Renewable energy – Cheap Solar Panels Mon, 21 Jun 2021 23:49:07 +0000 en-US hourly 1 Renewable energy – Cheap Solar Panels 32 32 working groups prepare recommendations for energy forums | News | SDG Knowledge Center Mon, 21 Jun 2021 22:50:31 +0000

Five multi-stakeholder technical working groups prepared reports on the five priority themes of the High Level Dialogue on Energy (HLDE). The reports contain substantive recommendations for the thematic forums at ministerial level, which will take place from June 21 to 25, 2021, and together aim to provide a global roadmap to achieve affordable and clean energy for all by 2030, on track to net zero emissions by 2050.

The technical working groups brought together actors from the United Nations and international agencies, national governments, businesses, academia and civil society to address: access to energy; energetic transition; enable the SDGs through fair and inclusive energy transitions; innovation, technology and data; and finance and investment. Each technical working group held three virtual meetings, the first focusing on adjustments to the outline of the reports, the second on comments on the first draft, and the third on collecting final comments on a revised draft report.

The report on energy access stresses the need to: address socio-economic inclusion; align the costs, reliability and affordability of energy services; putting people at the center of efforts to provide energy; and promote local entrepreneurship and the engagement of women and young people. He stresses that access to electricity and a clean kitchen are just as important.

The report on energetic transition stresses the need for enhanced international and regional cooperation to share technology and integrate electricity markets. It recommends, among other actions, to rapidly intensify the deployment of renewable energies, to improve the average rate of energy efficiency and to phase out coal.

The report on enable the SDGs through fair and inclusive energy transitions explores the “multidimensions” of the SDGs and emphasizes the need to implement policies taking into account social equity and inclusion. He calls, among others, education, retraining, training, capacity building, promoting informed consumer behavior and accelerating actions to ensure gender equity.

The report on innovation, technology and data recognizes the need for innovations in policy and finance, and not just in technology. It recommends: the commercialization of new technologies on a large scale; create markets that promote energy technologies and help the energy transition; take advantage of digitization; and improving the collection, management and application of data systems.

The report on financing and investment calls on countries to increase investments in sustainable energy to achieve an inclusive recovery, to align financial flows with increasingly ambitious climate strategies, and to remove subsidies that encourage waste.

The reports of these working groups will be launched during thematic forums at ministerial level, which will take place from June 21 to 25, 2021.

the ENB hasThe analysis of the technical working groups notes that “[s]Discussions in some technical working groups prompted reports to contain specific examples of actions to achieve global energy goals. However, by having to make political compromises, reports “may not be able to meet this standard”. According to IN B, “Voluntary pacts were indicated as a way to document specific actions that need to be taken to collectively build momentum.” Ministerial forums will be “the first opportunity to increase the visibility of energy pacts to which the technical working group process has contributed”.

The HLDE, slated for September 2021, will be the first global energy gathering under the auspices of the United Nations General Assembly (UNGA) since the United Nations Conference on New and Renewable Energy Sources in 1981. The HLDE UN Secretary-General to convene Summit-level Dialogue to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development, in particular SDG 7 (clean and affordable energy ) and the Paris Agreement on climate change. [ENB Summary of the High-level Dialogue on Energy Technical Working Groups: 22 February – 26 May 2021] [Ministerial Thematic Forums Webpage]

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To what extent is it possible to produce your own energy? Sun, 20 Jun 2021 23:17:38 +0000

The idea of ​​producing your own energy is a process that has become much more feasible in recent years, as the price of renewables has fallen and financiers, regulators and businesses have become more comfortable with it. idea of ​​decentralized production.

On-site clean energy production can use a number of different technologies, depending on the individual situation of your facilities. These include solar, wind, hydroelectric and biomass energy. The most common are solar panels, which can be easily installed using a modular approach, according to E.ON’s product manager, John Martin. But of course, it’s not for all businesses, he explains. “If you have rooftop space or land nearby, or even parking with carports, they’re easy to set up,” says Martin. Although the price of the energy produced is not quite competitive with the grid at this time, you get price certainty and avoid future price fluctuations. “

While the benefits of taking steps to support your own energy supply are clear, it pays to be thorough in your preparations for installing on-site energy solutions, he stresses. “In addition to your own energy profile, you need to understand the costs associated with grid reinforcement on your local energy grid, the necessary permits and planning, and the optimal technology options,” he explains. “You have to study the market because the costs of technology are going down all the time, but different options have different capabilities. “

The carrot and the stick

And what about the costs? Do you want to fund it with cash or do you need to look at the funding options available? One of the main challenges in getting your business to generate its own electricity is getting buy-in from top management. “They often say it’s a good idea environmentally, but it’s too expensive,” says Martin. “However, clean energy options are constantly moving closer to economic parity, and clean energy can give you greater certainty over your costs, allowing you to reduce risk and lower your emissions at the same time. to go to net zero is only going to increase.It makes sense to start now when there are more carrots – than to have to do it later when there are more sticks.

