Renewable energy investments continue to grow rapidly

Renewable Energy Investments - Jar of Coins

Report highlights the grown of clean power investments throughout the world Renewable energy is beginning to outpace coal, natural gas, and nuclear power, in terms of global investments. According to a new report from the International Energy Agency, investments in clean energy have grown quickly due to the rapidly falling costs associated with generating electricity using clean technology. Notably, both solar and wind have become the most heavily supported forms of clean power in the world. These two types of renewable power have attracted the majority of investments being made…

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Renewable power capacity sets new record in 2017

Renewable Energy Capacity - 2018 - Clover

Installed clean energy capacity reached 178 GW last year A record setting amount of clean power capacity was installed throughout the world in 2017, according to a report from REN21. The report shows that some 178 gigawatts of new capacity was installed last year. This represents the largest increase in clean power capacity ever recorded. Capacity is expected to continue well into the future as more countries begin to embrace renewable power. Solar saw significant growth in 2017 The report shows that solar saw the greatest increase in installed capacity.…

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Renewable generation may thrive with advanced energy storage solutions

Energy Storage Solution - Lightbulb with globe - earth

New storage solutions are needed for clean power to continue to flourish Advanced energy storage solutions could solve the intermittency problems facing renewable generation, according to Fitch Ratings. Such solutions could also revolutionize energy distribution models for utility companies, encouraging them to promote the use of residential clean power systems. Renewables have begun to outpace fossil-fuels in terms of growth, but they will need efficient and effective storage systems in order to continue thriving well into the future. Global storage capacity will have to reach as much as 15 TWh…

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Emissions free energy is beating coal and natural gas in the United States

Emissions Free Energy - Solar and Wind Renewable Energy

Report shows that gas-fired power plants will not be able to keep up with clean energy The coal and oil industries may be experiencing revitalization in the United States, but this may not be enough to be emissions free energy. A new report from the Rocky Mountain Institute shows that energy generators may be committing consumers and investors to as much as $1 trillion in future investments and fuel costs through 2030 due to a rush in building new gas-fired power facilities. Clean power, however, can provide consumers with less…

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Clean mobility is making a tremendous impact in Michigan

Clean Mobility - Electric Vehicle - Tesla - Green Car

Clean cars are contributing $18 billion to the state’s economy Michigan’s clean mobility sector contributes some $18 billion to the state’s economy and generates more than $700 million in tax revenue every year, according to a new report from Clean Fuels Michigan. The report highlights the numerous economic benefits that are associated with clean vehicles. Investments in the research, development, and commercialization of clean cars have been increasing in recent years, which has created new opportunities within the state, making Michigan much more attractive to automakers. Report shows that the…

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Green investments plummet in the UK

Green Investments - Plan and coins

Critics say the government has created a “hostile environment” for investors Clean energy has been growing in the United Kingdom in recent years, but the government is now facing new criticism in its support of this sector. Green investments in the UK are now lower than they have been in a decade, according to a report from the Environmental Audit Committee. Critics say that the government has created a hostile environment for investors. This is largely due to the government withdrawing its support for various forms of renewable power. Lack…

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Ohio alternative energy rules may be changing

Ohio Alternative Energy Rules to Change - Field - blue sky

Revised legislation aims to remove clean power mandate on utilities Ohio alternative energy rules are looking to be changed by lawmakers that would have an impact on how the state’s utilities use alternative power resources. A revised version of House Bill 114 was recently introduced and, if approved, would remove the clean power mandate from utilities. This mandate would be replaced with voluntary goals, providing utilities with more flexibility when it comes to transitioning away from fossil-fuels and offering consumers access to new forms of energy. Clean energy mandates have…

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EU and China are looking to lead the world with green investments

Green Investments - Green with Money

EU and China intend to establish new international order The European Union and China will work together to use clean power and technology to create and lead a new international order. Both the EU and China have become major proponents of the Paris Agreement, which calls upon countries to reduce their emissions by embracing clean technologies and new energy sources. The initiative has helped spark an increase in green investments throughout the world. China has been especially aggressive in this regard, with the EU following suit. Both intend to establish…

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Virginia regulators reject clean energy proposal from state utility

Clean Energy Proposal Rejected - No

Dominion Energy has lost its proposal to provide major electricity consumers with 100% renewable power Regulators in Virginia have rejected a proposal from Dominion Energy, one of the state’s major utilities, to provide large electricity consumers with 100% renewable energy. The decision has won praise from clean energy advocacy groups throughout the state as well as retail suppliers of electricity. This is due to one of Virginia’s current laws. The law state that third-party companies can sell 100% renewable power directly to consumers unless their utility offers a separate plan.…

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More cities around the world are embracing renewable energy

Renewable Energy for Cities

More cities than ever are receiving their electricity from clean power sources A growing number of cities throughout the world are reporting that they are receiving the majority of their power from renewable energy sources, according to data from CDP, an environmental research group. According to the data, 101 of the 570 cities researched by CDP derive 70% of their electricity from clean energy systems. This is nearly double the number that predominantly received their electricity from clean power in 2015. Data shows that cities are finding new economic opportunities…

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Legislation aims to boost renewable energy in Virginia

Renewable Energy Legislation

New bill aims to trigger a major energy shift in Virginia Virginia lawmakers have introduced a new legislation that could have a major impact on renewable energy in the state. The legislation was introduced by Delegate Sam Rasoul and is being considered one of the most aggressive energy bills the state has seen in recent history. The bill would require the state to commit itself to 100% renewable energy by 2035. It would also establish a moratorium on the approval of all fossil-fuel projects. Several states are looking to embrace…

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France bans production and exploration for natural gas and oil

France bans exploration of natural gas and oil - Ban sign

France will no longer produce natural gas or oil domestically per new legislation Lawmakers in France have approved new legislation that will ban all exploration for and production of oil and natural gas by 2040. Per the new law, existing drilling permits are not to be renewed. Furthermore, the licenses needed for oil and natural gas exploration projects will not be issued in the future. The legislation is part of France’s overarching efforts to become more environmentally friendly and focus on cleaner forms of power, such as wind energy and…

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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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