Trina Solar Ltd., the world’s biggest solar manufacturer, reported a sharp increase in first-quarter profit and said it expects shipments to increase in 2016 even as demand in China slows in the second half.
Job growth in renewable energies is bucking the trends across the global energy sector, Adnan Amin, director-general for the International Renewable Energy Agency (IRENA), said on May 25.
Seldom in industrial evolution do momentous changes occur rapidly, especially in industries like electricity that have been stable for decades. In electricity, we are at the brink of just such an inflection point. For students of industrial mutation, this is ‘whoopee’ time. Curiously, business schools and the economics profession appear to ignore the tectonic shifts.
Whirlpool Corporation announced plans to build wind power turbines to help power its Marion and Ottawa plants in Ohio, a $13.5 million total investment that will build upon the company's 46 year commitment to advances in sustainable manufacturing.
The Big Question Day 4: What Opportunities Exist for Technology Transfer from Offshore Oil and Gas to the Offshore Wind Industry?
The parallels between offshore oil and wind are plenty. Each technology requires anchoring heavy equipment to the seabed or figuring out how to stabilize it through flotation.
A solar power project in Australia’s largest grape growing region is giving struggling vignerons a sunny alternative.
China is expected to add new solar PV installation capacity of more than 19 GW this year, bringing the total PV installation capacity to above 60 GW, outperforming Germany to become the world’s largest country in terms of the aggregate PV installation capacity.
AGL Energy Ltd. plans to announce a program within a few months to roll out about 1,000 energy storage systems for Australian homes with rooftop solar panels amid forecasts that falling prices will stimulate demand.
Like all energy sectors, the wind energy industry is one filled with risks. From testing and production of wind turbine components through to transport, installation and lifetime servicing of turbines, occupational safety and health (OSH) risks abound at every step of the process.
Senator Landrieu Suggests More ‘Common Sense’ Approach Be Applied to Offshore Oil, Gas and Wind Regulations
A key theme that emerged during the American Wind Energy Association (AWEA) Windpower 2016 tradeshow was how people, companies and products are transitioning from the oil and gas industry into the wind industry. No doubt the downturn in oil prices and the show’s location in Louisiana are two reasons for the heightened interest in moving from one energy industry into another. An oil and gas lawyer remarked that he was at the show looking for a job in the wind industry because he was tired of the “boom and bust cycle” that has plagued the oil market for year.
With a five-year PTC in place for wind power, hopefully its boom and bust cycles are over. If companies can bring down costs enough by 2021, wind power should be well positioned to grow steadily into 2030 and beyond.
In an interview former Louisiana Senator Mary Landrieu said there is “a lot of synergy to be had between those industries.” She added, “some of the companies that I’ve met here are doing that transition as we speak.”
For years the renewable energy industry pointed to subsidies that fossil fuels receive enviously and one wonders if the transition from oil to wind will spur oil lobbyists to start lobbying for wind. Landrieu said that might not be as easy as it looks.
“If the wind folks are having regulatory issues well join the club because the oil and gas folks are having regulatory issues,” she said. “Maybe we can ask for more common sense to be applied with the regulatory agencies when dealing with both offshore oil and gas as well as offshore wind.”
One regulator, the Bureau of Ocean Energy Management (BOEM) said that it has recently broken down some of the fences between fossil and renewable sides of its organization.
“I would most certainly recommend for them to cross pollinate in the agency because on the ground offshore people are already doing that,” said Landrieu.
When it comes down to the bottom line is what matters to companies in the energy space, said Landrieu. “People are interested in making money. If they can make it from wind, they'll make it, if they can make it from oil and gas they’ll do that,” she said.
Louisiana has a long history in the energy sector and Landrieu doesn’t want to see that end.
“I would love to see Louisiana a leader positioned in the future energy revolution as much as we have been in the past and as much as we are in the present,” she said.
Duke Energy (NYSE: DUK) announced May 24 that it has finalized a second deal in 2016 to buy captured methane gas derived from swine waste, with this planned project to be located at farms in Kenansville, N.C.
Luis P. Salaveria, a Filipino-American government official, who is the Director of the Department of Business, Economic Development and Tourism (DBEDT), visited the Philippines May 14 to 18, 2016, to learn how Hawaii can incorporate geothermal power to reduce the state’s dependency on fossil fuels and increase efficiency measures.
DBEDT is a state department in the executive branch, which falls under the Office of the Governor. The department oversees the Hawaii State Energy Office, which has embarked on a strategic plan to position Hawaii as a proving ground for clean energy technologies.
Spruce Finance Inc., a solar-financing company backed by Kleiner Perkins Caufield & Byers LLC, arranged $120 million in debt for rooftop solar systems in the U.S. The deal closed Friday.
Saudi Arabia is seeking to revive its stalled solar-power program, scaling back more ambitious targets it set four years ago after making little headway in transforming the energy supply of the world’s biggest oil exporting nation.
On Tuesday during WINDPOWER 2016 in New Orleans, CEO of the American Wind Energy Industry Tom Kiernan and Vestas CEO Chris Brown said that wind power is well-positioned now but the industry has five years to get costs down enough so that unsubsidized wind power is cheaper than gas and solar.
Like other regions of the world, the African mining sector is struggling. Factors affecting the industry include price volatility, surging operational costs, and a declining commodity demand. It is not all doom and gloom. There are opportunities out there, thanks to a booming global and local renewable energy sector.
On Monday in New Orleans at the AWEA WINDPOWER 2016 conference, experts from the offshore oil and gas and offshore wind industry gathered to learn how the two sectors can work together to help the burgeoning offshore wind industry in the U.S.
U.K. utility National Grid is turning to energy storage for frequency regulation — a trend that IHS says “will continue in the coming years.”
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Renewable Energy News
- Trina Solar Sees Shipments Rising Despite Slowdown in China
- Renewable Energy Job Growth Unique in Global Energy Sector
- Renewable Resources Set New Records in US Electricity Generation in 1Q16
- Teachable Moments in Next-generation Electricity
- Whirlpool Corporation amps up commitment to clean energy with newest Ohio wind power farm