To read the full article, download the free and exclusive “The Race to Net Zero” guide presented by BusinessGreen. Click here.

This article is sponsored by E.ON.

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3 ways to invest in renewable energy now Sat, 19 Jun 2021 15:22:00 +0000

Renewable energy is a massive megatrend spanning decades. Current estimates suggest that the global economy will need 100,000 billion dollars in investments over the next 30 years to shift from fossil fuel energy sources to cleaner alternatives. Considering the scale and duration of this opportunity, investors won’t want to miss it.

Fortunately, there are plenty of ways they can play with the energy transition trend. Here are three ways to invest in renewable energy.

Image source: Getty Images.

The yield of renewable energies

Companies focused on developing new renewable energy production capacities need a lot of cash to keep investing in new projects. They can bring in new capital by selling the cash-generating renewable energy assets they develop to renewable yield. These companies focus on owning renewable power generation facilities that sell most of their electricity under long-term, fixed-rate power purchase agreements (PPAs) to end users such as as large commercial customers or electric utilities. This gives them the cash to pay dearly dividend yields.

Two examples of renewable yieldcos are Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) and NextEra energy partners (NYSE: NEP). Clearway generally acquires wind turbines and solar energy projects of its private sponsor Clearway Energy Group. Meanwhile, NextEra Energy Partners is doing the same with its parent company, utility giant NextEra Energy (NYSE: NEE).

Given their focus on dividends, they pay above average returns (Clearway payout is 4.8% while NextEra Energy Partners dividend earns 3.4%). In addition, their main goal is to regularly increase these payments. For example, Clearway is aiming for 5-8% annual dividend growth while NextEra Energy Partners is targeting 12-15% annual dividend increase. These factors make them ideal options for investors looking for income.

Renewable energy component manufacturers

Several companies are focused on manufacturing equipment and components for the renewable energy industry, including:

  • Panels, floor mounting systems, inverters and optimizers for solar power generation.
  • Turbines, blades and internal components for wind power.
  • Batteries, uninterruptible power systems (UPS), powertrains and charging stations for battery storage and electric vehicles (EVs).

Manufacturers of renewable energy components are selling more of their products as the industry expands. This allows them to rapidly increase their income and profit as they expand their business in this expanding market.

Many companies focus on manufacturing these components. A notable example is SolarEdge Technologies (NASDAQ: SEDG). Although it specializes in manufacturing an inverter system optimized to maximize the power produced by solar panels, it also provides solutions to a wide range of other energy segments. These include storage, recharging of electric vehicles, batteries, inverter, vehicle powertrains and grid services. Companies like SolarEdge are ideal for those looking for a high investment.

Utilities clean up their act

Utilities are another way to play the renewable energy megatrend. Most are investing heavily to build new renewable energy capacity to replace fossil fuel power plants. On top of that, they are investing in building the grid to support additional renewable energy capacity.

One of the leaders in this space is NextEra Energy. It operates two utilities in Florida, one of the largest renewable energy companies and a leading electric transmission company. It invests billions of dollars in expanding these businesses. NextEra predicts that its investments will help grow its earnings per share at an annual rate of 6% to 8% until at least 2023. At the same time, he plans to increase his dividend by 2% of around 10% per year until next year. This combination of return and growth makes utilities like NextEra Energy lower risk investments.

Several ways to play this megatrend

Investors have many options for investing in renewable energy. They can generate an increasing income stream by investing in a yield company or utility. Or they can opt for a higher risk / reward opportunity by investing in a component manufacturer, which could generate strong revenue and profit growth in the years to come. Given the overall appeal of the sector, investors should look for a way to add renewable energy stocks to their portfolios.

