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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 from October 1, 2014 - October 31, 2014

Wednesday
Oct082014

German renewables supply tops share of nation’s electricity demand

There are more signs that Germany’s “Energy Transition” is making steady progress toward the Merkel government’s goal to shut down all of the nation’s atomic reactors in the coming decade and largely replace them and the fossil fuel industry with wind and solar power. Bloomberg News reported that German renewable energy produced the largest percentage of all electricity generators individually including lignite coal, nuclear and hydropower. Wind, solar and biomass supplied 27.7% of Germany’s electricity demand as compared to 26.3 % by coal-fired generators while atomic reactors generated 15.4%. 

In the United Kingdom, wind power continues to set electricity production records only to break them days later. Offshore and onshore wind power combined to briefly surpass nuclear power generated electricity for several minutes.   

Wednesday
Oct082014

"IEEFA: FirstEnergy financial condition unlikely to improve"

As reported by FierceEnergy, FirstEnergy has essentially declared war on renewables and efficiency, and is attempting to massively gouge ratepayers, as well as taxpayers, to prop up failing plants like its Davis-Besse atomic reactor. This according to a report by IEEFA -- the Institute for Energy Economics and Financial Analysis.

The article quotes Tom Sanzillo, IEEFA's director of finance:

"FirstEnergy's CEO has called this the 'lost decade. But it has not been a lost decade for other utilities investing in renewables and alternatives to coal,'" Sanzillo said. "FirstEnergy's corporate leadership is lost, and they are asking shareholders, ratepayers and government officials to pay for their management blackout."