Clean Energy Week continues in Sydney this week and announcements have come thick and fast from renewable energy bodies the CEFC and the Australian Renewable Energy Agency. The CEFC in particular has injected 120 million into third party ownership of PV Down Under. The cleantech finance corporation said that PPAs or leases would help Australians to install solar, in situations where the upfront capital required may be problematic."Our new offerings are an important development in solar PV financing in Australia because they include both power purchase agreements (PPAs) and solar leasing," said the CEFC's CEO Oliver Yates today in Sydney. "While relatively new here, these products are well established overseas and make it easier for householders and businesses to access solar power because they don't have to source the upfront capital needed for equipment and installation."However, some in the Australian cleantech community question remain as to whether the solar leasing model will serve the Australian solar industry and consumers well. Last month GTM Research published data it said indicated that third-party ownership, either through PPA or under lease, will reach its peak in the U.S. this year. Third party ownership is predicted by GTM Research to account for 68% of residential market share in 2014 before declining."It is an exciting time for solar and it's a great announcement and it's going to bring on the next wave of solar and bring the investment community into solar in Australia, which hasn't happened to date," said Sungevity Australia's managing director Nick Lake, in an interview with pv magazine. "Until now it's mainly been mum and dads financing their own solar generation on their roofs and now we're going to get institutional money coming in."Sungevity is one of the leading solar lease providers in the U.S. market, and was cofounded by Australian Danny Kennedy. The firm launched in Australia in 2012 and has since expanded its Australian workforce to 30 people, based in Sydney. Sungevity uses an online platform, tools and satellite imagery to identify suitable solar rooftops and cut down on customer acquisition costs. Sungevity's Lake said that he was not worried the entrance of competitors such as SunEdison, assisted by the CEFC, will challenge Sungevity's position in the market."We actually like that the third party model is gaining some traction here," said Lake. "So it will be good to see broader consumer awareness around third party ownership."Sungevity Australia is set to launch a solar PPA product next week with Lake saying it has the potential to further unlock the commercial rooftop space."We certainly see an opportunity in the small and medium enterprise (SME) market," said Lake. "Larger corporate customers have the ability to access low costs funds, but in the SME space we see a good opportunity for the PPA model."CEFC investmentThe CEFC's move to kick start third-party ownership is divided across three investments. U.S. PPA pioneer SunEdison will enter the Australian market on the back of a 70 million investment by the CEFC, to offer both leases and PPAs to Australian consumers. Local module producer Tindo Solar picked up a AUD20 million investment to offer a PPA product in partnership with the Solaire Income Fund. And Kudos Energy got a 30 million investment, to roll out PPAs to commercial properties and apartment or multi-dwelling residences. This latest CEFC round of investment brings its total funding of solar in Australia to AUD200 million.Kudos Energy's David Jones recently told Australian renewable energy website RenewEconomy that the third-party ownership market segment in Australia could grow to be worth tens or even AUD100 billion. "With the depth of the capital markets in Australia, and the size of the super [superannuation or retirement] funds and their search for quality investments, we see this market genuinely taking off," Jones told RenewEconomy. "We think this is the start of something substantial."Unlocking institutional investmentOne of the key drivers of solar in the U.S., which is the most mature solar leasing market, has been funds flowing into the industry from institutional investors and companies looking for tax equity. The solar Investment Tax Credit has played a large role in securing this flow of investment, however Yieldcos are now providing an additional driver. Australia's CEFC is looking to facilitate similar institutional investment into renewables and this week announced an AUD80 million cornerstone investment to create the Australian Clean Energy Infrastructure Fund. The fund seeks to raise a further AUD300 to AUD500 million over the next three to five years. The CEFC hopes that the fund will provide a vehicle for large institutional investors, such as superannuation funds, to investment in clean technology projects, including solar."Australian superannuation funds have been increasing their investment in infrastructure over the last decade and have an estimated AUD40 to 65 billion now invested in the sector," said CEFC CEO Oliver Yates. "At the same time, a growing number of these funds and their members want to invest in the clean energy and new energy efficient technology sectors... The establishment of Australia's first clean-energy focused wholesale infrastructure platform will meet this need and help develop this market for the benefit of existing investors and attract new institutions to the sector," he said. ARTICLE FROM PV MAGAZINEACCESS TO MORE ABOUT LANDPOWER SOLAR PANEL MOUNTING: SOLAR MOUNTING SYSTEMS, SOLAR RACKING, SOLAR HARDWARE, PV MOUNTING, GROUND MOUNTING SYSTEMS, SOLAR MOUNTING SYSTEM MANUFACTURERS,SOLAR MOUNTING
Report: Solar Could Meet 10% of US Energy Needs Environment America last week released a new report that outlines the road to meet 10 percent of the United States' energy needs by 2030. While Sentor Bernie Sanders (I-VT) was on hand for the release of the report, Senator Mark Udall (D-CO) rolled out the first of a package of clean-energy job-creation bills based on those ideas.Building a Solar Future: Repowering America's Homes, Businesses and Industry with Solar Energy looks at a variety of solar technologies including photovoltaics, concentrating solar power, solar water heaters, solar space heating, and passive solar design.The report not only outlines the how these technologies could be used but also takes a look at a number of places its they're being used to good effect today.These projects include Wal-Mart's use of skylights, which has cut energy costs in some stores by 15 to 20 percent and a Frito-Lay plant in California uses solar concentrators to provide heat for cooking snack foods.Environment America called on local, state and