Looking Ahead: My 2019 Renewable Energy Industry Outlook

MARLENE MOTYKA | January 2, 2019 | 73 views

In 2018, the core fundamentals that drove growth in the renewable energy sector included the declining costs of wind and solar generation, advances in battery storage technology and grid operators’ growing expertise and expanding tool set for integrating intermittent renewable power into the grid. And, perhaps most significant, there was robust demand for renewables from most market segments, including utilities, which demonstrated strong “voluntary demand,” as opposed to the demand driven by policy mandates we’ve seen in the past.

Spotlight

Green Earth Energy Photovoltaic

Green Earth Energy is New England’s leading commercial solar company. By guiding our customers through system design, installation and operation, we help businesses and property owners turn sky-high energy costs into savings. We work every day with the towns, municipalities and utilities that will approve and connect your system. In Connecticut, our status as the largest C-PACE integrator means we know how to streamline project financing.

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Slashing Greenhouse Gas Emissions: A Business Perspective!

Article | July 16, 2022

“With Great Power Comes Great Responsibility” – Voltaire (François-Marie Arouet) We, humans, had completely buried this quote until it was brought back to life recently. Business leaders should remember this quote as it perfectly fits into the environmental-business perspective that we are presently facing. If the world has to tackle the problem of climate change or come even close to achieving that goal, businesses and industries will have to play a key role. Almost a quarter, or 23% to be precise, of greenhouse gas emissions in the United States, come directly from industries. This number rises to 29.6% if we combine indirect emissions too. When looking for causes of climate change, the private sector is often linked to. Minimizing your carbon footprint appears to be the year's buzzword, but where can businesses begin with such an ambiguous task? How do we assess progress? Peter Drucker wrote the premise of an answer back in 1954: "What gets measured, gets managed." If a business really wants to become more sustainable, the first step should be to try to understand its current situation and begin tracking its carbon emissions. Measuring carbon emissions is a difficult problem. Major businesses that do not have carbon monitoring and reduction programs have become the exception. Recognizing and measuring CO2 emissions aids in the identification of excessive energy consumption and other inefficiencies. Most of the time, lowering greenhouse gas emissions goes hand in hand with making a business's processes more efficient and cost-effective. Reducing Greenhouse Gas Emissions: What Do Businesses Gain? In addition to the long-term environmental benefits that will help us in saving our planet, organizations can also benefit from the positive impacts of greenhouse gas emission reduction. Some of the top benefits of effective emission management are as follows. Cost Saving When it comes to cost reductions, simply minimizing your energy consumption reduces both your organization's carbon footprint and its operating expenses. According to a 2016 Energy Star report, the owner of Kimberly-Clark Berkley Mill invested $350,000, which generated yearly savings of $160,000 and a rapid return on investment (ROI) of just over one and a half years when LED lighting was installed to replace the fluorescent and HID lighting that was traditionally used. Regulatory Compliance With a 20-fold rise in global climate change regulations since 1997, securing proactive regulatory compliance is much more important than ever in the minds of corporate leadership, public spheres, and stakeholders – and it's only becoming more important. Adopting an effective greenhouse gas emission reduction program, as well as tracking and reporting on progress, is essential for businesses to adopt in order to maintain operations and avoid penalties. Improved External Relations Consumer spending power has an enormous impact on the process of shaping organizational action. In the eyes of the public, the process of committing to responsibility in the domains of broader sustainability and greenhouse gas emissions reduction is a significant credibility boost. When your company takes proactive steps to reduce carbon dioxide and greenhouse gas emissions, the resulting increase in the quality and depth of relationships with potential partners and external business connections is priceless. Enhanced Stakeholder Relationships Along with a stronger relationship with the audience, the influence of transparent sustainability indicators and performance has the potential to strengthen crucial relationships