QUICK NEWS, March 2, 2015: EPA CLIMATE SAFE, WORKABLE – STUDY; WHY TO LIKE SOLAR; CAROLINAS PREPARE FOR OCEAN WIND
EPA CLIMATE SAFE, WORKABLE – STUDY Energy Study Finds that EPA’s Clean Power Plan Will Not Jeopardize the Reliability of U.S. Power System
February 19, 2015 (Business Wire)
“The design and implementation of the U.S. Environmental Protection Agency’s (EPA) Clean Power Plan, which is intended to reduce the U.S. electric system’s CO2 emissions by 30 percent from 2005 levels by 2030, will not jeopardize or compromise the reliability of the U.S. power system, according to [ Electric System Reliability and EPA’s Clean Power Plan: Tools and Practices] by Analysis Group energy experts…[that demonstrates there are a wide variety of existing and modified tools to develop, formalize, and implement State Plans and assuring electric system reliability while taking the actions required under law to reduce CO2 emissions from existing power plants] are compatible…[A] recent survey of more than 400 utility executives nationwide found that more than 60 percent felt optimistic about the Clean Power Plan and felt that EPA should either hold to its current emissions reduction targets or make them more aggressive…” click here for more
WHY TO LIKE SOLAR 3 Reasons Why Solar Energy Is One of America’s Hottest Industries
Rakesh Sharma, march 2, 2015 (Business Cheat Sheet)
“…After years of being eclipsed by other renewable energy sources, solar has become hot…Here are three reasons:…1. Solar offers better returns…A new study by NC clean energy technology center found that installation in solar panel systems beats investment in a stock market investment fund…2. The cost of solar energy has declined…[A] report by the Lawrence Berkeley National Laboratory, found that the median cost of residential solar has gone down from approximately $12/watt in 1998 to about $4.70/watt in 2013…[and] solar prices are expected to further decline to between $3.70/watt and $4.24/watt before incentives…3. Solar is good for the economy…[The] Solar Foundation [found] the solar industry added workers almost 20 times faster than the overall U.S. economy…The economics of the solar industry has also changed from one that was small-scale toward corporate industrial behemoths…[Solar City] is valued at $5 billion in the stock market….” click here for more
CAROLINAS PREPARE FOR OCEAN WIND Offshore wind energy effort advances
Bruce Smith, March 2, 2015 (AP via Rocky Mountain Telegram)
“The first leases allowing wind turbines offshore of the Carolinas are expected to be let next year although some people worry the massive turbines could harm the tourism coastal communities depend on…[The U.S. Bureau of Ocean Energy Management] issued a report that there appears to be no significant environmental impact [from]] offshore wind development…[L]eases could be awarded as early as next year, [but] it probably will be well into the next decade before any turbines are built. Once leases are awarded, there would be additional environmental studies of the specific areas and additional reviews of specific turbine construction plans…Construction of the first [U.S. offshore wind turbines] is expected off New England in the next year or two…There is already a wind energy industry on the Carolinas coast. Fifteen months ago, Clemson University opened a new $110 million energy research center in North Charleston, S.C., that includes the world’s largest wind turbine test rig.” click here for more
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