Tag Archives: Renewable Energy

110 MW solar financing: SolarCity and Goldman Sachs

When Goldman Sachs gets in, you know there’s money in solar. They’re certainly not investing half a billion dollars for your health. Of course, if you’re in Georgia, you won’t be getting any of this 110 MW of SolarCity solar on your roof, because of that antique 1973 Territorial Electric Service Act that Georgia Power and Southern Company keep propping up. Maybe we should do something about that. -jsq

PR today, SolarCity and Goldman Sachs Create Largest U.S. Rooftop Solar Lease Financing Platform: Collaboration Expected to Fund more than $500 Million in Solar Projects, 110 Megawatts of Solar Capacity

SAN MATEO, Calif., and NEW YORK, May 16, 2013—SolarCity (Nasdaq: SCTY), a leading provider of clean energy, today announced a lease financing agreement with Goldman Sachs (NYSE: GS) to fund more than $500 million in solar power projects; an estimated 110 megawatts in generation capacity for homeowners and businesses.

The financing makes it possible for homeowners, businesses, government and other non-profit organizations to install solar panels with no upfront cost and pay less for clean electricity than they currently pay for utility bills. The agreement was initiated in 2012 and expanded per

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No San Onofre nuke startup decision until June at least –NRC Chair

Two more victories for anti-nuke activists: San Onofre restart decision pushed back at least until June, and webcasts of California Public Utilities Commission hearings going on right now.

Abby Sewell reported for the L.A. Times yesterday, Decision on San Onofre pushed back to June at the earliest,

The plant’s operator Southern California Edison had hoped at one point to have one of the plant’s two units operating by summer, but NRC Chairwoman Allison Macfarlane made it clear that will not happen.

Macfarlane told reporters Tuesday after a speech, “You know, the process is very complicated now. Almost every day it gets a little more complicated…. Right now I can tell you a decision on restart won’t happen until the end of June, certainly after the middle of June.

“It may get pushed back later,” she said. “I don’t know.”

She didn’t say much about the Atomic Safety and Licensing Board (ASLB) decision to require NRC public hearings before any decision on restarting San Onofre, but she did say this:

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Solar Music City Center, Nashville, Tennessee

Valdosta has a larger solar installation than Nashville, Tennessee, but Valdosta’s is hidden away at the Mud Creek Wastewater Treatment Plant while Nashville’s biggest is on its new Music City Center. Which do you think shows the most leadership, and will attract the most business?

In Lightwave Solar’s May 2013 newsletter, LightWave Completes Music City Center Solar Project,

LightWave Solar recently completed the installation of a 211 kilo-watt (kW) solar system for the Music City Center, and it is the largest solar installation in Nashville.

Installed within the guitar shaped structure on the roof, the system consists of 845 solar panels and four inverters weighing 1,800 pounds each. The system will generate approx. 271,000 kilowatt-hours per year, enough electricity to power the electric vehicle charging stations and lighting for the building. Over 25 years, the clean electricity will offset nearly 5,000 tons of carbon dioxide emissions, the equivalent of taking 920 cars off the road.

“This project shows great leadership on behalf of the city,” said Steve Johnson, President of LightWave Solar. “We applaud the mayor’s vision in making Nashville a more sustainable city with a bright future.”

And leadership can extend even beyond solar into water and habitat:

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NRC tries to ignore hearing requirement for San Onofre nuke restart

Maybe the ASLB was referring to some other NRC that should hold public hearings? The Atomic Safety and Licensing Board (ASLB) agreed with Friends of the Earth (FOE) when it ruled that restarting either San Onofre unit requires a full public hearing like a trial, but the Nuclear Regulatory Commission (NRC) interprets that as having nothing to do with its own staff decision process. This is after the city of Los Angeles (and numerous other southern California cities and the San Diego Unified School District) said it didn’t want any decision about restarting any San Onofre reactor/ without a full, transparent, public decision process. The L.A. Times says all this is creating “confusion”. Just last week I heard Georgia Power CEO Paul Bowers say confusion was bad for business. Maybe it will be bad not just for Southern California Edison and its San Onofre nukes, but also for Georgia Power and Southern Company’s 19-month-late and billion-over-budget nuclear boondoggle at Plant Vogtle.

Abby Sewell wrote for the L.A. Times yesterday 7:24 PM, San Onofre ruling creates confusion,

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Solar Baxley City Hall

Baxley City Hall has solar panels, in Appling County, home to nuclear Plant Hatch. Why? The solar installation will generate most during the most expensive electrical power times of the day; it will pay for itself in ten years, and it’s lower power bills from then on. Baxley City Council approved the project unanimously in December, to be paid for out of reserves with no financing, and the solar system is already installed and working. Any local city or county hereabouts could do the same thing.

Renee O’Quinn wrote for the Baxley News-Banner 19 December 2012, City approves installation of solar panels at City Hall,

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The Super Bowl of disruptive distributed energy: Georgia Power and Southern Company are losing

It’s literally game-changing time with solar power at the electric utilities, while Georgia Power and Southern Company are sticking with big baseload nuclear, “clean coal”, and natural gas. They cannot win if they don’t even try.

Steven Schultz wrote for Physorg 6 May 2013, Growth of ‘distributed’ electricity generation could transform utility systems,

(Phys.org) —The U.S. electric utility industry faces a critical juncture as new technology and declining prices allow a more “distributed” system of small-scale generators, renewable energy installations and energy-efficiency strategies, according to a group of high-level energy industry executives and regulators who met at Princeton University recently.

