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clean energies

InnoEnergy, Naturgy, Enagás, Barcelona Activa and CEiiA are promoting the 4th call for entries of Cleantech Camp, a programme designed for business ideas or start-ups that are entering the clean energy sector.

The programme, that will fund pilot projects with their industrial partners, will be implemented in Barcelona, Madrid and Porto and promotes Open Innovation. It will select a maximum of 15 aspiring projects and award funding amounting to over €50,000 to incentivise their development.

The programme promoters expect to receive ideas from which they can select projects that promote an efficient use of energy, the application of sustainable energies, the energy transition and digitisation in the field of energy. Cleantech Camp is looking for digital projects with an industrial vocation geared towards energy efficiency that facilitate the energy transition, distributed generation empowering the consumer, whose applications are developed on the basis of new technologies such as the blockchain, the use of Big Data and AI.

One of this year’s innovations is the inclusion of projects that focus on biogas, biomethane, hydrogen and Smart Factory, in addition to other themes already associated with the programme namely, energy efficiency, sustainable mobility, smart grids and smart cities and sustainable and renewable energy.

The selected projects will follow a training programme in Barcelona, Madrid and Porto over several weeks, and will benefit from the participation of ESADE as a training partner. The course will combine training and informative sessions, specialised workshops for the development of the projects and networking meetings, coordinated by different experts.

The projects will additionally be able to access working spaces at Barcelona Activa, the InnovaHub at Naturgy, the Enagás FAB and Enagás Venture Center in Madrid and the CEiiA facilities in Porto.

Global programme partners, Naturgy and Enagás, announce the following challenges

Naturgy is looking for solutions in the following fields:

• Artificial Intelligence applied to the client.
• Combined renewable gas and renewable electricity solutions.

It is also seeking new business models in:

• Sustainable mobility.
• Batteries and self-consumption.

Enagás is focusing on the following solutions and business models:

• Sustainable mobility using:
o VNG,
o renewable gas (biogas-biomethane),
o Power2Gas, and
o renewable hydrogen generation.
• Solutions for storage, regasification and the transport of natural gas and other renewable gases.

In June, the top three projects offering the greatest potential will be selected out of all the participants, receiving funding of €20,000, €10,000 and €5,000 respectively. These projects will also benefit from other contributions in kind from the different programme collaborators, to promote their growth and consolidation. One of the main innovations in this year’s edition is that the selected start-ups must submit a commercial pilot of their project. The Cleantech Camp jury will select three pilots to be co-funded by the programme and developed jointly with Naturgy, Enagás and CEiiA.

Fostering Open Innovation

Cleantech Camp is driven by InnoEnergy, Naturgy, Enagás (through its Corporate Entrepreneurship and Open Innovation Programme, ‘Enagás Emprende’) and Barcelona Activa. It enjoys the collaboration of the Portuguese research centre, CEiiA and the companies Ateknea, ZBM and Osborne that act as Knowledge Partners, bringing their expertise to the table in the fields of patents, legal regulations and public funding.

The programme is clearly committed to promoting Open Innovation between the driver companies and participating start-ups, in order to create a knowledge exchange ecosystem from which both large companies and emerging projects can benefit.

Register to take part in the programme online at www.cleantechcamp.com from 23 January to 24 February.

Clean energy investment was US$61.1bn in Q1 2018, down 10% year-on-year, however there were pockets of strength. Developing countries were prominent in clean energy investment in the first three months of 2018, with China once again accounting for more than 40% of the world total, along with eye-catching projects reaching financial close in Morocco, Vietnam, Indonesia and Mexico.

The latest quarterly figures from Bloomberg New Energy Finance (BNEF) show global clean energy investment at US$61.1bn in Q1 2018, down 10% on the same period last year. The quarter to the end of March saw solar investment slip 19% to US$37.4bn, affected both by weaker activity in some markets and by lower unit prices for PV systems. BNEF estimates that benchmark global dollar capital costs per MW for utility-scale solar PV have fallen 7% in the last year.

BNEF expects the world to install even more solar in 2018 than last year’s record of 98 GW. Two of the main drivers are the ongoing boom in China for both utility-scale and smaller, local PV systems, and the financing of very large solar parks in other developing countries as cost-competitiveness continues to improve.Read more…

Article published in: FuturENERGY April 2018

MEPs are ready to negotiate binding targets with EU ministers to boost energy efficiency by 35% and the share of renewables in the total energy mix by 35%, by 2030.

