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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MIT researchers develop new battery system that can store and release heat

MIT Research - Battery System

New battery system can provide thermal energy when it is needed most A research team from the Massachusetts Institute of Technology (MIT) has announced the development of a new battery system that can store solar energy and release heat when it is needed. Researchers believe that the new system could be used to provide electricity for communities in developing parts of the world. In cities, the system could also be used to limit the amount of electricity that is consumed by residents, particularly during colder seasons. System can collect energy…

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UCLA researchers develop new device that can produce hydrogen fuel

Hydrogen Fuel - Research Lab

New device uses solar energy to produce hydrogen A team of researchers from UCLA have developed a new device that is capable of producing and storing hydrogen fuel. The research team suggests that the device can be replicated at various different sizes, making it useful for small electronics as well as fuel cell vehicles. In the most extreme cases, the device could even be scaled-up to be used as a hydrogen storage system for large cities. The device is also environmentally friendly, as it uses solar energy to produce hydrogen…

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Australian Northern Territory announces new plans for renewable energy

Australia Renewable Energy - Solar power in the desert

Territory aims to generate half of its electricity from renewable sources by 2030 Australia’s Northern Territory has announced plans to embrace renewable energy more aggressively. The government hopes to generate no less than 50% of its electricity from renewable sources by 2030. Notably, the government intends to provide grants to homeowners that make use of clean power. According to officials, these homeowners may be eligible for grants up to $750, which will help them install solar panels, battery systems, and various renewable energy solutions. Renewable energy will allow territory to move…

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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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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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Solar energy is dominating the global energy sector

Global Solar Energy Sector - Earth and Sun

Solar power is having an impact on other forms of clean energy The current solar energy boom could have a major impact on the world’s overarching energy industry. The International Energy Agency has released its latest World Energy Outlook report. The report suggests that by 2040, the world will need to add the equivalent of China and India’s current energy capacity in order to meet the demands of a growing global population. Solar power is the fastest growing segment of clean energy that currently exists. If this sector continues to…

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Tax reform bill could have impact on renewable energy in the US

Renewable Energy - Tax Break

New tax reform bill may affect the renewable energy space The United States House of Representatives is expected to approve a new tax reform bill which may have some impact on the renewable energy space. As it stands now, the bill would reduce the tax benefits that have benefited the clean power industry in the past. As the final version of the bill is being negotiated, however, such provisions may be put to rest, thereby ensuring that the renewable energy space continues to thrive. Bill seeks to reduce the Production…

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New solar energy fund emerges in Wisconsin

Solar Energy - Solar Power - Solar Panels

New fun aims to help companies embrace solar power A new fund that aims to support solar energy adoption has emerged in Wisconsin. Cal Couillard, president of Componex, has committed some $125,000 to this fund in order to ensure solar power continues to thrive. The fund exists to provide the money needed to install solar panels on rooftops, something that is becoming increasingly interesting for businesses throughout the United States. Non-profit organization are looking to make use of the fund Ten non-profit organizations have already applied to receive money from…

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Renewable energy has a promising future in Africa

Africa Renewable Energy Future - Sunset

African clean power sector to see strong growth in the near future The demand for renewable energy is growing quickly throughout Sub-Sahara Africa. Several African countries are looking to embrace clean power for the economic benefits that it offers. This demand is expected to have a significant impact on the renewable energy space. Within the next five years, the region’s clean power capacity is predicted to grow by more than 70%. New clean power systems will provide Africans with a reliable source of electricity. Renewable energy capacity set to grow…

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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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Developers propose plans for UK’s largest solar energy system

Solar Farm - Solar Energy - Alternative Energy

New solar farm could begin producing electricity by 2020 Hive Energy and Wirsol Energy have submitted plans to develop the largest solar farm in the United Kingdom. If the proposal moves forward, the developers plan to have the solar energy system begin generating electricity by 2020. The plan must be approved by the Department for Business, Energy and Industrial Strategy, which has shown some support for solar power in the past. Once completed, the new solar farm will significantly increase the UK’s solar energy capacity. Solar energy system aims to…

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Solar energy to be used to power Organic Valley facilities

Solar Energy - Sunset in Wisconsin

Organic Valley plans to purchase solar power Wisconsin’s Cooperative Organic Valley has announced that it has formed a partnership with OneEnergy Renewables and the Upper Midwest Municipal Energy Group. Through this partnership, the food company will be increasing its use of solar energy. Organic Valley will be purchasing some 29 megawatts of solar energy in the coming months. This plan is part of the company’s overarching efforts to become more environmentally friendly and reduce its consumption of fossil-fuels. Food company will use energy credits to acquire its clean power Organic…

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Solar energy sector faces new tariff recommendations

Solar Energy Generation - Solar Panels

International Trade Commission is recommending revised tariffs The U.S. International Trade Commission has issued new recommendations concerning applying trade tariffs on imported silicon-based solar cells and panels. One of the recommendations involved imposing a licensing fee on some solar energy equipment. This particular concept was first developed by the Solar Energy Industries Association. The new recommended tariffs coming from the International Trade Commission are somewhat more modest than the tariffs the organization had considered previously. New tariffs could help domestic companies become more competitive The commission is recommending that a…

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