with stakeholders. More investors than ever are shifting capital away from carbon-heavy, secretive businesses and toward companies that have decided to be open, proactive, and honest regarding their greenhouse gas emissions management within the sustainability world and beyond. Emission Sources Defined in Business Operations Within a business's operation chain, emission sources are classified into three categories. These scopes are established so that businesses can trace the source of their greenhouse gas emissions and modify their operations to minimize their carbon footprint. Emission scope is defined as follows: Scope 1 Emission Scope 1 emissions are directly caused by business operations. Organizations with fossil fuel-burning vehicle fleets, for example, are directly liable for carbon emissions by burning those fossil fuels. Scope 2 Emission Scope 2 emissions are caused by an organization purchasing energy (e.g., electricity, heat, or air conditioning) produced by a process that emits greenhouse gases. A scope 2 emission is, for example, electricity generated by burning coal that a business later purchases. Because the company consumes this energy, they must record the emissions generated when it was generated. Scope 3 Emissions Scope 3 emissions are not caused by a company's direct activities. Other entities in a company's value chain are responsible for these emissions. Scope 3 emissions for one organization could be scope 1 and 2 emissions for another. A company that manufactures products, for example, would have scope 3 emissions from a company that eventually disposes of those items. Scope 3 is responsible for most of a company's emissions, accounting for 65% to 95% of a company's carbon footprint. Currently, reporting scope 3 emissions is optional for businesses. Organizations must, however, start tracking their scope 3 emissions since this is where tremendous reductions in carbon emissions can occur. How Are Large Enterprises Measuring and Reducing Their Carbon Footprints? Larger enterprises, like Apple and ExxonMobil, have begun to provide scope 3 emissions data. Other companies are collaborating with their supply chain to build collaborative initiatives among companies to report these emissions. Businesses have begun to cooperate even outside of supply chains. Competitors in the same industry have started to form partnerships to solve the issue of measuring their carbon footprints. Because these organizations often share manufacturers and suppliers, they have decided to deal with the issue together. Other businesses manage environmental sustainability in a different manner.Enterprises in the agriculture industry have pledged to reduce greenhouse gas emissions, recycle, and provide resources and information to smaller agricultural organizations wanting to go green.Many of the world’s leading auto manufacturers help by producing vehicles that are more environmentally friendly and have the better fuel economy. Others are creating alternative-fuel cars or investing in sustainable energy projects. The major retailers, manufacturers, and software companies have all made efforts to reduce their carbon footprint in different ways. Many multinational enterprises are adopting more sustainable business practices, such as using renewable energy and recycled materials in product manufacturing. How Can Small Businesses Seek Help Measuring Their Carbon Footprints? For the time being, many small businesses are finding it difficult to gather data on all these emissions that are beyond their control. According to the BBC, only 10% of more than 1,000 organizations surveyed in the United Kingdom keep track of their carbon footprint. Moreover, one in every five companies does not understand what the term "net-zero" means and a third really hasn't sought any help to make their company more sustainable. Exploring available information on measuring emissions data is the best approach for small businesses to understand more about the ways they can reduce their carbon footprint. The EPA Center for Corporate Climate Leadership includes a wealth of resources to assist small business owners in measuring and reporting their emissions. Business owners can learn how to establish a greenhouse gas inventory, measure their emissions, collaborate with sustainable suppliers, and gather data to develop sustainable solutions. Small businesses can also utilize a carbon footprint calculator to determine the quantity of emissions generated by their activities. Once company owners realize how much carbon they are emitting, they can start to tackle where it is coming from and make the necessary modifications. The most important thing that business owners can do is to always look for ways to improve their business's sustainability. Additional information will be made available to help company owners as they seek guidance