Saudi Arabia launches $50 billion renewable energy plan

Saudi Arabia Lanuches Renewable Energy Plan - Saudi Arabia Flag on hand

Saudi Arabia is investing heavily in renewable energy Saudi Arabia has launched an ambitious renewable energy plan in order to curb domestic consumption of oil and accommodate a growing demand for electricity. The government has introduced a $50 billion plan, which calls for a greater focus on both solar and wind power. Now, energy developers are being asked to bid on some 700 megawatts worth of solar and wind projects, with documents concerning these projects having to be submitted by March 20 of this year. Country aims to diversify energy…

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New program seeks to expand access to solar energy in Africa

Africa Solar Energy

AYUNI Systems to launch ambitious new solar energy program AYUNI Systems has announced that it plans to launch a new solar energy program in Sub-Saharan Africa. The program, called Solar Energy Rent to Own – Pay as You Go, is meant to make solar power more accessible to consumers. AYUNI believes that the program could reach millions of people in the region. If successful, the program could help ensure that consumers have reliable access to solar energy, representing yet another step forward for the region’s efforts to become more environmentally…

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Indiana legislation takes aim at solar energy net metering

Solar Energy - Image of Net Metering Device

Legislation intends to make changes to Indiana’s net metering initiative New legislation in Indiana has generated some controversy among supporters of solar energy. The legislation recently passed through the Indiana Senate Utilities Committee and it aims to put an end to the state’s net metering initiative. Net metering is designed to incentivize the use of solar energy, encouraging more people to make use of this form of clean power. This initiative has been particularly popular among homeowners, many of whom have been looking for ways to make use of solar…

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Solar energy reaches new heights in 2016

Solar Energy Reaches New Milestone

The solar energy industry nearly doubled in size last year In 2016, solar energy in the United States grew at an unprecedented rate. A new report from GTM Research and the Solar Energy Industries Association shows that solar installations doubled last year over what they had been in 2015. The report notes that solar energy accounted for 39% of all new energy generation capacity in the United States last year, breaking previous records and establishing solar as the leading form of clean power in the country. The economics of solar…

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Japan to build world’s largest floating solar energy farm

Solar Energy - Solar Panel Array

Kyocera and Tokyo Leasing Corporation will work together to develop ambitious new project Japan may soon be home to the world’s largest floating solar energy system. The Tokyo Leasing Corporation and Kyocera Corporation have announced plans to develop the massive 13.7 megawatt project. The solar farm will be located in the Yamakura Dam reservoir. Kyocera is already planning to develop a similar project in the Umenokifurukori reservoir, which will have a capacity of 7.5 megawatts. Once the projects are completed, Japan will be home to some of the only floating…

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India achieves major accomplishment with its renewable energy capacity

Renewable Energy - Indian Flag on Country Outline

India surpasses the 50 GW mark in renewable energy capacity India has reached another major milestone in its renewable energy sector. The Ministry of New & Renewable Energy has announced that the country’s operational grid-connected clean power capacity surpassed 50 gigawatts. More than half of this capacity comes from wind power, with solar energy coming in second. Hydropower, bioenergy, and waste-to-energy solutions make up the remainder of the country’s renewable energy capacity. While solar falls significantly behind wind in terms of capacity, India is considered one of the world’s fastest…

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Solar energy industry employs more people than the coal industry in the US

Solar Energy Industry - Jobs

The solar market continues to show major economic potential The solar energy industry in the United States now offers more jobs than the coal industry, according to a recent survey from Solar Foundation. The solar sector has been growing quickly in the country over the past few years, even outpacing fossil-fuels in terms of new energy generation capacity. Despite this, however, solar only accounts for approximately 1% of all electricity produced within the United States, but the sector represents significant economic potential that is impossible to ignore. Survey highlights the…

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Utilities are showing strong support for renewable energy in the US

Renewable Energy - Support

A growing number of major utilities are entering into the renewable energy space More utilities in the United States are beginning to scramble to embrace renewable energy, despite incoming changes to federal energy policy. The Trump Administration is poised to show more support for fossil-fuels, particularly coal and oil. The federal government is expected to ease regulations on the fossil-fuel sector in an effort to promote the expansion of conventional forms of power. Utilities, however, see significant opportunity in renewable energy, especially where solar and wind are involved. Wind and…

