AB 32, California's nation - leading greenhouse gas emissions reductions law, and the state's Renewable Energy Standard (RES), requiring state utilities to obtain one - third of their power from renewable sources by 2020, will not only drive the growth
of renewables capacity, Hertel said, but also necessitate new natural gas - burning power plants or result in serious power supply problems.
This is based on assumed annual demand growth of 6.34 %; further scenarios with higher growth rates and low addition
of renewables capacity do require new coal stations, but still only at most half of those under construction.
While only 3.8 GW of thermal generation capacity was added in 2017, the addition
of renewables capacity clocked in at 12.8 GW, split approximately one - third wind and two - thirds solar.
They own just 7 per cent
of renewables capacity and less than three per cent of solar capacity.
E.ON now has more than 5 gigawatts of wind and solar capacity; including its hydro assets, the company has nearly 11 gigawatts
of renewables capacity in operation.
Synapse's Fields said LADWP will have about the same amount
of renewables capacity in 2030 whether it is at 100 % renewables generation or the City Council - mandated 60 % renewables generation.
Innergex completed the $ 1.1 - billion takeover on Feb. 6, netting it 485 megawatts
of renewable capacity including 100 megawatts of geothermal in Iceland as well as assets in Canada and the U.S.
New York could replace the entirety of Indian Point's 2,060 MW of capacity by implementing a clean energy portfolio comprised of 1,030 MW of energy efficiency and 1,030 MW
of renewable capacity.1
A further 920GW
of renewable capacity will be installed by 2022, according to its forecasts.
The share
of renewable capacity in the total generation mix increased from 34 % at the end of 2010 to a stunning 41 % in July 2012 (Figure 2).
In China, which accounted for about half the wind additions and 40 %
of all renewable capacity increases, two wind turbines were installed every hour in 2015.
Already active in onshore wind and photovoltaic renewable generation, E.ON has added energy storage to its portfolio and has developed and constructed more than 3,600 megawatts
of renewable capacity in the United States since 2007.
But it says the most important driver has been the «remarkable» increase
of renewable capacity, and in particular solar, mainly in Germany.
This results in direct addition
of renewable capacity to the grid.
Additionally, PV Tech reported, «As India will spearhead the Alliance, it marks a move from Modi to bring India forward on the world stage of renewable energy on top of his already highly ambitious targets of 175GW
of renewable capacity by 2022.»
When taking the low capacity factor for wind and solar into account, Europeans are paying over $ 29 billion Euros per gigawatt
of renewable capacity (rather than the $ 5 billion Euros per gigawatt noted above).
Though 216 gigawatts
of renewable capacity was on - line in Europe through 2014, the output effectiveness was measured at only 38 gigawatts, yielding an effective capacity factor of only 18 percent, which compares to 87 percent for natural gas - fired capacity.
The company has already invested more than $ 11 billion and operates nearly 5.4 gigawatts
of renewable capacity.
However, these southern projects are still at the early planning stage, and given the spread
of renewable capacity within the EU, there will be a growing need to balance variable renewables.
The Texas renewable portfolio standard requires that utilities have 5,880 megawatts
of renewable capacity by 2015, including a target of 500 megawatts of renewable - energy capacity from resources other than wind.
The primary result is that the new nuclear displaces
some of the renewable capacity additions as a means of compliance.
♦ «To illustrate this point, we performed simple calculations for three European countries using Eurostat data which show a sharp decrease in wholesale prices that concur with high penetration
of renewable capacity but also a surge in the final consumer price for the period 2008 — 2014.
Integration studies have shown that hundreds of megawatts
of renewable capacity can be integrated with modest improvements, such as balancing area coordination and transmission reinforcements.
For instance, uncertainty over the future of the federal production tax credit led to a boom - and - bust cycle in which 13 GW
of renewable capacity was installed in 2012, but only 1 GW was installed in 2013 after the credit expired.
Based on a series of scenarios produced by consultants GL Garrad Hassan, it concludes that the amount
of renewable capacity the UK can build is determined by economic constraints - not available resources.
It is intended to drive the building
of renewable capacity by guaranteeing a fixed payment to renewable energy developers for the power their projects produce over an extended period of time.
Not exact matches
Following the successful completion
of tests,
renewable energy business Orsted's Race Bank Offshore Wind Farm is fully up and running and can generate its full
capacity of 573 megawatts.
