3 Top Renewable-Energy Stocks to Watch

The Motley Fool | April 28, 2019

2019 has so far been a great year for renewable-energy stocks. Rising energy demand coupled with lower interest rates has helped many stocks in this industry recover from less than stellar performances in 2018. With the outlook for renewable energy looking great today, we asked three of our Fool contributors to each highlight a stock investors should have on their radar right now. Here's what they had to say about Enviva Partners (NYSE:EVA), Pattern Energy Group (NASDAQ:PEGI) and TPI Composites (NASDAQ:TPIC).

Spotlight

Pursuant to Title 30 Code of Federal Regulations (CFR) Part 585, the Bureau of Ocean Energy Management (BOEM) has regulatory authority over offshore energy development including conventional oil and gas exploration and production, and renewable energy production from wind, waves, and currents. BOEM must comply with the National Environmental Policy Act (NEPA) prior to approving a lessee’s construction and operation plan for a wind or other renewable energy production project on the Outer Continental Shelf (OCS). NEPA analyses (Environmental Assessments [EAs] or Environmental Impact Statements [EISs]) typically focus on adverse impacts to the environment. However, NEPA analyses also need to include environmental and socioeconomic benefits analyses.

Spotlight

Pursuant to Title 30 Code of Federal Regulations (CFR) Part 585, the Bureau of Ocean Energy Management (BOEM) has regulatory authority over offshore energy development including conventional oil and gas exploration and production, and renewable energy production from wind, waves, and currents. BOEM must comply with the National Environmental Policy Act (NEPA) prior to approving a lessee’s construction and operation plan for a wind or other renewable energy production project on the Outer Continental Shelf (OCS). NEPA analyses (Environmental Assessments [EAs] or Environmental Impact Statements [EISs]) typically focus on adverse impacts to the environment. However, NEPA analyses also need to include environmental and socioeconomic benefits analyses.

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SOLAR+STORAGE

EDP Renewables, Facebook, and Salt River Project's Partnership Brings a New Solar Park to Arizona

EDP Renewables | August 13, 2021

EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Salt River Project (SRP) have executed a 25-year power purchase agreement (PPA) for 200 megawatts (MW) at the Randolph Solar Park in Pinal County, located in south-central Arizona. This announcement expands on the communication issued on July 27, 2021. The 200-MW Randolph Solar Park is expected to be operational in 2023 and will provide economic benefits to the local project communities and state of Arizona by way of payments to local landowners and governments, job opportunities during construction and operations, and an increase in money spent at local businesses in the vicinity of the solar park. Randolph will also generate enough electricity to annually power more than 49,000 average Arizona homes and will save approximately 355 million gallons of water a year. SRP’s investment in the Randolph Solar Park is part of the utility’s expanded commitment to add 2,025 MW of utility-scale solar resources to its power system by 2025 and serve customer energy needs with renewable energy. The entire capacity of the Randolph Solar Park will be dedicated to supporting Facebook's newly announced data center in Mesa, Arizona, and to help meet the company’s renewable energy commitments. “We enjoy working with partners who share our sustainability vision, and we are happy to work with EDP Renewables to support Facebook’s new data center with renewable solar energy,” said Kelly Barr, SRP’s Chief Strategy, Corporate Services and Sustainability Executive. “All organizations involved in this effort are jointly reducing carbon emissions in Arizona and setting a precedent for a green energy future.” “We are excited to partner with SRP and EDP Renewables to bring new solar energy resources to the Arizona grid. Access to renewable energy and a strong grid were an important part of our decision to build in Mesa,” said Urvi Parekh, Facebook’s Head of Renewable Energy. “Facebook is committed to having a positive impact on local communities, and we’re excited to help bring this additional investment and jobs to the area.” Randolph is EDP Renewables’ second solar project in Arizona, joining the company’s 158-MW Sun Streams Solar Park in Maricopa County, which EDP Renewables acquired in 2019 and now owns and operates. Randolph is EDP Renewables’ first greenfield development project to execute a PPA in the state, and the company will continue its efforts to add more to its portfolio in Arizona in the coming years. “Arizona has an abundance of opportunities in the solar space, and this transaction allows EDP Renewables to expand our presence in this growing market,” said Miguel Prado, EDP Renewables North America CEO. “We are eager to break ground next year on this project, which will provide an economic boost to the local economy and sustainable, reliable energy to Arizonians.” About EDP Renewables North America EDP Renewables North America LLC (EDPR NA), its affiliates, and its subsidiaries develop, construct, own, and operate wind farms and solar parks throughout North America. Headquartered in Houston, Texas, with 58 wind farms, eight solar parks, and seven regional offices across North America, EDPR NA has developed more than 8,300 megawatts (MW) and operates more than 8,000 MW of onshore utility-scale renewable energy projects. With more than 800 employees, EDPR NA’s highly qualified team has a proven capacity to execute projects across the continent.