“We have a monumental challenge,” said Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission, who participated in the all-day meeting Friday, April 26. Citing commentary by an analyst who warned of a potential “train wreck” in the industry, Wellinghoff outlined converging tends in which technological advances are allowing consumers and companies to take matters of reliability, security and efficiency into their own hands, while utility companies are under pressure to maintain and upgrade a national electricity system that is broadly accessible.

“Everybody saw the Super Bowl,” Wellinghoff said, referring to the half-hour blackout that disrupted the 2013 football championship.

He didn’t mention that after blacking out the Super Bowl Continue reading

How can we get Georgia to move ahead in solar power?

If we can’t expect Georgia Power or Southern Company to change their tune about solar power, what can we do? Legislate and raise public pressure, while getting on with installing what solar power we can.

Maybe it’s time to pass something like HB 267 that would limit Georgia Power’s profits on that 19-month-late and $1 billion over budget nuclear boondoggle at Plant Vogtle. Instead of pouring more money down that broken concrete pit on the Savannah River, we need something like GA SB 51, The Georgia Cogeneration and Distributed Generation Act, to fix Georgia’s special solar financing problem, the antique 1973 Territorial Electric Service Act. That’s the 40-year-old antiquated law that SO CEO Thomas A. Fanning says “we need to protect”. Maybe SO does, for Fanning’s huge raises in compensation. Georgia Power and SO are not only defending that antique law, they’re preventing a Georgia Renewable Portfolio Standard (REPS) by stopping passage of bills like HB 503. Georgia Power, SO, and super-lobby ALEC systematically oppose renewable energy standards. They do this so successfully there are no REPS in Southern Company (SO)’s service territory, nor in most of SO’s surrounding “Competitive Generation Opportunities” states. One of the few exceptions is North Carolina, and a bill was introduced there to eliminate NC’s REPS.

Maybe it’s even time to do something about Georgia Power’s 11% guaranteed profit. Isn’t Georgia Power supposed to be a utility operating for the good of Georgians? Why does it get a guaranteed profit to pass on to Southern Company shareholder dividends and SO executive bonuses?

Georgia Power and even Southern Company could suddenly flip for solar power like Austin Energy did in 2003 and Cobb EMC did in 2012. But that probably won’t happen without a lot of public pressure, legal requirements by the Georgia legislature or PSC, or a shareholder revolt. So let’s start with the public pressure….

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Dragging Georgia behind in solar power: Georgia Power and Southern Company

As long as we leave it to Georgia Power and Southern Company, Georgia will remain far behind in solar power jobs, profits, and energy independence. Hear Southern Company CEO Thomas A. Fanning say:

We remain very bullish on solar. When we think about renewables, I think renewables are exceedingly important to this nation’s future. My sense is until we see significant technology innovation, my sense is that that will probably very late in this decade or beyond that, we still are gonna get by far the lion’s share of electricity from central stations.

SO’s “bullish on solar” means nuclear, “clean coal”, and natural gas big baseload power stations, and forget about solar or wind. That’s why Georgia Power has raised customer rates to pay for gas and nuclear plants while complaining about solar. Here’s Georgia Power CEO Paul Bowers:

“Renewable (energy sources are) going to have a sliver,” Bowers said of fuels to create electricity. “Is it going to be 2 or 4 percent? That’s yet to be determined. Economics will drive that. But you always remember (that renewable energy is) an intermittent resource. It’s not one you can depend on 100 percent of the time.”

What is to be done?

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Georgia behind Maryland and Massachusetts in solar power

California and Texas ahead of Georgia in solar power, sure, but Maryland and Massachusetts, small and far to the north with less sun? Does that seem right to you?

According to the Solar Energy Industries Association (SEIA), Georgia should be number 5. Georgia should be moving up the rankings as fast as any state except maybe Arizona or Colorado, according to an Arizona State University study of two years ago that said Georgia was third among state that would benefit from solar deployment through generating and exporting energy to other states. The U.S. as a whole keeps installing far more solar power each year, but Georgia Power and Southern Company keep holding Georgia back.

It’s great that Valdosta will soon get 2 more megawatts of local solar power. But while we’re waiting for Georgia Power to slowly get around to doling out 277 megawatts over several years, New Jersey has 1,000 megawatts already installed. Georgia is #22, behind #21 Connecticut. Why do we let that continue?

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Two more megawatts of local solar power! @ VLCIA 2013-04-16

One megawatt at DuPont and one megawatt at Valdosta’s Mud Creek Wastewater Treatment Plant: that’s two more megawatts of solar power coming to Valdosta and Lowndes County! This was revealed at the 16 April 2013 Board Meeting of the Valdosta-Lowndes County Industrial Authority.

Project Director Allan Ricketts was on a speaker phone, so Executive Director Andrea Schruijer gave the Existing Industry and Project Report. She thinks maybe three existing industry expansions in second and third quarter 2013. They’ve continued working with a pharmaceutical company about locating here; more on that later. Continued work with three renewable and sustainable energy companies, and Georgia Power is cooperating.

We did receive notification that two of those advanced solar initiatives have been approved by Georgia Power Company.

One of them is a megawatt solar expansion at DuPont. The other is a megawatt solar expansion at the City of Valdosta’s Mud Creek Wastewater Plant.

She didn’t mention that in most states such projects wouldn’t have to be approved for doled-out quotas by a power company.

Schruijer also talked about Continue reading