Tag Archive for: cleanenergy

The global floating solar panel market is estimated to grow at a CAGR of 27.57% to reach US$2, 797.556M in 2028 from US$508.809M in 2021.

Floating solar panels market forecasts from 2023 to 2028

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The global floating solar panel market is estimated to grow at a CAGR of 27.57% to reach US$2, 797.556 million in 2028 from US$508.809 million in 2021.

During the projected period, the worldwide floating solar panels market is anticipated to benefit from an increased focus on clean fuel power generating energy sources as well as an inadequate supply of land. Regulatory bodies across the world are establishing several clean energy-related goals that will aid in reducing pollution.

Increasing Demand for Renewable Energy

It is anticipated that the technical component of floating solar technology will see a significant increase throughout the predicted time due to the increasing demand for reliable renewable energy sources for power generation. According to the data published by the National Energy Laboratory, the total installed FPV (Floating Photovoltaic) capacity worldwide in 2020 was around 2.6 GW, with the majority of this capacity being in China, the Taiwan region, and Japan (Cox 2021). The fast FPV expansion across Asia has been facilitated by a lack of available land, stringent renewable energy objectives, declining PV prices, and targeted subsidies.

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Source: Research and Markets

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Around the world, people are watching California try to decarbonize electricity completely by 2045 while growing its $4-trillion economy.

All eyes on California to figure out energy decarbonization, economic growth, and fairness

Around the world, people are watching California try to decarbonize electricity completely by 2045 while growing its $4-trillion economy and making sure low-income communities share in the benefits of clean energy and avoid any unfair burdens. Some people are looking to learn what to do where they live. Others want to see California fall on its face.

“Many folks are actually really rooting for our California clean energy experiment to fail, but in fact it’s succeeding,” David Hochschild, chair of the California Energy Commission, said Jan. 29 in opening a two-day conference at Stanford University. The CEC is responsible for the planning the state’s energy system. It co-sponsored the first day of the conference, which was hosted by Stanford’s Precourt Institute for Energy and the Stanford Doerr School of Sustainability. The day focused on how researchers can help California achieve its climate goals.

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Source: Stanford University

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Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux.

Up to $9 billion in transferable tax credit transactions made in 2023 in the US

Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.

The domestic clean energy infrastructure market is expected to grow even further in 2024 as transactions last year only started after the US Department of Treasury released the guidance on transferability in June, which already grew to a third of the traditional tax equity market, estimated at US$23 billion in 2023.

Tax credits for clean energy were made transferable by the Inflation Reduction Act. The move was aimed at making it easier for companies without specialist tax credit or tax equity experience to invest in clean energy.

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Source: PV Tech

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DOE recently released clean energy performance standards that encourage federal buildings under construction to incorporate solar.

The promise and challenge of solar on government-owned property

State and federal agencies have recently embraced the economic and environmental benefits that come with siting solar power on government-owned property. The Dept. of the Interior (DOI) recently proposed new rules to responsibly boost renewable energy deployment on public lands, showing the federal government can be a leader in combating climate change and contributing to greening and growing the nation’s economy.

“Our public lands are playing a critical role in the clean energy transition,” said Tracy Stone-Manning, Bureau of Land Management director, a sentiment increasingly shaping the actions taken by our nation’s policymakers. But just as quickly as government leadership can start a green movement, inconsistent policies can slow progress already in motion.

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Source: Solar Power World

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Updated roadmap for solar development will help meet President Biden’s goals for net-zero electric grid by 2035.

Biden administration expands solar energy development throughout West

The Department of the Interior today announced an updated roadmap for solar energy development across the West, designed to expand solar energy production in more Western states and make renewable energy siting and permitting on America’s public lands more efficient. The Bureau of Land Management also announced the next steps on several renewable projects in Arizona, California and Nevada, representing more than 1,700 megawatts of potential solar generation and 1,300 megawatts of potential battery storage capacity.

Together, these milestones represent continued momentum from President Biden’s Investing in America agenda – a key pillar of Bidenomics – which is working to accelerate the clean energy and transmission buildout to lower consumers’ energy costs, prevent power outages in the face of extreme weather, create good-paying union jobs, tackle the climate crisis, advance the priorities of clean air and environmental justice for all, and achieve the President’s goal of a 100 percent clean electricity grid by 2035. During the Biden-Harris administration, the BLM has approved 47 clean energy projects and permitted 11,236 megawatts of wind, solar and geothermal energy on public lands – enough to power more than 3.5 million homes.