on how to minimize their carbon footprint. Best Practices for Companies to Achieve Net Zero and Stay Profitable Transitioning to net zero is such a demanding task that many businesses believe it is impossible to do while retaining profit margins. As a result, many businesses concentrate on low-hanging fruit and short-term alternatives, like offloading emissions onto others by divesting from high-carbon-emitting companies. Businesses, on the other hand, can start by creating a greenhouse gas inventory to monitor their carbon emissions. Here are just a few of the many ways we found that could help your business. Cut Emissions Across the Whole Value Chain For most businesses, the majority of emissions and the possibilities for climate action lie in "scope 3 assets". These aren't owned or managed by the reporting company, but they add to the business's value chain indirectly. Businesses must take action on scope 3 emissions in order to successfully cut emissions. Use Sustainable Web Hosting Services Hosting services are the silent consumers of fossil fuels. Until you host it yourself, your website is most certainly hosted on a data server in a warehouse that runs on fossil fuels. Data servers use a lot of energy since they have to be turned on and kept cool all the time. Renewable Energy Certificates are acquired by sustainable hosting providers in order to claim their renewable energy utilization. Tackle the Root Causes The areas of major emissions are often not the most effective sites for action. It is found that businesses are measuring emissions in order to determine underlying causes, either inside their own processes or anywhere in the value chain. Big tech businesses evaluate power efficiency down to the code level in their AI and cloud implementations and collaborate with chip manufacturers to reduce energy usage in the use of their products. Don’t Automatically Defund High-Carbon Business Investors are often enticed to enhance their portfolio of low-carbon activities merely by rearranging their capital allocation. However, when it comes to really incentivize reduction, a more effective technique is to engage in activities that presently generate high carbon emissions while giving out a clear and urgent roadmap to change. Some activists have realized this idea and are shifting their demands from divestment to a managed shift of high-carbon businesses. Purchase Carbon Offsets Carbon offsets are a type of trade. When you buy an offset, you are contributing to projects that decrease greenhouse gas emissions. A carbon calculator can help you calculate your travel carbon footprint and the monetary cost of those emissions. Remember that carbon offsets do not decrease the quantity of carbon in the atmosphere; rather, they serve as a balancing agent to neutralize the carbon emitted. Carbon offsets could be tax-deductible based on the company from whom you purchase them. Closing Lines Many prominent brands, from Amazon to L'Oréal, have started to make significant investments in renewable energy and commitments to reduce emissions in their freight and logistics operations. Being mindful of how your activities contribute to greenhouse gas emissions can assist you in minimizing your carbon footprint. With the above-mentioned methods under your belt, you will be able to support the environment that we live in a while simultaneously pushing your organization to the next level of success. Don't miss the opportunity to get involved in energy-efficiency and sustainability initiatives for your company because the newest generation of consumers, millennials, have $2.45 trillion in spending power and are eager to spend more on brands that share their values of going green. Frequently Asked Questions What are scope 3 emissions? The Greenhouse Gas Protocol Corporate Standard divides a company's greenhouse gas emissions into three "scopes." Scope 1 emissions are those emitted directly from owned or controlled sources. Scope 2 emissions are those caused by the production of bought energy. Scope 3 emissions encompass all indirect emissions (not included in scope 2) that happen in the reporting company's value chain, both in upstream and downstream emissions. What are product life cycle emissions? All emissions related to the production and utilize a single product, from the cradle to the grave, are referred to as the product life cycle emissions and include emissions from raw materials, manufacturing, transportation, storage, sale, usage, and disposal. How can industries reduce global warming? By implementing passive or sustainable energy-based heating and cooling systems, increasing energy efficiency, and solving other important concerns such as methane leaks, the industry can cut its emissions by 7.3 Gt per year. New food production technologies have the capability to cut emissions by 6.7 Gt per year

