WASHINGTON, DC – Building on the progress of the White House’s Climate Action Plan, the Department of Energy (DOE) announced last week that it would make an additional $4 billion worth of loan guarantees available for renewable energy and energy efficient projects. Reacting to the news, Solar Energy Industries Association President and CEO Rhone Resch issued the following statement:
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Lee Peterson from CohnReznick’s National Renewable Energy Practice writes aboutsolar financing and the military.
The Department of Defense (DOD) is looking to significantly increase the installation of renewable energy projects on US military bases over the next decade.
As CEOs from either side of the debates, one from a utility and the other from a national rooftop solar company, we rarely agree on the topic — until now. A landmark bill in the Massachusetts Legislature is the first major example of our two sides finding comprehensive common ground on solar policy.
If passed, the bill would help ensure a stable solar future for Massachusetts. It would also continue Massachusetts’ strong track record of leadership on renewable energy and set an example for other states across the country, write Lynn Jurich, CEO of Sunrun, and Marcy Reed, president of National Grid Massachusetts.
The Overseas Private Investment Corp. (OPIC) approved a loan guarantee of $230 million to support construction of the 141-megawatt solar plant, which is being built by Arizona-based First Solar.
Saying it would create jobs and spur investment in Illinois, the Solar Energy Industries Association (SEIA) today applauded the signing of House Bill 2427, which puts $30 million towards purchasing solar power to meet a portion of the state's electric power needs.
U.S. Solar Market Grows 76% in 2012; Now an Increasingly-Competitive Energy Source for Millions of Americans Today
Added Record 3.3 Gigawatts of Capacity, Enough New Capacity to Power More Than 500,000 Homes
Congratulations to Gina McCarthy and Ernest Moniz on their respective nominations to lead the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).
Statement from Rhone Resch, President and CEO of the Solar Energy Industries Association, about Federal Budget Sequestration:
The Patrick Administration today announced a process to further accelerate solar energy deployment in Massachusetts. This news comes as Massachusetts is within a year to 18 months of reaching the 400 megawatts (MW) target of the existing solar carve-out.
Establishing a more aggressive solar carve-out program would bring Massachusetts up to the level of other states in the northeast that are supporting local solar industries. New Jersey has a 4 gigawatt (GW) goal for solar energy deployment, while Maryland has a 1.3 GW goal.
Today the Solar Energy Industries Association® (SEIA®) launched the U.S. Solar Heating and Cooling Alliance (SHC Alliance). The Alliance will focus on growing the solar heating and cooling market through reducing barriers and advocating for policies on the federal, state and local levels.
California, whose green ambitions helped the solar and wind industries take root, is taking an essential next step by proposing a sharp rise in energy storage to better integrate renewable power with the rest of the grid.
Power from sun and wind fluctuates dramatically, so capturing it for later use makes the supply more predictable.
"We can't just rely on sunlight," Governor Jerry Brown told the Intersolar conference in San Francisco last month. "We've got to bottle the sunlight."
The Business Review
The cost of going solar has dropped in New York by 44 percent over the past five years, a trend that's playing out across the country.
Solar energy has become one of the fastest growing industries in the nation, according to a report by the Department of Energy’s Lawrence Berkeley National Laboratory.
It was up to 14 percent cheaper to install residential and commercial solar systems last year than it was in 2011, according to the report. Prices have dropped an average of up to 7 percent per year since 1998.
Anna Begay lives on a remote plot of land in the Navajo reservation. To reach her home, you drive through twisting, unmarked trails of dust and mud along the edge of Coalmine Canyon, in northwest Arizona.
Ben Kunz wanted to do "the green thing" and save on his electric bill without paying a lot of money up front. So instead of buying a solar system for his house in Cheshire, Conn., he leased one.
Solar energy could supply one-third of all electricity demand in the Western US by 2050 while massively cutting emissions – if the Department of Energy’s (DOE) SunShot Initiative succeeds.