Solar Archives - Page 10 of 11 -

Silverpeak acquires 180-MW Texas solar project from Tri Global Energy

March 9, 2020

Solar Power World Tri Global Energy, a leading developer of renewable energy, announced an agreement to sell the 180-MW Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy and credit. Tri Global Energy will maintain its role as lead developer through project financing and construction. This is the second project Silverpeak and Tri Global have partnered

How long will the slowdown in renewables last?

March 3, 2020

GreenBiz Oil & Gas 360 Editors Note: Trevor d’Olier-Lees writes an excellent article looking at the renewable market, and if a downturn is on the horizon. The key take away’s from the article are surrounding the removal of tax incentives and the “market-driven era has begun”. I have always said that a balanced approach to energy production between fossil fuels,

Saudi Arabia joins club of Middle East’s ‘green energy’ leaders

January 19, 2020

Arab News Key Points: Government plans to invest up to $50bn in renewable energy projects by 2023 – Demand for electricity in the Kingdom is forecast to rise by up to 120 GW by 2030 ABU DHABI: Saudi Arabia has become one of the Middle East and North Africa (MENA) region’s leaders in the race to use renewable energy,

New electric generating capacity in 2020 will come primarily from wind and solar

January 14, 2020

EIA EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions. According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost

Private equity, venture capital putting money into solar development

January 9, 2020

Houston Chronicle Corporate funding into the solar energy industry topped $11.7 billion last year, a 20 percent increase compared to the $9.7 billion raised in 2018. Funding included venture capital, private equity, debt financing and public market financing, according to a report on investment funding sources, according to the communication and consulting firm Mercom Capital Group of Austin. Of that

BP increases stake in solar energy firm Lightsource BP

December 5, 2019

Reuters LONDON – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday. European oil companies like BP have been stepping up investment in renewable power to diversify their businesses in the face of global moves toward

Renewables get a boost from lower cost batteries

November 22, 2019

Houston Chronicle Lower costs and more capacity helped to drive growth in the renewable energy industry this year, according to a new study. The lifetime cost of operating utility-scale solar facilities declined by 18 percent and on-shore wind dipped by 10 percent during the first half of the year, according to the consulting firm Deloitte. The biggest decline in cost

Texas needs better management of small power sources

November 13, 2019

Houston Chronicle Electricity consumers in Texas could save nearly $5.5 billion over the next decade by using distributed energy resources such as solar energy, energy storage and electric vehicles to reduce the need for more expensive peak power generation and investments in transmission and distribution, according to a new study. The energy industry trade group Texas Advanced Energy Business Alliance

Shell to buy French floating wind farm specialist

November 5, 2019

Source: Reuters LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business. EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they

Wells Fargo inks solar deal with NRG

October 21, 2019

Source: Houston Chronicle Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy. The agreement will provide about 62,000 megawatt hours of solar energy each year to approximately 400 Wells Fargo properties from a new utility-scale solar facility in Texas. NRG isn’t

EIA: Renewables Generated More Electricity Than Coal in April

June 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Renewables edge out coal for the first time in U.S. history This April, for the first time in U.S. history, monthly electricity generation from renewable sources exceeded that of coal-fired means, according to the EIA. More precisely, coal was responsible for about 20% of the nation’s electricity, whereas renewables such as

Germany to Totally Exit Coal

June 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Proposal calls for the transition to occur by 2038 A government-appointed coal commission in Germany has laid the groundwork for a plan to phase out the use of coal completely by 2038. The move is coupled with an effort to eliminate nuclear power as well, with the goal of transitioning Germany

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