New York state has some of the country’s most ambitious clean energy and carbon reduction goals. It has a massive energy storage mandate. And it's in the midst of creating new market structures for distributed energy resources under its Reforming the Energy Vision (REV) initiative.

In other words, it's a state that's transforming its energy structure at multiple levels — including its transmission grid and wholesale energy markets.

On Thursday, New York Independent System Operator (NYISO), the state’s transmission system operator and market-maker, released its Power Trends 2019 report, highlighting how it’s adapting to this changing state energy ecosystem. Among key updates are NYISO’s progress

Washington Governor Jay Inslee has published the broad outlines of the climate change mitigation plan he staked his presidential campaign on. 

The proposal would require 100 percent clean electricity by 2035, as well as 100 percent clean new vehicles and new buildings by 2030. Inslee said from the get-go that his candicacy would be dedicated to climate change, but waited to release a plan until Friday.

In the meantime, he helped pass a bill in Washington that requires 100 percent clean electricity by 2045. That bill puts Washington in the company of Hawaii, California, New Mexico, Puerto Rico and Washington, D.C., which have

Spruce Finance, now a residential solar owner and operator, left the solar loan and origination market last year. Instead, the company said it’s been focused on growing its mergers and acquisitions platform. 

On Wednesday the company announced $208 million in debt financing for its residential solar assets with Silicon Valley Bank and ING acting as lead arrangers. Key Bank and three other undisclosed lenders participated in the deal, according to Spruce.

Tim Distler, the company’s vice president of corporate development, said the money allows Spruce to continue pursuing opportunities to acquire “seasoned residential portfolios.” 

“We see this financing as an opportunity

Democratic Presidential hopeful Beto O’Rourke unveiled a comprehensive climate change plan this week that seeks to achieve net-zero carbon emissions in the U.S. by 2050. The $5 trillion proposal is the most detailed climate plan announced by a 2020 presidential candidate to date.

But the policy wasn't even a day old when the Sunrise Movement, a youth-led climate group backing the progressive Green New Deal, slammed O'Rourke for not being more ambitious.

O'Rourke isn't the only Democratic politician to face criticism for his climate plan in recent days. Los Angeles Mayor Eric Garcetti also saw pushback over his Green New Deal plan for the city.

On

Renewable energy players cheered a government-sponsored report recommending the U.K. set a date of 2050 for achieving net-zero carbon emissions.

“This is the level of ambition and leadership that is needed from policymakers,” said Andy Bradley, director at Edinburgh-based consultancy Delta Energy and Environment, on recommendations made by the U.K. Committee on Climate Change (CCC).

The CCC’s report, published seven days after a series of high-profile London protests by the activist group Extinction Rebellion, said it is “technically feasible by 2050 but highly challenging” for the U.K. to end its contribution to global warming.

“Ten years after the Climate Change Act became law, now

First Solar swung to a first-quarter loss due to lower project revenue and escalating costs at its engineering, procurement and construction business, but reassured investors that the roll-out of its critical Series 6 modules is proceeding as planned.

The U.S. solar group announced a net loss of $67.6 million for the first quarter of 2019, compared to an $83 million profit in the comparable quarter last year. 

Net sales fell 6 percent year on year to $532 million, though the company raised its full-year sales guidance to $3.5 billion to $3.7 billion, up from a prior range of $3.25 billion to $3.45 billion.

First

Plans to link New Mexico’s abundant wind energy resource to bigger markets in California continue to come together, with utility group PNM Resources announcing it will buy Pattern Development’s Western Spirit transmission project, designed to connect more than 800 megawatts of future wind capacity.

Pattern acquired Western Spirit and the affiliated Mesa Canyons wind project last year from Clean Line Energy Partners, as part of its multi-gigawatt wind development push in central and eastern New Mexico.

Pattern is developing the roughly 150-mile Western Spirit project in partnership with New Mexico Renewable Energy Transmission Authority, a state-backed agency focused on getting transmission lines built to tap the state’s

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