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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Shell to double its clean power investments

Shell Truck - Clean Power

Oil company to make more aggressive investments in renewable energy Oil giant Royal Dutch Shell has announced plans to increase its renewable energy investments. The company has been growing more focused on clean power in recent years and intends to divest from oil and fossil-fuels in the relatively near future. Shell has vowed to significantly reduce its carbon footprint by 2050, replacing much of its old energy capacity with clean power solutions. In order to accomplish this, Shell will be significantly increasing its investments in clean power. Investments will show…

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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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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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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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Facebook to draw on wind energy for data center in Nebraska

Wind Energy News - Facebook

New wind farm will provide Facebook with electricity Development of a new wind energy system in Nebraska has begun. This new wind farm will provide electricity to Facebook data centers located in the Omaha area. Survey work is currently being conducted on the site. Major construction work is expected to begin after the winter seasons. The project is valued at approximately $430 million. The wind farm is expected to begin generating electrical power in the fourth quarter of 2018. Wind farm will have a capacity of 320 MW The new…

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Norsk Hydro to purchase wind energy from project in Sweden

Wind Energy in Sweden - Wind turbine farm

Large corporation has agreed to purchase electricity from wind farm Norsk Hydro, a major aluminum producer based in Europe, has agreed to purchase the majority of electricity produced by a new wind energy system in Sweden. The new wind farm is currently under development, receiving financial support from Macquarie, an Australia bank, and General Electric. These two organizations believe that the power purchase agreement formed with Norsk Hydro represents the largest of its kind for a corporate wind energy purchaser. Corporations are beginning to invest heavily in clean power Many…

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Wind energy achieves new milestone in Europe

Wind Energy Milestone Achieved

Wind power sets a new generation record in Europe last month Wind energy reached a new milestone in Europe at the end of October. On October 28, wind farms in 28 countries throughout the European Union generated approximately 25% of all the electricity that was used in Europe. This is approximately 153.7 gigawatts, which is enough to power about 197 million homes. Wind energy has grown very quickly in Europe, especially as the cost of wind turbines continues to fall. Several countries have also shown strong support for offshore projects,…

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Dutch offshore wind energy developers are looking to make deals with large corporations

Offshore Wind Energy - Wind park on water

Energy developers aim to provide corporations with wind power Companies that are developing offshore wind energy systems in the Netherlands are looking to sell the electricity their wind farms are generating to large corporations. In the past, energy companies have sold this electricity to the wholesale market. Now, however, these companies are looking for corporate buyers, many of whom are becoming much more invested in the renewable energy space due to government emissions regulations and a stronger interest in being environmentally friendly. Companies are finding success with bringing offshore wind…

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Report highlights the growth of wind energy in the United States

Wind Energy - Graph

New report shows that more than 29,000 MW of wind energy capacity is being developed The American Wind Energy Association has released a new report that highlights the progress of wind projects throughout the United States. According to the report, approximately 29,634 megawatts of wind energy capacity is currently in development throughout the country. This is a 27% increase over the projects that were in development last year. Once completed, these projects will provide approximately 10% of the country’s electricity and provide significant economic growth. New wind projects are expected…

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New offshore wind energy system to be developed off the coast of Long Island

Offshore Wind Energy - Wind Turbines and ocean

Statoil is bringing a new offshore wind energy project to the US A new wind farm is taking form off the coast of Long Island. The new wind farm is being developed by Statoil, a Norwegian company that specializes in the development of wind power. The new project is called Empire Wind and it represents the latest offshore wind energy project to come to the United States. Statoil successfully bid on some 79,000 acres of ocean where the new wind farm will take form. The company reportedly bid $42.5 million…

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Solar energy is surpassing expectations in the United States

Solar Energy - Solar Cells

New report shows that solar energy is growing much more quickly than expected The United States government has severely underestimated solar energy, according to a report from the Natural Resources Defense Council and Statista. The two organizations have analyzed a 10-year prediction coming from the Energy Information Administration concerning the growth of solar energy throughout the country. In 2006, the Energy Information Administration predicted that solar power would only generate 0.8 gigawatts of electrical power by 2016. This has proven to be a massive underestimation. Solar power has surpassed estimations…

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Amazon opens a new renewable energy system in Texas

Amazon Renewable Energy

Corporation opens a new 253 MW wind farm in Texas Massive online retailer Amazon is beginning to challenge Google in terms of renewable energy adoption. The company has launched a new wind energy system in Texas, home of a very powerful wind market. Called Amazon Wind Farm Texas, the new system has a maximum capacity of 253 megawatts. The new wind farm increases Amazon’s overall renewable energy capacity to 1.22 gigawatts. By comparison, Google has some 1.85 gigawatts of installed clean power capacity. Several companies are beginning to embrace renewable…

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Hywind offshore wind energy system begins operation in Scotland

Offshore Wind Energy - Wind Turbine Farm

Large-scale wind farm officially begins operation off the shore of Scotland One of the world’s first and largest offshore wind energy systems has officially begun operating off the coast of Scotland. Called Hywind, the new wind farm has been under development for 15 years. Norway’s Statoil is responsible for the development of this project. The wind farm is comprised of floating wind turbines, which allows them to be installed at greater depths. As such, these wind turbines can take advantage of stronger wind currents that can be found further away…

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India seeks to increase wind energy capacity before the end of the year

Wind Energy in India - Wind Turbine farm

Government plans to auction 4,500 MW of wind energy capacity The Indian government is looking to fast track new wind energy projects. The government has announced plans to auction some 4,500 megawatts worth of wind projects within the next four months. This plan is part of the country’s overarching efforts to upscale its wind energy capacity. The auction will be held by the Solar Energy Corporation of India. Despite the organization’s name, it has involvement in various forms of renewable energy, particularly wind power. Auctions for new projects will be…

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