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ENERGY, INDUSTRY UPDATES

A vision for renewable energy

Article | July 29, 2022

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

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SOLAR+STORAGE, STRATEGY AND BEST PRACTICES

2020: The Year of Convergence in Corporate Renewables

Article | September 17, 2022

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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2020 Trends That Will Make Waves In The Energy Industry

Article | February 10, 2020

In the renewable world, energy is generated by weather and the amount of energy that can be produced depends on the current conditions. Energy storage can ensure a power supply is maintained when weather conditions are not optimal for generating energy. While energy storage products have already been introduced to all levels of the market there are several technology hurdles to overcome before energy storage will reach maximum potential. We believe there will be great advancements in 2020 on:

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Spotlight

Green Earth Energy Photovoltaic

Green Earth Energy is New England’s leading commercial solar company. By guiding our customers through system design, installation and operation, we help businesses and property owners turn sky-high energy costs into savings. We work every day with the towns, municipalities and utilities that will approve and connect your system. In Connecticut, our status as the largest C-PACE integrator means we know how to streamline project financing.

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SUSTAINABILITY,STRATEGY AND BEST PRACTICES

Leeward Renewable Energy Closes Financing for Big Plain and Oak Trail Solar Projects

Leeward Renewable Energy | November 29, 2022

Leeward Renewable Energy (“LRE” or “Company”) announced that it has closed approximately $420 million in construction to term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility located in London, Ohio and its Oak Trail Solar Facility located near Moyock, North Carolina.MUFG served as the Green Loan Structuring Agent, Coordinating Lead Arranger and Administrative Agent for the construction to term financing, arranging financing commitments from eight financial institutions and Export Development Canada (EDC). The debt was issued under the Green Loan Principles, which aim to facilitate and support environmentally sustainable economic activity. “We are pleased to have secured financing for our Big Plain and Oak Trail projects, marking another significant milestone in the development of our solar energy portfolio, These agreements demonstrate the continued confidence financial institutions hold in our project portfolio and performance as we continue to execute on our contracted 2022 – 2023 pipeline. We appreciate the continued support from each of our participating financial institutions, particularly under terms that help advance and enhance LRE’s own environmental and social initiatives.” -Chris Loehr, Senior Vice President of Finance. MUFG is proud to have partnered with Leeward Renewable Energy on another important project, said Beth Waters, Managing Director, Project Finance, MUFG. Supporting our clients in building sustainable and renewable energy sources is a crucial tenet of our business, and we look forward to working closely with Leeward on future projects. In 2021, Wells Fargo established its Institute for Sustainable Finance, which supports clients and communities to accelerate the transition to an equitable, low‑carbon economy, including the deployment of $500 billion in financing to sustainable businesses and projects by 2030. Approximately $68 billion in sustainable finance was deployed in 2021. We are proud to provide tax equity financing to Leeward for this solar portfolio,” said Samantha Buechner, director in Wells Fargo’s Renewable Energy & Environmental Finance group. “We look forward to continuing to support Leeward and the transition to a low-carbon economy. The Big Plain and Oak Trail Solar facilities are currently under construction and, when completed, will provide a combined 296 megawatts (MW) of renewable energy to Verizon Communications under a long-term power purchase agreement. Both projects are expected to reach commercial operation by mid-2023. About Leeward Renewable Energy, LLC Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states totaling approximately 2,500 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction, spanning over 100 projects. LRE is committed to providing long-term, sustainable energy solutions across all its projects that benefit its community partners while protecting and enhancing the environment. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with $121 billion in net assets (as of December 31, 2021). For more information, visit www.leewardenergy.com.

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STRATEGY AND BEST PRACTICES,INDUSTRY UPDATES

Campbell Enters Into Renewable Energy Agreement With Enel North America to Advance Greenhouse Gas Reduction Targets

Enel North America | November 24, 2022

Campbell Soup Company (NYSE: CPB) and Enel North America announced a 12-year virtual renewable power purchase agreement, supporting Campbell’s goals to reduce greenhouse gas emissions. Through the agreement Campbell will purchase the electricity and the associated renewable energy credits from a 115 megawatt share of Enel’s Seven Cowboy wind project in Oklahoma. The contract is expected to commence in July 2023. “Improving the sustainability of the agriculture and food value chain is important to Campbell,” said Stewart Lindsay, Campbell’s Vice President, Corporate Responsibility and Sustainability. “Reducing emissions is a key part of this work, and the agreement with Enel North America provides a significant step forward in meeting our science-based emissions targets.” The renewable energy credits retained through the agreement will reduce Campbell’s Scope 2 GHG emissions, enabling the company to make substantial progress toward achieving its science-based target to reduce its combined Scope 1 and 2 GHG emissions 42% by fiscal year 2030. Using expected production from Campbell’s portion of the wind project, the renewable electricity is estimated to avoid approximately 191,000 metric tons of CO2 emissions every year, or the equivalent of approximately 29% of Campbell’s fiscal year 2021 combined Scope 1 and 2 emissions. “We are proud to support Campbell’s goal to create a more sustainable food system, This agreement demonstrates how food and beverage companies like Campbell can leverage clean energy solutions to achieve their emissions reduction goals, while also supporting the addition of new renewable energy to the electric grid.” -Paolo Romanacci, head of Enel North America’s renewable energy business, Enel Green Power. Located southwest of Oklahoma City, the Seven Cowboy wind project will have 107 turbines that are expected to generate over 1.3 terawatt hours of energy each year, equivalent to the electricity needs of over 120,000 U.S. households. To learn more about Campbell’s environmental, social, and governance strategy, goals, progress, and recognitions, visit campbellsoupcompany.com/our-impact. About Campbell Soup Company For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, Campbell generated fiscal 2022 net sales of nearly $8.6 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor's 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. About Enel North America Enel North America, part of the Enel Group, is a clean energy leader in North America and is working to electrify the economy and build a net-zero carbon future by decarbonizing energy supply, electrifying transportation, creating resilient grids, and promoting a just, equitable transition. Enel North America serves over 4,500 businesses, utilities, and cities through renewable power generation, demand response, distributed energy resources, smart e-mobility solutions and services, energy trading, advisory and consulting services, and more. Its portfolio includes over 8 GW of utility-scale renewable capacity, 606 MW / 882 MWh of utility-scale energy storage and 63 MW / 145 MWh of distributed energy storage capacity, 4.7 GW of demand response capacity, and 110,000 electric vehicle charging stations. Visit enelnorthamerica.com and follow us on LinkedIn, Twitter, and YouTube to learn more.

