7 for 2017: Global Energy Market Trends

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The global energy landscape continues to evolve, sometimes by the nanosecond. As this landscape shifts, the effects often can be felt across multiple departments and stakeholders in multiple geographies. This paper explores a few of the key global trends influencing the energy landscape to make 2017 an interesting year.

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NEXTracker, Inc

NEXTracker™ advances the power plant of the future with flexible solar tracker and storage innovations that empower solar power plants of all sizes to increase performance and reduce costs. Globally recognized for delivering the most advanced PV system solutions for over 10 GW of projects across five continents, NEXTracker is one of the fastest growing clean technology companies in solar today. Power on with us at nextracker.com and follow us on Twitter @NEXTracker.

OTHER ARTICLES

2020: The Year of Convergence in Corporate Renewables

Article | February 10, 2020

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

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RENEWABLE ENERGY: IMPACT OF COVID-19 ON PROJECT SPECIFIC INSURANCE

Article | February 10, 2020

We are certain that everyone involved in renewable energy projects are thinking about the impact Covid-19 will have on your projects being planned, built or operated. The following blog is not to be used as a full guideline, but rather an overview of our perspective on the situation. With the global Covid-19 escalation, it is likely that both the developers and the OEM’s are thinking “what impact will Covid-19 have on the completion of my project” and “can I still meet my PPA deadline?’ The first question to consider is whether a delay caused by a Force Majeure event insurable? The short answer is that no, a delay in this scenario would not be covered. Insurance is about Physical Damage to the subject matter insured, which is the Works. An outbreak of Covid-19 is not a Physical Damage event.

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Recognizing and solving challenges in renewable energy land usage

Article | February 10, 2020

As anyone familiar with the saga of the Spotsylvania solar project knows, an inherent difficulty in developing renewable energy projects comes in finding the right project location, both in terms of size and siting. This is one of the topics analyzed in a new report released by The Brookings Institute: “Renewables, land use, and local opposition in the United States.” It’s a hard fact that renewable generation uses more land than fossil fuel systems, with solar having slightly lower median land use than both on- and offshore-wind, despite a large variance in total land density values. While this presents an issue for renewable developers, the silver lining is that renewable energy can be sustained indefinitely on the same land base, while mines and wells will eventually run out. As a solution, the study recommends greater development on brownfields, as well as floating PV, though the authors do recognize the capped potential of floating PV at around 10% of current U.S. electricity generation.

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Renewable Fuels Will Help Pave the Way to a 100% Renewable Energy

Article | February 10, 2020

The need to reduce carbon emissions is real. In 2018, the International Panel on Climate Change (IPCC) reported that global emissions would need to reach net-zero (or carbon-neutral) by 2050 to prevent severe climate change impacts. Electricity is a major contributor—electricity generation was responsible for approximately 33% of total CO2 emissions in the U.S. in 2018. Electric utilities stand to play a critical role in reducing carbon emissions. Many are up to the task of decarbonizing their operations and supplying carbon-free or carbon-neutral energy to their customers.

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Spotlight

NEXTracker, Inc

NEXTracker™ advances the power plant of the future with flexible solar tracker and storage innovations that empower solar power plants of all sizes to increase performance and reduce costs. Globally recognized for delivering the most advanced PV system solutions for over 10 GW of projects across five continents, NEXTracker is one of the fastest growing clean technology companies in solar today. Power on with us at nextracker.com and follow us on Twitter @NEXTracker.

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