Tag Archives: utilities investing in renewable energy

The Green New Deal Just Speeds Up The Current Green Wave. Case In Point: Solar-Plus-Storage

By Ken SilversteinForbes

The Green New Deal is not an “abstract” idea. Globally economies are trending toward cleaner energies — efforts initiated by public demands, improved technologies and forward-thinking policies: The sponsors are compelled to accelerate the pace — to not just help impoverished communities but to also prevent environmental catastrophe. Think this wild-eyed? Think again. Wind costs have fallen by 67% since 2009 while utility-scale solar has dropped by 86% since that time, according to the financial adviser, Lazard.

“People have opinions about the economics of green energy investments based on a set of facts that are five years old,” says Trip Miller, managing partner at Gullane Capital Partners, in an interview. “And if you extrapolate out, we will get to the point where these energy forms just need battery technologies before they become pervasive.” Read more here.

Photo by Martin Tidbury / Flickr

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The 25 cities involved in Bloomberg Philanthropies’ American Cities Climate Challenge are projected to collectively cut 40 million metric tons of carbon emissions by 2025, according to a new analysis released by the foundation. That’s the equivalent of eliminating 10 coal plants. The $70 million challenge brings 25 cities into a two-year accelerator program, which will offer money and technical assistance for local efforts to fight climate change. The full cohort of cities was announced last month.

Changing tides: Utilities and solar

 By Christian Roselund, PV Magazine

An increasing number of U.S. utilities are embracing the low and predictable costs of utility-scale solar. But conflicts remain over distributed generation, and the real question is who will own the solar that is being built. Continue reading.

Photo: Utility-scale solar plant operated by Duke Energy. Duke is one of many U.S. utilities starting to move away from coal and nuclear towards renewables. Credit: Duke Energy

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