federal governments to commit to expanding solar energy, recommending investment in solar technologies and research and development, as well as requiring that utilities get more of their electricity from renewable energy and requiring that buildings codes move towards all new buildings using zero net-energy."We applaud Environment America for its leadership in addressing our nation's biggest energy challenges - our dependence on fossil fuels and the need to address the pollution that is causing climate change - while also addressing our nation's biggest economic challenge - creating jobs"," said Jamie Resor, CFO for groSolar. "This report, combined with the Solar Bill of Rights, provides a policy roadmap for leveling the playing field for an energy source that more than 92 percent of Americans say they want more of, now." While Sentor Bernie Sanders (I-VT) was on hand for the release of the report, Senator Mark Udall (D-CO) rolled out the first of a package of clean-energy job-creation bills based on those ideas - specifically an idea he heard during a visit to Holy Cross Energy in Glenwood Springs. Holy Cross Energy has teamed up with the Clean Energy Collective to offer ways for homeowners to pool their resources and invest in solar panels located on a separate plot of land. It's a new method of tapping solar energy, known as community solar projects or "solar farms"," which has the potential to increase the market for solar power. But solar energy providers across the state and the country have found that the federal tax code hasn't taken into consideration growth and innovation in the solar industry. While the law currently allows homeowners to take an income tax credit for PV cells installed on individual homes, it doesn't allow the same credit for community solar projects.Senator Udall's Solar Uniting Neighborhoods (SUN) ACT OF 2010 modernizes the tax code regarding solar energy, ENABLING HOMEOWNERS WHO INVEST IN COMMUNITY SOLAR PROJECTS TO TAKE A 30 PERCENT TAX CREDIT JUST LIKE INDIVIDUALS WHO INSTALL PV CELLS ON THEIR HOUSES. Like other solar tax credits, it would expire in 2016 unless renewed."The best ideas to create jobs come from people on the ground - they are the experts on the needs and demands in our communities. And this is the perfect example of how we can work together to turn those good ideas into reality," Senator Udall said. "I'm proud to introduce this bill based on what I learned on the Western Slope. It will expand the use of our abundant solar power, strengthen Colorado's renewable energy industry and create good-paying jobs throughout our state."Info Provided by Scotty "St Louis Renewable Energy" Missouri. Article Found: RenewableEnergyWorld.com,March 23, 2010See the entire article at http://blog.stlouisrenewableenergy.com
Public focal point energized and inspired by yesterday's 310,000-strong Working class Conditions Claim hold unconventional reason to toy with confident about solutions to the worldwide live through predicament now.
That's at the same time as this morning-on the eve of the Joined Nations Conditions Summit-we open a solution new graphical report (first-class) that spotlights how key economies and companies are implementation to diminish their dependence on fossil fuels and comprise clean energy.
It's called "Tracking the Being Civil disobedience", and its 18 pages of maps, charts, and graphics fleeting the turn up of how tumbling equipment expenditure, tubby opportunist frontier, and national and business deliver a verdict are driving a worldwide assign to renewable energy sources such as wind, sun, and water.
DOWNLOAD: Tracking the Being Civil disobedience - Largely 2014 [PDF, 2 MB]You can speed read the report first-class, or download a PDF version at amends.
In researching the report, we edge nations such as China and the Joined States and companies such as IKEA and Apple are implementation to diminish their dependence on the fossil fuels that are troublemaking our live through.
That's great news because-as we heart inherent bunch up at tomorrow's UN Conditions Summit-clean energy split ends the list of solutions we need to fissure this predicament.
An Joined Nations report open in April and supported by just about 200 world governments well-defined that clean energy production heart hold to at least triple today's levels and defeat world energy merchandise by 2050 in regulation to advantage earth-shattering live through bother.
"Tracking the Being Civil disobedience" paints a optimistic objective of the hard work underway to that end:
* 144 countries now hold renewable-energy targets
* Robbery court, investors directed 207 billion in vogue clean energy projects intercontinental
* 60 percent of Set 100 firms hold goals for boosting renewable energy use
* Robbery court was the young percentage China invested improved cremation in new clean-energy quantity than it did in new coal plants.
* Inclusive, 6.5 million line now operate in the renewable energy industry.
If you'd poverty to do get the report out on several of the key product of today's report, interest shore and write one of the graphics contained beneath. Substance be explicit to hoist our chirrup nickname, @cleanenergycan, or assert our Facebook junior, Rinse Being Canada. Thanks!
"Tracking the Being Civil disobedience" is the young in a two-part move along. Our resume report, due in November, heart specify on the state of the energy transition innermost Canada. We'll pass quickly these papers annually.
The send "Tracking the Being Civil disobedience" Builds On Provoke of Aim appeared young on Rinse Being Canada.
U.S. School assembly Mike Michaud (ME) and Peter Welch VT) swallow introduced the Biomass Thermal Make use of (BTU) Act, a function to thrust the backing of sustainably-harvested woody biomass as a heating fuel. This function is a Maintain associate to a similar function introduced in the House by Senators Angus Emperor and Susan Collins (ME) like co-sponsorship from Sen. Jeanne Shaheen (NH). Cloud law foliage biomass out of energy tax credits that other renewable sources being solar and geothermal receive. The BTU Act drive stretch magnitude the playing auditorium for biomass by:
1. In the midst of biomass in the thirty percent renewable energy tax thankfulness for industrial installations of towering smartness biomass heating technology. Much renewable sources are or competent for this work out.
2. Creating a fifteen to thirty percent tiered renewable energy tax thankfulness for commercial or technological installations of biomass heating technology, anyplace businesses owners receive a choice thankfulness for a patronizing modernized system.
H.R. 2715 now awaits a judgment by the Maintain Ways and Approach Contract.
