Boosting Renewable Energy to 25% of Electricity Supply in Western U.S. Would Cut Pollution, Save Consumers Billions
By Michael Goggin 9/30/13
The Western U.S. could reap huge benefits in pollution savings and reduced spending on fossil fuels by installing more wind and solar power plants, according to a comprehensive new analysis released today by the National Renewable Energy Laboratory (NREL). The study found that obtaining 25 percent of electricity in the Western U.S. from renewable energy will reduce carbon dioxide pollution by up to 34 percent and save $7 billion annually in fossil fuel costs.
By Sylvia Qi 9/27/13
As we move into a future of limited natural resources, the need for sustainability has become more apparent. The second day of REFF-West had an engaging panel of experts including- Neil Black, President of Califonia BioEnergy, Dan Oros, Partner of Kleiner Perkins, Ari Swiller, President of Renewable Resources Group, Michel Gelobter, Founder and Chairman of Cooler, Damon Yuzon, Principal CFA of Wastewater Capital Management, and Paul Owen, National sales manager of Caterpillar Financial Australia – highlight the role of renewable energy in addressing resource scarcity and opportunities generated by it.
By Bill Holmberg 9/26/13
America’s dependence on oil as a main source of transportation fuel is a problem. When people are compelled to use oil for almost all of their transportation needs, the situation leaves them unable to freely choose more economically rewarding and environmentally better fuel selections at the pump. Oil’s grip on the market hampers competition and fuel diversity. This hold on consumers often seems unbreakable. However, there are options available to break oil’s monopoly in the fuel market and now is the time to pursue those options.
By Aaron Beaudette 9/26/12
The second day of REFF-West began with an impassioned call for California’s renewable energy community to engage with all Californians and build a popular movement that will benefit everyone. Senator Kevin de León, speaking before a room of renewable energy financiers and developers, retraced the history of the recently passed Prop 39, and how the groundswell of support from minority communities was a signature achievement of Prop 39’s passing.
After an exciting day of keynotes and discussions, the opening panel of the second day of the Renewable Energy Finance Forum (REFF West) began with a focus on investment banking perspectives on solar project financing. Bringing together a selection of top energy bankers from leading institutions that are active in renewable energy financing, the panel discussed movements and trends in the present and near future term and how the financial landscape has changed over the last 12 months.
By Charles Guo 9/24/13
Are firms in the renewable energy industry going out of business, or are they consolidating to set course to finally scale? Industry experts ranging from financiers to manufactures from the solar energy industry shared their foresights into the hotly followed solar energy industry. The panelist collectively agreed that this industry is just starting to rise. Three key strategy drivers of growth for the industry will need to come from tech innovation, globalization, and cost reduction. While instillation cost of solar PV has dropped tremendously in the last five years, the industry needs financing costs to come down even further before the industry can truly take-off. Industry experts are optimistic that the advance of data aggregation for the industry will allow investors to better understand and manage risks in their investments for this sector. As more firms develop financial vehicles to increase liquidity in the sector, experts expect capital injections to accelerate.