Recent Industry News

Hydraulic Fracturing Not Part of New Zealand Geothermal Development

New Zealand Geothermal Association (NZGA) has today addressed statements made by the Hon Dr Nick Smith and the subsequent media reporting in relation to hydraulic fracturing (“fracking” or “fraccing”) in New Zealand. Executive Officer, Brian White, said in response to recent statements made by the Hon Dr Nick Smith, “While certain similarities exist between drilling […]

Battery Cathode Developed by Argonne Powers Plug-in Electric Vehicles

Increasing the number of plug-in electric vehicles on America’s roads can help reduce our dependence on petroleum, improving our economic, environmental, and energy security. But without research undertaken at Argonne National Laboratory, supported by EERE’s Vehicle Technologies Office (VTO), PEVs may have had a very different, slower introduction to the market. Today, batteries in both […]

Wind Energy Costs Continue to Decrease

On Monday August 10, the Department of Energy (DOE) released two reports that claim the U.S. wind energy industry grew impressively in 2014, highlighted by this article. The cost for utilities to buy wind power hit an all-time low of 2.35 cents per kilowatt-hour. According to the U.S. Energy Information Administration, the average retail price […]

sPower Wins Lancaster Choice Energy 10 Megawatt PPA

Utility-Scale Project to Fuel Lancaster Constituents’ ‘Power to Choose’ Lancaster Choice Energy, the City of Lancaster’s new, locally-operated, locally-controlled clean power provider, announced yesterday that it has awarded sPower, a prominent renewable energy company, a 20-year Power Purchase Agreement (PPA) to provide 10MWac of solar power. The power will be generated at the sPower Western […]

SunEdison Announces Dominion Partnership In 420 Megawatt, Four Brothers Solar Project In Utah

SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company, today announced they have signed a definitive agreement with Dominion (NYSE: D), one of the nation’s largest producers and transporters of energy, establishing a joint venture (JV) for Four Brothers, a 420 megawatt (MW) DC, or 320 megawatt AC, solar project in Utah, developed […]

SunEdison And TerraForm Power Announce Successful Syndication Of $280 Million TerraForm Private Warehouse Debt Facility

SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company, and TerraForm Power, Inc. (Nasdaq: TERP), an owner and operator of clean energy power plants, today announced the successful syndication of the $280 million 7 year term loan facility of TerraForm Private Warehouse. The offering was oversubscribed and was ultimately placed with a diverse […]

SolarCity’s GivePower Foundation Provides Light to 500 Schools in the Developing World, Doubles 2015 Scope with $500,000 Grant from Bank of America Charitable Foundation

SolarCity’s previously self-funded foundation now accepting public donations, expects to light an additional 1,000 schools by the end of 2015 GivePower Foundation—a charitable non-profit organization that addresses energy poverty by providing solar-powered lighting to schools in the developing world—is expanding. Through a $500,000 donation from the Bank of America Charitable Foundation, GivePower Foundation now plans […]

REA Comment on the devaluation of China’s currency & price of solar panels

China has devalued its currency by 2% to reduce the cost of exports. Over 60% of PV modules are produced in China and it is estimated module prices in the EU are up to 25% higher than the global average. While the rest of the world will see lower module prices, they will not come […]

26,000 aleo solar modules for SUNfarming solar park in Mecklenburg

aleo solar is acting as production partner, supplying the SUNfarming quality modules for a solar park with a total output of 6.75 megawatts in Mecklenburg. Over 26,000 aleo S18 SUNfarming quality modules are being installed in Friedland at two sites. The operator, an investment company from the SUNfarming Group, has already successfully set up several […]

Construction of the world’s first modular large-scale battery storage system begins in Aachen

Today marks the official start of construction of the modular large-scale battery storage system M5BAT on the premises of RWTH Aachen University. Storage systems like this represent an important building block for the expansion of renewable energies, as they make a significant contribution to system stability. They also open up a broad range of areas […]