Sustainable Women Series: Driving Down Solar ‘Soft’ Costs: A 70 Percent Reduction in 5 Years
Launched by the Department of Energy in February 2011, the SunShot Initiative was designed to make solar energy cost-competitive by 2020. In 2010, the cost of one solar watt was $ 3.80. The SunShot project was attempting to reduce soft costs – non-technology costs – to $ 1 per watt or $ 0.06 per kilowatt-hour, an almost 75 percent decrease in the 2010 cost.
OST Energy supports first floating solar power financing deal
OST has announced its work with UK bank, the Royal Bank of Scotland, and Europe’s leading solar energy company, Lightsource Renewable Energy, to bring Europe’s largest floating photovoltaic solar power project to financial close earlier this year.
Austin, my home for the past 35 years, is typically a pretty sunny place year-round. But summer is when I am reminded of the sun’s unwavering presence and strength. Fortunately, Texas is beginning to put those rays to work, as evidenced the Solar Energy Industries Association’s (SEIA) newest U.S. Solar Market Insight.
The Sun as Filling Station: Turning Solar Energy into Electricity
Morocco is a country undergoing profound changes. The population is growing, and prosperity is rising. Companies are adding locations here. Rural areas are getting connected to the power grid. Demand for energy is expanding, especially for electricity.
Solar Powered Smart Flowers Are New Focus for Cape Wind Champion Jim Gordon
An innovative solar plus storage solution that was launched in Europe about 2.5 years ago is coming to the U.S. The product is called “SmartFlower” and it looks like a gigantic sunflower with a short, fat stalk. The company said it has sold about 1000 units into 20 different European countries since launch.
The SmartFlower wakes up at sunrise, fans out its solar panels to 194 ftÂ² and automatically cleans itself in preparation for capturing the sun’s rays. SmartFlower then turns to face the sun at a 90Â°angle, and follows the sun throughout the day using dual-axis tracking to maximize solar energy yield. One SmartFlower produces the equivalent of a 4 kW rooftop system, according to the company.
Energy harvested during the day is stored in the lithium-iron-phosphate (LiFePO4 or LFP) batteries and managed through a “smart” energy management system that helps the homeowner decide when to use power from grid, the battery or the solar panels. The company is working on more smart features that that, for example, might enable the system to decide what to do if there is too much power — perhaps suggesting the homeowner turn on the air conditioner or the pool pump.
In recent years, solar has seen an unprecedented rise in installations, both on a large and small scale. Energy storage, however, hasn’t quite kept pace. Though home batteries present significant advantages to households with solar panels, many consumers spring for the panels, seeing the economic and environmental benefit, but choose not to install a home battery to store the unused solar energy they generate.
Consolidation Will Spur Future C&I Success for Solar
Revolutions in financing have cemented solar energy as a mainstay of U.S. energy production in the residential and utility market segments. But one segment of the solar market still struggling to find its footing among finance professionals is the commercial and industrial (C&I) segment.
Apple Plans to Sell Excess Rooftop Solar Energy From Headquarters
Apple Inc. plans to sell excess electricity generated by solar panels on the roof of its new headquarters in Cupertino, California, joining Google parent Alphabet Inc. in efforts to trade on the energy market.
Legislative Reform to Promote Solar Energy in Armenia
The Armenian Parliament on May 12 adopted the second and final reading draft amendments “On Energy Saving and Renewable Energy,” giving strong impetus for the development of solar energy in private and industrial segments of the Armenian economy, according to market participants.
AEP Ohio, a unit of American Electric Power (NYSE:AEP), today issued a Request for Information (RFI) to solicit information from companies that have an interest in participating in a future AEP Ohio Request for Proposals for obtaining Solar Energy Resources (5 MW or greater) through long-term power purchase agreements.
Finnish energy group WÃ¤rtsilÃ¤ recently announced its entry into the solar energy industry with an emphasis on delivery of turnkey utility-scale solar PV and unique hybrid power plant solutions. The company will engage in delivery of its first hybrid power plant late this year, with a retrofitting project in Jordan.
While the exact date that the U.S. installed its 1,000,000th solar installation is hard to pinpoint,according to the Solar Energy Industries Association (SEIA), the country is there. The organization plans to celebrate the milestone in early May with a three-pronged approach that includes political outreach, a large social media push and an event to take place in the near future.
China’s PV Industry Slated for High Growth Over the Next Five Years
China is expected to continue to be the world’s fastest growing solar PV market during the five years spanning 2016 to 2020, with an addition of 15 GW to 20 GW in new PV power generation capacity each year, National Energy Administration director Nur Bekri said at the 9th Asia Solar Energy Forum.
Massachusetts State House passes solar incentive compromise
A partly sunny compromise on solar energy legislation, hammered out after five months of negotiation, moved favorably Wednesday afternoon from the Massachusetts House to the Senate, where action is scheduled for today. While some renewable energy advocates support the compromise that the House approved overwhemingly, they caution it’s a short-term fix. Solar EnergyÂ RSS Feed
GE to Design Wind, Solar Energy Storage Project in India
GE last week said that its energy consulting business has been chosen by wind energy firm IL&FS Energy Development to examine the feasibility of integrated wind, solar and energy storage projects at IL&FS Energy’s sites in Ramagiri, Andhra Pradesh, and Nana Layja, Gujarat, India.