This is good news for
renewable energy, reflecting a massive expansion
of solar
capacity in California in 2016 — but it comes with several caveats.
A year ago, the Ontario Power Authority announced 180
renewable projects representing 2,400 MW
of generation
capacity, enough to power a sizeable city.
Report says two - thirds
of nearly $ 8 trillion invested in generating new
capacity will go to
renewables.
RICHMOND, Va. (AP)-- Dominion Energy Virginia said Tuesday that it plans to build at least eight new natural gas - fired plants during the next 15 years, cementing its shift away from coal, while depending on
renewables for less than 10 percent
of its energy
capacity.
Overall, Dominion's modeling provided to AP shows
renewables would move from 3 percent
of its 2017
capacity mix — what the company is capable
of producing — to as much as 9 percent under some scenarios by 2033.
Investments in
renewables in 2015 were $ 285.9 billion, a 5 % increase from $ 273 billion the year before, according the United Nations Environmental Programme (UNEP), and representing 53.6 %
of total added
capacity worldwide in 2015, according to Bloomberg New Energy Finance.
While Alberta has promised to end coal - fired electricity by 2030, and is building 5,000 megawatts
of renewable energy
capacity, it will also allow some
of those coal units to convert to using inefficient fracked natural gas.
Renewable Properties has a rapidly growing pipeline
of utility solar projects located throughout the U.S. and plans to bring approximately 75 MW DC
of solar
capacity online in 2018, which is enough electricity to power nearly 12,657 homes a year.
Renewable energy sources such as hydroelectric power comprised 53.6 %
of all GW
capacity of technologies that were installed during 2015.
Even massive debt - financed spending will not help unless the projects are intentionally designed to durably enhance the long - term productivity
of the U.S. economy, to avoid duplicative
capacity, and to relieve constraints that threaten to become binding in the future (personally, I remain convinced that
renewable energy should be central to that list).
«India is one
of the governments around the world that agreed at the UN's COP21 meeting to a new global climate accord, and its plans to boost
renewable energy
capacity is very substantial,» says Andrew Salvoni, head
of Morgan Stanley's green and sustainable bond syndicate desk.
Firm up
renewable generation by reconciling the intermittency
of power from these sources and storing excess
capacity to dispatch when it's needed.
The country's
renewable capacity has more than tripled from 2008 levels as
of 2016, and the solar market alone grew 95 % for the year according to the Solar Energy Industries Association.
In countries like Germany and Japan, rooftop solar panels have helped boost
capacity and bring record levels
of renewable energy into the power mix.
And yet, it still only generates around one third
of its overall
capacity from
renewables.
The latest iteration does away with
renewable obligation certificates (their equivalent
of Australia's
renewable energy certificates) and instead auctions off government support for a fixed amount
of renewable energy
capacity.
It was not about some breakthrough in the negotiations, but about a new initiative to deliver at least 300 gigawatts
of electricity - generating
capacity to Africa by 2030, all from clean or
renewable energy.
He points to a letter that Cuomo to former chair Audrey Zibelman, in her
capacity as CEO
of the Department
of Public Service, directing her to open a proceeding on getting the state to 50 percent
renewable energy by 2030 and providing the nuclear subsidies.
«We'll need
renewables, new nuclear, fossil fuels with CCS, and the cables to hook them all up to the grid as a large slice
of our current generating
capacity shuts down.»
But while the Town
of East Hampton's policy goal
of serving 100 percent
of its electricity needs from
renewable sources by 2020 is commendable, «the details have not allowed us to move forward with the kind
of operational
capacities we need.»
The Governor outlined his vision for the Energy Highway in his 2012 State
of the State Address, calling for «a private - sector funded $ 2 billion «Energy Highway» system that will tap into the generation
capacity and
renewable energy potential in Upstate and Western NY to bring low - cost power to meet the tremendous energy needs in Downstate New York» and for the repowering
of old and dirty plants to stop pollution in urban neighborhoods.
The goal was to increase the energy generation
capacity from 5000 MW to 16000 MW by 2015 through the exploration
of renewable energy resources.
IEA's «World Energy Investment» report shows that China was the largest destination
of renewable - based power
capacity investment in the world last year, reaching more than $ 90 billion, or over 60 percent
of its total investment in generation.