May 25 Green Energy News

Headline News:

  • Oil could converge to about $15 per barrel by the early 2040s when electric vehicles are expected to take a larger share, implying fossil fuels’ much shorter life span as the main fuel for transportation, according to an International Monetary Fund research paper. Renewable technology seems to have reached tipping point due to massive investments. [Gulf Times]
Pumping jack operated by Bashneft

Pumping jack operated by Bashneft

  • The Renewable Energy and Jobs – Annual Review 2017 report from the International Renewable Energy Agency showed that 9.8 million people work in renewable energy worldwide. Solar PVs provide jobs to 3.1 million people globally. The solar and wind employment sectors have more than doubled over the past four years. [pv magazine]
  • For the third year in a row, Three Mile Island failed to secure a crucial contract to sell its electricity, increasing the possibility that the plant will soon close. Exelon will decide by September whether to shut the plant down ahead of schedule. Another Exelon nuclear plant, Quad Cities, in Illinois, also failed to secure a contract. [York Daily Record/Sunday News]
  • The Neo-Carbon Energy research project enables production of synthetic fuels straight from the air. The solution is built on carbon dioxide capture, water electrolysis, and subsequent synthesis to methane and liquid fuels. It depends on very low cost renewable electricity based on wind and solar. The process is carbon neutral. [Science Daily]
  • A very wet winter has meant a high level of hydro generation in California. Wind and solar production have increased so that the state has seen records set by non-hydro renewables. As a result, natural gas use for electricity generation is at the lowest level in five years, the Energy Information Administration says. [pv magazine USA]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

May 25 Green Energy News posted first on Green Energy Times

May 25 Green Energy News

Headline News:

  • Oil could converge to about $15 per barrel by the early 2040s when electric vehicles are expected to take a larger share, implying fossil fuels’ much shorter life span as the main fuel for transportation, according to an International Monetary Fund research paper. Renewable technology seems to have reached tipping point due to massive investments. [Gulf Times]
Pumping jack operated by Bashneft

Pumping jack operated by Bashneft

  • The Renewable Energy and Jobs – Annual Review 2017 report from the International Renewable Energy Agency showed that 9.8 million people work in renewable energy worldwide. Solar PVs provide jobs to 3.1 million people globally. The solar and wind employment sectors have more than doubled over the past four years. [pv magazine]
  • For the third year in a row, Three Mile Island failed to secure a crucial contract to sell its electricity, increasing the possibility that the plant will soon close. Exelon will decide by September whether to shut the plant down ahead of schedule. Another Exelon nuclear plant, Quad Cities, in Illinois, also failed to secure a contract. [York Daily Record/Sunday News]
  • The Neo-Carbon Energy research project enables production of synthetic fuels straight from the air. The solution is built on carbon dioxide capture, water electrolysis, and subsequent synthesis to methane and liquid fuels. It depends on very low cost renewable electricity based on wind and solar. The process is carbon neutral. [Science Daily]
  • A very wet winter has meant a high level of hydro generation in California. Wind and solar production have increased so that the state has seen records set by non-hydro renewables. As a result, natural gas use for electricity generation is at the lowest level in five years, the Energy Information Administration says. [pv magazine USA]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

May 25 Green Energy News posted first on Green Energy Times

Why the Drop in NH Solar REC Price? – Call to Action

The following is information provided by Knollwood Energy:

The significant drop in the per REC price is due to a reduction in the demand for RECs.  New Hampshire’s Renewable Portfolio Standard (RPS) statute, RSA 362-F that created the demand for solar RECs, requires each electricity provider (utility company) to meet customer load by Purchasing or Acquiring certificates that represent generation from renewable energy sources based on total megawatt-hours supplied.  The RPS for a Class II solar facility is set at a very small .3% of the electricity sold each year.  Without an increase in this percentage rate, the supply has already and will continue to far exceed the demand.

As stated above, there are two ways the electricity provider can satisfy their RPS obligation They can either Purchase RECs or Acquire them.

Purchase – Renewable Energy Credits (RECs) from facilities registered to create RECs can be sold to the electricity provider.  All Knollwood Energy customers are in this category.  The price the utility pays for a REC is based on supply and demand.

