New Hampshire, USA — New statistics from the National Renewable Energy Laboratory (NREL) reveal exactly how much land is needed to site a solar plant of various sizes and technologies, based on actual plants and projects and not models or projections. The takeway: your mileage may vary.
NREL’s previous estimates and calculations of solar energy’s land-use requirements, published several years ago, suggested that it could meet the U.S.’ total electric demand (circa 2005 levels) with a footprint of about 0.6 percent of the nation’s total land area, or somewhere around 14-15 million acres.
Now, though, NREL has pooled data from more than two-thirds (72 percent) of solar photovoltaic (PV) and concentrated solar thermal (CSP) power plants already installed or being built across the country, as of 3Q12 data from SEIA: 2.1 GW (AC) of generation capacity and 4.6 GW (AC) under construction. Not surprisingly, they determined the required footprint varies widely depending what solar energy technology is applied, weighing between and how one calculates the “direct impact” (physical infrastructure development) vs. “total” area impacted including the surrounding land.
Written by James Montgomery. To read the full article, click here.
Hydropower accounts for more electricity production than solar, wind, and geothermal combined, but gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. Still, hydropower will likely continue its leading role as the world’s most important producer of renewable electricity until well into the next decade.
This is the 2nd installment in a series that looks at the recently released 2013 BP Statistical Review of World Energy. The previous post – Renewable Energy Status Update 2013 – focused mainly on wind and solar power. This post delves into hydropower and geothermal power. Some of the BP data is supplemented by REN21′s recently-released 2013 Renewables Global Status Report (GSR). (Disclosure: I have been a reviewer for the GSR for the past three years).
Hydropower accounts for more electricity production than solar PV, wind, and geothermal combined. In 2012, hydropower accounted for 16% of the world’s electricity production. However, hydropower gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. While solar PV increased capacity by an average of 60% per year over the past 5 years, new hydropower capacity increased at a much more modest annual rate of 3.3%.
Written by Robert Rapier. To read the full article, click here.
Many people still think that it will not be long before renewable energy such as solar and wind becomes outright cheaper than fossil fuels, thereby leading to a rapid expansion of the thin orange slither in the graph below. This is an ideologically very attractive notion, but, as discussed in this article, it is questionable whether this is in fact physically possible.
So, what does renewable energy have to accomplish before it can compete with fossil fuels in an open market? Well, in short, we will have to overcome the diffuse and intermittent nature of renewable energy more efficiently than we can overcome the declining reserve qualities and unrefined nature of fossil fuels.
In other words, renewables need to overcome the following two challenges in order to displace fossil fuels in a fair market:
Solar panels and wind turbines need to become cheaper than raw fossil fuels. This is the challenge posed by the diffuse nature of renewables.
Storage solutions need to become cheaper than fossil fuel refineries (e.g. power plants). This is the challenge posed by the intermittent nature of renewables.
Written by Schalk Cloete. To read the full article, click here.
After nearly three years, the White House began installing solar panels on the First Family’s residence this week, a White House official confirmed Thursday.
The Obama administration had pledged in October 2010 to put solar panels on the White House as a sign of the president’s commitment to renewable energy.
The White House official, who asked not to be identified because the installation is in process, wrote in an e-mail the project is “a part of an energy retrofit that will improve the overall energy efficiency of the building.”
At the time of the 2010 announcement, then-Energy Secretary Steven Chu and White House Council on Environmental Quality chair Nancy Sutley said the administration would conduct a competitive bidding process to buy between 20 and 50 solar panels. The officials did not identify the supplier or cost of the project, but wrote the White House “has begun installing American-made solar panels” and the initiative, “which will help demonstrate that historic buildings can incorporate solar energy and energy efficiency upgrades, is estimated to pay for itself in energy savings over the next eight years.”
Written by Juliet Eilperin. To read the full article, click here.
Power REIT (NYSE:PW) announced yesterday that it had closed on a deal to buy approximately 100 acres of land leased to the owners of over 20 MW of solar projects near Fresno, CA. This will be the company’s second solar transaction and increases the share of its revenue from solar to 21%. These two solar transactions put PW well on its way to becoming the nation’s first REIT to get most of its revenue from renewable energy. The balance of its revenue comes from leasing its railroad property. Whiile not renewable energy, rail is also a green asset in that transport by rail is much more fuel efficient than the alternative: trucking.
Salisbury, MA Transaction
Just last week, PW completed financing for its previous solar transaction, by closing on a $750,000 bank loan. I thought it would be helpful to dig into the newly released numbers to understand the economics of the transactions.
Below are the details of the completed transaction for land under the True North Solar farm in Salisbury, MA. These, and the details about the Fresno transaction discussed below come from the press releases, interviews with the Chairman and CEO of Power REIT, David Lesser, and my own searches of news stories and public records.
Written by Tom Konrad. To read the full article, click here.
Three times now, Mark Jacobson has gone out on the same limb. In 2009 he and co-author Mark Delucchi published a cover story in Scientific American that showed how the entire world could get all of its energy — fuel as well as electricity — from wind, water and solar sources by 2030. No coal or oil, no nuclear or natural gas. The tale sounded infeasible — except that Jacobson, from Stanford University, and Delucchi, from the University of California, Davis, calculated just how many hydroelectric dams, wave-energy systems, wind turbines, solar power plants and rooftop photovoltaic installations the world would need to run itself completely on renewable energy.The article sparked a spirited debate on our web site, and it also sparked a larger debate between forward-looking energy planners and those who would rather preserve the status quo. The duo went on to publish a detailed study in the journal Energy Policy that also called out numbers for a U.S. strategy.
Written by MARK FISCHETTI. To read the full article, click here.
Solar energy has been touted as a viable energy source for the future. The need and demand for clean renewable energy has been increasing in recent years. But a New York Times story reports how increasing demand does not mean rising stock prices for solar energy companies.
This is partly the result of industrial policies of foreign nations like China that subsidize solar energy. In short, these subsidies have pushed the price of solar energy panels down worldwide. So the tumble in these prices can squeeze profit margins and push down share prices of solar companies like Solar City (NASDAQ: SCTY), SunPower (NASDAQ: SPWR) and SunEdison (NYSE: SUNE)
Written by Kyle Colona. To read the full article, click here.