Topic: Solar Finance

Hospital connected to community microgrid

This explainer is the third part of a series by Sara Harari and Nate Grady on how microgrids are being used to transform the electrical grid. As climate change becomes the new reality, policymakers must decide how to invest limited resources in advanced technology and infrastructure. At the heart of this challenge is the debate over adaptation versus mitigation: should we focus our efforts on avoiding the worst effects of climate change (i.e. reducing the amount of greenhouse gasses we release going forward), or should we divide our resources and invest simultaneously on adapting to the most likely effects of...

The popularity of solar energy skyrocketed in South Carolina (SC) with the introduction of net metering in 2014 when the state legislature unanimously passed its landmark energy bill. After the introduction of the Distributed Energy Resources (DER) program, the Palmetto State went from having virtually no solar energy to having an installed capacity of 591 megawatts (MW).

As of Q3 2018, the solar industry has deployed a total of 60 GW of capacity across the United States, according to the Solar Energy Industry Association (SEIA). By now, solar PV is no longer seen as a risky investment, but a mature industry. For years, much of the activity in solar deployment has been concentrated in just a few markets like California, Arizona or Massachusetts. Unsurprisingly, the markets that have shown the greatest growth over the past decade have also become highly competitive both in terms of the sheer number of active solar developers and installers, but also in...

Vastly higher clean energy targets are essential to empower the international community to make the leap to a sustainable future, according to Richard Heinberg, coauthor of “Our Renewable Future: Laying the Path for One Hundred Percent Clean Energy.” In this interview, he delves into the practical challenges involved in the global transition to renewable power sources.

Developers in the United States believe that there is still room to maintain an adequate level of return for their power-purchase agreements (PPAs). Electricity prices in recent years have plummeted both for PPAs and in the wholesale market. Even so, developers believe that they can benefit from the expected decrease in capital costs and the increasing clean energy interest from companies.

Across the nation, new elected officials have been sworn in this January. They can alter the trajectory of clean energy projects in the years to come. Incoming governors may preside over expanding clean energy markets.

Nonprofits face a unique challenge in the solar-development market. According to a report by Smart Electric Power Alliance, the demand for community-shared solar is soaring, but supply cannot catch up due to a lack of financing options.

China is leading a global shift toward renewable energy. For the third time in a row, China has ranked in the 1st place in EY’s Renewable Energy Country Attractiveness Index.

Sharan Burrow at the Investor Summit on Climate Risk

“There are no jobs on a dead planet,” said Sharan Burrow, general secretary of the International Trade Union Confederation. Burrow is vice-chair of The B Team, a coalition of business and civil society leaders that was founded by Richard Branson and Jochen Zeitz. In an attempt to address the dual dangers of economic injustice and environmental disaster that Burrow’s remark references, The B Team launched the Pledge for a Just Transition to Decent Jobs in August 2018.

Commercial buildings should be prime customers for companies selling energy efficiency services. But the commercial energy efficiency market has failed to grow close to its full potential.