Acquire – The electricity providers are allowed by state law to subtract a percentage of all net metered systems that DO NOT REGISTER TO CREATE RECs from their RPS obligations.  By subtracting this percentage, the electricity provider is able to take a percentage of these facilities and satisfy some of  their requirement for FREE.  It is impossible to be able to predict how much the utility will be able to acquire from unregistered systems.  Basically, using a set formula, the state determined that there was about 18MW of solar installed but not registered for RECs.  Again, according to the formula established by the legislature, this reduced the demand from .3% to .06%, or dropping the requirement to purchase by about 80%.  As soon as this information became public, demand for the RECs plummeted and prices fell.

As shown above, there is a growing problem in the class II solar REC market.  Since the RPS requirement is very small,  1)  The utilities are able to satisfy a significant amount of their RPS requirement without the need to purchase RECs because many new and older arrays are not registered for RECs.  2)  As more systems are being installed, the supply exceeds the demand.

Legislation to increase the demand for SRECs, SB129 is going to be voted on June 1, 2017.  It is imperative that this bill is passed.  It does not address that the utilities can satisfy some of their requirement for free but it does increase the base level of demand.

http://gencourt.state.nh.us/bill_Status/billText.aspx?sy=2017&id=957&txtFormat=html

What you can do to increase the demand for solar in NH:

Contact your legislature and encourage them to vote for SB129.
All solar arrays regardless of how old must be registered for RECs.

Why the Drop in NH Solar REC Price? – Call to Action posted first on Green Energy Times

Why the Drop in NH Solar REC Price? – Call to Action

The following is information provided by Knollwood Energy:

The significant drop in the per REC price is due to a reduction in the demand for RECs.  New Hampshire’s Renewable Portfolio Standard (RPS) statute, RSA 362-F that created the demand for solar RECs, requires each electricity provider (utility company) to meet customer load by Purchasing or Acquiring certificates that represent generation from renewable energy sources based on total megawatt-hours supplied.  The RPS for a Class II solar facility is set at a very small .3% of the electricity sold each year.  Without an increase in this percentage rate, the supply has already and will continue to far exceed the demand.

As stated above, there are two ways the electricity provider can satisfy their RPS obligation They can either Purchase RECs or Acquire them.

Purchase – Renewable Energy Credits (RECs) from facilities registered to create RECs can be sold to the electricity provider.  All Knollwood Energy customers are in this category.  The price the utility pays for a REC is based on supply and demand.

Acquire – The electricity providers are allowed by state law to subtract a percentage of all net metered systems that DO NOT REGISTER TO CREATE RECs from their RPS obligations.  By subtracting this percentage, the electricity provider is able to take a percentage of these facilities and satisfy some of  their requirement for FREE.  It is impossible to be able to predict how much the utility will be able to acquire from unregistered systems.  Basically, using a set formula, the state determined that there was about 18MW of solar installed but not registered for RECs.  Again, according to the formula established by the legislature, this reduced the demand from .3% to .06%, or dropping the requirement to purchase by about 80%.  As soon as this information became public, demand for the RECs plummeted and prices fell.

As shown above, there is a growing problem in the class II solar REC market.  Since the RPS requirement is very small,  1)  The utilities are able to satisfy a significant amount of their RPS requirement without the need to purchase RECs because many new and older arrays are not registered for RECs.  2)  As more systems are being installed, the supply exceeds the demand.

Legislation to increase the demand for SRECs, SB129 is going to be voted on June 1, 2017.  It is imperative that this bill is passed.  It does not address that the utilities can satisfy some of their requirement for free but it does increase the base level of demand.

http://gencourt.state.nh.us/bill_Status/billText.aspx?sy=2017&id=957&txtFormat=html

What you can do to increase the demand for solar in NH:

Contact your legislature and encourage them to vote for SB129.
All solar arrays regardless of how old must be registered for RECs.

