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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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Here’s how the Fed’s rate cut helps homeowners go solar

Baua Electric

Photo by Cindy Shebley on Pexels.com The Federal Reserve cut interest rates yesterday, and while it’s meant to support the broader economy, here’s how it helps homeowners go solar. But now, the Fed’s September rate cut – combined with dropping installation costs – makes going solar even more attractive.

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AMPLY Power and Duke Energy Sustainable Solutions collaborate on bus fleet electrification and solar-powered overhead charging

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AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount.

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The Economics of Solar Energy: Is It Worth the Investment?

Baua Electric

As solar energy becomes more popular, many people wonder whether investing in solar panels is truly worth it. While solar power promises clean and renewable energy, the financial side of things is a key factor for homeowners and businesses. Studies show that installing solar can increase the value of a home by 4–6%.

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DOE awards $56M to 21 concentrating solar power projects; $8M for reducing soft costs of rooftop PV systems

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The US Department of Energy (DOE) will award $56 million over three years—subject to congressional appropriations—for 21 total projects to further advance advanced concentrating solar power technologies (CSP). CSP awards. These systems can be combined with existing fossil-fuel plants to allow for flexible power generation.

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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.

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SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

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SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. MW of solar generation capacity. MW of solar generation capacity.

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