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STRATEGY AND BEST PRACTICES,PRODUCTS

Fossibot Launches F2400 Solar Generator with 2400W High-power and Super Fast Charge

Fossibot | November 21, 2022

Fossibot, a portable power station brand from China, is releasing its first solar generator in the US & Japan. Focusing on large capacity, high-power and super fast charging, Fossibot aims to offer a portable and renewable energy solution. The first product Fossibot F2400 is characterized 2048Wh large capacity, 2400W high-power, and super fast charging within 1.5 Hours. From Nov.21st-Dec.5th, Fossibot F2400 is first released on Official website, Amazon Japan and Rakuten Japan.2048Wh High Capacity and 2400W High-power. The Fossibot F2400 comes with a capacity of 2048Wh, which satisfies a family's emergency use for a half day: LED lights, a projector, a laptop, a router, and charging of smartphones. That's enough for family movie time before going to bed. More than home backup power, the Fossibot F2400 is suitable for 8 people's whole day camping out or your RV's one day use(an average RV uses 2.0kWh power per day). With 2400W high output power, the F2400 can power more and higher-power appliances. Super Fast Charging within 1.5 Hours by AC+solar panels All the solar generators of Fossibot adopt bidirectional technology which enables users to recharge the power station super fast. Fossibot F2400 supports AC charging, solar panel charging, and car charging. By AC charging, F2400 can be fully recharged within 2 hours by 1100W AC charge. By AC and 500W max solar panels charge simultaneously, it only takes 1.5 hours to charge from 0%-100% which is over 2x faster compared to similar products on the market. By car charging, it takes 17 hours @12V, 8.5hours @24V. 16 Ports to Power 99% of appliances Fossibot F2400 comes with16 output ports, among them are 6 AC output ports, 4 USB-C ports, 2 USB-A ports, 2 DC5521 ports, 1 cigarette lighter, and a 12V/25A outlet for RV. With a 2400W total AC output, the Fossibot F2400 can power 99% of your home appliance, gadgets and tools, including microwave, projector, electric grill, electric kettles, mini cooler, space heaters, drone, hair dryers, lawn mower, and other appliances. When the total loads exceed 2400W power, the F2400 can continue to power all the loads by decreasing the voltage until the peak power reaches 4600W and the voltage below 78V. Special Designs for Outdoor Convenience Apart from the large capacity and large power, Fossibot also made some special designs for the body. F2400 designed fan covers are dust-proof and prevents ants or flies from entering which may possibly cause short circuit. For the DC and USB ports, Fossibot designed rubber plug covers for daily life water-resistance and dust-proof. On the top of the machine, there is a space for collecting the charging cables to avoid losing them. Availability: Retail Price: $1699 Presale bonus: $200 off+$200 Coupon code, 4-year warranty Final Presale price: $1299 Presale Period: Nov.21st-Dec.5th Shipment: black version: from Dec.6th; Green version: from Dec. 20th Fossibot Official: https://www.fossibot.com/pages/f2400-promotion

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SUSTAINABILITY,STRATEGY AND BEST PRACTICES

Leeward Renewable Energy Closes Financing for Big Plain and Oak Trail Solar Projects