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Matthew DiLallo owns shares of Clearway Energy, Inc., NextEra Energy, NextEra Energy Partners and SolarEdge Technologies. The Motley Fool recommends NextEra Energy and SolarEdge Technologies. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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DBP grants 750 million pesos line of credit to boost renewable energy storage Fri, 18 Jun 2021 16:30:00 +0000

The Development Bank of the Philippines (DBP) has provided a 750 million pesos revolving line of credit to an energy company for the manufacture and export of cost-effective and sustainable energy storage systems for power generation activities renewable energy companies, a senior official said.

DBP President and CEO Emmanuel Herbosa said the bank’s financial assistance to Amber Kinetics Philippines, Inc. (AKPI) would be used to partially fund the working capital of the company and other short-term operational needs for the domestic sale and export of its new Flywheel Energy Storage System.

“DBP is thrilled with this project as it demonstrates our passion for supporting revolutionary environmentally friendly processes and new technologies that promote more efficient use of green energy,” said Herbosa.

DBP is the country’s sixth-largest bank in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.

AKPI’s parent company, Amber Kinetics, Inc. (AKI), has developed its patented kinetic energy storage system that includes a flywheel that converts and stores electrical energy in a rotating mass and is more Superior than traditional batteries in terms of unlimited daily cycle capacity, high round trip efficiency, no capacity degradation and no chemical reaction.

AKI has established its first manufacturing site in Sto. Tomas Town in Batangas and plans to open a second manufacturing plant also in the province to meet growing demand.

Herbosa said the introduction of this technology is seen as a boon to the electrical industry as it complements the gradual shift to renewable energy sources that offer variable returns, with an energy storage system that ensures that the overall electricity production corresponds to demand.

The bank is optimistic that the project would strengthen the country’s position as an emerging high-tech hub for mechanical battery storage as well as an export hub, he added.

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Ofgem grid charges ‘bad for Scottish offshore wind’ – reNews Thu, 17 Jun 2021 13:07:41 +0000

A committee of MPs has learned that the north of Britain is “penalized to the tune of tens of millions of pounds each year” by outdated rules governing how the electricity grid is paid, with Scotland the most affected.

Referring to the Transmission Network Usage Pricing Scheme (TNUoS), Scottish Renewables CEO Claire Mack told the Scottish Affairs Committee at Westminster earlier today that “the solution lies with the UK government and Ofgem, the energy regulator ”.

She said they must act – as the UK government pledged in its Energy White Paper – to reform “the electricity system’s trade rules” without delay or risk “excessive costs to consumers. or a failure to reduce emissions in accordance with our goal zero network.

The trade group today released a new report on the matter, which it said could “undermine ambitions to boost the amount of offshore wind in Scottish waters by 2030”.

Mack said the system is bad for consumers – with the cost of extra risk worth £ 14 per UK household by 2030, as well as bad for net-zero, undermining the business case green energy projects outside the south of England.

The system risks losing the UK’s best renewable resources, many of which are in Scotland, she said.

She also said the system failed to do what it was designed to do in the early 1990s, with “extremely unpredictable” loads failing to reflect the cost of running the power grid, which has remained stable for many years. years.

She said costs are expected to worsen, from an average of £ 11 per kW in 2016 to £ 27 per kW in 2024, an increase of 145%.

She pointed out that the TNUoS charge is not levied on European renewable energy projects, “which means it is cheaper to build wind farms there and sell the electricity to the UK via an increasing number of interconnect cables than to build clean power plants “.

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ConEd ‘uniquely positioned’ to lead clean energy transition, says CEO, leading the way Wed, 16 Jun 2021 14:42:22 +0000

Dive brief:

  • Meeting New York’s ambitious clean energy goals will require adding new renewable resources, spending billions on efficiency and electrification, and ultimately moving away from natural gas, the head of Consolidated Edison said on Tuesday. ConEd).
  • The utility serves New York City, where demand for electricity in the summer skyrockets as air conditioning loads increase. However, adding new electric vehicle heating and charging loads will eventually move. ConEd towards the winter peaks, said President and CEO Timothy Cawley in a virtual discussion moderated by Our Energy Policy.
  • Grid modernization and the shift in peak demand are being guided by advancements in system planning and forecasting, Cawley said. “We’re getting much more granular… to include things like energy efficiency, demand response, electric vehicle charging and heating electrification, over five to ten years,” he said. “The grid will change significantly because of this forecast.”

Dive overview:

New York State has one of the nation’s most ambitious clean energy goals, aiming to reach 70 percent renewable energy by 2030. Achieving that goal, Cawley said, will require significant changes in policy. how buildings are powered and vehicles powered in New York City. .

