SolarCity Corp. is sticking with its strategy of installing more rooftop solar despite the cost: The company said in the second quarter it added 107 megawatts but its loss increased to $47.7 million, Bloomberg reports.
The Minnesota Public Utilities Commission – having agreed that an original proposal of 10 cents a kilowatt-hour was too low -- is expected to decide Thursday how much Xcel energy will have to pay for electricity generated by community solar gardens, E&E reports.
Profits for solar panel maker First Solar sank to $4.5 million in the second quarter, but CEO Jim Hughes noted in a conference call that the company’s results are affected by getting big payments unevenly and he stood by its full-year profit projections, Bloomberg reports.
A measure approved by the House in Massachusetts Thursday would increase the cap on solar production to up to 5 percent of a utility’s total generation, as well as create a task force to study net metering, but the measure is a far cry from the comprehensive overhaul of the system that some had hoped for, State House News Service reports.
Offers outnumbered bids in the first round of the Massachusetts auction of solar renewable energy certificates this year, so the results were scrapped, the terms will be changed and a second round of bidding will be held, Platts reports.
Renewable energy advocates attending a public meeting Wednesday asked the Utah Public Service Commission to reject an application from Rocky Mountain Power to charge customers with solar panels an extra fee, the Deseret News reports.
Thousands of pages of documents have been filed with the California Energy Commission in advance of three days of hearing set to discuss the pros and cons of the second solar energy plant BrightSource is seeking to construct in the southern desert, The Press-Enterprise reports.
TerraForm Power, a solar-plant-operating subsidiary of SunEdison, raised $500 million in an initial public offering, marking another step in SunEdison's successful turnaround from struggles two years ago, The New York Times reports.
The Environmental Protection Agency’s rule limiting carbon emissions from existing power plants would threaten energy reliability, drive up costs, is unworkable, and should be withdrawn, 102 members of Congress -- led by Rep. Ed Whitfield, R-Ky. but also including six Democrats –- wrote in a letter to President Obama last week, The Hill reports.
Stiffer rules governing the standards of tank cars carrying crude will force the cargo off the rails and onto the roads, a consultant working with the group that prepared an analysis for the Railway Supply Institute told The Wall Street Journal.
Remarks from Saudi Arabia’s oil minister over the weekend, as well as a cut in output from Libya on renewed fighting and a spate of short-covering ahead of the Christmas holiday period saw oil prices rising early Monday. West Texas Intermediate crude for February delivery was up 55 cents to $57.68 a barrel in electronic trading on the Nymex, while in London Brent jumped $1.59 to $62.97, Bloomberg reports.
Banks will get serious about cleaning up their portfolios in April, which could see a rash of defaults by over-extended drillers assuming there’s no rebound in oil prices, a principal at W L Ross investment firm told FuelFix.
Alberta had planned to revamp its greenhouse gas emissions policy by the end of the year, but the drop in oil prices has moved the provincial government to put off changes to its present carbon charges until June, Bloomberg reports.
NV Energy, which is continuing to deny that its smart meters pose a fire risk, has given more than 1,000 pages of documents to the Nevada Public Utilities Commission, which is investigating the issue, and the utility also has promised to update the firmware on the meters and monitor them closely, the Reno Gazette-Journal reports.
The Federal Aviation Administration is struggling to cope with requests from companies applying to use drones, and in some instances concerns of safety inspectors are being overridden, The Washington Post reports.
Advanced Energy Economy, a business association in California, has provided an analysis that claims some 432,000 people employed in the state are involved in clean energy -– including green power generation, energy conservation and energy efficiency -– the Los Angeles Times reports.