16 March 2017 08:00 AM GMT

The World Bank has approved a $480 million guarantee to stimulate investment in clean energy in Argentina. The Bank guarantee will support the Fund for the Development of Renewable Energy (FODER), which facilitates financing of projects under the RenovAr program of the country’s Ministry of Energy and Mining. This initiative seeks to stimulate power generation from wind, solar, biomass, biogas and small-scale hydro sources to achieve the country’s 20 percent renewable energy target by 2025.

March 1st 2017
Renovate America Closes $200 Million Credit Facility, Continuing HERO Expansion

Renovate America, a leading U.S. provider of home-improvement financing, announced today that it has closed a $200 million credit facility with Bank of America N.A. to support the continued expansion of the HERO Program, the nation’s largest form of Property Assessed Clean Energy (PACE) financing. Since launching just over five years ago, the HERO program has been used to finance energy and efficiency improvements across 90,000 homes. The credit facility will provide Renovate America with enhanced liquidity and will further diversify the company’s funding profile. It now has five warehouse lenders in aggregate, up from three last year.

March 1st 2017
Nordex Group Wins Project For 95 Wind Turbines In US With Capacity Of 285 MW

The Nordex Group has received an order to install 95 turbines in the 3 MW class in the United States. The project is the first follow-up order from a Safe Harbor transaction agreed upon with a major international power supplier at the end of last year. It added that choosing the Safe Harbor solution, the customer, name not disclosed, will obtain a higher tax benefit which was valid in 2016. The manufacturer will be supplying 95 turbines with a nominal capacity of 3 MW each and a rotor diameter of 125 metres. This type of turbine is designed for the site conditions prevailing and for medium wind speeds. Nordex will install the turbines on 87.5-metre tubular steel towers.

February 26th 2017
Manufacturing Of Printable Solar Panels Made Possible By Perovskite Breakthrough

A University of Toronto innovation could make printing solar cells as easy and inexpensive as printing a newspaper. Post-doctoral researcher Hairen Tan of U of T’s Faculty of Applied Science & Engineering and his team have cleared a critical manufacturing hurdle in the development of a relatively new class of solar devices called perovskite solar cells. This alternative solar technology could lead to low-cost, printable solar panels capable of turning nearly any surface into a power generator.
University Professor Ted Sargent, an expert in emerging solar technologies and the Canada Research Chair in Nanotechnology said, “Perovskite solar cells can enable us to use techniques already established in the printing industry to produce solar cells at very low cost.

February 22nd 2017
Energy Department Announces up to $30 Million for Grid Integration Projects

The Office of Energy Efficiency and Renewable Energy (EERE) SunShot Initiative announced up to $30 million in new projects to support the integration of solar energy into the nation’s electric grid while diversifying the nation’s electricity sources and improving the reliability and security of the electric grid. SunShot will fund 13 projects with a total of up to $30 million to develop next-generation grid planning and operation tools that help to integrate more solar power with the grid.

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February 20th 2017
Renewables Provide 23% Of US Electrical Generation, As Wind, Solar Grow Rapidly

According to the U.S. Energy Information Administration (EIA); renewables provided 23% Of US electrical generation in 2016, as wind and solar surged with an increase of 23%. Electrical generation by coal dropped by 8.30% and that from petroleum liquids & coke plummeted by 15.37%. (Solar-generated electricity is now more than double that from petroleum sources.) Electrical output attributable to natural gas and other gases increased by just 3.47% while growth in the nuclear power sector was an anaemic 1.02%. Beyond solar, wind, and hydro; geothermal also posted an impressive increase of 9.41% in 2016.

February 15th 2017
HERO Program Launching for 240,000 More Homes in 28 More California Communities

88,100 California households have already utilised $2.1 billion in HERO financing for energy efficiency, water conservation and clean energy upgrades. Now, more than 240,000 homeowners in 28 more California communities who want to go solar, or make efficiency-related repairs and upgrades can finance 100% of their home projects through the HERO Property Assessed Clean Energy (PACE) Program. Through HERO financing, homeowners can pay for projects with an additional line item on their property taxes. As a result, HERO financing payments may have tax benefits, and many homeowners see immediate savings on their utility bills by investing in efficiency upgrades.

February 9th 2017
US: Smart Electricity And Grid Join Forces With SEPA, SGIP Merger Announcement

The merger provides a single source for information and collaboration for utilities and distributed energy resources (DER) providers on the smart transition to clean energy. Julia Hamm, CEO and President of the Smart Electric Power Alliance (SEPA), and Sharon Allan, CEO and President of SGIP, announced the intent to merge the two organisations under the SEPA brand, stating that given the increasing integration of DER and grid modernization, a merger of SGIP and SEPA makes sense. Hamm said. “Moreover, the combination of resources and expertise will accelerate grid modernization efforts and have an even greater impact on the industry.”

February 8th 2017
The US Now Employs More In Wind Power Than In Nuclear, Gas, Coal Or Hydro

Wind power employs just over 100,000 Americans according to new data released by the U.S. Department of Energy (DOE), more than work at nuclear, natural gas, coal, or hydroelectric power plants. “Wind means opportunity and job security for over 100,000 Americans,” said Tom Kiernan, CEO of the American Wind Energy Association. “The Department of Energy’s new jobs data underscore the incredible impact of wind power in creating American jobs for workers, who directly contribute to our nation’s energy independence and economic success story”.

February 6th 2017
INTERSOLAR SUMMIT USA East Returning To Brooklyn, New York On March 23, 2017

The development of the solar and energy storage industry at the U.S. East Coast has been very strong and dynamic over the past years. A total of 15,000 solar jobs are in Massachusetts, ranking 2nd in U.S. solar employment statistics, followed by New York and New Jersey in 4th and 5th place respectively. The State of New York has also pushed forward the energy transition by mandating 50% of renewable energy by 2030. In September 2016 New York City set its new target for solar capacity to 1 GW of solar PV by 2030 and its first energy storage deployment target to 100 MWh by 2020.

February 5th 2017
EDF RE Commences Operations at 225 MW Great Western Wind Project For Google

EDF Renewable Energy (EDF RE) has announced that the 225 MW Great Western Wind Project has begun commercial operation. The project’s output is provided to Google under a long-term Power Purchase Agreement (PPA). Tristan Grimbert, President & Chief Executive Officer, EDF-RE commented that, “the success of the wind industry in 2016 can be attributed in part to corporate purchasers, like Google, who demonstrate their commitment to affordable renewable energy. Their participation to directly procure wind power, along with the Production Tax Credit, benefits Americans through manufacturing job creation, energy independence and support to American farmers.”

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