Corporations purchased a record of 23.7 GW of clean energy in 2020, up from 20.1 GW in 2019 and 13.6 GW in 2018, according to new research published by BloombergNEF (BNEF). The increase came despite a year devastated by the COVID-19 pandemic, a global recession and uncertainty about U.S. energy policy ahead of the presidential election. BNEF finds in its 1H 2021 Corporate … [Read more...] about BNEF: Corporations Invest in Record Amount of Clean Energy in 2020
Renewable
FIMER Expands String Inverter Solutions to C&I Market
With renewable energy, led by solar power, potentially making up 80% of the growth in electricity generation over the next decade, FIMER has introduced its new PVS-10/33-TL three-phase string inverter solutions for commercial and industrial (C&I) applications. According to the International Energy Agency, it is now consistently cheaper to generate electricity by … [Read more...] about FIMER Expands String Inverter Solutions to C&I Market
Amidst COVID Utility-Scale Wind Continues to Set Generation Records
Despite the COVID-19 pandemic, electrical generation by the nation’s utility-scale wind and solar plants continues to set new records – it was 35.1% greater in November 2020 than it was in the same month a year earlier, according to a SUN DAY Campaign analysis of new data released by the U.S. Energy Information Administration (EIA). The latest issue of … [Read more...] about Amidst COVID Utility-Scale Wind Continues to Set Generation Records
2020 Solar, Wind Generation Sets Utility-Scale Records
Despite the COVID-19 pandemic, electrical generation by the nation’s utility-scale wind and solar plants continues to set new records – it was 35.1% greater in November 2020 than it was in the same month a year earlier, according to a SUN DAY Campaign analysis of new data released by the U.S. Energy Information Administration (EIA). The latest issue of … [Read more...] about 2020 Solar, Wind Generation Sets Utility-Scale Records
U.S. wind energy production tax credit extended through 2021
January 28, 2021 The timing and magnitude of wind turbine installations in the United States are often driven by tax incentives. The U.S. production tax credit (PTC), a per-kilowatthour (kWh) credit for electricity generated by eligible renewable sources, was first enacted in 1992 and has been extended and modified in the years since. At the end of December 2020, Congress … [Read more...] about U.S. wind energy production tax credit extended through 2021