“We believe we are in a unique position to help lead the transition to this clean energy future,” Cawley said.

Following the renewable energy target of 2030, the New York State Climate Leadership and Community Protection Act requires greenhouse gas emissions to be reduced by 85% by 2050. Currently, about 25% of New York’s production is renewable, and most of it comes from hydroelectric facilities. Wind and solar, relative to state goals, are still nascent, Cawley said.

By 2040, New York’s electricity sector is required by law to be emission-free.

“We’ve moved the needle a bit in New York state, on solar and wind, but we have a lot more to do,” Cawley said. Reaching 70% renewable energy by 2030 “means that we need to cover around 55% in the next 8.5 years. [That’s] incredibly ambitious. “

Consolidated Edison is the second largest solar producer in the United States, through its renewable energy development arm, but cannot own large-scale generation in New York. Cawley said the utility has advocated changing that and believes his experience with renewables could help add the necessary resources.

New York is targeting 9,000 MW of offshore wind by 2035, 6,000 MW of solar by 2025 and 3,000 MW of energy storage by 2030.

While transportation is the biggest source of pollution in the United States and New York State, New York, the majority of greenhouse gas emissions come from buildings. ConEd sees efficiency improvements and geothermal and air source heat pumps as one way to solve this problem.

The utility plans to invest $ 1.5 billion by 2025 in energy efficiency, including customer incentives for ground-source and air-source heat pumps. “And we’ll triple our investment by 2030,” Cawley said. Efficiency is “the best, first answer,” he said.

So far, ground source and air source heat pumps have not gained momentum in the region, Cawley said, but “we are trying to get them to develop the installer market and empower customers and homeowners. buildings to understand technology. We’re pushing this really hard. “

Older buildings in town will eventually need major renovations, Cawley said, “and they can be expensive, but it will be necessary over time to get us there.”

ConEd is also looking for wireless solutions before turning to traditional upgrades, a practice it has been using since its inception. The Brooklyn-Queens neighborhood program started about five years ago. There, to avoid swhile waiting $ 1.2 billion for new substations, power supplies and switching stations, the utility used demand management and smaller resources on site.

“Rather than adding capacity to our system, we are seeing if we can reduce the peak with demand response and energy efficiency. This is the first stop our engineers make before planning an infrastructure project, ”said Cawley. “Can they eliminate the need for the new ability?” “

ConEd also has a natural gas system which, Cawley acknowledges, “will need to transition over the next few decades.” Both hydrogen and renewable natural gas are being considered to replace gas, he said.

New York City Council has proposed to ban the use of natural gas in new construction. Cawley said he supports the natural gas transition and the utility would be prepared to weigh in on the measure. “We know that buildings have to be treated. We also know that a broad, holistic and integrated approach is the best way to achieve this,” he said.

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Why renewable energy stocks fell on Tuesday Tue, 15 Jun 2021 20:24:39 +0000

What happened

Actions of renewable energy stocks fell across the board on Tuesday as a number of factors hit the industry. After a strong advance last month and even better performance over the past year, perhaps it was just time for stocks to catch their breath.

There have been a number of notable moves, but the ones that caught my eye were Rod (NYSE: STEM), Renesola (NYSE: SOL), Sunworks (NASDAQ: SUNW), and JinkoSolar (NYSE: JKS) falling big today. Here’s where they were at their lowest today and how they ended the day.

Store Change to daily low Change at closing
Rod (12.3%) (11%)
Renesola (11.5%) (10.4%)
Sunworks (9.7%) (9.3%)
JinkoSolar (11.4%) (11%)

Data source: Google Finance.

So what

The number one reason renewables stocks may retreat today is simply because they’ve been in tears over the past month. You can see below that these four stocks are up in double digits, even after today’s decline, and a pullback is a natural part of the trading cycle.

STEM given by YCharts

Traders were also likely looking for opportunities in energy stocks and at the time of this writing Oil is up 1.9% today at $ 72.25 per barrel from WTI, a level we did not have. not seen for two and a half years. Higher oil prices can sometimes be beneficial for renewable energy stocks, but investors can reinvest in fossil fuel stocks. Some evidence is ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), and Royal Dutch Shell (NYSE: RDS.A) all are trading higher today, despite the overall market downturn. For now, the shift from fossil fuels to renewables appears to be reversing.