Parliament endorsed committee proposals for binding EU-level targets of an 35% improvement in energy efficiency, a minimum 35% share of energy from renewable sources in gross final consumption of energy, and a 12% share of energy from renewable sources in transport, by 2030.

To meet these overall targets, EU member states are asked to set their own national targets, to be monitored and achieved in line with a draft law on the governance of the Energy Union.

35% binding EU energy efficiency target

On energy efficiency, Parliament voted in favour of a minimum 35% binding EU target and indicative national ones.

This target should be considered on the basis of the projected energy consumption in 2030 according to the PRIMES model (simulating the energy consumption and the energy supply system in the EU).

The draft law on energy efficiency was approved by 485 votes to 132, with 58 abstentions.

Renewable energy: a binding 35% target

Voting on a separate piece of legislation, adopted with 492 votes to 88 and 107 abstentions, MEPs said that the share of renewable energy should be of 35% of the energy consumption in the EU in 2030. National targets should also be set, from which Member States would be allowed to deviate by a maximum of 10% under certain conditions.

Transport: more advanced biofuels, palm-oil to be phased out by 2021

In 2030, each Member State will have to ensure that 12% of the energy consumed in transport comes from renewable sources. The contribution of so-called “first generation” biofuels (made from food and feed crops) should be capped to 2017 levels, with a maximum of 7% in road and rail transport. MEPs also want a ban on the use of palm oil from 2021.

The share of advanced biofuels (which have a lower impact on land use than those based on food crops), renewable transport fuels of non-biological origin, waste-based fossil fuels and renewable electricity will have to be at least 1.5% in 2021, rising to 10% in 2030.

Charging stations

By 2022, 90% of fuel stations along the roads of the Trans-European Networks should be equipped with high power recharging points for electric vehicles, say MEPs.

Biomass

MEPs want support schemes for renewable energy from biomass to be designed to avoid encouraging the unsustainable use of biomass for energy production if there are better industrial or material uses, as carbon captured in wood would be released if it were burned for heating. For energy generation, priority should therefore be given to burning wood wastes and residues.

Consumer generated power and energy communities

Parliament wants to ensure that consumers who produce electricity on their premises are entitled to consume it and install storage systems without having to pay any charges, fees or taxes.

The negotiating remit for MEPs also asks member states to assess existing barriers to consuming energy produced on the consumer’s own premises, to promote such consumption, and to ensure that consumers, particularly households, can join renewable energy communities without being subject to unjustified conditions or procedures.

Quotes

Jose Blanco Lopez (S&D, ES), rapporteur for renewables, said: “The European Commission was too timid in its proposal. If Europe wants to fulfil its Paris commitments, to fight climate change and to lead the energy transition, we need to do more. Parliament was able to achieve a broad consensus for significantly higher 2030 targets.” We also managed to reinforce self-consumption as a right, to bring security and certainty to investors, to raise the ambition for decarbonising the transport sector, as well as the heating and cooling sectors. Decarbonisation is not a drag on economic growth. On the contrary, it is the driver of competitiveness, economic activity and employment.

Miroslav Poche (S&D, CZ), rapporteur for energy efficiency, said: “Energy efficiency is one of the key dimensions of the EU´s energy union strategy. An ambitious policy in this area will contribute to achieving both our climate and energy goals as well as to increasing our competitiveness. It is also one of the best ways how to fight energy poverty in Europe.

Michele Rivasi (Greens/EFA, FR), co-rapporteur for governance, said : “The European Parliament has taken a historic, compliant and consistent position with the EU’s climate commitments.This is the first time that European legislation has developed, in particular, an EU 35% renewable energy target and a 35% energy efficiency target for 2030, a methane strategy, and obligations to fight against energy poverty. This policy will help develop genuine energy independence, create jobs and secure investments. In addition to being consistent, the governance proposal provides a platform for dialogue between civil society, local authorities and governments. This transparency will be necessary to deal with the lobby of energy oligopolies. One interest must prevail over all others: the future of the planet and its inhabitants!

Claude Turmes (Greens/EFA, LU), co-rapporteur for governance, said: “After the very weak deal reached by the Council in December on the Clean Energy package, I am proud that Parliament today contributed to restore EU’s credibility on climate. Increased ambition on renewables, energy efficiency and a strong governance system based on a carbon budget approach will contribute to the achievement of a net-zero carbon economy by 2050 and to comply with the Paris Agreement. The Parliament will show a united front when entering into negotiations with the Council.

