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Overall Investment Down But Global Renewable Capacity Surges To Record Levels

As the cost of clean technology continues to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23 percent lower than the previous year, according to new research. For instance, new investment in solar totalled $113.7 billion, down 34 percent from the record high in 2015, yet solar capacity additions rose to an all-time high of 75 gigawatts. “The investor hunger for existing wind and solar farms is a strong signal for the world to move to renewables,” said Prof. Dr Udo Steffens, President of Frankfurt School of Finance & Management, commenting on record acquisition activity in the clean power sector, which rose 17 percent to $110.2 billion.

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NEOEN Uses Innovative O&M Software For Tracking Performance At Wind Farms

Neoen, a leading renewable project developer and owner, has chosen QOS Energy’s innovative O&M management platform to monitor the performance of the 315 MW Hornsdale wind project, which will be amongst the largest wind farms operating in Australia once fully commissioned. A key benefit for Neoen is that no additional hardware or system installation is required onsite to run the software, which allows for a swift and cost effective set-up of data acquisition processes. The platform gathers and analyses data generated by each turbine for all measured values using a secure VPN connection.

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Large-Scale PV Finance Amongst Hot Topics At Intersolar Europe Conference 2017

The increasing number of investments in large-scale PV plant constructions worldwide are raising new questions about the industry. What options are available for financing PV power plants? Which markets will be relevant in the future? What is the role of smart renewable energy, i.e. combining energy generation, storage, and management? Experts are set to discuss these at the Intersolar Europe Conference, taking place in Munich (May 30–31). The event runs alongside Intersolar Europe, the world’s leading exhibition for the solar industry and its partners, (May 31–June 2).

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Can Women Solve The Skills Gap Problem In A Rapidly Growing Clean Energy Sector?

Women can and should address the skills gap problem in the rapidly growing clean energy sector – globally. That is the bold declaration from Dr. Nina Skorupska CBE, Chief Executive of the Renewable Energy Association (REA); who addressed a significant consequence of the pace of the global energy transition upon the release of Global Energy Talent Index (GETI), the world’s largest global energy sector skills, recruitment, and employment trends report, released by Energyjobline and Airswift.

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Indian Surge Propels Ingeteam To Become Top Supplier Of Wind Power Converters

Ingeteam has announced that it achieved a new record year for the deliveries of its wind power converters worldwide. With nearly 5 GW of new capacity added in 2016 alone, a total of 36.5 GW of wind turbines have been equipped with Ingeteam’s technology since 1995, making the Spanish company the world’s number one supplier of wind power converters. Its record performance was particularly impressive in large emerging wind markets, despite intense competition. Deliveries to India and Brazil reached a peak volume of 1,268 MW and 837 MW, respectively, in 2016.

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Energy Department Announces up to $30 Million for Grid Integration Projects

The Office of Energy Efficiency and Renewable Energy (EERE) SunShot Initiative announced up to $30 million in new projects to support the integration of solar energy into the nation’s electric grid while diversifying the nation’s electricity sources and improving the reliability and security of the electric grid. SunShot will fund 13 projects with a total of up to $30 million to develop next-generation grid planning and operation tools that help to integrate more solar power with the grid.

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The US Now Employs More In Wind Power Than In Nuclear, Gas, Coal Or Hydro

Wind power employs just over 100,000 Americans according to new data released by the U.S. Department of Energy (DOE), more than work at nuclear, natural gas, coal, or hydroelectric power plants. “Wind means opportunity and job security for over 100,000 Americans,” said Tom Kiernan, CEO of the American Wind Energy Association. “The Department of Energy’s new jobs data underscore the incredible impact of wind power in creating American jobs for workers, who directly contribute to our nation’s energy independence and economic success story”.

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BNEF – Overall Clean Energy Investment Slows, Yet Wind Surges To Record Levels

New investment in clean energy worldwide fell 18% last year to $287.5bn, despite a record year for offshore wind, according to latest figures from Bloomberg New Energy Finance. Chinese slowdown and falling costs of solar power were two of the reasons. However, even though overall investment in clean energy was down in 2016, the total capacity installed was not. Estimates from BNEF’s analysis teams are that a record 70GW of solar were added last year, up from 56GW in 2015, plus 56.5GW of wind, down from 63GW but the second-highest figure ever.

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Launch Of Coatings That Turns Existing Buildings And Vehicles Into Power Sources

SolarWindow Technologies has announced plans to develop a superb problem-solving technology of electricity-generating flexible glass. It anticipates installing these sheets of electricity-generating glass veneers over existing skyscraper windows, turning entire buildings into vertical power generators and helping reduce their carbon footprint. These same veneers could be applied to flat and curved surfaces on automobiles, trucks, buses, aeroplanes, and boats to generate onboard electrical power.

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