November 12 -- GCube, the leading provider of underwriting services for renewable energy projects, has launched an insurance solution to cover losses incurred by wind energy developers or contractors in the event of the cancellation of the Production Tax Credit (PTC). A key Presidential election issue, the potential non-renewal of the PTC for wind energy projects has caused the US wind energy industry to see a substantial slowdown in equipment orders and new projects slated for 2013. With investors increasingly nervous, project capital for new developments has become progressively harder to secure. GCube’s latest offering is designed to bolster market confidence for the remaining projects currently under development. >>View Article
November 8 -- Once this pesky presidential election gets behind us, politicians will again talk about renewable energy and climate change, predicts the founder and president of Oakland-based Sungevity, Danny Kennedy. "The consumer market will force them to," he predicts, because for the past two years, consumers have been turning to solar power in droves, with rooftop installations up 426 percent industry wide since 2010. Moreover, Hurricane Sandy has made clear that the harm to the planet from burning fossil fuels will soon be an intolerable trade off. >>View Article
**Originally published in The National Journal's Energy Expert Blog
By ACORE CEO and President, Vice Admiral Dennis V. McGinn
With the election behind us, let’s hope this is the end to an ugly era of polarization in American politics. Over the past few years, Americans have listened to political bickering across almost every spectrum of policy on the state and national level. Despite many differences between our two parties, bipartisan support for renewable energy is growing and policymakers should take note. Many different points of view are constantly being expressed on which programs and policies work best, but politicians should understand that Americans expect our government to bring more renewable energy to scale. If Congress extends the Production Tax Credit, one of the most notable renewable energy tax credits by the end of the year, this will be a valuable indication that Washington has the ability to work together to achieve bipartisan policies for the good of the nation.
With an industry tax credit in jeopardy and new projects at a virtual standstill in the U.S., you might have expected the wind industry to come limping into RETECH2012. Instead, the audience heard from a sector that’s honing in on what it can control -- namely cost reductions and innovation.
“We haven’t placed any orders for turbines for 2013,” said First Wind’s Julia Bovey in the opening remarks. That’s been the norm in 2012 for wind developers and turbine manufacturers as utilities and power purchasers have adopted a wait-and-see approach when it comes to the Production Tax Credit (PTC).
November 15 -- A poll conducted by the American Council on Renewable Energy (ACORE) found that voters in the swing states of Ohio, Iowa, Colorado and Virginia – all of which helped determine the election outcome – considered renewable energy to be an election issue as important as foreign policy and more so than abortion. >>View Article
November 14 -- New polls released by the American Council On Renewable Energy (ACORE) and the Advanced Energy Economy Ohio Institute show that voters in Colorado, Iowa, Ohio and Virginia - all states that were critical in deciding the outcome of the presidential election - support renewable energy. Notably, these states - especially Colorado and Iowa - are home to an established wind energy supply chain. >>View Article
November 13 -- The aftermath of President Obama's reelection finds many experts trying to ascertain the deeper meaning of his relatively strong showing. Certainly, there is little question that the demographics of America have changed, and the social change that has been underway for decades has begun to find political expression. We expect politics to reflect the society we live in. That society has gay couples, abortions, immigrants, and a desire for sustainable, eco-friendly economic growth. >>View Article
November 5 -- In a year rife with strife, the solar power industry in the United States continued to chug along. The nonprofit Solar Foundation reported on Friday that the U.S. industry added 13,872 employees in the year ended in September, a 13.2 percent increase that brought total domestic employment to 119,016. >>View Article
November 2 -- During the last few days of the election, when politicians scramble to make promises about jobs and the economy, only a fool would ignore this statistic: employment in the solar industry has grown 13.2 percent over the last year. >>View Article
November 1 -- It appears to be solar energy’s time to shine. Further solar energy development is supported by 92 percent of U.S. voters, according to a CleanEnergyAuthority.com article. The poll was conducted by Hart Research for the Solar Energy Industries Association (SEIA). >>View Article