Energy Update
Geenex Solar LLC, a utility-scale solar developer focused on the PJM region, said it closed additional financing from New Energy Capital. NEC and Geenex entered into their first financial arrangement in early 2019. Terms of the latest deal were not disclosed.
New York Governor Kathy Hochul announced that the New York Power Authority (NYPA) Board of Trustees approved 34 ReCharge NY power allocations to 29 customers in support of more than 22,600 jobs across the state that will also spur more than $629 million in private capital investments.
(Tue, 14 Dec 2021) EIA presents an alternative case to the <em>International Energy Outlook 2021</em> (IEO2021) that assumes higher incomes in China relative to the Reference case. We maintain all other Reference case assumptions so that we can analyze the effects of wage changes in China absent any additional policies.
Logistical challenges and price increases in the solar supply chain are expected to depress deployments next year, resulting in what could be a 7.4 GW (25%) decrease in solar installations for 2022 compared to previous forecasts.
And, for the second quarter in a row, trade policy uncertainty and supply chain constraints are driving solar price increases across all market segments.
The California Public Utilities Commission (CPUC) issued its much-anticipated plan to revise the state’s current Net Energy Metering (NEM) rules and create a Net Billing Tariff that it said would balance the needs of the “electric grid, the environment, and consumers.”
The proposal will be on the CPUC’s Jan. 27, 2022 agenda for a vote.
ZeroAvia announced it has raised another $35 million to help develop its 2-5 megawatt (MW) zero-emission powertrain systems for commercial aviation.
By Sarah Casey, Portfolio Director, Climate Council
Emerging economy countries face the undeniably huge task to transition their economies to be cleaner and more sustainable. This transition, however, will impact jobs in fossil fuel-based energy production and could, if not considered from a social perspective, negatively impact millions of individuals in emerging economy nations.
(Mon, 13 Dec 2021) Russia was the worldâs third-largest producer of petroleum and other liquids and the second-largest producer of dry natural gas in 2020. Europe is Russiaâs main destination market for its oil and natural gas exports, and a significant share of Europeâs oil and natural gas imports come from Russia.
A collaboration between Fermata Energy, The Alliance Center, and Colorado CarShare has resulted in over $950 in savings on its electricity bills in just four months using one Fermata Energy 15-kW bidirectional charger and one Nissan LEAF, according to news released this week. This savings was generated by reducing the Center’s demand charges by nearly eight percent.
By Odette Mucha, Vote Solar and Luis Nasvytis Torres, Earthjustice
Local energy resources have the potential to equitably distribute the benefits of clean energy in a way that provides jobs, resilience and savings to communities left out of our century-old electricity grid. These resources – like rooftop and community solar, and battery storage – have demonstrated this potential and are the most affordable solution in the transition to a clean energy future.
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