New tax bill could disrupt the renewable energy market

Renewable Energy - New US Tax Bill

Senate passes tax bill that could have a major impact on the clean power sector The U.S. Senate has passed a new tax bill that could have a major impact on renewable energy throughout the country. Over the past few years, clean power has been growing relatively rapidly in the U.S. This growth is expected to slow significantly due to the provisions of the new tax bill. One of these provisions was introduced by the Senate finance committee just before the tax bill passed. This particular provision, called Base Erosion…

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Wind energy has won more support in Turkey

Wind Energy Support in Turkey - Flag of Turkey

Turkish government plans to bring wind power investments up to $5 billion Turkey has announced an ambitious new plan to significantly increase its use of wind energy. The Turkish Wind Energy Association has revealed that the government intends to have some $5 billion in investments in wind power by the end of this year. On December 25, Turkey plans to launch a five-day-long tender, which seeks to support some 2,130 megawatts of wind projects. These projects will take form throughout the country and harness Turkey’s wind resources in order to…

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India launches new renewable energy initiative

New Renewable Energy Initiative - Green Field

Country intends to reach 200 GW of installed clean power capacity by 2020 The Indian government has announced plans to show more support for renewable energy. The country intends to tender enough clean power projects over the next three years to reach its 200 gigawatt capacity goal by 2020. Initially, India’s plan was to have 175 gigawatts of clean power capacity in place by 2024. Now, however, the country believes that it can surpass this goal by embracing a range of new projects that generate electricity from the sun and…

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China announced new trade plan to support renewable energy

Renewable Energy Trade Plan

Trade plan aims to boost small and medium-sized clean power projects China’s National Energy Administration has announced that small and medium-sized renewable energy producers will now be able to sell their electricity directly to buyers. The direct sale of this electricity will mostly be seen in regions where energy demand is high and comprehensive transmission capacity exists. This is part of China’s overarching plan to have renewable energy play a much larger role in its future. The country is working to eventually phase out the use of fossil-fuels in order…

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Solar energy continues to find success in India

Solar Energy - Sunset Behind Taj Mahal, India

39% of new energy capacity in India came from solar Solar energy accounted for the largest growth in new energy generation capacity in India this year. The country has been aggressively investing in the development of new solar farms, hoping to replace older forms of power with clean energy. Solar capacity has, therefore, been growing quickly. Several new solar farms have begun operation in recent months, adding momentum to India’s energy revolution. India now has 14.7 GW of installed solar energy capacity According to data from the Mercom Capital Group,…

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Solar energy capacity set to break records in China

Solar Panels on Rool - Solar Energy reaching toward the sky

China’s solar capacity is swelling quickly Despite prevailing curtailment issues, China is on track to install a record breaking amount of solar energy capacity this year. The country’s solar power sector has been growing at a very rapid pace, making China the world’s leading solar market. The rate at which solar capacity has been growing has lead many analysts and energy researchers to boost their forecasts by as much as 80%. These researchers and analysts believe that China’s solar energy capacity will only continue gaining momentum well into the future.…

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California may beat its own renewable energy goals 10 years early

Renewable Energy Goals

Clean power is growing aggressively throughout the state California may be on track to achieve its renewable energy goals 10 years ahead of schedule. In 2015, the state outlined its plans to distance itself from fossil-fuels in order to cut emissions and become more environmentally friendly. The plan involved meeting this goal by 2030. By that time, the state intended to derive no less than 50% of its electricity from renewable sources. Only two years after the plan was first introduced, California is outpacing its own expectations. Report shows that…

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China is looking to reduce renewable energy waste

Renewable Energy - Conserving Energy

Country intends to cut clean power waste in the coming years China is working to alleviate its waste of renewable energy. According to the National Energy Administration, China is currently working to reduce renewable energy waste by 2020. The country has been investing heavily in clean power in recent years, but much of the new electricity that comes from renewable power systems goes to waste. This is due to China’s existing energy infrastructure and its inability to handle the amount of electricity that is funneled into the system from clean…

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New Zealand unveils new commitment to renewable energy

