Goldman Sachs gaining on $1B in renewable bonds in Japan – The bond market can be a well priced, long term funding source for large volumes of solar power. The global bond market is $100 trillion. That’d be more than enough to completely convert the planet to green energy. Long term cash producing assets are the exact thing savers look toward.
Exxon, Shell Join Ivanka Trump to Defend Paris Climate Pact – Headlines like this are tough to judge in today’s political climate. It could be that those who are in power in the White House believe very much so in climate change, however, feel they have plenty more time to negotiate to get the best deal possible. Exxon and Shell historically have talked one way in the public, but spent their lobbying money very much so against renewable energy. Exxon needs to argue for climate change to defend themselves in a coming RICO lawsuit. These publicly released statements could mean a lot…or nothing.
Bosch Solar recalls panels – Though none of the panels have caught fire, Bosch thinks it appropriate to recall because there is a chance that they do.
Saudis Target 30 Solar, Wind Projects in $50 Billion Pledge – Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. The world’s biggest exporter of crude oil will produce 10 percent of its power from renewables by 2023 (10GW of renewables). This is mostly old news, except for a couple pieces of inforation. 1 – 10GW of renewables for $50B? $5/W? Wind is below $0.75/W to build and solar in that region is close. Either there is a lot more infrastructure being built than just the wind+solar (storage? transmission?) or this is an older $50B number and the volume installed will be a lot larger. 2. 10% of electricity from renewables – 200MW in place right now, 10GW in place in six years – that’s a 50x increase in volume.
State of Oklahoma gets rid of wind tax credit – Everything I’ve read so far quotes the governor as saying she is doing this to help the budget. All of the analysts say the tax credit will have a net negative effect on the budget – since people won’t build as much, less tax revenue in general. It amazes me that governors and presidents will lie simply because a lobbyist tells them to.
World’s largest solar panel manufacturer buying bifacial solar cell testing equipment – Aurora Solar Technologies (AST) has introduced an enhanced version of its ‘Decima’ inline measurement system for quality control of bi-facial solar cells during production. Inline simply means you can add it into to the prior production line. Bifacial solar panels are going to keep growing it seems.
51% for the whole week came from renewables in Germany – that’s a big country, that’s a whole week. For the whole month of March it was 41% – a record itself. These numbers will continue to grow – and we could very well have a Germany once again leading the energy revolution.
Header image: Siemens Energy put the Les Mées solar farm in the department of Alpes-de- Haute-Provence in the south of France on line in October 2011