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Governors' Wind Energy Coalition

June 19, 2017

Nevada reinstates key solar energy policy

By Nichola Groom, Reuters  •    •  Posted 2017-06-19 04:43:53

Nevada Governor Brian Sandoval on Thursday signed a bill to reinstate a key rooftop solar policy and bring national residential installers Tesla Inc’s solar division and Sunrun Inc back to the state after an 18-month absence. Last week, state legislators passed the bill, which requires utilities to purchase excess power generated from rooftop solar panels at near the full retail rate. Known as net metering, the buy-back policy is critical to making residential solar affordable. [ read more … ]

Portland to foot SoloPower’s bill after company defaults on $10 million loan

By Jessica Floum, The Oregonian  •    •  Posted 2017-06-19 04:44:22

A company once pursued for its promise of green jobs will cost the City of Portland $5 million after defaulting on a $10 million state loan. Portland paid millions to lure SoloPower Systems to the city but will now have to pay much of the $8.1 million left on a state loan the company failed to pay. The Portland Business Journal reported Wednesday that the company defaulted on a $10 million loan from the Oregon Department of Energy. It stopped making payments in September. Portland made two payments of $119,000 toward the loan in April and May, said Oregon Department of Energy spokeswoman Rachel Wray. [ read more … ]

Big business sees the promise of clean energy

By The Economist  •    •  Posted 2017-06-19 04:44:55

Executives fear the exit will do no good to America’s—and by implication their—reputation. Not for nothing have more than 900 American firms and investors, including Amazon, Twitter, Target and Nike, put their names this week to a “We are still in” open letter to the UN. Its signatories pledge to help reduce the country’s carbon emissions by 26% by 2025, in keeping with America’s Paris pledge. That may be quixotic but is a rallying cry nonetheless. [ read more … ]

Global power sector emissions to peak in 2026: Report

By Susanna Twidale, Reuters  •    •  Posted 2017-06-19 04:45:15

Global emissions of greenhouse gases from the power sector are expected to peak in 2026, but will still be some way above levels needed to limit temperature rises in line with the Paris climate agreement, research showed on Thursday. Overall, $10.2 trillion will be invested in new global power generation between 2017 and 2040, with renewable power sources such as wind and solar accounting for almost three quarters of that, a report by Bloomberg New Energy Finance (BNEF) said. [ read more … ]

Renewable surge to accelerate coal ‘collapse’ — report

Christa Marshall, E&E News reporter  •    •  Posted 2017-06-19 04:46:42

Solar and wind power are set to “dominate” the future of global electricity and push coal plants out of business faster than expected, said a report released this morning from Bloomberg New Energy Finance, an analysis firm. Renewables are projected to constitute three-quarters of the $10 trillion invested globally by 2040 in new generation, largely because of a plunge in costs, BNEF said. Solar energy costs will likely fall an additional 66 percent by 2040, while onshore wind costs will likely plunge 47 percent, said the report. [ read more … ]

OIRA works quietly on updating social cost of carbon

Hannah Hess, E&E News reporter  •    •  Posted 2017-06-19 04:45:35

Not far from the White House, some of the federal government’s most influential number crunchers are still working on the social cost of carbon. President Trump’s executive order on energy independence effectively signaled “pencils down” on federal work to estimate the monetary damage of greenhouse gas emissions, disbanding the interagency working group that calculated the dollar value on the effect of greenhouse gas emissions on the planet and society. [ read more … ]

Lack of power lines delays sub-Saharan Africa’s biggest wind farm

By Stine Jacobsen, Reuters  •    •  Posted 2017-06-19 04:47:28

The biggest wind farm in sub-Saharan Africa is ready for launch but will remain idle until next year as Kenya’s government has not yet installed the transmission lines needed to get the clean power to customers, the provider of the turbines said. Danish wind turbine maker Vestas Wind Systems installed 365 turbines at Lake Turkana in the hot desert north of the east African country in March, completing construction in less than a year and two months ahead of schedule. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.