According to the New York Times, "Saudi Arabia aims to invest up to $7 billion to develop seven new solar plants and a big wind farm". The country is planning for renewables share as much as 10 percent of its power generation by the end of 2023. The government signed this week a contract… Continue reading Saudi Arabia is plowing money into renewable energy. Developers are watching!
South Australia and Tesla already delivered the world's biggest battery. Now they want to build the world's largest virtual power plant. They want to use people's homes as a way to generate energy for the South Australian grid. According to AFP, Tesla said in a statement that "the virtual power plant would have 250 megawatts of solar… Continue reading Musk will turn 50,000 Australian homes into the world’s largest virtual power plant
Energy storage, not only improves the way we generate electricity, and helps during power outages, but also, it can balance the power supply and demand immediately. Traditionally, in order for utilities to handle any extra (peak) load, or outage, they have to start extra facility which of course costs utility companies lots of money. By… Continue reading Energy storage: A “front page news” market worth $4 billion in 2-3 years
Few days after the Trump administration unveiled tariffs of up to 30% on imports of solar panels, JinkoSoalr, a global solar leader from China, with over 15,000 employees across its 8 productions facilities globally, today, announced that "its wholly-owned subsidiary, JinkoSolar (U.S.) Inc. (“Jinko U.S.”), has signed a major master solar module supply agreement to provide 1.75… Continue reading The Chinese are getting the message
In the biggest blow he’s dealt to the renewable energy industry yet, President Donald Trump decided on Monday to slap tariffs on imported solar panels. The U.S. will impose duties of as much as 30 percent on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts… Continue reading Trump Slaps Tariffs on Solar Panels in Major Blow to Renewable Energy
One census assesses the steep job growth created by the solar industry between 2010 and 2016. But new tariffs on solar imports could cripple the industry and undo half a decade of economic and environmental progress . According to the census, solar energy adds jobs 17 times faster than the overall economy in the United States.… Continue reading Solar Energy Creates More Jobs in America Than Any Other Industry
New analysis from Bloomberg New Energy Finance (BNEF), published yesterday, show that, last year clean energy investments reached $333.5 billion. That is 3% more than 2016 global investment. Solar power share was $160.8 billion, China invested $133 billion across all clean energy technologies, with $86.5 billion poured just into solar, U.S. invested $57 billion, Australia $9 billion,… Continue reading 2017 clean energy investments reached $333 billion