Most rooftop solar panels on homes are mounted facing south, but although they generate more power that way, west-facing solar panels create electricity at the hours it is needed most, according to an Opower study of data from 110,000 homes in California, The New York Times reports.
The wind energy industry is facing another year of uncertainty about a key tax incentive if Congress goes ahead with a package of business tax break renewals that extends only through 2014.
A multi-year $400 billion proposal -- which would have extended some expired tax breaks, including the wind Production Tax Credit, and made others permanent -- fell victim last week to White House opposition. On Monday, House Republicans unveiled a one-year, $44.7 billion package of renewals for breaks that expired last Dec. 31, including the PTC and other incentives for biofuels and energy efficiency.
The Illinois Commerce Commission has granted approval for Clean Line Energy Partners’ Rock Island Clean Line, intended to transmit power 500 miles from wind farms in the Plains states, Crain’s Chicago Business reports.
A prediction that Texas will get a fifth of its electricity from solar by 2025 may be overly “ambitious,” according to John Fainter, chief of the Association of Electric Companies of Texas, but he says its share of generation will grow as costs come down, Platts reports.
KATMANDU, Nepal (AP) — Nepal signed an agreement Tuesday for an Indian company to build a $1 billion hydroelectric plant to boost supplies in the energy-starved Himalayan nation and export power to India.
The move comes as regional leaders, including Indian Prime Minister Narendra Modi, arrived in Nepal for a meeting of the South Asian Association for Regional Cooperation.
KATMANDU, Nepal (AP) — Nepal is signing an agreement Tuesday for an Indian company to build a $1 billion hydroelectricity plant to boost supplies in the energy-starved Himalayan nation and to export power to India.
The move comes as regional leaders, including Indian Prime Minister Narendra Modi, are arriving in Nepal for a summit of South Asian Association for Regional Cooperation.
The Interior Department will offer the largest area to date for Atlantic Ocean wind energy development, with a competitive auction of areas off the Massachusetts coast.
The department on Monday announced the Jan. 29 sale of more than 742,000 acres for potential wind farm construction, an area that is nearly double the acreage previously leased in Atlantic federal waters.
With the cost of solar and wind power dropping dramatically in recent years, the renewable energy sources are becoming more directly competitive with electricity from gas and coal-fired plants, The New York Times reports.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.