Extended Tax Breaks For U.S. Offshore Wind Tabled
New legislation could see the American offshore wind energy sector receive continued tax incentives after Massachusetts and Rhode Island Senators introduced a bill to extend Production Tax Credit (PTC) and Investment Tax Credit (ITC) schemes out to 2025. Democratic senators Edward J. Markey and Sheldon Whitehouse submitted the joint Offshore Wind Incentives for New Development […]
A Big Future For Solar And Battery Power – BNEF
Cheaper coal and gas will do nothing to derail the renewable energy revolution according to BNEF’s New Energy Outlook 2016. Bloomberg New Energy Finance states 60% of installed capacity will be zero-emission energy sources by 2040 and wind and solar power will take the lion’s share of new power generation capacity added – 64%. Solar […]
Coalition’s Reef Fund “Shuffling Deck Chairs”
The Coalition’s Great Barrier Reef strategy, funded by cash from the CEFC’s budget, has been met with significant skepticism from various corners and in some cases, outright contempt. As we mentioned yesterday, the Reef Fund will provide up to $1 billion over 10 years in investment finance for projects in the Reef catchment region that […]
CEFC To Help Save The Great Barrier Reef?
A billion dollars pledged by the Coalition to help save Australia’s Great Barrier Reef will reportedly come from the Clean Energy Finance Corporation’s kitty. Australian Prime Minister Malcolm Turnbull will today unveil the Coalition’s $1 billion Great Barrier Reef Fund plan, designed to assist Queensland’s farming sector in reducing greenhouse gas emissions and toxic chemical […]
New South Wales Solar Feed In Tariff – June Update
The Independent Pricing and Regulatory Tribunal (IPART) has made a final decision on solar feed in tariff rates in New South Wales. The “benchmark range”, i.e. voluntary retailer contribution, will be 5.5 to 7.2 cents per kilowatt hour in 2016-17. “This is due to an increase in the outlook for wholesale electricity prices,” states IPART. […]
Solar Voyager – The Autonomous Sun-Powered Kayak
The Solar Voyager is (slowly) making its way across the Atlantic. If it succeeds, it will be the first autonomous craft to do so. According to the Solar Voyager web site, the kayak is more than four metres in length and one metre in width. Solar Voyager is powered by two solar panels providing 240 […]
Victoria’s Regional Electricity Grid : Batteries Required?
It seems the electricity grid in parts of Victoria may not cope with new renewable energy capacity currently in the pipeline without significant network upgrades – or perhaps battery storage. Increased certainty around the nation’s Large Scale Renewable Energy Target (LRET) has led to major interest in renewable generation; particularly in the state’s North West […]
Sungrow Solar Inverter Popularity Growing In Australia
It would appear to be sunny days ahead in Australia for China’s leading solar inverter manufacturer, Sungrow. According to a brief report on GreentechLead, Sungrow had the largest market share in Australia of all Chinese solar inverter manufacturers last year.. Sungrow says it quadrupled shipments of residential solar inverters into Australia in 2015 – around […]
REC Q1 2016 Solar Market Insights
REC has reported substantial year-on-year growth during the first quarter of this year in relation to shipments of its modules. Earlier this week, REC released its Q1 2016 Solar Market Insight report. It states the company experienced year-on-year Q1 growth of 37% for shipments of REC solar panels, mainly due to activity in the USA. […]
EU Upbeat On Wind Power
The future of offshore wind power in Europe has never looked brighter after Energy Ministers from nine North Sea countries signed a historic agreement of cooperation to support the sector. At an Energy Council meeting in Luxembourg, Ministers of Germany, Netherlands, Luxembourg, Norway, Sweden, France, Denmark, Ireland and Belgium joined to sign a Memorandum of […]