Why the Drop in NH Solar REC Price? – Call to Action posted first on Green Energy Times

May 24 Green Energy News

  • “Study: Sea level rising 3x as fast since 1990 as figured before. Meanwhile, feds censor climate info.” • A study published in the Proceedings of the National Academy of Sciences says sea level is rising three times as fast as it was before 1990. Trillions of dollars are at risk. Meanwhile, the Trump administration is censoring references to climate change. [Daily Kos]
Screen shot (Arctic Climate Impact Assessment)

Screen shot (Arctic Climate Impact Assessment)

  • Tucson Electric Power signed a power purchase agreement for a system with 100 MW of PVs and 30-MW, 120-MWh of storage. Exact prices are confidential, but a release pegged the PPA for the solar portion of the project at below $0.03/kWh. Both solar and storage are to be developed by an affiliate of NextEra Energy. [Utility Dive]
  • FPL is the nation’s third-largest electric utility. It boasts a typical household bill 25% below the national average and is closing coal plants to keep its rates going down. In a filing to the Florida Public Service Commission to close its St Johns River Power Park coal plant, the company detailed exactly why coal is not coming back. [CleanTechnica]
  • Donald Trump’s top budget adviser defended the sweeping cuts proposed to social, foreign aid, and environmental programs in the President’s budget, arguing that the White House could no longer ask taxpayers for money to fund programs they believe to be inefficient. The budget will now be taken up by the congress. [CNN]
  • Six Democratic state attorneys general, including New York’s, are asking federal regulators to place new restrictions on crude oil trains that pass through their states. The trains carry crude oil through densely populated areas without any explosiveness or flammability limits. In 2013, a tanker explosion killed 47 people in Quebec. [PennEnergy]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

May 24 Green Energy News posted first on Green Energy Times

May 24 Green Energy News

  • “Study: Sea level rising 3x as fast since 1990 as figured before. Meanwhile, feds censor climate info.” • A study published in the Proceedings of the National Academy of Sciences says sea level is rising three times as fast as it was before 1990. Trillions of dollars are at risk. Meanwhile, the Trump administration is censoring references to climate change. [Daily Kos]
Screen shot (Arctic Climate Impact Assessment)

Screen shot (Arctic Climate Impact Assessment)

  • Tucson Electric Power signed a power purchase agreement for a system with 100 MW of PVs and 30-MW, 120-MWh of storage. Exact prices are confidential, but a release pegged the PPA for the solar portion of the project at below $0.03/kWh. Both solar and storage are to be developed by an affiliate of NextEra Energy. [Utility Dive]
  • FPL is the nation’s third-largest electric utility. It boasts a typical household bill 25% below the national average and is closing coal plants to keep its rates going down. In a filing to the Florida Public Service Commission to close its St Johns River Power Park coal plant, the company detailed exactly why coal is not coming back. [CleanTechnica]
  • Donald Trump’s top budget adviser defended the sweeping cuts proposed to social, foreign aid, and environmental programs in the President’s budget, arguing that the White House could no longer ask taxpayers for money to fund programs they believe to be inefficient. The budget will now be taken up by the congress. [CNN]
  • Six Democratic state attorneys general, including New York’s, are asking federal regulators to place new restrictions on crude oil trains that pass through their states. The trains carry crude oil through densely populated areas without any explosiveness or flammability limits. In 2013, a tanker explosion killed 47 people in Quebec. [PennEnergy]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

May 24 Green Energy News posted first on Green Energy Times

ACEEE Statement: Proposed FY18 Budget Would Kill Jobs by Targeting Energy Efficiency Programs

Statement by Steven Nadel, ACEEE (The American Council for an Energy-Efficient Economy ) Executive Director

For all the talk about increasing US jobs, the president’s budget takes a meat cleaver to the largest job creator in the energy sector: energy efficiency. It seeks crippling cuts to federal programs that transform waste into wealth and help support 2.2 million energy efficiency jobs.
The budget proposes to eliminate the popular ENERGY STAR® program that saves consumers money and slash others at the Environmental Protection Agency that cut fuel costs for cars and trucks. It seeks to end all federal funds for home weatherization and impose a cut of approximately 70% to the energy efficiency programs at the Department of Energy. These programs lower energy bills for households, businesses, and the federal government itself, all while creating domestic jobs.
We call on Congress to reject these draconian cuts and continue its bipartisan support for energy efficiency.

ACEEE Statement: Proposed FY18 Budget Would Kill Jobs by Targeting Energy Efficiency Programs posted first on Green Energy Times