The other big fear that investors can feel today is inflation and the potential for rising interest rates. Rates haven’t gone up much today, but JP Morgan (NYSE: JPM) CEO Jamie Dimon said his company has half a trillion dollars in cash and waits for interest rates to rise before investing it.

Most renewable energy projects rely on low interest rates to be profitable because it is a high initial investment that pays off. over several years or decades. Lower interest rates increase the present value of those future cash flows, so even the burst of inflation or higher interest rates can lower renewable energy stocks.

Now what

Simply put, volatile days like this are part of the admission price of renewable energy stocks. The whole industry can rock wild on little more than the threat of higher interest rates or daily oil movements. But in the long run, the industry’s trajectory is still towards more facilities and growing revenues, so investors shouldn’t panic.

What I would keep an eye on are interest rates and how that affects the cost of long-term borrowing for renewable energy developers and how profits evolve. We will start getting profits from the renewable energy companies in a little over a month. For now, I see no reason to panic with one of these large stocks of renewable energy on the move.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The future is green and it is here Tue, 15 Jun 2021 03:04:00 +0000

Not so long ago, I remember a time when my peers and I were passionate about climate change and renewable energy. It seemed like a never-ending battle and it got frustrating at times to let the world see what was obviously going on all around us. But we kept going, fighting every day, winning small battles and taking giant steps towards creating a more sustainable future for the world.

Things were starting to pick up steam and renewables were spreading slowly but surely. It looked like we might win the war someday. But then the COVID-19 pandemic struck the world like lightning from the sky casting a long shadow over the entire world.

The possibility of a sudden threat that could endanger the entire world has ceased to sound like a conspiracy theory and has become an alarming reality. In the midst of the devastation caused by this pandemic, it also highlighted our actions and our choices in the pursuit of progress, underlined by the fragility of human life.

The effect has been huge, the UN reaffirmed the need to achieve net zero emissions by 2050, to which more than 120 countries responded positively. As a result, there is an unprecedented global agreement that climate change remains the greatest and most critical threat to humanity and that renewable energy is the most powerful tool to help combat it. Climate change has now become a “climate emergency”.

Suddenly, the future that all of us in the renewable energy industry longed for, a green future, is here. This decade belongs to renewable energies. I have no doubts that renewable energies will be essential to boost global economies after the pandemic and create long-term sustainable jobs. This future is what we have worked for and fought for. A future that will give our next generations the world they deserve.

World Wind Day

World Wind Day is a celebration of wind power, one of the oldest naturally occurring forms of energy. Even as early as 200 BC, simple wind-powered water pumps were used in China, and windmills were grinding grains in the Middle East. Wind power is one of the most mature renewable energy technologies today and is an essential stabilizing pillar for the entire renewable energy portfolio.

At the end of 2020, global wind installations stood at 743 GW and are expected to reach over 1,212 GW by 2025. This represents a capacity increase of almost 63% in just five years. It is nothing less than a revolution. This would mean that each year, more than 700 million homes will be powered and 3,000 million tonnes of CO2 emissions will be reduced by generations of wind power alone by 2025.

Wind power also has the added benefit of a mature supply chain, thus boosting national markets and creating direct full-time local jobs of over 1.2 million today, which is expected to grow to 3.3 million. millions by 2025. Add to that the millions of additional indirect jobs it creates, the micro-economies it stimulates and the energy security it offers to nations.

How can India benefit from this tremendous source of energy?

Wind power is essential for India’s clean energy transition. India has a huge potential of over 300 GW of onshore wind power and 195 GW offshore. We also have a declared national target of reaching over 140 GW by 2030 and we already expect an increase of 24.4 GW by 2025.

India has the advantage of having an established and easily scalable manufacturing base of over 10GW with 80-90% local content in accordance with our country’s Atmanirbhar Bharat mission. With plant load factors of over 40% and a reduction in the cost of energy produced by wind, wind energy remains very competitive and efficient. Along with storage (battery), wind power is one of the most reliable sources of renewable energy and can meet peak demand.

Wind power can help produce very affordable green hydrogen and green ammonia, which are touted as future fuels. Wind power along with hybrid and storage systems synchronized with other renewable sources will be essential to generate enough green electricity to power India’s electric mobility revolution. This will not only speed up our country’s energy transition, but will also eliminate the need for large and expensive oil exports.

When you take all of these benefits of wind power and integrate it with solar power, we take the next big step in realizing India’s renewable energy potential through wind-solar hybrid projects. These projects will increase efficiency and production while providing stability and better energy continuity. India has done well to embark on this adventure in 2020 and we will see a big step in that direction over the next five years.

