Policy

Vivint Solar And Renovate America Combine To Boost Rooftop Solar Access

Vivint Solar and Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing, are collaborating to expand access to rooftop solar for homeowners. By offering Renovate America’s HERO program as its PACE financing option, Vivint is enabling more homeowners to install solar systems. They can use HERO financing for Solar systems and pay for them over time through their local property taxes. Payments are made at a fixed interest rate for terms of 5 to 20 years, and the interest on the payments may be tax deductible.

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Report: Renewables Can Supply All Of USA Power Needs

A new report lays out the reasons and means to alter the United States’s energy supply entirely to renewable energies. It examines the fall in wind and solar costs and the fact that solar growth has exceeded energy advocates’ expectations. It states that The United States has the technical potential to achieve its electricity needs more than 100 times over with solar energy and more than 10 times over with wind energy. Detailed studies on clean energy systems have shown that there are no obstacles in achieving a move to 100% renewable energy; it is entirely possible to make a complete transition at a cost that would be comparable or less than is currently spent on dirty energy.

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E.ON CEO Unimpressed With Government Policy Changes; Calls For Market Stability

Michael Lewis, CEO of E.ON Climate and Renewables GmbH, has voiced caution on the UK government clean energy policy reversals. “The UK has been E.ON’s largest market in terms of gross investment but since the election last year, there have been a number of very substantial policy reversals here. This sends completely the wrong signals to investors.” He outlined that, the “EU generally and the UK specifically needs to come together and deliver some coherent policies across the renewable energy area”.

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Flagship Scottish Offshore Wind Project, A Model For Bringing Interests Together

Beatrice Offshore Windfarm, off the coast of Caithness, will create 900 jobs and generate 588MW of power once operational in 2019. Hailed as the “flagship project for the Scottish offshore wind industry”; it’s claimed that the £2.6bn project will be one of the largest private investments ever made in Scottish infrastructure. Lang Banks, director of conservation group WWF Scotland says that: it’s “great news for the climate and Scotland’s economy, this single project will almost quadruple our offshore wind capacity, helping to reduce our greenhouse gas emissions as well as creating jobs and supporting local economic renewal.”

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Santiago Pioneers Public Transport First; Solar Powered Metro Serving 2.2M Daily

Total and SunPower have announced that SunPower has signed a power purchase agreement for the supply of 300-gigawatt hours per year of clean solar energy to Metro of Santiago. With this agreement, the Metro of Santiago will become the first public transport system in the world to run mostly on solar energy. It currently serves 2.2 million passengers per day. “This project supports our ambition to become the responsible energy major,” says Bernard Clément, senior vice president of Business & Operations, of the New Energies division of Total.

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Saudi Arabia, Vision 2030 – Setting a Target Of 9.5GW Of Wind And Solar Energy

The launch of the King Salman Renewable Energy Initiative and “initial” renewable energy target of 9.5GW, announced in the “Saudi Arabia Vision 2030” paper recently, is the highest level of commitment to renewable energy, ever made by the Kingdom. The main target is to “create a more diverse and sustainable economy”, co-financed by the country’s $2 trillion Sovereign Fund.

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Intersolar North America – A Key Station For The Solar Express

Intersolar North America is the most attended and first major solar industry event of the year. It brings together thousands of solar professionals, industry leaders, press and key influencers to recharge and accelerate business goals through the end of the year and beyond. It unites people and companies from around the world with the aim of increasing the share of solar power in the global energy supply.

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Scotland Striding Towards A 100% Renewable Electricity Generation System By 2030

WWF Scotland has published findings, which found that the supply of Scottish wind turbines was enough, on average, to meet the electrical needs of 70 percent of Scottish households. Besides wind power, there was also good news for solar power. According to WWF Scotland Director, Lang Banks; “homes fitted with solar panels were able to obtain 70 percent or more of their electricity or hot water needs from the sun.” He stated that the “Scottish Government must bring forward an energy strategy that ensures Scotland is the first EU nation to have a completely renewable electricity generation system by 2030”.

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US Boosts Solar Power Projects In Africa, Highlighting Huge Potential

A number of African nations are to receive a new loan to enhance solar power projects awarded by the Overseas Private Investment Corporation (OPIC). The loan is one of the latest financial investments by the US in support of Africa-based development initiatives, aimed at supporting regional entrepreneurs and improving power infrastructure. According to Adnan Amin, the director-general of the International Renewable Energy Agency, there is a “huge appetite for investment in renewable energy projects in Africa”, however, African governments still need to ensure reduced risks by implementing regulatory frameworks and incentive schemes.

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