Corporate buyers who learn to weave power purchase agreements into their finances have drawn on research and hedges to manage electricity's risk. With the Covid-19 disaster roiling electricity markets and project schedules, we survey risk management strategies and test their resilience. Some new takes on risk- and takes on new risks- have emerged.
Power purchase agreements come primarily in two flavors: physical and virtual. In the physical deal, a buyer takes electricity on specified green terms. In the virtual arrangement, a buyer commits capital for renewable projects that will light somebody else's territory. This piece lays out the logic, risks and potential in each approach.
Though operating in distinct markets, each with unique business needs, companies from Sprint to Gap to the Clorox Company have all taken on a novel technique for energy procurement in the past year: the power purchase agreement (PPA).
How can we shine a light on the smart choices for the long term in this confusing moment? Among other things, we can strike up conversation within our community. While most of us work from home and hang back from the ways we'd normally convene, we'll be sharing more insights from across the CBEY network. Here, economist Ken Gillingham lays out what the oil shock might mean for solar markets' progress- and how that progress can persevere.
Delaware consumes 100 times more energy than it produces, according to the Energy Information Administration, and gets 87% of its electricity from natural gas. The state’s renewables portfolio consists primarily of solar and biomass; a 120-megawatt offshore wind facility is expected to be online in 2022. CEFF spoke to Tony DePrima, executive director of the Delaware Sustainable Energy Utility (DSEU), about the state’s clean energy landscape.
In an interview with CEFF, the Connecticut Green Bank unveiled its plans to bring to market approximately $15 to 20 million of new $1,000 face value “Green Liberty Bonds” around April 22, in recognition of the 50th anniversary of Earth Day. In a twist, the new bonds will be available not just to institutional investors but to retail investors throughout Connecticut and beyond.
Pollinator-friendly solar is taking off across the country, and with the help of this toolkit, it won’t take long to learn what the buzz is all about. This toolkit is intended for solar developers interested in learning what it takes to turn your next solar project into a pollinators’ paradise.
In this interview, Susan Glickman, Florida director for the Southern Alliance for Clean Energy, discusses the status of clean energy development in the state. Glickman lays out policy battles over renewable portfolio and energy efficiency standards, the state’s history of natural gas consumption, growth in utility solar programs, and an effort to deregulate the state’s utility industry.
Given the promising value proposition of pollinator-friendly solar, several states have passed voluntary standards to encourage the practice, and a number of developers have committed to pollinator-friendly projects for all or part of their portfolios. Illinois-based ENGIE Distributed Solar is one such developer. In this interview. Gavin Meinschein, ENGIE’s lead civil engineer, discusses the case for pollinator-friendly solar and the company’s experience implementing the practice.
Pollinator-friendly solar, which incorporates native grasses and wildflowers throughout a solar installation, is one approach to cultivating additional land use benefits from solar projects. In two new Yale Center for Business and the Environment white papers, we explore the potential of this emerging practice.