An Introduction to the State of Wind Power in the U.S.

EcoWatch | October 08, 2019

Advances in technology, improved economics and broad political support are making wind power a formidable twenty-first century energy resource. Top-ranking Denmark draws 41% of its electricity from wind; Ireland follows with 28%; the European Union as a whole gets 14% of its power from wind. America's wind farms currently produce 6.6% of the nation's electricity. As a share of total power generation, that may sound relatively modest, but the U.S. ranks second only to China in the quantity of power-generating capacity that comes from wind. Moreover, the U.S. has scarcely begun to tap its vast wind power potential. On land, U.S. wind resources are capable of yielding about nine times the nation's power needs. Offshore wind – wholly unexploited to date – could meet nearly twice the nation's electricity demand. Looking ahead, the Department of Energy has prepared a scenario for 35% wind reliance by 2050. While that level of wind generation sounds like major progress, it may be substantially less than is needed for renewable energy resources to be the primary drivers of a net-zero carbon U.S. economy.

Spotlight

Businesses are struggling with rising energy costs and looking for ways to cut their bottom line without upfront expenditure. One of the quickest and easiest ways for a business to create savings and improve its environmental impact is by utilizing a Power Purchase Agreement, or PPA, to install a solar array on its property. SCF is one of the only companies that offer commercial and industrial-scale PPA financing. By automating significant portions of the underwriting & development process and creating a foundation of engineering, development, procurement, and construction partners, SCF is an industry leader in C&I solar financing.

Spotlight

Businesses are struggling with rising energy costs and looking for ways to cut their bottom line without upfront expenditure. One of the quickest and easiest ways for a business to create savings and improve its environmental impact is by utilizing a Power Purchase Agreement, or PPA, to install a solar array on its property. SCF is one of the only companies that offer commercial and industrial-scale PPA financing. By automating significant portions of the underwriting & development process and creating a foundation of engineering, development, procurement, and construction partners, SCF is an industry leader in C&I solar financing.

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ENERGY

Jabil Teams with SolarEdge to Advance Smart Energy Technology

Jabil | June 22, 2022

Jabil (NYSE: JBL) announced that it is teaming up with SolarEdge, a global leader in smart energy technology, to help change how power is harvested and managed in photovoltaic (PV) systems. A shared focus on manufacturing excellence and automation has led to the installation of more than 2.5 million intelligent power inverters and more than 60 million power optimizers in over 130 countries across five continents, “We produce tens of millions of products every year, so high-volume, high-quality manufacturing is our lifeline to meeting aggressive growth demands and unrelenting product quality expectations, That is not an easy challenge for any manufacturer, but Jabil has delivered on our expectations during the ups and downs, and most challenging times. Because we are similar in attitude and company culture, we focus on execution and accomplish what we set out to do.” -Zvi Lando, CEO of SolarEdge Technologies. SolarEdge’s unwavering customer commitment has propelled the company to market leadership across its primary markets, comprising residential, commercial, industrial and utility sectors. The result is a steady stream of different products for residential and commercial customers, as well as continuous product modifications to meet emerging regulations around the world. Overall, SolarEdge’s products are quite complex to build, especially in such large volumes, some of which are made in quantities more commonly associated with consumer electronics and cellphone production. Rigorous quality requirements demand fastidious tracking of every production step to identify any potential reliability issues or possible product defects, which are critical factors when building products with extended warranties. “We’ve done tremendous things together to create an optimum manufacturing environment,” said Scott Gebicke, Senior Vice President, Industrial Division, Jabil. “We deployed an automated solution that enables Jabil to operate in the leanest and most efficient way possible while decreasing manufacturing time by almost 50%. This makes a big difference when you’re making tens of thousands of products each week, if not millions in a month.” Creating an Optimal Manufacturing Environment Jabil and SolarEdge collaborate on all aspects of production, encompassing design for manufacturing, supply chain management, as well as manufacturing automation and scalability. To keep pace with SolarEdge’s aggressive market ramps, Jabil devised a dual-site strategy, mirroring its massive China production facility with a secondary site in Vietnam. In addition, the development of a multi-level vertical testing facility reduces the resources and floor space needed for product curing and testing while complete product traceability is aligned with stringent quality demands. Minimizing Supply Chain Disruptions Jabil also provides global supply chain assistance in every region supported by SolarEdge, with meticulous attention on each material and component needed for manufacturing. During the pandemic-related disruptions, Jabil leveraged its digital supply chain intelligence to forecast long-lead items, submit pre-orders and identify alternate suppliers when faced with component shortages. As raw material shortages, logistical challenges and factory closures intensified, Jabil qualified new components, modified product designs and moved production into different locations to mitigate the impact. Driving the Green Energy Revolution Together, Jabil and SolarEdge continue to combat the global climate crisis through the delivery of industry-leading solutions that maximize power generation while lowering energy costs. As SolarEdge evolves its product roadmap, Jabil keeps stride to support the introduction of new product offerings, from energy storage and backup to battery systems and uninterrupted power supply solutions. The addition of more intelligence to SolarEdge's products enables homeowners to manage solar energy production, consumption and backup storage in real time. Every step of the way, Jabil is there to bring SolarEdge’s new products to market quickly, efficiently and economically. Supporting Quotes and Resources “We are sure that Jabil will be with us through our journey to the next era. They have been with us hand-in-hand for more than 10 years, and they will be with us for the next 10 years, which is very important to us. That’s kind of the magic, the secret sauce that works between our two companies.” -Uri Bechor, COO, SolarEdge Bill Mitchell, Senior Business Unit Director, Power & Storage Sector, Jabil Industrial: “There’s a continuous engineering effort on both sides to put out the best performing, competitively priced products. The value that Jabil brings to SolarEdge is excellence in execution of manufacturing and being hyper-focused on quality and cost.” About Jabil: Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.

