The acquisition of Massachusetts-based First Wind marks SunEdison’s entry into the global wind market, potentially making it the world’s largest renewable energy company. On November 17, 2014, global solar developer SunEdison Inc. and its indirect subsidiary TerraForm Power Inc. announced a definitive agreement to acquire Boston-based First Wind, a leading independent wind development and asset management…
The U.S. has announced a $3B commitment to the Green Climate Fund – the largest single pledge to date. On November 15, 2014 – eve of the 2014 G-20 Summit in Australia – U.S. President Barack Obama announced that the U.S. will contribute $3B to the Green Climate Fund (GCF), the financial support mechanism aimed…
State energy efficiency resource standards (EERS) outline near- and long-term energy use reduction requirements for utilities and third-party program administrators. EERS play an instrumental role in reducing power-sector emissions growth and could help reduce electricity consumption by as much as 10 percent by 2020. States that do not have a history of EERS or incentive…
Four large-scale renewable energy projects selected through RPS Main Tier solicitations will add approximately 164 MW to New York’s renewable energy capacity. On November 12, 2014, New York Governor Andrew M. Cuomo announced $206M in funding to four Upstate large-scale clean energy projects aimed to reduce emissions and improve energy infrastructure resiliency. Once operational, the…
