More proof the clean energy transition is well underway: An oil and gas major embraces renewables

By Greg Alvarez, American Clean Power Association

While some observers might claim we’re on the cusp of a clean energy transition, the reality is a widespread shift to renewables began years ago. The U.S. already has enough clean energy capacity to power 50 million homes, and over 300,000 Americans already have direct clean energy jobs. Economics are one of the biggest drivers. Because wind and solar costs have fallen by 90 and 70 percent, respectively, over the last decade, they’re now the most affordable sources of new electricity in much of the country. Nor are wind and solar niche technologies—many of the world’s biggest names in energy are rapidly adding renewables to their portfolios. The latest news comes from bp, which just announced a deal to acquire 9 gigawatts (GW) of solar projects currently under development. Continue reading here.

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FROM THE WHITE HOUSE BRIEFING ROOM

NEW REPORT OF POTENTIAL INTEREST

America has the capacity to build an energy system around clean, renewable resources, according to a new report by Environment America Research & Policy Center and Frontier Group: We Have the Power: Reaching America’s potential for clean, renewable energy. The report found that U.S. solar energy resources have the technical potential to meet America’s 2020 electricity demand more than 77 times over, and U.S. onshore and offshore wind resources could meet America’s 2020 demand 11 times over. In addition, all 50 states have sufficient solar or wind potential to meet current electricity needs, and 49 have enough to do so under a 2050 scenario in which energy uses like transportation and buildings run on electricity.

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Environment America Research & Policy Center and Frontier Group are part of The Public Interest Network. The Public Interest Network runs organizations committed to our vision of a better world, a set of core values, and a strategic approach to getting things done.