IKEA Keeps Getting Brighter
with Solar Installations
KEA has announced the completion of a 1.28MW rooftop solar panel system atop its new store in St. Louis, in the U.S. state of Missouri.
The array consists of 4,085 panels and will produce approximately 1,780,000 kWh of electricity annually – enough to power 169 homes. Carbon-equivalent emissions reduction is estimated at 1,227 tons each year. The project is the largest rooftop solar installation in the state.
“Installing the solar panels is another exciting and sustainable step in the progress towards opening the future IKEA St. Louis,” said John Achillea, store manager. MORE
US Senate Continues to Push Wind Power
The American wind power industry is celebrating after the U.S. Senate voted overwhelmingly in favour of extending more than 50 tax policies supporting the construction of new wind farms.
The mood towards wind energy in the USA is in stark contrast to that back home, where the Abbott government’s “wonky” directive that the Clean Energy Finance Corporation (CEFC) cease investing in wind power projects has baffled industry experts and economists.
In a 23-3 bipartisan vote, the U.S. Senate Finance Committee passed a tax extenders bill for 2016. The bill retains language ensuring tax subsidies for wind energy developers continue so long as construction begins while the credits are in place.
Both the federal Production Tax Credit (PTC) and Investment Tax Credit (ITC) expired at the beginning of the year, causing consternation for the sector; as these incentives have been widely recognised as the predominant drivers of wind farm development and have cut the price of U.S. wind power in half. MORE
Solar Investment To Surpass Coal In India
Deutsche Bank has painted a sunny picture for solar in India, stating annual investments in the clean power technology could surpass investment in coal by 2019.
In its India 2020: Utilities & Renewables report, the Bank has raised its solar power forecast for India by 240%; to 34GW by 2020.
“This is on the back of strong commissioning (4.5GW), even stronger pipeline – under construction (~5.1GW), and new projects (~15 GW),” says the report.
By 2020, renewables could account for 20% of the nation’s power generation capacity – and the electricity will be cheaper than coal. MORE
21 Year Old Solar Entrepreneur Pushing
The Philippines Forward
Solar Philippines president Leandro L. Leviste, who is just 21 years old. Mr. Leviste’s company installed what was claimed to be the largest solar array on a shopping mall in the world last year and it seems like there is no slowing down with his latest project.
A 30 MW solar power generation facility has been inaugurated in Ormoc City, Leyte. MORE
The $2.2 Billion Deal
SunEdison To Acquire Vivint Solar
SunEdison, Inc. (NYSE: SUNE) and TerraForm Power (NASDAQ: TERP) have announced an agreement for the acquisition of Vivint Solar for USD $2.2 billion.
SunEdison has also entered into a definitive purchase agreement with a subsidiary of its yieldco, TerraForm Power, which will acquire Vivint Solar’s rooftop solar portfolio consisting of the 523 megawatts PV capacity expected to be installed by the end of this year. MORE
"Can we uncrap what we crapped up?"
How refreshing that a guest, in this case, Howard Schacter, Director of Engineering for Petro-Cycle Solutions, candidly admits that he spent the first 22 years of his career "crapping" up the environment. Then happily goes on to say he has spent an equal time "uncrapping" the ecological damage. What an epiphany.
Howard has built an award-wining company that creates, and sells amazing, compact units that can recycle billions of gallons of water and allow their reuse on site to industries worldwide. His range of projects is staggering. His innovation, insight, practical application and solutions have clearly "uncrapped" many potential damaging fracking and mining work sites.
Along with our Boston co-host, Jack Gregg, we spend an hour with a pioneer who has offered redemption to many great clients. What becomes crystal clear during the interview is that even very dirty jobs, and very dirty sites, can use technology to substantially mitigate their impact on our natural resources.. MORE