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Governors' Wind Energy Coalition

January 14, 2016

Analysis calls rule ‘very achievable’

Amanda Reilly, E&E reporter  •    •  Posted 2016-01-14 06:44:17

A new study analyzing different compliance scenarios for U.S. EPA’s Clean Power Plan calls the new rule “very achievable.” The analysis by M.J. Bradley & Associates, an environmental consulting firm, also found the United States could sustain a diverse energy mix under the program, which compels states to lower carbon dioxide emissions from power plants. The analysis also found that having states or companies trade emissions credits or allowances can “significantly” help them reduce the costs associated with the Clean Power Plan. [ read more … ]

President May Have Exaggerated Role of Stimulus in Clean Energy, Experts Say

By CORAL DAVENPORT and DIANE CARDWELL, New York Times  •    •  Posted 2016-01-14 06:44:49

President Obama, in his final State of the Union address on Tuesday night, boldly proclaimed the successes of what he called “the single biggest investment in clean energy in our history,” the 2009 economic stimulus that pumped $80 billion into clean and renewable energy projects. In fields from Iowa to Texas, wind power is now cheaper than dirtier, conventional power,” he said. “On rooftops from Arizona to New York, solar is saving Americans tens of millions of dollars a year on their energy bills and employs more Americans than coal — in jobs that pay better than average.” He added that “we’ve cut our imports of foreign oil by nearly 60 percent and cut carbon pollution more than any other country on Earth.”
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As Oil Crashed, Renewables Attracted Record $329 Billion

By Jessica Shankleman, Bloomberg News  •    •  Posted 2016-01-14 06:45:21

$329.3 billion of investment last year. The 4 percent increase in clean energy technology spending from 2014 reflected tumbling prices for photovoltaics and wind turbines as well as a few big financings for offshore wind farms on the drawing board for years, according to research from Bloomberg New Energy Finance released on Thursday. [ read more … ]

Fla. solar proponents wrestle utility ‘poison pills’

Kristi E. Swartz, E&E reporter  •    •  Posted 2016-01-14 06:43:20

The future of Florida’s rooftop solar market remains murky despite continued optimism from clean energy advocates who have been fighting for years to strengthen it. There was clear evidence of the tug of war yesterday as backers of a proposed constitutional amendment to create a market for rooftop solar announced they are targeting the 2018 ballot instead of 2016. For now, Floridians for Solar Choice will put all of its money and political muscle behind killing a utility-backed solar proposal — also slated for voters — that needs to clear the Florida Supreme Court. [ read more … ]

African Sunshine Can Now Be Bought and Sold on the Bond Market

By Anna Hirtenstein, Bloomberg News  •    •  Posted 2016-01-14 06:43:44

Africa’s off-grid solar industry has been turned into an asset class for the first time, bundling contracts for thousands of the sun-powered rooftop electricity systems to sell as bonds. “I worked in commercial banking in the U.S. for several years and was involved in the securitization of residential solar, specifically SolarCity,” said David ten Kroode, renewable energy manager at Oikocredit, which is based in Amersfoort, Netherlands. “We thought it was an interesting model that could be replicated in Africa.”
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Note: News clips provided do not necessarily reflect the views of coalition or its member governors.