Leeward Renewable Energy | November 29, 2022

Leeward Renewable Energy (“LRE” or “Company”) announced that it has closed approximately $420 million in construction to term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility located in London, Ohio and its Oak Trail Solar Facility located near Moyock, North Carolina.MUFG served as the Green Loan Structuring Agent, Coordinating Lead Arranger and Administrative Agent for the construction to term financing, arranging financing commitments from eight financial institutions and Export Development Canada (EDC). The debt was issued under the Green Loan Principles, which aim to facilitate and support environmentally sustainable economic activity. “We are pleased to have secured financing for our Big Plain and Oak Trail projects, marking another significant milestone in the development of our solar energy portfolio, These agreements demonstrate the continued confidence financial institutions hold in our project portfolio and performance as we continue to execute on our contracted 2022 – 2023 pipeline. We appreciate the continued support from each of our participating financial institutions, particularly under terms that help advance and enhance LRE’s own environmental and social initiatives.” -Chris Loehr, Senior Vice President of Finance. MUFG is proud to have partnered with Leeward Renewable Energy on another important project, said Beth Waters, Managing Director, Project Finance, MUFG. Supporting our clients in building sustainable and renewable energy sources is a crucial tenet of our business, and we look forward to working closely with Leeward on future projects. In 2021, Wells Fargo established its Institute for Sustainable Finance, which supports clients and communities to accelerate the transition to an equitable, low‑carbon economy, including the deployment of $500 billion in financing to sustainable businesses and projects by 2030. Approximately $68 billion in sustainable finance was deployed in 2021. We are proud to provide tax equity financing to Leeward for this solar portfolio,” said Samantha Buechner, director in Wells Fargo’s Renewable Energy & Environmental Finance group. “We look forward to continuing to support Leeward and the transition to a low-carbon economy. The Big Plain and Oak Trail Solar facilities are currently under construction and, when completed, will provide a combined 296 megawatts (MW) of renewable energy to Verizon Communications under a long-term power purchase agreement. Both projects are expected to reach commercial operation by mid-2023. About Leeward Renewable Energy, LLC Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states totaling approximately 2,500 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction, spanning over 100 projects. LRE is committed to providing long-term, sustainable energy solutions across all its projects that benefit its community partners while protecting and enhancing the environment. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with $121 billion in net assets (as of December 31, 2021). For more information, visit www.leewardenergy.com.

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STRATEGY AND BEST PRACTICES,INDUSTRY UPDATES

Campbell Enters Into Renewable Energy Agreement With Enel North America to Advance Greenhouse Gas Reduction Targets

Enel North America | November 24, 2022

Campbell Soup Company (NYSE: CPB) and Enel North America announced a 12-year virtual renewable power purchase agreement, supporting Campbell’s goals to reduce greenhouse gas emissions. Through the agreement Campbell will purchase the electricity and the associated renewable energy credits from a 115 megawatt share of Enel’s Seven Cowboy wind project in Oklahoma. The contract is expected to commence in July 2023. “Improving the sustainability of the agriculture and food value chain is important to Campbell,” said Stewart Lindsay, Campbell’s Vice President, Corporate Responsibility and Sustainability. “Reducing emissions is a key part of this work, and the agreement with Enel North America provides a significant step forward in meeting our science-based emissions targets.” The renewable energy credits retained through the agreement will reduce Campbell’s Scope 2 GHG emissions, enabling the company to make substantial progress toward achieving its science-based target to reduce its combined Scope 1 and 2 GHG emissions 42% by fiscal year 2030. Using expected production from Campbell’s portion of the wind project, the renewable electricity is estimated to avoid approximately 191,000 metric tons of CO2 emissions every year, or the equivalent of approximately 29% of Campbell’s fiscal year 2021 combined Scope 1 and 2 emissions. “We are proud to support Campbell’s goal to create a more sustainable food system, This agreement demonstrates how food and beverage companies like Campbell can leverage clean energy solutions to achieve their emissions reduction goals, while also supporting the addition of new renewable energy to the electric grid.” -Paolo Romanacci, head of Enel North America’s renewable energy business, Enel Green Power. Located southwest of Oklahoma City, the Seven Cowboy wind project will have 107 turbines that are expected to generate over 1.3 terawatt hours of energy each year, equivalent to the electricity needs of over 120,000 U.S. households. To learn more about Campbell’s environmental, social, and governance strategy, goals, progress, and recognitions, visit campbellsoupcompany.com/our-impact. About Campbell Soup Company For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, Campbell generated fiscal 2022 net sales of nearly $8.6 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor's 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. About Enel North America Enel North America, part of the Enel Group, is a clean energy leader in North America and is working to electrify the economy and build a net-zero carbon future by decarbonizing energy supply, electrifying transportation, creating resilient grids, and promoting a just, equitable transition. Enel North America serves over 4,500 businesses, utilities, and cities through renewable power generation, demand response, distributed energy resources, smart e-mobility solutions and services, energy trading, advisory and consulting services, and more. Its portfolio includes over 8 GW of utility-scale renewable capacity, 606 MW / 882 MWh of utility-scale energy storage and 63 MW / 145 MWh of distributed energy storage capacity, 4.7 GW of demand response capacity, and 110,000 electric vehicle charging stations. Visit enelnorthamerica.com and follow us on LinkedIn, Twitter, and YouTube to learn more.