National plans and the role of the EU Commission

To deliver on Energy Union aims, by 1 January 2019 and every ten years thereafter, each member state must notify an integrated national energy and climate plan to the EU Commission. The first plan must shall cover the period from 2021 to 2030. The following plans must shall cover the ten-year period immediately following the end of the period covered by the previous plan. (EC version, both AM fell).

The Commission would assess the integrated national energy and climate plans, and could make recommendations or take remedial measures if it considers that insufficient progress has been made or insufficient actions has been taken.

The resolution on the governance of the energy union was approved by 466 votes to139, with 38 abstentions.

Next steps

The negotiations with the Council can start immediately, as it approved its general approaches on energy efficiency on 26 June and on renewables and the governance of the Energy Union on 18 December.

Source: European Parliament

Acciona Energía will easily double its renewable energy capacity in Latin America to over 2,000 MW by 2020, all owned and operated by the company. This was highlighted in the opening ceremony for the El Romero Solar PV plant in the Atacama Desert (Chile), a 246 MWp capacity facility – the biggest in Latin America – that symbolizes the company’s strategic commitment to one of the areas of the planet with the best growth prospects for clean energies.

The event was attended Chilean Energy Minister Andrés Rebolledo and Acciona President José Manuel Entrecanales, as well as many other personalities from the country’s institutional, business, academic and financial fields.

The company currently owns 897 MW of wind and PV power capacity in the region (in Chile, Mexico and Costa Rica). In the last trimester of this year another 700 MW will be under construction and come on stream in 2018 and 2019, plus other projects at very advanced stage of development that are expected to be completed in 2020.

Chile meets all the conditions to be a leader in the development of renewable energy in the world and our El Romero Solar plant is a perfect example of it” said Acciona President José Manuel Entrecanales who added that Acciona hopes to continue contributing to the maturity of the industry in other Latin American countries. “What has been termed as non-conventional renewable energies today are in fact the energies that are going to become the conventional ones because they will be the ones that are imposed on all other generation technologies,” he stated.

Energy for electricity distributors and for Google

El Romero Solar was grid connected one year ago after being built in record time: 13 months. Located in Vallenar, around 645 kilometers north of Santiago, it covers 280 hectares in the Atacama Desert. Its 246 MWp (196 MW nominal capacity) can produce clean energy equivalent to the electricity demand of 240,000 Chilean homes, avoiding the emission of around 475,000 tonnes of CO2 to the atmosphere from coal-fired power stations every year.

The plant consists of 776,000 photovoltaic modules with a solar capture surface area of over 1.5 million m2. Fully owned by Acciona, it is connected to the Chilean Central Interconnected System (SIC) grid.

The plant has been supplying renewable-based energy to Google since January this year to cover all the multinational’s electricity consumption in Chile, in particular its data center. The contract will run until 2030. From 1 January 2018 the plant will start supplying electricity to the distributors in the SIC under contracts arising from the 2013/03-2 tender – awarded in December 2014 – in which ACCIONA was allocated up to 600 GWh per annum over 15 years.

New wind power project in Chile

El Romero Solar is the second facility owned and operated by Acciona Energía in Chile after the 45 MW Punta Palmeras wind farm in the region of Coquimbo, which entered service in October 2014. As well as supplying energy to the Chilean power grid, in July this year the company signed a contract with the Falabella group, a leading retail distributor in Chile, to supply renewable energy to almost one hundred of its premises.

In the last quarter of this year Acciona is constructing a 183 MW wind farm (San Gabriel) in La Araucanía to cover the supply of 506 GWh awarded to the company by the Chilean Energy Commission (CNE) in August 2016.

The renewables sector in Chile offers some of the best prospects in Latin America, which also means at global level. According to the International Energy Agency (IEA), Chile can reach – including conventional hydroelectric power – a 50% share of renewable energy in its energy mix in just five years (2022) compared with 39% in 2016. This will be done with 5.2 additional GW of non-conventional renewable energies expected to come on stream in that period.

Source: Acciona

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ABB microgrid and wireless technology enables a South African World Heritage Site to run on sustainable, stable solar power – and serve as a global model for the clean-energy future.

