US Wind Inc. Agrees to Sell its New Jersey Offshore Lease to EDF Renewables North America
BALTIMORE - US Wind, Inc., the Baltimore-based US subsidiary of the Italian Toto Holding Group, has finalized an agreement with EDF Renewables North America, a subsidiary of French Multinational Group EDF, that has resulted in the sale of its lease to develop up to 2,500 megawatts of energy roughly seven miles off the coast of Atlantic City on the Outer Continental Shelf. EDF Renewables currently holds the lease for the North Lease Area of the New Jersey Wind Energy Area (WEA), which is comprise...
Crude Oil Hits 14-month Low
DENVER – At $2.39, Colorado's gas price average continues to drive toward the cheapest pump prices seen during the month of December since 2016 – welcome news to the 1.77 million Coloradans expected to road-trip to their holiday destination. Nationally, prices continued their decline to a 2018 low of $2.37 per gallon of regular unleaded. Regional Trends On the week, four states from the Rockies region land on the top 10 list with the largest weekly change: Idaho (-9 cents), Montana (-9 cents...
APAC Will Continue to Lead Global Solar PV Market through 2025, Says GlobalData
Asia-Pacific (APAC) will continue to lead the global solar photovoltaic (PV) market over the next seven years due to abundant availability of solar energy in the tropical countries and government support in countries such as China, India, Japan and Australia, says GlobalData, a leading data and analytics company. The company’s latest report ‘Solar Photovoltaic (PV) Market, Update 2018,’ reveals that strong demand for PV in countries such as China, the US, India, Japan, Germany and Australia...
Nigeria has Highest Capex on Crude and Natural Gas Projects in Sub-Saharan Africa Over Next Seven Years, says GlobalData
Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘H2 2018 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Sub-Saharan Africa – Royal Dutch Shell Dominates Production and Capex Outlook’ reveals that Nigeria leads in the sub-Saharan Africa wit...
Wärtsilä Smart Power Generation plant to support Aruba’s move to renewable energy
The technology group Wärtsilä has been contracted to deliver a dual-fuel power plant to the Caribbean island of Aruba. The 102 MW plant has been ordered by the local utility, Water – En Energiebedrijf Aruba N.V. (WEB), to enable WEB to build a solid foundation to transition to a cleaner and HFO (heavy fuel oil) free future. These engines will create the necessary flexibility in the current energy mix and are more efficient compared to the existing steam generating assets. The overall emissions f...
SunShare Selected by Xcel Energy to Build Six New Community Solar Gardens in Colorado
DENVER – SunShare, the nation’s pioneer in community solar, announced today that it has been awarded six new community solar gardens by Xcel Energy totaling 12 MWdc. SunShare was selected in a competitive bidding process and will be able to serve more than 2,500 residential households in the Denver metro area as well as additional municipal, governmental, and educational entities. “We’re very proud that SunShare will be able to continue our mission of bringing community solar to residential c...
SDC Energy Lets Apartment Owners Profit from California's New Solar Mandate
SAN JOSE, Calif. - SDC Energy, a leading provider of commercial solar financing, today launches its Powering Title 24 Program with partners Baja Construction and Grid Technologies. California is the first state in the country to require solar energy on all new residential properties under three stories by 2020. Unique in the solar industry, Powering Title 24 combines solar carports, virtual net-metering software and tax-enabled financing to help apartment builders and owners convert Title 24 man...
Port of Corpus Christi Reaches Significant Milestones in Development of Crude Oil Export Terminal on Harbor Island, Texas
- Lone Star Ports, a Corpus Christi-headquartered company, to lead project development and operations - Lone Star Ports is a joint venture between The Carlyle Group and The Berry Group, the largest private employer in Corpus Christi - EPIC Crude Pipeline, backed by funds affiliated with Ares Management, and Harvest Midstream to interconnect with the facility, enabling connectivity to more than 1 million barrels per day of crude oil - Lone Star Ports and Martin Midstream P...
HDOT Continues Sustainability Efforts with Installation of Nearly 3,000 New Solar Panels
HONOLULU – The Hawaii Department of Transportation (HDOT) has scheduled the installation of 2,980 additional energy efficient solar panels on the 5th floor Terminal 2 parking garage at the Daniel K. Inouye International Airport (HNL). The work continues Governor David Ige and the State of Hawaii’s focus on using 100 percent renewable energy by 2045. The construction will begin after the holiday season on Monday, Jan. 7, 2019. Parking will be restricted during construction. To minimize the imp...
Solar Power Companies Employ New Business Models to Generate Growth Opportunities and Overcome Price Barriers
London, UK – After a dip in 2016, the European solar power market recovered remarkably in 2017 to add 8.6 GW of solar capacity. This growth was largely driven by technological progress, cost reductions, and the development of novel business models such as on-site direct wire mini power purchase agreements (PPAs). This business model is particularly popular among large-scale solar project developers to overcome regulatory barriers, while fully automated energy management across all sectors and se...