ADVANCING INVESTMENT IN OFFSHORE WIND

| May 30, 2018

article image
The Business Network for Offshore Wind works to support the development and growth of the U.S. offshore wind supply chain. The Network reacts to existing offshore wind projects’ challenges and preempts potential bottlenecks or risks that could threaten or delay the development of the offshore wind industry supply chain. The U.S. now has a growing pipeline of deployable offshore wind projects totaling 5-8GW, and the U.S. has scale in its demand to replace old power generation with new clean forms of electricity. The U.S. is poised to accelerate its nascent offshore wind sector to become a major national industry. The U.S. has many advantages: the technology is proven and already exists; the market size is inherent to produce economies of scale; and offshore wind policies are emerging, both federal and some state. The building blocks are in place but finance is the important ‘mortar’ needed to build this industry. For this reason, in April 2018, the Network in partnership with Société Générale, assembled offshore wind experts to start taking a deeper look at the needs of the finance industry in order to learn if the case for investment into the U.S. offshore wind sector could be improved, and if so, how

Spotlight

ClarineT

ClarineT is a Private Service Company focused on consultancy, design, technical services and training for Oil & Gas, Petrochemical, Power and Industrial sectors. The Company was established in 2007, capitalizing on managerial, technical and commercial experience of founding partners, the Company is today committed to offer value added services and expertise to its Customers and to support them to carry-out their projects, to erect, commission and operate their plants and facilities.

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.

Read More

What the Renewables Industry Wants From the Next Stimulus Bill

Article | February 10, 2020

The U.S. renewables industry was left out of the $2.2 trillion coronavirus stimulus bill passed last week, but the battle is far from over. Congress is already considering further legislation to rescue the economy from the ravages of the COVID-19 pandemic, and renewable energy groups are ready to bring their proposals back to the table. As with the last stimulus bill, the industry's plans center on securing changes to two federal policies: the Investment Tax Credit (ITC) for solar power and the Production Tax Credit (PTC) for wind power. Renewables groups have a powerful claim to make as they push for those changes: Unlike many of the industries seeking hundreds of billions of dollars in collective aid, the desired tweaks to the renewable tax credits would not add significantly to the federal government's costs.

Read More

What It Really Means When Google and Apple Say They Run on 100% Renewable Energy

Article | February 10, 2020

Apple, Amazon, Google, Facebook, and Microsoft — the five companies that arguably make up “big tech” — say they are either already powered by 100% renewable energy or are close to getting there. Together these companies own and operate more than a hundred data centers (each the size of multiple football fields), close to a thousand offices, and countless other buildings, making them some of the most power-hungry companies in the world. Given this, running on 100% renewable energy is a significant achievement. But there are plenty of critics who argue that these claims are misleading. Some say carbon offsets might do more to assuage guilt than they do to help the environment. To understand where these arguments come from, let’s start with the basics.

Read More

8 Reasons Why Right Now Is A Great Time To Go Solar

Article | February 10, 2020

The impacts of the coronavirus COVID-19 are being increasingly felt throughout the country, but the usual bills – including electricity bills – keep rolling in. There’s a lot that really sucks financially-speaking at the moment, but there are some bright spots. Here’s why now is a particularly good time to be considering going solar. But there’s a sure-fire way to get a great return on your cash and that is acquiring a good quality, professionally installed solar power system. Try our new solar calculator – the estimated payback and returns might make your eyes pop. For example, the following are estimated simple payback periods and savings over ten years for a 6.6kW solar system costing $6,600 installed in the various capitals; using the calculator’s default settings:

Read More

Spotlight

ClarineT

ClarineT is a Private Service Company focused on consultancy, design, technical services and training for Oil & Gas, Petrochemical, Power and Industrial sectors. The Company was established in 2007, capitalizing on managerial, technical and commercial experience of founding partners, the Company is today committed to offer value added services and expertise to its Customers and to support them to carry-out their projects, to erect, commission and operate their plants and facilities.

Events