Robben Island, South Africa, has a geography so daunting that for centuries it housed a notorious sun-baked, windswept prison. It is the place where Nelson Mandela spent 18 years during his arduous but ultimately successful struggle to end apartheid. The island, where that prison now serves as a living museum, has just become an exemplar of the clean-energy future.

To power Robben Island, a UNESCO World Heritage Site that receives up to 2,000 ferry-riding visitors a day and is home to more than 100 tour guides and staff who operate the museum, South Africa’s Department of Tourism has just installed a new solar-powered microgrid built with advanced technologies from ABB.

Essentially a small-scale electric grid, the microgrid will enable Robben Island to drastically reduce use of the fuel-guzzling, carbon-polluting diesel generators that previously were the island’s only source of power. ABB, which has installed more than three-dozen microgrids in various settings, sees the technology as adaptable to islands elsewhere around the world – or anywhere that a remote or geographically discrete population shares the need for clean, sustainable, stable energy separate from a big public-utility grid.

The microgrid depends on extensive digital capabilities to achieve optimal efficiency. An ABB AbilityTM remote monitoring capability enables the system to be monitored and operated from Cape Town, 9 kilometers away across waters with treacherous currents. The remote set-up also eliminates the need to maintain a workforce on the island, whose volatile weather can sometimes impede travel to and from the mainland.

Robben Island, which also has a working harbor and lighthouse, has the overall energy requirements of a small village – equivalent to the needs of about 130 households. Before the microgrid was powered up, the island’s sole reliance on diesel generators required burning around 600,000 liters of fuel annually, at great cost and creating considerable pollution. By enabling the island to run on solar power for at least nine months of the year, and using diesel only as a backup, the microgrid is expected to lower fuel costs and carbon emissions by 75 percent.

“Microgrids are a key element of the grids of the future,” said Claudio Facchin, President of ABB’s Power Grids division. “What we are implementing as a technology at Robben Island is definitely one of the benchmarks of how we can support to enable stronger, smarter and greener grids.”

The Robben Island microgrid captures solar power from an array of photovoltaic panels on the southeast side of the island that cover an area the size of a football field and have a peak capacity of 667 kilowatts. 12 solar inverters convert the variable direct current (DC) output from the solar panels into the alternating current (AC) needed to provide electrical power to the island. The microgrid can run on solar power through the day, bolstered by a battery bank that can provide power for approximately seven hours after the sun goes down.

The project is part of a sustainable tourism initiative funded by the Department of Tourism and was executed for SOLA Future Energy, an engineering, procurement and contracting company.

An additional benefit of the wireless network is that it there was no need for cable trenches, helping protect the local habitat. Robben Island is included in the South African natural heritage program and is home to more than 20,000 African penguins, herds of springbok, South Africa’s national mascot, as well as a bird sanctuary.

Source: ABB

Nueva inversión mundial en energía limpia por región, por trimestre en miles de M$. Fuente: Bloomberg New Energy Finance / Global new investment in clean energy by region, by quarter, US$bn. Source: Bloomberg New Energy Finance.

Seven giant wind projects, each costing between US$600m and US$4.5bn, and spread between the US, Mexico, the UK, Germany, China and Australia, helped global clean energy investment jump 40% YoY in the third quarter of 2017. The latest authoritative figures from the Bloomberg New Energy Finance database of deals and projects show that the world invested US$66.9bn in clean energy (renewable energy excluding large hydro-electric projects of more than 50 MW; plus energy smart technologies such as smart grid, battery storage and electric vehicles) in Q3 2017, up from US$64.9bn the second quarter of this year and US$47.8bn in Q3 2016.

The numbers for Q3 mean that investment in 2017 to date is running 2% above that in the same period of last year, suggesting that the annual total is likely to finish up close to, or just ahead of, 2016’s figure of US$287.5bn. However 2017 looks highly unlikely to beat the record US$348.5bn reached in 2015.

 

The stand-out move of Q3 2017 was American Electric Power investing US$4.5bn in Invenergy’s 2 GW Wind Catcher project in the Oklahoma Panhandle. Due to be completed by 2020, the project will have 800 wind turbines, connected to population centres via a 350-mile high-voltage power line. AEP still needs to secure some regulatory approvals, but construction has started and BNEF is treating the project as financed.

The other top asset finance transactions of the quarter were Dong Energy’s (that is changing its name to Ørsted) decision to proceed with the 1.4 GW Hornsea 2 offshore wind farm in the UK North Sea, at an estimated US$3.7bn by the time it is completed in 2022-2023; and Northland Power’s financing of the 252 MW Deutsche Bucht array in German waters, at US$1.6bn.