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China has become the world leader in solar energy production

Solar Energy - Chinese Flag

China reaches new milestone in its solar energy adventure China has claimed the title as the world’s leading producer of solar energy. The country’s National Energy Administration has announced that China doubled its photovoltaic capacity last year. By the end of 2016, the country had more than 77 gigawatts of solar capacity in operation. The National Energy Administration claims that China is now the official leader of the global solar energy sector, beating out other countries that have invested heavily in this form of clean power. Several provinces show leadership in…

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Massachusetts is making changes to the way it supports solar energy

Solar Energy - Image of Boston, Massachusetts

State aims to launch new program to show support for solar energy projects Massachusetts has begun overhauling its support for solar energy projects. Energy officials announced a new plan this week that aims to cut the annual cost of solar installations for ratepayers. Officials claim that the new support structure will instill more certainty in the energy market, which will allow solar developers to know exactly what level of incentive they will be receiving for their projects. The structure is also meant to foster more stability in the costs that…

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New project aims to use solar energy to produce hydrogen fuel

Hydrogen Fuel - Sunlight on water

Ambitious new project launched in Germany A new project has been launched in Germany which seeks to leverage the power of the sun to generate hydrogen fuel. The PECSYS project is being coordinated by the Competence Center Thin Film and Nanotechnology for Photovoltaics Berlin (PVcomB). The project is meant to address the issues facing solar energy generation. These issues are difficult to overcome, because they have to do with the simple nature of the world. For instance, solar panels cannot produce electricity during the night or when the sun is…

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China could become the global renewable energy leader

Renewable Energy - China

China is set to outpace the US in the renewable energy market China is prepared to take a leading role in the global renewable energy space. In 2016, China made significant progress in its clean power initiatives, increasing foreign investments in the renewable energy space by 60%, reaching a record $32 billion. China introduced a new strategy, dubbed “Going Global,” through which it has demonstrated its regional strength in helping modernize Asia’s infrastructure, preparing the region for new renewable energy systems, particularly those that are focused on solar power. US…

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Georgia Power is working to expand its solar energy capacity

Solar Energy - Installation of Solar Panels

Company seeks to increase solar energy capacity by 1.6 GW by 2021 Georgia Power has announced that it has made major progress in expanding its solar energy capacity. Last year, the company installed more than 2 million solar panels in Georgia. Now, Georgia Power intends to continue this expansion, adding as much as 1.6 gigawatts of additional solar capacity by 2021. Currently, Georgia Power represents approximately 846 megawatts of solar energy capacity, all of which is in operation at various locations throughout the state. Georgia continues work to embrace renewable…

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Legislation in Indiana could curtail the growth of the solar energy market

Solar Energy Market - Sunset in Indiana

Lawmakers seek to remove net metering from the solar energy market New legislation has been introduced in Indiana that aims to bring about major changes to the state’s solar energy market. The legislation intends to remove net metering, which has long been a major incentive encouraging homeowners and businesses to embrace solar. Solar supporters fear that without net metering, many people may be prevented from using the electricity generated by their own solar panels. This could also limit the number of people able to enter into the solar energy market….

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Solar energy is becoming more affordable globally

New solar projects highlight the continued decline in solar energy costs The cost of solar energy continues to fall throughout the world. In recent months, several solar projects have begun to take form in many countries. A bid to build a 500 megawatt solar power system was recently placed in China, with the bid being $0.46 per watt of capacity. Last week, a similar bid was placed for a solar project in Abu Dhabi, coming in at $0.023 per kilowatt-hour. According to Masdar Clean Energy, this represents one of the…

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China halts production on coal power plants to power renewable energy investments

Renewable Energy - Image Coal Power Plant

Construction on 85 coal power plants has been halted The Chinese government has suspended plans to build 85 new coal power plants in order to invest more heavily in renewable energy. According to the National Energy Administration, halting the coal projects is part of China’s Five Year Plan, which focuses heavily on clean power and reducing greenhouse emissions. China has placed a limit on how much coal capacity can be active in the country at any given time. This is meant to reduce the production of emissions and attract more…

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