SOLAR POWER
On January 21, Kilowatt Financial announced $100 million debt facility with Citi to support residential energy efficiency upgrades. One day later, Joule Assets announced a $100 million fund to aggregate energy efficiency and demand response projects for private equity investors. Overview Although creative energy efficiency financing has existed for decades, new mechanisms are emerging to…...
A Solar Foundation report shows U.S. solar industry jobs increased by 19.9 percent, 10 times faster than overall job growth. On January 27, 2014, the Solar Foundation (TSF), a non-profit research organization, released the 2013 National Solar Jobs Census, its fourth annual report on U.S. solar industry employment and projected growth. The report shows the…...
The U.S. and 13 World Trade Organization members have committed to advance free trade of environmental goods to make green technologies more affordable. On January 24, 2014, the U.S. and 13 World Trade Organization (WTO) members – Australia, Canada, China, Costa Rica, the European Union, Hong Kong, Japan, Korea, New Zealand, Norway, Singapore, Switzerland, and…...
Solar carve-outs have been implemented as part of the Renewable Portfolio Standard (RPS) in 14 U.S. states and the District of Columbia, helping to support the expansion of solar energy projects throughout the nation. All of these states are on track to meet their long-term compliance goals, and all show increasing percentages of annual RPS…...
Increasing solar energy investment opportunities will become available in 2014 as a result of financial innovation helping to accelerate project deployment and cost cutting. Historically, solar energy projects are difficult to finance because of high fixed costs and long investment return terms. As a result, the margin of error on risk evaluation is much greater…...
U.S. Commerce Chamber’s new energy advocacy platform proposes actionable recommendations to capitalize on the nation’s energy potential. On January 15, 2014, the U.S. Chamber of Commerce’s Institute for 21st Century Energy launched its new energy advocacy platform titled “Energy Works for US,” a comprehensive plan with recommendations for 2014 and beyond. The plan, an update…...
President Obama has ordered a comprehensive energy strategy review to ensure federal policies continue to address changing energy requirements. On January 9, 2014, President Obama signed a memorandum establishing a Quadrennial Energy Review (QER) to enhance the federal government’s capability to provide a comprehensive and integrated energy strategy to meet challenges posed by rising energy…...
Governor Cuomo’s 2014 State of the State agenda includes new clean energy and climate initiatives with a grid resiliency and distributed generation focus. In his State of the State (SOS) address on January 8, 2014, New York State Governor Andrew M. Cuomo reaffirmed his commitment to clean energy, proposing significant initiatives to address energy and…...
The Solar Energy Industries Association (SEIA) has opposed SolarWorld’s latest trade petition against anti-competitive trade practices of China and Taiwan, calling for negotiations to end the trade dispute. On December 31, 2013, international solar power system manufacturer SolarWorld filed anti-dumping and anti-subsidy cases with the U.S. International Trade Commission and the U.S. Department of Commerce…...
On December 10, 2013, Senate Budget Committee Chairman Patty Murray (D-WA) and House Budget Committee Chairman Paul Ryan (R-WI) proposed the 2013 Bipartisan Budget Act, a two-year budget agreement that would provide $63B in sequester relief and reduce the fiscal deficit by $20B to $23B. Overview Lawmakers now have several weeks to appropriate the budget…...
With a $210M initial funding approval, NY Green Bank is poised to begin operations in early 2014. On December 19, 2013, New York State Governor Andrew M. Cuomo announced $210M initial capitalization for the $1B New York Green Bank, a market-based clean energy funding initiative launched in September. The funding includes $165M Public Service Commission…...
The Senate Finance Committee’s latest energy tax reform proposal focuses on technology-neutral and performance-based energy tax credits. On December 18, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released an energy tax reform draft that would overhaul federal energy-related tax incentives and consolidate provisions supporting renewable energy. Notably, the proposal focuses on establishing tax credits…...