After those came two Chinese offshore wind farms (Guohua Dongtai and Zhoushan Putuo) totalling 552 MW and an estimated US$2.1bn; the Zuma Reynosa III onshore wind farm in Mexico, at 424 MW and an estimated US$657m; and the 450 MW Coopers Gap onshore wind project in Queensland, Australia at US$631m. The biggest solar project financing was an estimated US$460m for First Solar’s 381 MW California Flats PV park in the US.

Breaking the Q3 2017 figures down by type of investment, asset finance of utility-scale renewable energy projects, such as those above, jumped 72% globally compared to the same quarter of last year, reaching US$54.3bn. Small-scale project investment (solar systems of less than 1 MW) amounted to US$10.8bn in the latest quarter, up 9%.

The two other areas of investment that BNEF tracks quarterly are venture capital and private equity investment in specialist clean energy companies, as well as equity-raising on public markets by quoted companies in the sector. Both these areas saw subdued activity in Q3.

VC/PE funding was only US$662m in Q3, down 79% from a very strong equivalent period a year earlier. Q3 2017 was the weakest quarter for this type of investment since 2005. The only deal to break three-figure millions was a US$109m private equity expansion capital round for Indian solar project developer Clean Max Enviro Energy Solutions.

Public markets investment was also subdued, down 63% year-on-year at US$1.4bn, its lowest quarter since Q1 2016. The biggest equity raisings were by Chinese company Beijing Shouhang Resources Saving, to fund activity in solar thermal generation (a US$675m private placement), and a US$314m initial public offering by Greencoat Renewables, a Dublin-based investment company targeting operating-stage wind projects in Ireland and the rest of the euro area.

Taking every investment category together (asset finance, small-scale projects, VC/PE, public markets, and an adjustment for re-invested equity), country-level results for Q3 included:

• China: $23.8bn, up 35% compared to Q2 2016, down 8% on Q2 2017.
• US: $14.8bn, up 45% YoY, up 8% QoQ.
• Europe: $11.6bn, up 43% YoY, up 45% QoQ.
• Germany: $2.4bn, down 5% YoY, down 26% QoQ.
• Japan: $2.2bn, down 32% YoY, down 17% QoQ.
• India: $1.1bn, down 49% YoY, down 60% QoQ.
• Brazil: $1.7bn, up 32% YoY, down 4% QoQ.
• Mexico: $2.8bn, from almost nothing a year earlier, up 84% QoQ.
• Australia: $1.8bn, up 388% YoY, down 10% QoQ.
• Turkey: $796m, from almost nothing a year earlier, up 312% on Q2 2017.
• France: $631m, up 109% YoY, down 21% QoQ.
• South Korea: $593m, up 143% YoY and up 85% on Q2 2017.
• Argentina: $1.2bn, from almost nothing in Q3 2016 and up 151% on Q2 2017.
• UK: $4.6bn, up 57% YoY, up tenfold QoQ.
• Chile: $1bn, up 134% YoY, up 306% QoQ.

The Energy Reform has introduced a series of mechanisms that have provided business models in different fields of the energy sector with legal certainty and transparency. As a result of these efforts and the actions undertaken to comply with the world’s commitment to the environment, clean and renewable energies have grown exponentially in recent years, thanks to their capacity to supply power to both small and large areas of the country with a high degree of profitability.

Solar PV power has shown the highest level of growth and competitiveness in the clean power generation portfolio. This is in part due to a significant reduction in technology costs that have dropped 73% since 2010, and partly arising from the two power auctions, resulting from the Energy Reform, in which solar PV enjoyed a predominant share, achieving 74% and 54% of the total power projects awarded in the first and second auctions respectively.

In the first auction alone, the 12 projects awarded to the solar sector represent an investment of $2 billion that will generate a potential impact on the national GDP of 12 billion pesos, due to the development of 1,500 MW of solar power. This, in turn, will reduce greenhouse gas emissions by an estimated 2 million tonnes of CO2 per annum.Read more…

Asolmex
The Mexican Solar PV Association

Article published in: FuturENERGY July-August 2017

The second electricity auction has resulted in a total of 23 companies from 11 countries, including Mexico, investing $4bn over the next three years in 2,871 MW of new installed renewable power. 57 bidders took part in this auction, held on 22 September, with 23 successful companies being awarded a total of 56 contracts for solar PV, wind power and other clean energies.