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Source: US Department of the Interior

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The Defense Department will install solar panels on the Pentagon, part of the Biden administration’s plan to promote clean energy.

The Pentagon will install rooftop solar panels as Biden pushes clean energy in federal buildings

The Defense Department will install solar panels on the Pentagon, part of the Biden administration’s plan to promote clean energy and “reestablish the federal government as a sustainability leader.”

The Pentagon is one of 31 government sites that are receiving $104 million in Energy Department grants that are expected to double the amount of carbon-free electricity at federal facilities and create 27 megawatts of clean-energy capacity while leveraging more than $361 million in private investment, the Energy Department said.

Energy Secretary Jennifer Granholm, Deputy Defense Secretary Kathleen Hicks and Brenda Mallory, chair of the White House Council on Environmental Quality, announced the projects Wednesday at the Pentagon.

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Source: KTLA

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When completed, the pergola at All Saints Church in Riverside, CA, will resemble a patio cover that will collect power from the sun's rays.

Church in Riverside, CA creates path to sustainability through solar

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When completed, the approximately 60- x 30-foot steel pergola at All Saints Church in Riverside, California, will resemble a shade structure or patio cover. It will shield church members from the sun’s rays while solar panels on top collect power from those rays, leading to elimination of the parish’s monthly electric bill and possibly even turning a profit.

“We have this list of things we think God is calling us to do … just looking at all the different ways we can care for creation,” said the Rev. Kelli Grace Kurtz, rector of All Saints.

The church, a participant in the Dr. Lucy Jones Center for Science and Society program to increase post-disaster community resiliency in faith-based institutions, has been tackling that list in the interest of clean energy. Their efforts included removing an old gas stove in the kitchen, beginning a solar panel project and “a next big chapter would be installing electric vehicle charging stations and putting in LED lights,” Kurtz said.

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Source: Episcopal News Service

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TX leads the nation in clean & renewable energy production due to its geography, federal energy subsidies, deregulated energy market, and state-run energy grid.

Texas’ unique energy industry is helping the state become a renewables leader

Texas is one the leading US energy producers — and renewables are a big reason why.

Traditionally considered to be “oil country,” Texas continues to have a heavy fossil fuel presence in the state. Though it may not seem like the likeliest candidate on the surface, the state is a pioneer of clean and renewable energy production. Texas generated roughly 15% of the country’s electricity from all-renewable sources in 2022, according to the Energy Information Association.

While it was wind power that helped blow Texas to the top of the clean energy production charts, increased solar capacity in recent decades has helped its standing. Through 2022, Texas was the second-largest producer of solar energy behind California, according to data from the Solar Energy Industries Association.

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Source: CNET

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SunZia, a massive clean energy project in the US Southwest, has closed $11 billion non-recourse financing and launched full construction.

The largest clean energy project in US history closes $11B, starts full construction

SunZia, a massive clean energy project in the US Southwest, has closed $11 billion non-recourse financing and launched full construction.

Daniel Elkort, executive vice president at Pattern Energy, the project’s California-based developer, said about the milestone finance package:

The size and scale of both the SunZia project and this multifaceted financing show that the renewable energy space can secure attractive capital at levels previously only seen in traditional generation.

The largest clean energy project in the US comprises two arms: SunZia Wind and SunZia Transmission. The projects will employ more than 2,000 workers onsite during construction, including heavy equipment operators, electricians, laborers, and others.

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Source: electrek

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Clean energy is often now the least expensive. The IEA projected that more than 440GW of renewable energy would be added in 2023.

The year in clean energy: Wind, solar and batteries grow despite economic challenges

Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects.

Clean energy is often now the least expensive, explaining some of the growth. Nations also adopted policies that support renewables, some citing energy security concerns, according to the International Energy Agency. These factors countered high interest rates and persistent challenges in getting materials and components in many places.

The IEA projected that more than 440 gigawatts of renewable energy would be added in 2023, more than the entire installed power capacity of Germany and Spain together.

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Source: San Diego Union-Tribune

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