New Zealand Landscape- Renewable Energy

Country outlines plans to reach 100% clean power by 2035 New Zealand has unveiled a new plan to reach 100% renewable energy by 2035. The outlining of the new plan comes on the heels of the country naming its 40th prime minister, Jacinda Ardern. Now, the country will be making efforts to phase out its use of fossil-fuels in favor of clean power. New Zealand already has a head start on accomplishing this goal. The country already derives approximately 80% of its electricity from renewable sources. Electricity has become very…

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India could beat its renewable energy goal before 2022

India Renewable Energy - Field of Sunflowers

Country is on track to surpass its renewable energy target ahead of schedule India may be on track to surpass its renewable energy goal ahead of schedule. An official from the Ministry of New & Renewable Energy recently claimed this to be the case. This is largely due to the country’s rapidly growing clean power capacity, especially where wind and solar energy are concerned. The government had set a goal of having some 175 gigawatts of operational clean power capacity in place by March of 2022. Government aims to reclassify…

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Solar energy in Montana reaches new milestone

Sunshine on Montana Country Road

Montana quadruples its solar energy capacity Montana has made significant progress in its efforts to embrace solar energy. Over the past year, the state has quadrupled its solar capacity, installing 6.6 megawatts of solar power. The state’s energy plan, called Montana Energy Future, has provided strong support for solar power. This support has made it easier for new solar projects to take form. The plan now aims to double the state’s solar capacity by 2025. Solar sector is making significant progress throughout the state Solar energy has become a primary…

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Global renewable energy consumption set to rise through 2040

Renewable Energy World

New report highlights the world’s growing consumption of electrical power The Energy Information Administration has released a new report concerning the world’s consumption of electrical power. The report predicts that global energy consumption will increase by 28% by 2040. Notably, the demand for coal is expected to decrease in the coming years. Many countries are expected to increase their reliance on renewable energy sources, such as solar and wind, in order to replace their consumption of fossil-fuels. China will see a major increase in renewable energy use The report from…

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The cost of wind energy continues to dwindle in the US

wind energy costs - wind turbine - alternative energy

Report shows that wind power is becoming more affordable Wind energy has become one of the least expensive forms of power in the United States, according to a report from the Department of Energy. The federal agency recently released its Wind Technologies Market report, which highlights the progress that wind power has made throughout the country. The report shows that as wind capacity has increased, the cost of the electricity wind farms generate has fallen considerably. Cost of wind energy will continue to drop in the future The report predicts…

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Green home energy is leading the way among renovation trends

Green Energy Home - Residential renewble energy

A growing number of homeowners are opting for microgeneration technologies such as solar. Building an addition or an extension onto an existing house can be a phenomenal way to boost home value and ensure that a current residence continues to suit a family’s needs without having to move. However, a bigger home can lead to rising electrical and heating demands and costs. As a result, many homeowners are choosing to participate in a rapidly growing green home energy trend. By installing microgeneration technologies onto existing homes or those that have…

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Geothermal energy could help Central America prosper

Geothermal Energy - Landscape in South America

IRENA highlights the potential benefits of geothermal power in Central America Geothermal energy could be key to helping Central America become a low-carbon economy, according to the International Renewable Energy Agency (IRENA). Central America is home to vast geothermal resources, much of which has gone untapped. This is beginning to change, however, and many Central American countries have now established themselves as leaders in geothermal installations. IRENA suggests that low-carbon economic development could be accelerated in these countries if governments embrace new policies. Countries could tap into geothermal energy for…

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Renewable energy reaches a major milestone in Australia

Australia Renewable Energy

Clean energy can provide power for 70% of Australia’s homes Renewable energy has come to establish a significant presence in Australia. Indeed, clean forms of power, when combined, could actually satisfy most of the country’s energy demand. According to Green Energy Markets’ first Australian Renewable Energy Index, clean power can generate enough electricity to power 70% of Australia’s homes. Once new solar and wind projects reach completion by the end of this year, the clean power sector will be able to generate enough electricity to power 90% of the country’s…

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