The average price per MWh and Clean Energy Certificate (CEL) package in this auction was $33.47, in other words, 30% lower than the price obtained in the first auction. Moreover, efficient product purchase objectives have been achieved, by awarding 80.5% of the capacity, 83.82% of the power and 87.26% of the CELs tendered, with savings of 44.2% for clean energy and 64.1% for power, compared to the maximum prices submitted by the Federal Electricity Commission (CFE).

 

The big winners of this auction were once again wind and PV. Wind power was allocated 128 MW and almost 4,000,000 MWh, representing 11% and 43% respectively of the capacity and energy auctioned. Also worth mention is the allocation of 25 MW of geothermal power as well as the results for PV which are detailed below.

subasta_mexico1

At the presentation of the results, Secretary of Energy, Pedro Joaquín Coldwell highlighted that as a result of the two electricity auctions held to date in Mexico, the country is approaching its target of 35% originating from renewables by 2024. He also indicated that 34 renewable generation companies will as a result establish in Mexico, bringing a combined investment of $600m and adding some 5,000 MW of new renewable capacity.

 

Solar power consolidates as the main driver for growth in Mexico’s electricity sector

Following this auction, Asolmex, Mexico’s Solar Power Association, has identified the positive outcome for PV, with 16 projects awarded accounting for a capacity of 1,823 MW, 54% of the total energy auctioned. Solar power has consolidated as the most competitive technology, with prices lower than natural gas combined-cycle generation. With an average price of 31.7 $/MWh, the competitiveness of solar power has improved by 42% compared to the average price of the first auction (44.9 $/MWh), confirming it as the cheapest energy in the CFE’s generation portfolio, even lower than conventional energy.

Both auctions together have allocated a total of 28 PV projects with an output of 3,619 MW, equivalent to an estimated investment of $4.5bn. These projects will enter into commercial operation during 2018 and 2019. Some of the project developers are Acciona, Aleph Capital, Alten, Canadian Solar, Enel Green Power, Engie, FRV, Grenergy, Hanwha Q-Cells, IEnova, Jinko Solar, OPDE, Solar Century, Sunpower, Thermion, Tuto Energy, X-Elio and Zuma Energía, all of which are members of Asolmex.

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According to Mexico’s Secretary of Energy, the country will increase investments in the research and development of clean energies four-fold over the next five years, to reach US$310m, in line with the commitment acquired at the United Nations Conference on Climate Change (COP21) that took place in Paris.

With these investments, five Mexican Energy Innovation Centres will be developed: geothermal, solar, wind, bioenergy and ocean energy. The installation of a centre for smart grids and another for carbon capture is expected in the near future.

One of the actions being undertaken by Mexico to promote the environment is the signature of an international cooperation programme with the European Union for the R&D of geothermal energy, under which each signatory will contribute €10m to finance the initiative. This project will last three years, starting in autumn 2016.

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At the end of 2014, there were 24 US states with at least one community solar project online, with 66 MW cumulative installed capacity. At least 12 states and Washington DC have recognised the benefits of shared or community renewables and have put policies and programmes into place to stimulate their growth. Many more are already considering programmes to expand consumer access to clean energy.

Colorado became the first in the nation to pass state-wide shared renewables legislation in 2010. Five years later, with the Community Solar Gardens Act, it is delivering on its promise of increasing participation in the state’s growing clean energy economy. Colorado has expanded the programme further with HB 15-1284 and today there are about 30 shared solar energy projects built or underway across the state. In fact, Colorado, along with other three states, California, Massachusetts and Minnesota, are expected to install the majority of community solar projects over the next two years.

All this is backed-up by the recent announcement made by the Obama Administration to stimulate a new country-wide initiative to increase access to solar energy to all US residents. These individuals include tenants, those living in low- or moderate-income communities and as such lack the start-up capital to invest in solar or do not have adequate information on how to transition to solar energy. Furthermore this initiative will lead to an expansion in the opportunities to access jobs in the solar energy industry.

GTM-web

In fact, a new study from GTM Research, US Community Solar Market Outlook 2015-2020, has identified community solar installations as the next largest solar growth market in the United States. Over the next two years, community solar in the US is poised to see its market size increase sevenfold and by 2020 GTM Research expects the US community solar market to achieve 0.5 GW annual.

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