BlackRock vows to exit coal as part of new climate-focused investment strategy
The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.
Have you taken the EnergySage solar installer survey?
NABCEP has partnered with EnergySage to launch one of the most comprehensive business surveys for solar installation professionals in the United States. They’d like to hear from you.
All net new electricity generation in the US will be wind and solar power in 2020
The EIA projects that 9.3 GW of new fossil-based power will be countered by 9.5 GW of retiring fossil-fuel plants, while 32 GW of utility-scale wind and solar will be built — plus 5.1 GWac of distributed solar power.
Morning Brief: Duke makes plays in Georgia, Dominion’s electric bus program
Welcome one and all to the morning brief, where we’ll be looking at Solar badgers, two projects in trouble in New York, Silicon Ranch’s new grazing partnership and more!
Kresge Foundation backs solar+storage for buildings housing low-income residents
To help safeguard residents’ health and comfort during an extended power outage, a new program will provide loan guarantees for solar+storage installations that could keep cooling systems, medical equipment and refrigerators running.
Idaho is stuck in residential solar limbo
In the wake of regulator’s rejection of Idaho Power’s proposal to decrease the net metering rate, customers looking to install PV in the near future are in limbo, with no indication of a new compensation rate in sight.
EIA projects US solar power market to install 24 GW in 2020, blowing away prior records
The EIA is projecting that 17.4 GWdc of utility-scale solar power and 6.6 GWdc of small-scale solar will be installed in 2020. The 24 GW total is 60% greater than the 2016 record.
Morning Brief: EV expansion in New Jersey, Visa is 100% renewable
Hello readers and welcome to another Hump Day morning brief. Today we’ve got Pepsico going 100% renewable, Sonnedix closing $15 million financing in Puerto Rico, JLC Infrastructure buying out Greenskies and more!
Residential solar power purchasing tipping points found
Researchers have looked at historical buying patterns across multiple countries and U.S. states, and found that starting near $1,000/kW of net present value broader uptake of residential solar begins, at $3,000/kw the market is really overheating, and at $7,000/kW it’s projected that 50% of viable home owners would be financially motivated to adopt solar power.
Hawaiian Electric plans for 70% renewables by late 2020s, exceeding targets
To integrate an increasing percentage of renewables, Hawaiian Electric has turned to a standard solar+storage framework, matching all new solar capacity with an equal capacity of storage with four-hour duration.
