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My home state has set some aggressive long-range goals for clean energy, specifically we must have 60% renewable and zero-carbon electricity by 2030, ramping up to 100% by 2045. By the way, California has clear definitions of renewables and these include solar, wind, geothermal and small hydro. “Zero-carbon” (or “carbon-free") sources include nuclear and large hydro…
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The Inflation Reduction Act was designed to enhance domestic manufacturing and secure domestic supply chains. The act, signed by President Biden in 2022, was sponsored by Sens. Chuck Shumer (D-NY) […]
The post Impact of the IRA on U.S. Renewable Energy Manufacturing and Supply Chains appeared first on POWER Magazine.
A New York-based power and energy infrastructure group will acquire more than 3 GW of operating renewable energy assets, along with another 8 GW of projects under development, from a […]
The post LS Power Acquiring Renewable Energy Assets in $ 2.5. Billion Deal appeared first on POWER Magazine.
Masdar, the Abu Dhabi-based renewable energy major, said it has agreed to buy Greece’s Terna Energy in a €3.2 billion ($ 3.4 billion) deal. The agreement signed June 20 is one […]
The post Masdar Inks $ 3.4 Billion Deal to Acquire Greece Renewable Energy Major appeared first on POWER Magazine.
Chicago’s public buildings could all be powered by renewable energy under a plan announced by Mayor Lori Lightfoot on Aug. 8.
The mayor, along with Illinois Gov JB Pritzker, on Monday said the city has an agreement with Chicago utility Constellation Energy, along with Massachusetts-based Swift Current Energy, a renewable energy developer. The two spoke at a news conference at the Chicago Urban League. The deal would make Chicago one of the world’s largest cities to commit to using 100% renewable energy.
“I am incredibly proud to advance this commitment to transitioning all city operations to 100% renewable energy by 2025,” Lightfoot said. “The signing of this agreement demonstrates that the City of Chicago is leading by example and driving high-impact climate action, building the clean energy workforce of the future and equitably distributing meaningful benefits to foster the local clean energy economy for all.”
Construction of projects related to the plan is set to begin by year-end.…
The highs and lows of markets for renewable energy are driving more interest in granular pricing data. Any company embarking on a new project must do its research to ensure that it calculates the proceeds based on the right financial information. With so much data now readily available, it’s more important than ever to use the right data, and make accurate calculations.
Amid the boom in demand for renewable power plants, that is not always happening when backers go to measure the value of the energy they will generate. Here’s why, according to Jennifer Newman, vice president of Atmospheric Science Research at REsurety, the Boston, Massachusetts-based renewable industry data and analytics company, who says friends don’t let friends use “8760s.”
POWER: What is an 8760 and how is it used in the renewable energy industry?
Newman: An 8760 (sometimes referred to as a typical meteorological year or TMY) consists of hourly generation values for a wind or solar project for all 8,760 hours of a typical year.…