Royal Dutch Shell Plc and EDP Renovaveis SA agreed to sell power from a wind farm they’re building in the Atlantic Ocean for a record-low price. The 804-megawatt Mayflower wind farm, located south of Martha’s Vineyard, will supply electricity to utilities in Massachusetts for $58 a megawatt-hour over the life of the contract.
Though 45% of utility employees surveyed in Utility Dive's 2020 State of the Electric Utility Survey see the transition's cost — including stranded assets — as a top risk for the sector, only 18% see generation retirements and stranded assets as a top concern and just 14% said stranded assets present a major challenge to a changing fuel mix.
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.
As more traditional venture capital and strategic investors are beginning to evaluate blockchain for the energy industry, feasible near-term use cases such as carbon credit tracking or management of utility assets may offer more immediate returns than ventures seeking to fundamentally reshape electricity markets around peer-to-peer trading.
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.
North Carolina has the potential to be a leader in offshore wind development, and the governor’s guidance can help jumpstart the industry. As a new market, however, the industry needs a stronger signal of interest. An executive order setting a goal for offshore wind development will show the wind industry that North Carolina intends to significantly invest in the sector.
A decade ago, entrepreneurs and investors alike believed that silicon wafer-based photovoltaics would soon be a relic. Tens of billions of venture and corporate dollars chased novel technologies that would surely replace silicon.
The implementation plan that Arlington County expects to propose in June 2020 needs to include the creation of a green bank – a quasi-public entity established to facilitate private investment into local low-carbon, climate-resilient infrastructure.
Michigan can unlock energy-saving upgrades for homeowners by passing residential property assessed clean energy legislation. The legislation should guarantee energy savings and protect consumers by including a method for determining eligible energy-saving measures; restrictions to R-PACE financing amounts and underwriting criteria; and robust consumer protection provisions.
The fund has 70% less carbon emissions than its benchmark, the S&P/ASX 300 Total Return Index, because it’s typically underweight cyclical stocks in industries such as fossil fuels, steel and cement, transport and mining.