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Why Solar and Wind Are Thriving Despite Cheap Fossil Fuels

          

Wind turbines provide energy for the residents of Samso Island, a Danish island that gets all its power from renewable sources. PHOTOGRAPH BY ANDREW HENDERSON, NATIONAL GEOGRAPHIC CREATIVE

Low oil prices are rattling stock markets, but investors remain bullish on solar, wind, and other clean energy. Here are three reasons why.

nationalgeographic.com - by Wendy Koch - January 22, 2016

The prolonged plunge in fossil fuel prices is rippling across the globe. Yet it’s barely put a dent in the booming market for clean energy, heralding perhaps a new era for wind and solar.

Oil prices of less than $30 a barrel—the lowest in 12 years—have shaken stock markets and ravaged the budgets of major producers such as Russia and Saudi Arabia. Along with falling gas prices, they’ve slashed the profits of fossil fuel companies, which are delaying dozens of billion-dollar projects and laying off thousands of workers. . . .

. . . But solar, wind, and other clean energy? They’re expanding.

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Bill Gates Launches Multi-Billion Dollar Clean Energy Fund

             

Bill Gates has pulled together a multinational band of investors to put billions into clean energy.

money.cnn.com - by Jackie Wattles - November 30, 2015

The Microsoft co-founder and philanthropist announced his latest endeavor, the Breakthrough Energy Coalition, at the climate change summit in Paris. . . .

. . . The new Gates fund will be fed by a group that spans more than two dozen public and private entities -- including national governments, billionaire philanthropists, investment fund managers and tech CEOs.

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CLICK HERE - Breakthrough Energy Coalition

 

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Cutting Greenhouse Gas Emissions Won't Slow Global Economic Growth — Report

          

Increased use of low-carbon energy sources instead of fossil energy sources is making it easier for countries to decouple economic growth from greenhouse gas emissions, according to a new report.  Photograph: Mick Tsikas/Reuters

New report from green think tank Heinrich Boll shows OECD countries grew their economies 16% in last decade – and cut greenhouse gas emissions 6.4%

CLICK HERE - RESEARCH REPORT - Turning point: Decoupling Greenhouse Gas Emissions from Economic Growth

theguardian.com - by Bruce Watson - September 26, 2015

As the world works out how to avoid catastrophic climate change, one of the biggest questions remaining is whether we can continue to grow economically without also increasing greenhouse gas emissions.

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Fossil Fuels Losing Cost Advantage Over Solar, Wind, IEA Says

      

Photographer - Andrew Harrer / Bloomberg

bloomberg.com - by Tara Patel - August 31, 2015

  • Renewable technologies no longer cost outliers, report says
  • No single technology is cheapest under all circumstances

The cost of producing electricity from renewable sources such as solar and wind has dropped significantly over the past five years, narrowing the gap with power generated from fossil fuels and nuclear reactors, according to the International Energy Agency.

“The costs of renewable technologies -- in particular solar photovoltaic -- have declined significantly over the past five years,” the Paris-based IEA said in a report called Projected Costs of Generating Electricity. “These technologies are no longer cost outliers.”

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Tesla Moves Into Home Energy Storage

Elon Musk unveils Tesla Energy, his plan to fundamentally change the way the world uses energy on an extreme scale. Picture: Patrick T Fallon

iol.co.za - by

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Obama Visits Nevada, Ground Zero for the Solar Boom, and Talks Clean Energy and Climate Change

             

In Las Vegas on Monday, President Obama spoke about clean energy initiatives at the eighth annual National Clean Energy Summit.  Isaac Brekken / Getty Images

washingtonpost.com - by Chris Mooney - August 24, 2015

LAS VEGAS — President Obama came here Monday to throw his weight behind the booming solar energy industry in its recent political struggles, and to announce a bevy of initiatives to promote clean-energy growth in America’s homes and on its rooftops. It was the first stop in a climate and energy-focused tour that will also take the president to New Orleans and Arctic Alaska this month.

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CLICK HERE - The White House - Remarks by the President at National Clean Energy Summit

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Solar is Having a Great Year, Except on Wall Street

      

Solar panels are seen in the Palm Springs area, California April 13, 2015. Picture taken April 13, 2015.
Reuters/Lucy Nicholson

reuters.com - by Nichola Groom - August 14, 2015

By almost any measure, the U.S. solar market is on fire.

Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Even China's currency devaluation could cut panel costs for U.S. solar installers.

Wall Street, however, has been dumping solar shares this year, largely on concern, which investors say is misplaced, that tumbling oil prices will sap demand for alternative energy, even though oil isn't used to generate power.

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Solar Is a Serious Threat to Electric Utilities

energymanagertoday.com - by Karen Henry - August 5, 2015

Eighty percent of electric utilities believe distributed generation (DG), particularly solar photovoltaic (PV), is a serious challenge to their business, according to the 2015 Strategic Directions: US Electric Industry Report released by Black & Veatch.

The global engineering consulting company conducted an industry-wide survey from May 14 through June 5, 2015, to examine how electric utilities balance the intersecting interests of regulation and reliability with increased customer participation in the grid. More than 400 electric utility or electric industry stakeholders completed the online questionnaire.

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Business Facilities: 2015 State Rankings Report

Posted by:  Albert Gomez

By Business Facilities Staff
from the July/August 2015 Issue annual-rankings-report

We’ve revamped our Metro and Global rankings this year to include some new technology oriented benchmarks. The new Metro category entries include Advanced Manufacturing (Specialization), Tech Jobs Leaders, Fastest Broadband and STEM Leaders. Our Global Rankings this year also include a new ranking for Leading ICT Hubs (European Cities).

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100% renewables by 2045 is now the law in Hawaii

Link to Article:  http://www.argusmedia.com/News/Article?id=1051970

Hawaii law sets target of 100pc renewables by 2045

 

9 Jun 2015, 2.15 pm GMT

Washington, 9 June (Argus) — Hawaii's governor David Ige (D) signed legislation making the island state the first in the US to set a mandate for all electricity to come from renewable resources.

The governor signed HB 623, which requires electric utilities to supply 100pc of their sales with renewables by 2045. The new renewable portfolio standard includes interim targets of 30pc by 2020, 40pc by 2030 and 70pc by 2040. HB 623 replaces a previous standard that called for 15pc by 2015, 25pc by 2020 and 40pc by 3030. The bill takes effect on 1 July.

Ige said the move to local sources of energy will help the state's economy, which relies on about $5bn/yr in oil imports. Fuel oil provides about 70pc of the state's electricity, according to the Energy Information Administration (EIA).

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