 million in funding to help train American workers for the solar energy workforce and to further drive down the cost of solar by developing innovative low-cost concentrating solar power (CSP) collectors and increasing access to critical solar data. The DOE is making up to $12 million available to develop a diverse, well-trained solar support workforce, including professionals in the insurance, real estate, and utility industries, who consumers rely on when they choose solar.

Berkeley Lab opens new solar research facility

Daily Californian - May 27

Lawrence Berkeley National Laboratory has opened the Solar Energy Research Center, which contains laboratories committed to the research and development of fuels from sunlight. The 40,000-square-foot, three-story structure cost $59 million and will house about 100 people associated with the lab’s Joint Center for Artificial Photosynthesis, or JCAP.

Low-income homeowners get free solar panels thanks to cap-and-trade program

SFGate - May 22

Despite plunging prices in the last seven years, rooftop solar arrays remain an expensive home improvement, costing $15,000 or more. A new California program, however, aims to make solar power available to lower-income families, using money from the state’s fight against global warming. Run by Oakland nonprofit Grid Alternatives, the effort will install home solar arrays in disadvantaged neighborhoods, using $14.7 million raised through California’s cap-and-trade system for reining in greenhouse gas emissions.

Solar shines as sellers sometimes pay buyers to use power

Bloomberg - May 26

Move over, shale. The sun is now the fastest-growing source of U.S. electricity. Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprints. Rooftop panels are sprouting on homes from suburban New York to Phoenix, driven by suppliers such as SolarCity Corp. and NRG Energy Inc. Giant farms of photovoltaic panels, including Warren Buffett’s Topaz array in California, are changing power flows in the electrical grid, challenging hydro and conventional generators and creating negative prices on sunny days. The surge comes after shale drilling opened new supplies of natural gas, contributing to the 47 percent drop in oil since June.

Norway fund could trigger wave of large fossil fuel divestments, say experts

The Guardian - May 28

Norway’s decision to dump all coal-focused investments from its $900 billion sovereign wealth fund could unleash a wave of divestment from other large funds, according to investment experts. The fund, the largest in the world, is one of the top 10 investors in the global coal industry. Norway’s wealth fund owns 1.3 percent of the entire world’s traded stocks, and the new policy is likely to see it shed investments in companies all over the world, including Germany’s RWE, China’s Shenhua, Duke Energy in the U.S., AGL Energy in Australia, Reliance Power in India, and Japan’s Electric Power Development Corporation.

Notable Renewable Energy Projects and Deals

California dreaming: 5,000 megawatts of applications for 74 megawatts of energy storage at PG&E

Greentech Media - May 28

California’s 1.3-gigawatt energy storage mandate is bringing a lot of would-be grid battery project developers out of the woodwork. But there won’t be nearly enough room for everyone who wants a piece of this market. The latest proof of this comes from Pacific Gas & Electric (PG&E), the Northern California utility that’s seeking about 74 megawatts of storage projects to meet its 2016 procurement target under state law AB 2514. Last week, PG&E quietly let slip that it had winnowed down an initial queue of more than 5,000 megawatts' worth of applications to come up with a short list of finalists.

Coastal power plant at Carlsbad approved

U-T San Diego - May 21

State regulators on Thursday approved the replacement of 1950s-era Carlsbad power plant and its 400-foot smokestack with a new natural gas facility, over the objections of clean energy advocates who fear fossil fuels are here to stay. The $2.2 billion deal for the new plant is designed to shore up electricity supplies after the early retirement of the San Onofre nuclear plant in June 2013. The California Public Utilities Commission approved the new Carlsbad facility in a 4-1 vote over the objections of environmentalists who say the decision will unnecessarily tether utility customers to a fossil-fuel plant for decades to come. San Diego Gas & Electric negotiated directly with Princeton, N.J.-based NRG Energy to buy power from the proposed plant, with no competing bids.

sPower starts 22.5-megawatt solar project in Los Angeles County

PV-Tech - May 27

Independent power producer sPower has started its first photovoltaic power plant project in Los Angeles County, which is deploying 250,000 First Solar CdTe thin-film modules at the 22.5-megawatt facility. sPower noted that the EPC contract was awarded to Rosendin Electric. The plant is expected to begin commercial operation in September 2015.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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