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HECO aiming to develop more renewable energy resources to provide lower electricity rates


June 20 -- Hawaiian Electric Company has asked the Public Utilities Commission for permission to negotiate with five proposed projects that could quickly provide low-cost electricity for Oahu. If the PUC approves, HECO will negotiate agreements directly with the developers of the five projects, which include a mix of solar and wind technologies across Oahu with a combined capacity of 64 megawatts. HECO anticipates negotiating long-term, 20-year contracts with each project.

All the combined projects have committed to sell electricity to HECO at an average price of 15.9 cents per kilowatt-hour. This is about one-third less than prices paid to existing solar and wind energy projects on Oahu and the current cost of generating electricity from oil. >>View Article

IKEA Surges to Second-Largest Private Producer of Solar Energy in the U.S.

June 20 -- What business do retail chains like IKEA have getting into the world of electricity generation?

Years ago, the answer would be “none.” But here we are in 2013, and it’s a different game. In a recent sustainability overview, IKEA announced it has jumped ahead of Costco and Kohl’s Department store to become the second largest private user and producer of solar power in the United States. Now second only to Walmart, the store intends to keep ramping up renewable energy installations until it produces more power than it uses by 2020. The famous maker of inexplicably well-packaged, well-priced designer furniture plans to become a net PRODUCER of renewable energy! >>View Article

Walgreens to add solar power to 200 more stores


June 20 -- Walgreen said Wednesday it will install solar systems at 200 stores across several states, bringing its total solar-powered store total to about 350.

The systems are being designed by Chicago-based solar developer SoCore Energy, who will own, operate and maintain them. The newest installations will be in California, Connecticut, Delaware, Massachusetts, New Jersey and New York. >>View Article

Heather Zichal: Obama’s climate plan to focus on efficiency, renewables and EPA

June 20 -- President Barack Obama is poised to flesh out in the coming weeks his second-term climate change agenda, a three-part plan that will focus broadly on energy efficiency, renewable energy and Environmental Protection Agency regulations, a top White House adviser said Wednesday.

White House energy adviser Heather Zichal said the president is “going to be speaking about climate change in the weeks ahead.” POLITICO reported last week that the plan is likely coming in July. >>View Article

Will Renewables Continue to Grow? International Energy Agency to Release 5-year Forecast for Renewable Energy at REFF-Wall Street

June 19 -- The International Energy Agency (IEA) said in April that renewable energy is one of the few bright spots in an otherwise bleak assessment of overall progress toward cleaner energy, but will the renewable growth trend continue for the next five years? That is among the many questions that will be answered next week at the Renewable Energy Finance Forum-Wall Street (REFF-Wall Street) when IEA Executive Director Maria van der Hoeven releases her agency's latest five-year forecast for the global market for renewable energy. >>View Article

$2.6B Cape Wind alternative energy project gets $200M investment from Danish fund

June 19 -- The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm’s president said Tuesday is a milestone for the long-delayed project. In a statement announcing the commitment, PensionDanmark’s chief executive Torben Moger Pedersen noted the fund has already invested in two offshore wind projects in Denmark and said it was “delighted to participate in the Cape Wind project.” >>View Article

Cape Wind is an historic opportunity

June 19 -- The Alliance for Business Leadership is a Bay State based non-profit public affairs community for CEOs, Investors and Entrepreneurs committed to greater social and environmental responsibility. More than 150 founders, CEOs, and managing principals of Massachusetts companies – the vast majority of which work outside of the Bay State’s burgeoning clean tech industry but including many of the state’s fastest growing companies large and small – participate in our Alliance. And the Alliance for Business Leadership is an enthusiastic supporter of Cape Wind. >>View Article

Austin, Texas Closes In On 35% Renewable Energy

June 19 -- Austin, Texas is about to meet its goal of getting 35% of its energy from renewables, four years before the 2020 target date. Its utility, Austin Energy, is about to sign contracts for two large-scale wind farms that would bring 570 megawatts (MW) from the Gulf coast. The City of Austin will sign 25-year power purchase agreements to receive the energy at a cost of $1.4 billion. >>View Article

Why you should care about Solar Impulse and renewable energy’s long, long journey

June 19 -- It has now been more than 45 days since Solar Impulse took off from San Francisco for an across-the-nation journey powered only by the sun, and already there’s fatigue in some corners. When Solar Impulse finally landed in Washington, DC this weekend, there were no jubilant crowds of the type that met Charles Lindbergh when he arrived in Paris after his epic transatlantic flight. >>View Article

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