It’s our revolution to lead

The renewable energy revolution in India has started and it is our revolution to lead. The world is watching India as it realizes its enormous wind and solar potential while leveraging its acclaimed manufacturing prowess. The spotlight is on us and so is the opportunity. I believe the best is yet to come. I see an extremely bright future for renewables and especially wind power in India, but innovative policy environments and massive deployment of resources are the need of the moment.

I am convinced that with the support of the visionary Indian government led by the Honorable Prime Minister India’s dream of a carbon neutral economy will soon be a reality and wind power will have a vital role to play there.

So when you look out the window and see gusting monsoon winds also feel the tremendous energy inside, imagine all the jobs it powers, the homes it lights up, and the savings it boosts. .

Happy World Wind Day, India.

The opinions expressed here are those of the author

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Solon seeks to invest more in renewable energies Mon, 14 Jun 2021 09:35:00 +0000

Photo file

MANILA – To encourage large electricity consumers to invest in the electricity sector and develop the use of indigenous and renewable energy resources (RE), Senator Win Gatchalian proposed the removal of the size limit of 100 kilowatts in the installation of power generation facilities under the net metering program through Senate Bill 2219.

Removing the 100 kilowatt cap will allow large consumers of electricity such as commercial establishments, industrial buildings and government offices to benefit from the net metering program under Republic Law 9513, also known as of the Renewable Energy Law of 2008.

Gatchalian said he would encourage more investment in renewable energy while providing savings support to industries that have the capacity to install electricity generators such as solar panels on their rooftops.

“The roof now becomes a resource. Kung mayroong kang (If you have) the roof, it’s as good as real estate kasi puwede kang magkabit doon ng panels to the mag-produce ng (because you can install panels and generate) income, ”Gatchalian, chairman of the Senate Energy Committee, said in a press release on Monday.

In tabling Senate Bill 2219, Gatchalian noted that the net metering program is not maximized because only 53 or 37.32% of the 142 distribution utilities (DUs) are qualified end users for net metering. as of March 31, 2021.

“Kung dati ang pinakasilbi ng rooftops is the protector property mo, ngayon maaari na rin itong maging instrumento for bumaba ang singil sa kuryente. Ngunit dahil sa limitasyon na nakasaad sa umiiral na batas, hindi ito naisasakatuparan (If roofs were used before to protect your property, it can now be an instrument to reduce the electricity bill. But due to the limitations provided by law, this cannot be done), ”he said. added.

In addition to removing the 100 kW cap, the bill mandates the Energy Regulatory Commission (ERC) to regularly determine the cap taking into account the possible effects on grid stability and the retail tariffs of captive customers and to further rationalize The submissions and licensing process must include minimum requirements for local government units, all within the timeframe provided by Republic Law 11234, also known as the Virtual Energy Single Window (EVOSS) Law. .

To further promote and encourage the commercial development of RE projects, RA 9513 has provided the Net Metering Program where electricity customers are allowed to install RE installation in their premises up to a capacity of 100 kW and any excess of he electricity not consumed is exported to a DU and in return, the customer is compensated by credits on his monthly bill.

RE installations above the 100 kW cap are not covered by the net metering program. (RP)

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3 renewable energy stocks that pay high dividends Sun, 13 Jun 2021 14:15:00 +0000

Renewable energy stocks have become great places to find dividends, as the industry relies on large capital deployments that pay off over years or decades. It’s the perfect type of investment for a finance company that uses regular cash flow to pay its shareholders.

There are many types of renewable energy dividend stocks in the market with different underlying assets. Three of the companies our Motley Fool renewable energy contributors love are Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI), NextEra energy partners (NYSE: NEP), and Brookfield Renewable Energy Partners (NYSE: BEP), and here’s why they’re designed to be great dividends for decades to come.

Image source: Getty Images.

A little bit of everything

Travis Hoium (Hannon Armstrong Capital Sustainable Infrastructure): Most companies that finance renewable energy projects focus on one or two areas. Wind or solar power can be a target or even a segment of the solar market like small solar installations. Hannon Armstrong has two remarkable advantages: he is ready to invest almost anywhere in renewable energy and he becomes more creative than most companies in his financing.

For example, 16% of Hannon Armstrong’s portfolio is simply land for solar projects, which developers lease for their power plants. Another example is the company that funds efficiency improvements for government buildings, which can generate high returns with a payback period of just a few years.