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ENERGY

AppGuard Launches Zero Trust Incident Response Initiative for Endpoints to Address Similar Threats to the SolarWinds Breach Mitigation

AppGuard | January 20, 2021

It has been reported that the highly sophisticated breach of SolarWinds and the cyberattack that was spread through its Orion platform has impacted an estimated 18,000 customers and went undetected for months. "We must come together to defend against an attack of this magnitude" says Brody Ehrlich, AppGuard Chief Operating Officer. "The damage done to governmental agencies and enterprises is not fully recoverable and this type of threat is repeatable for the next group to emulate, whether it uses SolarWinds or another widely used application. AppGuard's software is uniquely positioned to assist cyber defense solutions providers because we can implement specific protections designed to mitigate threats of this type, even in cases where it goes undetected for a period of time." AppGuard is pleased to announce a rapid response offering developed to be deployed by our trusted partners and incident response teams, to assist in mitigating this threat and others like it. We expect that governmental agencies, healthcare providers, and enterprises within the government supply chains are at highest risk and will bear the brunt of future attacks of this nature. "Traditional cyber technologies and solutions such as EDRs, Next Generation AV (NGAV), White Listing/Application controls could neither identify nor contain the compromise. This is common of tools that seek to diagnose the threat instead of defending the risk points. AppGuard's zero-trust defense prevents and contains compromises to systems and infrastructure," adds Fatih Comlekoglu, the Chief Technology Officer and inventor of the AppGuard technology. "This SolarWinds exploit and breach shows us why having a Zero Trust solution in place to protect your endpoints and servers is more critical than ever before. AppGuard's patented controls give organizations a way to adopt zero trust policies faster than any other solution" said Kristen McFadden Gandhi, Global SVP of Product at AppGuard. "With AppGuard's autonomous policy engine in place, customers can make use of SolarWinds functions while protecting themselves from the dangerous processes spawned by the malicious code. We already have some customers doing so now."

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SOLAR+STORAGE

Casino Group and GreenYellow announce strategic collaboration on energy and cloud with Amazon Web Services

GreenYellow | December 22, 2021

Casino Group and Amazon Web Services agreed to a strategic collaboration to aid each company’s sustainability goals. Casino Group, through its energy subsidiary GreenYellow, which is a major international player in decentralized solar power generation and energy efficiency, is pleased to announce it agreed to a Corporate Power Purchase Agreement (PPA) with Amazon for a new utility-scale solar project in France. The deal highlights GreenYellow’s ability to provide renewable energy for the power needs of large companies operating in France. The companies will continue to evaluate other renewable projects in France and across Europe. The renewable electricity purchased under the PPA will help support Amazon’s commitment to power its global operations with 100% renewable energy as part of its Climate Pledge commitment to reach net-zero carbon by 2040—10 years ahead of the Paris Agreement. Under this collaboration, Casino Group and its subsidiary GreenYellow will benefit from AWS Cloud services fueled with green energy. AWS will also work with RelevanC, the Group’s subsidiary specializing in data marketing solutions, to develop algorithms to further enhance customer experience. Casino Group once again demonstrates its ability to partner with the best players in each sector to pursue its digital transformation. It is consolidating its collaboration with Amazon around three essential axis: energy with GreenYellow which supports major players in meeting their sustainability goals, the digitalization, of its IT architecture in particular, and algorithms developed to enhance customer experience." Jean-Charles NAOURI, CEO of Casino Group GreenYellow is pleased to support sustainability goals’ AWS through a first CPPA that provides an environmentally friendly energy production coupled with an innovative solution. This collaboration confirms the relevance of our global and unique platform and skills dedicated to the energy transition and reinforces the acceleration of GreenYellow's development strategy.” Otmane HAJJI, President of GreenYellow.

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