renewable power
Op-Ed: Renewable Portfolio Standards Work, But at What Cost?
August 31, 2010 — As policymakers consider energy and environmental goals, renewable portfolio standards (RPS) are one popular tool to encourage the development of renewable power resources. These regulations, also called renewable electricity standards, typically require utilities to source a specified percentage of their power from qualified renewable sources. States adopt RPS programs to incentivize the development of new capacity, reduce their carbon footprints and mitigate volatility in fossil fuel prices. <<Read full post>>
Renewable Portfolio Standards Work, But at What Cost?
As policymakers consider energy and environmental goals, renewable portfolio standards (RPS) are one popular tool to encourage the development of renewable power resources. These regulations, also called renewable electricity standards, typically require utilities to source a specified percentage of their power from qualified renewable sources. States adopt RPS programs to incentivize the development of new capacity, reduce their carbon footprints and mitigate volatility in fossil fuel prices. While such regulations do have cost impacts to ratepayers, proponents argue that their benefits exceed their costs.
[Arizona] State Regulators Back Tucson Electric Power’s Plans for 10 New Renewable Power Projects
Aug. 25, 2010 — The Arizona Corporation Commission (ACC) has expressed its support for Tucson Electric Power’s plan to purchase the output of 10 new renewable power projects that together will generate nearly 150 megawatts (MW), enough energy to power more than 30,000 Tucson homes. <<Read more>>
Estimating Forward REC Price Curves
Almost all of today’s renewable energy projects rely on regulatory financial incentives in order to make investment returns sufficiently attractive. Some incentives, such as rebates and tax credits, have known monetary value and are therefore rather easily incorporated in financial pro formas. Other incentives, namely renewable energy certificates (commonly known as “RECs”) used for compliance with renewable portfolio standards (RPS), are inherently variable and therefore require exogenous methods to determine their value. Because RECs can be unbundled from the underlying renewable power and sold to utilities with renewable energy obligations, they are commodities subject to a variety of market forces that impact their value.
Innergex broadens range – National Post
Kudos to Innergex Renewable Power Inc. for bringing an offering of five-year rate-reset pref shares to investors and for trying to broaden the range of the security that, for too long, has been dominated by financial institutions. “There is huge demand for nonfinancial issuers,” said one
Maine offshore energy project exceeds expectations
Ocean Renewable Power Company’s underwater tide turbine has surpassed power supply predictions, and the company expects a commercial grid connection as soon as 2011.
Tyson Creek: Tapping into the Highest Head in North America
The Tyson Creek project is the third hydro system developed by Renewable Power Corporation, a British Columbia company. On the Sunshine Coast of BC, Tyson Creek went online in December 2009 and has a rated output of 9.3 MW based on 865 meters gross head and a flow of just 1.3 cubic meters per second.
Largest U.S. Ocean Device Generating Electricity
The ocean-current technology developer Ocean Renewable Power Company (ORPC) has been working on a pilot version of its cross-flow turbine since 2004. Over the last six years, the company has learned a number of important lessons about the difficulties of deploying energy technologies in the marine environment.
Band needs green power – Evening Chronicle (Newcastle-upon-Tyne, UK)
GREEN campaigners are battling for power as they bid to keep a Tyneside music festival clean and bright. The North East Green Phoenix Festival is hosting Bob Marley’s backing group The Wailers for the gig at Gibside from August 19th to 22nd. Organisers already have a set of renewable power rigs
E.ON joins Offshore Wind Accelerator
E.ON joined Mainstream Renewable Power, Statkraft, DONG Energy, RWE Innogy, ScottishPower Renewables, SSE Renewables and Statoil in the Offshore Wind Accelerator (OWA), an initiative started by the Carbon Trust. Altogether, the member companies account for about 61% of licensed capacity in the UK, which is about 30 GW.
The latest addition to the member list, E.ON, [...]
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