By Kyle Stock, Bloomberg
NextEra’s wind and solar farms, now scattered across about half the U.S., produce enough juice to power Greece. The company has plans to nearly double its renewable capacity — enough turbines and panels — to power 11 million homes. That’s about 10 percent of the country. From there, the next 10% should come far cheaper. Read more here.
Previously Posted: 5 Major US Utilities That Haven’t Promised to Fully Decarbonize: Some of the holdouts will surprise you, by Julian Specter, Greentech Media
Photo: NextEra built Nebraska’s 5-megawatt solar array on 35 acres east of Fort Calhoun, which became operational in late December of 2019. NextEra contracted with OPPD to sell the power it produces to the utility for at least 20 years. See: Here comes the sun: OPPD awards contract for community solar, The Wire
More On NextEra & Nebraska
- NextEra is also pursuing a 423-megawatt solar project in Nebraska. It has acquired land rights and now is waiting to find a buyer and to hear what the Southwest Power Pool would charge for a connection to the grid. That figure is critical in developing renewable projects. [Phil Clement, who directs projects in Nebraska for NextEra] said that although it’s not now in the plan, storage could become a part of a Nebraska solar array as well. NextEra always builds solar projects “with storage in mind,” he said. Source: Solar-storage project would be ‘game-changer’ for Kansas City region, by Karen Uhlenhuth, Energy News Network
- NextEra, Nebraska farmers aim to build largest solar farm in the Midwest, by Karen Uhlenhuth, Energy News Network
- NextEra looking into potential solar farm in northeast Nebraska, Lincoln Journal Star
NextEra has signed a lease for 2,500 acres in Pierce County with brothers Ryan and Aaron Zimmerman, who have a 345-kilovolt Nebraska Public Power District power line running through their land. The brothers told the Energy News Network website that they previously had an agreement with a smaller solar company a couple of years ago.
- Currently, NextEra is developing the 250MW Little Blue Wind Project in Webster and Franklin Counties. Little Blue Wind Farm’s Facebook Page
About Power Purchase Agreements
Solar Power Purchase Agreements, Solar Energy Industries Association
A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost.
Renewable energy projects are “awaiting interconnections because of the inefficiency of the transmission we have,” Jon Wellinghoff, FERC chairman from 2009 to 2013 and CEO of Grid Policy, told GTM. “If we start providing developers with incentives to improve that efficiency, we’ll see interconnections will happen much more quickly, more smoothly, and at a much lower cost.” While President-elect Joe Biden’s most aggressive clean energy plans may face roadblocks from Republicans in Congress, transmission development could be a realm where federal policymakers could align, [Hudson Gilmer, CEO of DLR provider LineVision] noted. “Modernizing our grid, especially using advanced technologies, is an area that both sides of the aisle can agree on.”
NATIONAL & LOCAL SOLAR INFORMATION
In October, I published reports on the top US solar states per capita, the top US solar states as a percentage of electricity, and the top US states in terms of total installed solar power capacity. Based on that first ranking system, I’m going a bit broader and looking at some more solar stats.
Local Resource: Solar Energy Generation In Nebraska, Nebraska Department of Environment and Energy
DOE FUNDS STUDY ON CO-LOCATING SOLAR & POLLINATOR HABITATS
The three-year project, “Evaluation of Economic, Ecological, and Performance Impacts of Co-Located Pollinator Plantings at Large-Scale Solar Installations” will examine the economic, ecological and performance impacts of pollinator habitats co-located at five large-scale solar photovoltaic facilities in the Midwest and Mid-Atlantic regions.
LEGO’S CARBON REDUCTION GOALS
The LEGO Group’s carbon goal approved by Science Based Targets initiative, WebWire
The LEGO Group has committed to reducing its absolute carbon emissions by 37% by 2032 to ensure the company plays its part in limiting the effects of climate change1. The target has been approved by the Science Based Target initiative as consistent with levels required to keep global warming to below 1.5°C, the most ambitious goal of the Paris Agreement.
About The Science Based Targets Initiative
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets. More information can be found here.
Since 2012 the LEGO Group has invested approximately $890 million in offshore wind power. In May 2017 the company joined RE100 and achieved its ambition to balance 100% of its electricity use with energy from renewable sources. RE100 members include over 270 of the world’s most influential businesses.
GLOBAL IMPACT INVESTING
The unglamorous approach to impact investing in energy, PV Magazine article contributed by David Riester, a partner at Lacuna Sustainable Investments
Even the most cynical among us (rest assured I will have my moments herein) must be heartened by the near $1 trillion dedicated across the globe to “double-bottom line” investments, especially considering that ten years ago, using the same methodology, the pool of capital was $50 billion. Yet, as I stare at a press release for the twelfth ESG focused “SPAC”, I wonder: is the impact investment community directing its energy sector allocation optimally? The coming pages will touch upon 1.) Where the money is going now, 2.) Where it should go, and 3.) Why it isn’t going there.
A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. – Investopedia
Vermont’s Green Mountain Power deploys vehicle-to-grid charger, by Paul Ciampoli, American Public Power Association
Vermont power company Green Mountain Power (GMP) has successfully deployed what it says is a first-of-its kind vehicle-to-grid charger to reduce energy use on the grid during peak demand.
Solar Energy is Hitting a Growth Spurt. So Is The Disinformation Around It, Texas Observer
Disinformation about renewable energy isn’t new. For decades, fossil fuel companies and conservative think tanks have painted wind turbines as a bird-killing, unreliable, and property-value damaging source of energy. “We’re starting to see the same forces shift over, focusing on solar farms,” says Dave Anderson, a researcher with the Energy and Policy Institute who tracks fossil-fuel-funded disinformation about renewable energy.