NewEnergyNews: QUICK NEWS, September 27: Facts Check Trump – Fed Investments In Solar A Huge Success; Top Midwest Utility In $2 Billion Wind Buy; Solar Cost Increasingly Beating The Market

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • TODAY’S STUDY: The Money In The Energy Transition
  • QUICK NEWS, March 28: New Evidence Of More Climate Trouble; Wind Now Matching Coal In The Market; New Energy Vs. Utilities In Indiana
  • THE DAY BEFORE

  • TODAY’S STUDY: New Energy Today And Tomorrow
  • QUICK NEWS, March 27: Only PBS Is Covering Climate Change; The Job-Creating Engine That Is Wind Energy; U.S. Solar Should Follow China Solar -- Stanford
  • THE DAY BEFORE THE DAY BEFORE

  • Weekend Video: Bill Maher Talks Trump Havoc, Climate Havoc
  • Weekend Video: What NYC Faces From Climate Change
  • Weekend Video: Kids Design A New Energy City
  • THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-Climate Change Report – ‘Upheaval’ In ‘Uncharted Territory’
  • FRIDAY WORLD HEADLINE-Oil Giants Buying In On EU Ocean Wind
  • FRIDAY WORLD HEADLINE-Japanese Floating Solar Backed by Apple
  • FRIDAY WORLD HEADLINE-Germany Upped EV Access 27% in 2016
  • AND THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, March 23:

  • TTTA Thursday-No Majority Anywhere Doubts Climate Change
  • TTTA Thursday-Making The Baby Decision As The Climate Changes
  • TTTA Thursday-Wind Delivers 54% Of Power To Midwest 11-State System
  • TTTA Thursday-A System To Better Use New Energy
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: New Markets Opening Up To Distributed Resources
  • ORIGINAL REPORTING: Utilities Driving Record Solar Growth
  • ORIGINAL REPORTING: Hawaii’s Fight For 100% New Energy Goes On
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    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • TODAY AT NewEnergyNews, March 29:

  • ORIGINAL REPORTING: A Big Win For U.S. Ocean Wind
  • ORIGINAL REPORTING: Making Small Distributed Resources Grid-Big
  • ORIGINAL REPORTING: Utilities Moving To New Energy

    Tuesday, September 27, 2016

    QUICK NEWS, September 27: Facts Check Trump – Fed Investments In Solar A Huge Success; Top Midwest Utility In $2 Billion Wind Buy; Solar Cost Increasingly Beating The Market

    Facts Check Trump – Fed Investments In Solar A Huge Success The U.S. Department of Energy’s Loan Programs O¬ce (LPO) provides the critical financing needed to deploy some of the world’s largest and most innovative clean energy and advanced technology vehicle manufacturing projects to date.

    November 2014 (U.S. Department of Energy)

    Despite an almost isolated case referenced by Donald Trump in the first presidential debate, the federal investments in solar and other cutting edge energies have paid off far better than any portfolio of private sector investments, according to the Department of Energy update made as the program went into hiatus in 2014.

    “LPO currently manages a portfolio comprising more than $30 billion of loans, loan guarantees, and conditional commitments covering more than 30 projects. These projects include some of the world’s most innovative and largest solar, wind, geothermal, biofuel, and nuclear facilities, as well as advanced technology vehicle manufacturing facilities in six states producing some of America’s best-selling vehicles. Overall, these loans and loan guarantees have resulted in more than $50 billion in total project investment,” the update reports.

    In September 2014, LPO-financed projects have moved solar and other technologies that might not have come to market if they had to depend solely on private sector investment. They had repaid nearly $3.5 billion of principal and earned over $810 million in interest payments. The interest payments largely come in on or ahead of schedule and will eventually earn the federal government an estimated $5 billion-plus in interest. Losses at the time of the update were less than $780 million, less than 3.6% of the total money loaned. click here for more

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    Top Midwest Utility In $2 Billion Wind Buy Xcel plans big expansion in wind power, adding enough capacity for 750,000 homes; The company will add eight to 10 new wind farms in the Upper Midwest.

    Mike Hughlett, September 22, 2016 (Minneapolis Star-Tribune)

    “Xcel Energy plans to invest $2 billion to expand its wind-generation capacity by 60 percent, enough to power 750,000 homes…Already a national leader in wind energy, Xcel Energy plans to add eight to 10 wind farms that will serve Minnesota, the Dakotas, Wisconsin and the Upper Peninsula of Michigan. Together, they will provide about 1,500 megawatts of power…That’s almost as much as the 1,600 megawatts of power produced by Xcel’s two Minnesota nuclear facilities…Xcel will own some of the new wind farms and buy power from wind farms developed by independent operators…The new wind farms should come online between 2017 and 2020…By 2030, Xcel expects one-third of its power generation in the Upper Midwest will come from renewable sources — mostly wind — up from 24 percent now…Nuclear will make up about one-third…[and coal is expected to fall from its current 33 percent] to 15 percent…” click here for more

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    Solar Cost Increasingly Beating The Market Solar power cost down 25% in five months – “There’s no reason why the cost of solar will ever increase again”

    John Fitzgerald Weaver, September 26, 2016 (Electrek)

    “On August 11 a bid of US$0.46/W was put forward to build 500MW of solar power in China (a roughly calculated levelized cost of electricity (LCOE) at $0.019/kWh). This past week we saw a bid of $0.023/kWh to build 1.2GW of solar power in Abu Dhabi…almost 25% lower than the $0.0299/kWh was bid in late April for a series of projects also in Abu Dhabi. These extremely aggressive price falls are partially driven by unique situations – a Chinese solar panel production glut and historically low costs of money. But also because of technology…The price drop in solar panels from the first quarter through the third quarter of this year is probably the greatest driver…Anecdotally, deliveries of Tier 1 solar panels in 1MW volume to the northeast USA have fallen from ~$0.60-65/W to ~$0.45/W – price declines of 25-30%...Other locations have seen price falls just as significant. A Nevada USA 100MW solar project was recently approved delivering electricity at $0.04/kWh. Chile set temporary records at $0.0291/kWh. And now we see India’s ongoing, and upward ramping, solar power boom…Greentech Media made a now quaint seeming prediction that solar costs would fall “40% by 2020” in September of 2015 – little did they know it might happen before the end of 2016…” click here for more

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