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STRATEGY AND BEST PRACTICES,PRODUCTS

Fossibot Launches F2400 Solar Generator with 2400W High-power and Super Fast Charge

Fossibot | November 21, 2022

Fossibot, a portable power station brand from China, is releasing its first solar generator in the US & Japan. Focusing on large capacity, high-power and super fast charging, Fossibot aims to offer a portable and renewable energy solution. The first product Fossibot F2400 is characterized 2048Wh large capacity, 2400W high-power, and super fast charging within 1.5 Hours. From Nov.21st-Dec.5th, Fossibot F2400 is first released on Official website, Amazon Japan and Rakuten Japan.2048Wh High Capacity and 2400W High-power. The Fossibot F2400 comes with a capacity of 2048Wh, which satisfies a family's emergency use for a half day: LED lights, a projector, a laptop, a router, and charging of smartphones. That's enough for family movie time before going to bed. More than home backup power, the Fossibot F2400 is suitable for 8 people's whole day camping out or your RV's one day use(an average RV uses 2.0kWh power per day). With 2400W high output power, the F2400 can power more and higher-power appliances. Super Fast Charging within 1.5 Hours by AC+solar panels All the solar generators of Fossibot adopt bidirectional technology which enables users to recharge the power station super fast. Fossibot F2400 supports AC charging, solar panel charging, and car charging. By AC charging, F2400 can be fully recharged within 2 hours by 1100W AC charge. By AC and 500W max solar panels charge simultaneously, it only takes 1.5 hours to charge from 0%-100% which is over 2x faster compared to similar products on the market. By car charging, it takes 17 hours @12V, 8.5hours @24V. 16 Ports to Power 99% of appliances Fossibot F2400 comes with16 output ports, among them are 6 AC output ports, 4 USB-C ports, 2 USB-A ports, 2 DC5521 ports, 1 cigarette lighter, and a 12V/25A outlet for RV. With a 2400W total AC output, the Fossibot F2400 can power 99% of your home appliance, gadgets and tools, including microwave, projector, electric grill, electric kettles, mini cooler, space heaters, drone, hair dryers, lawn mower, and other appliances. When the total loads exceed 2400W power, the F2400 can continue to power all the loads by decreasing the voltage until the peak power reaches 4600W and the voltage below 78V. Special Designs for Outdoor Convenience Apart from the large capacity and large power, Fossibot also made some special designs for the body. F2400 designed fan covers are dust-proof and prevents ants or flies from entering which may possibly cause short circuit. For the DC and USB ports, Fossibot designed rubber plug covers for daily life water-resistance and dust-proof. On the top of the machine, there is a space for collecting the charging cables to avoid losing them. Availability: Retail Price: $1699 Presale bonus: $200 off+$200 Coupon code, 4-year warranty Final Presale price: $1299 Presale Period: Nov.21st-Dec.5th Shipment: black version: from Dec.6th; Green version: from Dec. 20th Fossibot Official: https://www.fossibot.com/pages/f2400-promotion

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