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SOLAR+STORAGE

Wallbox Collaborates with Iberdrola to Use 100% Renewable Energy in its New Barcelona Plant and Offices

Wallbox | April 26, 2021

Wallbox and Iberdrola have signed a long-term on-site Power Purchase Agreement (PPA) to produce, use, and reuse 100% of the renewable energy generated at its Zona Franca plant and offices in Barcelona. Iberdrola's investment in the photovoltaic installation would enable Wallbox to save money on green energy production and usage from the start. In this way, the energy provider emphasizes renewables' sustainability through bilateral contracts that encourage energy production at competitive and stable rates with broad customers dedicated to sustainable consumption. Wallbox will achieve its target of operating in these facilities with energy autonomy while still reducing its carbon footprint, placing it at the forefront of efficient energy management by focusing primarily on solar energy. The Wallbox factory in Barcelona's Zona Franca will be outfitted with photovoltaic solar panels that will generate 1,500 MWh/year for self-consumption of these facilities and offices, which is equal to the consumption of 500 households. Installation at the offices will begin at the end of April and will be finished by the end of June, enabling the photovoltaic system to be operational at the start of the second half of the year. About Wallbox Wallbox is a leading energy management firm that develops intelligent charging solutions for electric cars. Wallbox builds a smart ecosystem that transforms the way we manage, consume, and store energy by combining cutting-edge technologies with excellent design. Wallbox, which was established in 2015 and has its headquarters in Barcelona, has the goal of facilitating the use of electric cars today to enable more efficient use of energy tomorrow. Wallbox's technology, which envisions an environment free of fossil fuels, allows people to create, use, and exchange renewable energy in ways they never considered possible. Wallbox now exports to over 60 countries and employs 400 people in offices across Europe, Asia, and the Americas, as well as two of its factories. Wallbox provides four chargers, including Quasar, the world's first bi-directional home charger with innovative bi-directional charging technology, which received the top award at CES, the world's leading industrial technology show.

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SOLAR+STORAGE

Capital Dynamics Signs of a Long-Term 150MW Solar Energy Power Purchase Agreement (PPA) with Hoosier Energy

Capital Dynamics | February 23, 2021

Capital Dynamics CEI, the Clean Energy Infrastructure (CEI) business line of Capital Dynamics, a free worldwide private resource the board firm, and Hoosier Energy, an age and transmission helpful, today announced the marking of a drawn out Power Purchase Agreement (PPA). Under the conditions of the PPA, Hoosier Energy will buy 150-megawatts (MW) of the force created by the Ratts 2 Solar Project, a CEI-claimed greenfield solar task that is as of now being created in Knox County, Indiana. Arevon Energy Management and Tenaska are co-building up this task and were instrumental in getting and arranging the provisions of the PPA. Development is relied upon to start in 2022 with business activity foreseen in 2023. "Hoosier Energy's PPA with Capital Dynamics is an important step toward achieving our long-range plan of adding diverse projects to our energy portfolio that focus on lowering costs for our members and reducing our carbon footprint," said Hoosier Energy President and CEO Donna Walker. "We are extremely pleased that Knox County has been so supportive of the Ratts 2 Solar Project and are grateful for their partnership," said Martin Hahn, CEO of Capital Dynamics. "This project will bring jobs, tax revenue, landowner lease payments and a wide range of additional economic benefits to Knox County. We are looking forward to working with the county and the teams at Arevon Energy Management and Tenaska to bring affordable, clean energy to this community." "Arevon Energy Management was pleased to play an instrumental role in structuring this agreement so that Hoosier Energy can benefit from cost savings and achieve its carbon emissions reduction goal," said Tiago Sabino Dias, President and CEO of Arevon Energy Management. "Hoosier Energy has been a long-time partner and we applaud their efforts to improve their generation mix that will offer energy savings and reliability to their members." "It's gratifying to see utilities like Hoosier Energy realize the environmental and cost benefits of renewables and take swift action to add more renewables to their generation mix," said Steve Johnson, senior vice president in Tenaska's Strategic Development & Acquisitions Group. "The Tenaska Solar Ventures team looks forward to working with Capital Dynamics to complete development and bring this project to fruition." The Knox County Council collectively affirmed the financial improvement arrangement for the Ratts 2 Solar Project In October 2020. The area likewise settled a solar mandate to direct certain specialized parts of the venture. Under the arrangement, the task will pay $2.5 million in financial improvement installments to Knox County over a six-year time span. Ratts 2 is required to contribute an expected $16 million in expense income over the task life. As indicated by a financial examination led by Gnarly Tree Sustainability Institute, the Ratts 2 Solar Project is assessed to contribute $20.9 million to the Knox County Gross Domestic Product (GDP) during development and $941,000 yearly once the solar venture is operational. It will bring 188 full-time development occupations, all day tasks and upkeep work, and yearly uses on merchandise in overabundance of $363,000 over the venture's normal 35-year life expectancy. The venture will likewise pay an expected $1 million rent installments every year to neighborhood landowners. About Capital Dynamics Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit and clean energy infrastructure. Capital Dynamics' Clean Energy Infrastructure is one of the largest renewable energy investment managers in the world with USD 6.6 billion AUM1 and has one of the longest track records in the industry. The CEI strategy was established to capture attractive investment opportunities in the largest and fastest-growing sector of global infrastructure – proven renewable energy technologies, primarily in North America and Europe, across solar, onshore wind, energy storage and related infrastructure with a focus on both utility-scale and distributed generation technologies. The CEI platform's fully-integrated asset management affiliate provides highly-specialized services to ensure optimal performance and value from projects.

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