Sebastian Leyton 9/23/13
Small renewable projects represent a market that has not been fully taken advantage of, mainly due to issues relating with their access to financing. This doesn’t refer that the projects itself have issues, but implies that lenders mainly involved in project finance are more interested in larger projects, which involve sums over USD 100 million. Those projects are able to support the costs of a time intensive transaction and the corresponding fees, and represent a good opportunity of striking a good deal by achieving financial closing to most parties for the amounts involved. However, this doesn’t imply that small projects are not a lucrative market to be exploited and clearly represents a business opportunity.
By ACORE Interim CEO, Michael Brower 08/22/2013
It should be no surprise that when Gallup asks Americans to choose between economic growth or protecting the environment – during a time when too many Americans are still out of work, living paycheck to paycheck, drowning with college debt, and underemployed – they choose improving economic growth. But even as the economy remains America’s number one priority; more and more Americans are calling for action on climate change. Most Americans see the environmental and economic challenges climate change poses, but they also recognize--as the American Council On Renewable Energy (ACORE) does--that clean, renewable energy is a solution to both environmental and economic challenges.
By Noah Ginsberg 8/16/13
The goal of any renewable energy developer or grid operator is to ensure a smooth flow of electricity stems from a power plant. And there are numerous technologies that aide project developers and grid operators to accurately forecast the weather to maximize the output and efficiency of renewable energy power plants. But none of these technologies come close to IBM’s new Hybrid Renewable Energy Forecaster (HyREF). IBM unveiled their newest forecasting systems on August 12th – built with the renowned expertise the world has come to expect from IBM.
Ohio’s alternative energy mandate has been placed back on the table for possible termination, while its defenders question how anyone could ignore the benefits this legislation has provided Ohio in job creation, energy security and cost savings.
Looking back at 2012, one thing is certain in the sea of the year’s uncertainty; renewable energy experienced significant growth. The U.S. solar industry grew at a rate of 13.2%. A global oversupply of solar panels lowered prices for American consumers, resulting in higher demand and greater profits for solar installation companies. SolarCity’s IPO proved to be successful despite claims that its stock would immediately plummet. And even with excessive political attacks by opponents of renewable energy – over $250 million spent in the 2012 election – the industry has gained strong public support across the country. Industries such as wind, biofuels, geothermal, hydropower, electric transportation, and solar have achieved success in 2012 but the next step in supporting growth is creating a more stable policy landscape.
**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.
If there were any doubts about the global potential for renewable energy, Michael Lewis, COO at E.ON Renewables, quickly put them to rest. Opening up Thursday's keynote at this years RETECH conference in Washington, D.C., Lewis told the audience renewables will continue to expand, with global capacity expected to increase three-fold by 2020. "When people ask me if renewables are just a niche, I show them the data we've put together," he said.
Lewis expects the industry to grow between seven to fourteen percent leading up to 2020. And he thinks investment dollars will follow, citing the seventeen percent year-over-year growth for renewables in 2011. He explained that in spite of the natural gas surplus in the United States, renewables like solar bring predictability to pricing, which reduces volatility in wholesale and retail utility markets.
August 29 -- Clean energy and clean transportation companies churned out some 38,600 new jobs in the second quarter of 2013, according to Environmental Entrepreneurs, a nonprofit that tracks cleantech. >>View Article
August 26 -- When it comes to renewable energy, Texas is a prime candidate to lead the way in many sectors, such as solar, which means jobs. To meet this need for trained personnel and staff to fill the host of positions, Houston Community College is kicking off its new solar energy program this fall at its central campus. >>View Article
August 23 -- After several decades in laboratories and niche applications, clean energy technologies are primed for accelerated and widespread expansion in the global power sector. In the United States and around the world, solar, wind, and other renewable energy sources will represent a significant share of the new generating capacity deployed in the coming years and decades. >>View Article