NEWS

The latest news, solar updates, energy expertise, and all things cleantech from RenewComm's clients.

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Renewable Energy World: Coronavirus disruption just the latest example of “new normal” for energy markets

To enable this type of analysis, my colleagues and I have collected a decade-plus of weather and price data from an array of sources for 15,000 operating projects and greenfield locations across the U.S. We’ve harnessed that information to map and analyze the value and risks of our clients’ next wind or solar project. For the first time, we’re making this market transparency and asset insight available by subscription through our Renewable Energy Market Analytics Platform — or “REmap” for short.

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Construction starts on Vermont Public Power Supply Authority solar array

Vermont Public Power Supply Authority (VPPSA) and Encore Renewable Energy recently announced that construction has begun on a new solar array in Morrisville, Vermont.

The land is currently being utilized for corn silage.

Encore is evaluating the potential for establishing pollinator-friendly wildflower groundcover to provide support for bees, butterflies and other creatures.

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Morning Consult: In Wind and Solar Hot Spots of U.S., Data Shows How Pandemic Tanked Renewables’ Value

Just as the coronavirus pandemic has contributed to a plunge in oil prices, it has also cratered the value of wind and solar energy in many parts of the country.

According to new data from REsurety Inc. — a clean energy valuation and risk analytics firm — a perfect storm of increased supply and low demand has led to the lowest average monthly value for wind power in any modern market: under $2 per megawatt/hour, recorded in Oklahoma using the regional price. And solar values have barely fared better.

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Vermont Business Magazine: New solar array to rise along Route 100 in Morrisville

Vermont Public Power Supply Authority (VPPSA) and Encore Renewable Energy announced Wednesday that construction has begun on a new solar array along Route 100 in Morrisville, on land currently utilized for corn silage. Encore is evaluating the potential for establishing pollinator-friendly wildflower groundcover to provide support for the bees, butterflies and other creatures that are critical to the overall health of our ecosystem.

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Solar Power World: Encore Renewable Energy installs 2.2-MW solar project for Vermont utility

Vermont Public Power Supply Authority (VPPSA) and Encore Renewable Energy announced that construction has begun on a new solar array along Route 100 in Morrisville, on land currently utilized for corn silage. Encore is evaluating the potential for establishing pollinator-friendly wildflower groundcover to provide support for the bees, butterflies and other creatures that are critical to the overall health of our ecosystem.

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North American Windpower: REsurety Unveils REmap Information Services Product

REsurety, a provider of valuation analytics and risk management services to buyers and sellers of renewable energy, has launched its REmap map-based SaaS product.

REmap is a new information services product that harnesses a massive project performance dataset and suite of financial analytics that industries use to make long-term asset and contract decisions for wind and solar energy. The REmap tool integrates weather and power market data, calculating hourly financial performance for 15,000 operational and greenfield locations, which REsurety uses to provide clients with the industry-wide context and site-specific depth of insight needed to make better decisions faster.

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pv magazine: Solar on the family farm, LIPA shutting down steam, PG&E emerging from bankruptcy

REsurety is a provider of clean energy valuation and risk analytics. The company’s REmap tool integrates weather and power market data — and shows how the Covid-19 shutdown, low natural gas prices, and high winds drove the wholesale value of electricity (weighted for time of production) to all-time lows in parts of the Lower Midwest – even dropping below $2 per MWh in some locations in April.

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Power Magazine: Data Tool Shows Pandemic’s Impact on Power Prices

A clean energy valuation and risk analytics company said that low demand for energy during the COVID-19 pandemic, along with low prices for natural gas and strong power generation from renewable energy resources, has brought unprecedented low prices for electricity in multiple U.S. markets.

REsurety said its Renewable Energy Market Analytics Platform (REmap) shows that the production-weighted wholesale price of electricity for wind projects fell to all-time lows in recent weeks and months across markets including the Southwest Power Pool (SPP), PJM Interconnection, and the Midcontinent Independent System Operator (MISO). The company said production-weighted prices dropped below $2 per MWh in areas with a high penetration of wind power, such as Oklahoma.

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Solar Power World: REsurety launches REmap weather and power market data tool for renewables

REsurety, provider of clean energy valuation and risk analytics, said the insights available from its Renewable Energy Market Analytics Platform (REmap) include that the production-weighted wholesale price of electricity for wind projects fell to all-time lows during the COVID-19 pandemic across markets including SPP, PJM and MISO — with extreme lows reaching below $2 per MWh for the entire month of April in high wind penetration regions such as Oklahoma.

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North American Clean Energy: REsurety Launches REmap – Expanding the Clean Energy Industry's Access to Critical Value and Risk Analytics

A new information services product that harnesses a massive project performance dataset and suite of financial analytics which industry leaders use to make long-term asset and contract decisions for wind and solar energy has revealed that the low energy demand during the coronavirus shutdown, combined with low natural gas prices and high renewable generation, has resulted in unprecedented low power prices in multiple U.S. markets.

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AltEnergyMag: Stockton taps Sage Energy Consulting to help it become California’s first “Zero-Emission School District”

The Stockton Unified School District, which serves 40,000 students, has selected Sage Energy Consulting to help make it the state's first "Zero-Emission School District." The district will take a significant step towards reducing pollution and improving air quality while saving money on energy, with a $4.8 million grant from the California Air Resources Board (CARB).

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pv magazine: Morning Brief: solar is ‘essential’ in New Jersey, renewables generated more electricity than coal in April

Encore Renewable Energy secures approval for 5 MW solar project in Maine: Encore Renewable Energy announced the approval of all permits required to construct a 5 MW solar array in Oakland, Maine on underutilized land near the center of the town. Amid the Covid-19 pandemic, the company continues to work remotely.

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