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The Renewable Energy Renaissance

The real Renaissance is in renewable energy whose sources could meet 25% of the nation's energy needs by 2025. Renewable technologies can help restore political and economic stability as well as save money…and the planet.

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Entries by admin (194)

Thursday
Apr162020

Solar seen claiming up to 60% of EU power mix by 2050

Wednesday
Apr082020

Indian Point nuclear plant is on track to be replaced by 100% renewable energy and energy efficiency in NY!

Tuesday
Apr072020

Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing

The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas prices.

As reported by the Washington Post.

Wednesday
Mar182020

US: Renewables to rise above coal, nuclear says FERC

Thank you to Scott Stapf of the Hastings Group, whose tweet points to this good news:

US: Renewables to rise above coal, nuclear says FERC -- http://ow.ly/GI8a30qqCNH

Thursday
Jan232020

Renewable energy surges despite Trump cuts to investment credits for 2020

Solar and wind power are now the least expensive way to reliably generate electricity.   A January 16, 2020 Bloomberg New Energy Finance (BNEF) report finds that global renewable energy investment was more than $282 billion last year, a slight increase over 2018 investments.  Here in the United States, new investments in renewable energy for 2019 set a record  high at $5.55 billion. The power surge in the US comes as solar and wind generated electricity costs continue to plummet despite the Trump Administration's ongoing effort to shrink incentives for solar and wind investment and production tax credits.

The US government funding program passed by Congress and signed by President Trump at the end of 2019 provided wind power a modest 2020 federal tax credit incentive extension.  New wind energy projects received a minimum one year extension for those projects that began construction in 2019 are still eligible for the 40% credit in 2020.  Those wind projects that can start up in 2020 will be eligible for a 60% credit. However, the U.S. wind power tax credit is presently scheduled to be completely phased out by the end of 2020.  At the same time, Solar Energy Industry Association (SEIA) announced that Congressional lawmakers ignored extending investment tax credits for 2020 to new solar power projects.

President Trump authorized $1.5 billion for nuclear energy research including a  $250 million to the Department of Energy for Advanced Reactor Research.

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