Hannon Armstrong’s flexibility allowed him to allocate money where the best returns are for the associated risk. The company reported in the first quarter that behind-the-meter projects (in which electricity flows directly to the customer’s point of demand without having to go through an electric meter) generated an efficiency of 8.4% versus 7.1. % for the more competitive network. connected assets. And that’s why projects behind the meter account for 48% of the company’s more than $ 3 billion renewable energy pipeline.

Hannon Armstrong’s 2.7% dividend yield is relatively high for energy stocks today. Given the company’s diversification and its ability to adjust capital investments to returns, this is my top choice among dividend paying renewable energy stocks.

High return, lower risk

Howard smith (NextEra Energy Partners): It makes sense that investors looking for a secure income focus on dividends. But sometimes a high dividend yield can also be a warning sign. The return can be high because the stock price has fallen due to issues with the fundamentals of the company. Additionally, companies may adopt a riskier strategy to support high dividend payments by borrowing rather than generating cash.

NextEra Energy Partners does not have the highest return available in the renewable energy sector. But the cash flow is supporting it and the company has a solid path for continued growth. This is due to the expected overall growth in renewable power generation capacity, as well as its unique position as a sister company of NextEra Energy Resources – the renewable part of the parent company. NextEra Energy (NYSE: NEE).

NextEra Energy Partners can continue to grow its portfolio and reduce costs by leveraging Energy Resources’ operating platform, as it recently did with an acquisition of over $ 700 million in assets. wind farms which it expects to close in the third quarter of 2021. The transaction of approximately 400 megawatts of capacity represents approximately 7% of the company’s total current production portfolio. This acquisition should provide 13 years of known liquidity available for distribution (CAFD) thanks to its contractual agreements.

NextEra Energy Partners expects its shareholder distributions to increase 12% to 15% per annum through 2024. This is in part due to the expected overall compound annual growth of 15% in the United States alone for the renewable energy production capacity until 2030.

Including its current 3.5% dividend yield, this is a significant potential opportunity for owners.

NEP chart

NEP given by YCharts

So, while there may be higher returns available in the space, the owners of NextEra Energy Partners are seeing respectable and reliable returns, along with growth prospects through expansion of the underlying industry.

A good entry-level renewable dividend stock

Daniel Foelber (Brookfield Renewable Power): Renewable energy stocks are often synonymous with growth. But many of the makers of pure-play components and technologies aren’t paying dividends.

The most common industries to find renewable dividend-paying stocks are utilities, infrastructure, and energy. Here, you’ll learn about companies that finance large-scale renewable projects, coordinate logistics, and sell electricity to end users. It’s a massive supply chain, so it’s easy to not know where to start.

A great entry-level company that is fairly easy to understand is Brookfield Renewable, one of the largest publicly traded renewable energy companies in the United States. It operates just under 19 gigawatts (GW) of renewable capacity and has an annualized long-term average output of over 56,300 GW-hours (GWh), which is enough to power approximately 5.3 million US homes for a whole year!

During its last quarter, Brookfield Renewable generated approximately 70% of its electricity from hydroelectric assets in North America, Brazil and Colombia. Despite the emphasis on hydropower, more than a third of its installed capacity is oriented towards wind and solar. The company also operates a large portfolio of energy storage. In addition to its existing assets, it has around 6 GW of capacity in its development pipeline.

Brookfield Renewable projects can vary in size and complexity. But as a business, its goals are simple. The company plans to use around 30% of its operating funds for its business and distribute the remaining 70% to shareholders as dividends. According to this model, he expects to be able to increase the dividend by 5 to 9% per year. The dividend is supported by predictable Free Cash Flow (FCF) linked to long-term, fixed-price power purchase agreements (PPAs). Its average PPA has a remaining lifespan of 14 years, and around 84% of production in 2021 is tied to long-term contracts. In other words, Brookfield’s income streams are predictable, which helps it better forecast its business needs and the feasibility of dividend increases.

Brookfield Renewable shares are down 30% year-to-date compared to a sizable 12% gain for the S&P 500. The stock now looks like a good buy given the discount, its 2.9% dividend yield, and the bright future of the renewable energy industry.

Own the renewable future

The common thread running through these companies is that they have assets that generate steady returns, sometimes for decades. And that stability is what makes the renewable energy dividends so valuable, and these three are our favorites.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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