Coalition Letter to Congressional Leaders to Extend Section 1603
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Good Energy - 2015 Highlights 4 – 5
Annual Report & Financial Statements 2015 Contents Annual Report & Financial Statements Year ended 31 December 2015 2015 Strategic Report Strategic Annual Report Good Energy - 2015 highlights 4 – 5 Strategic Report 6 – 17 Chairman’s Statement 7 – 8 Strategic Review 9 – 11 Chief Executive’s Review 12 – 15 Chief Financial Officer’s Review 16 – 17 Directors’ Report Directors’ The Good Energy Group PLC Board 18 – 19 Directors’ Report 21 – 34 Directors’ Remuneration Report 31 – 34 Independent Auditors’ Report to the members of Good Energy Group PLC 35 – 39 Financial Statements Consolidated Statement of Comprehensive Income 41 Consolidated Statement of Financial Position 42 Parent Company Statement of Financial Position 43 Financial Statements Consolidated Statement of Changes in Equity 44 Parent Company Statement of Changes in Equity 45 Consolidated Statement of Cash Flows 46 Parent Company Statement of Cash Flows 47 Notes to the Financial Statements 48 – 90 Directors and Corporate Resources 91 3 Good Energy - 2015 highlights Revenue Gross profit EBITDA Compound annual growth Compound annual growth Compound annual growth over five years: 26% over five years: 27% over five years: 42% EBITDA is calculated using operating profit before exceptional costs. PBT Non current assets Compound annual growth Compound annual growth over five years: -29% over five years: 37% Financial summary Revenue increased 12% to £64.3m Cash balance £4.8m Gross profit increased by 13% to £21.3m Net debt £54.0m EBITDA increased by 28% to £7.3m Basic (loss) / earnings per share (1.4p) Profit before tax of £0.1m Total dividend for the year maintained at 3.3p 4 Strategic Report Strategic Customer growth Customers Good Energy continues to Electricity customer numbers grew 32% Directors’ Report Directors’ to 68,000 focus on building its customer base and delivering excellent Gas customer numbers rose 55% to 38,800 customer service. -
Town of Amherst Request for Proposals
TOWN OF AMHERST REQUEST FOR PROPOSALS FOR OLD LANDFILL REUSE PROPOSAL Presented by: In partnership with: Letter of Transmittal............................................................................................................... 5 Executive Summary ................................................................................................................ 8 1. Evaluation Criteria ............................................................................................................ 10 1.1. Proposal protects the existing landfill caps. ...............................................................................10 1.2. Proposal protects operation of landfill gas systems...................................................................10 1.3. Experience of team proposing project........................................................................................10 1.4. Risk to human, health and the environment..............................................................................11 1.5. Effect on the environment..........................................................................................................11 1.6. Project compatibility with neighboring properties.....................................................................12 1.7. Noise levels from use of site.......................................................................................................12 1.7. Best compensation to Town of Amherst ....................................................................................13 -
Are DOE Loan Guarantees an Energy Policy Mistake?
Greentech Media http://www.greentechmedia.com/articles/print/Are-DOE-Loan-Guarantee... RESEARCH & ANALYSIS | POLICY ERIC WESOFF: JUNE 2, 2011 Are DOE Loan Guarantees an Energy Policy Mistake? It’s the Liberals versus the Libertarians: Is the DOE Loan Guarantee Program a righteous creator of jobs and new industry or a wrongful use of taxpayer money? The United States DOE Loan Guarantee Program has disbursed $30.7 billion and claims to have created or saved 62,350 jobs. The loan program has three categories: Section 1703 of Title XVII of the Energy Policy Act of 2005 authorizes the DOE to support innovative clean energy technologies that are typically unable to obtain conventional private financing due to high technology risks. Section 1705 is a temporary program designed to address the current economic conditions of the nation. It authorizes loan guarantees for certain renewable energy systems, electric power transmission systems and leading edge biofuels projects that commence construction no later than September 30, 2011. The Advanced Technology Vehicles Manufacturing (ATVM) Loan Program consists of direct loans to support the development of advanced technology vehicles and associated components in the U.S. The more publicized loan guarantee recipients include Solyndra , BrightSource Energy , Ford, Fisker , and Tesla. (See the more complete list of loan recipients at the end of this article.) The Loan Program Office (LPO) has issued conditional commitments to 13 power generation projects with cumulative project costs of over $27 billion. This represents a greater investment in clean energy generation projects than the entire private sector made in 2009 ($10.6 billion), and almost as much as was invested in such projects in 2008 -- the peak financing year to date ($22.6 billion), according to the DOE. -
BNEF Long Form
THE EVOLVING LANDSCAPE FOR EPCS IN US RENEWABLES 14 OCTOBER 2014 SECTION 4. THE PLAYERS This section of the report analyzes players in EPC for solar and wind in the US. About this analysis This section is based mostly on data gathered from companies’ websites. Much of this analysis relies on linking firms to projects in our database, which contains nearly 3,000 wind and solar projects in the US at various stages of development. The information mapping projects to their EPCs is captured in our Industry Intelligence database, available to subscribers of our service. There are a number of assumptions, caveats, and methodological points that are important to note in the context of this analysis; an Appendix at the end of this report identifies these. 4.1. LEAGUE TABLES The charts below show the top EPC firms for solar and wind, ranked strictly in terms of historic activity – ie, this does not reflect any kind of qualitative assessment about firms’ competencies. • Top-ranked solar EPCs includes the three vertically-integrated giants – SunPower, First Solar, and SunEdison – and some EPC specialists, like Bechtel and Fluor, that have performed a small number of very large projects. • The league tables for wind are headlined by Mortenson, IEA, RES Americas, and Blattner (with Blattner under-represented, as explained in the Appendix). Figure 8: Top EPC firms for US utility-scale solar (GW of Figure 9: Top EPC firms for US wind (GW of ‘active’ ‘active’ projects) projects) 0.0 0.5 1.0 1.5 2.0 0 4 8 12 SunPower MA Mortenson Co First Solar Inc IEA / White Construction MA Mortenson Co RES Americas E Light Wind and Solar Michels Corp Abengoa Blattner Energy Inc Bechtel Power Corp Wanzek Construction SunEdison Fluor Rosendin Electric Inc AMEC Tetra Tech Construction Inc Strata Solar LLC Signal Energy LLC Blymyer Engineers Dashiell Swinerton Inc TVIG / American Helios Blattner Energy Inc Reed & Reed Inc Baker Electric S&C Electric Co Blue Oak Energy Inc Barton Malow Co ARB Jay Cashman, Inc. -
Estimating the Quantity of Wind and Solar Required to Displace Storage-Induced Emissions † ‡ Eric Hittinger*, and Ineŝ M
Article Cite This: Environ. Sci. Technol. 2017, 51, 12988-12997 pubs.acs.org/est Estimating the Quantity of Wind and Solar Required To Displace Storage-Induced Emissions † ‡ Eric Hittinger*, and Ineŝ M. L. Azevedo † Department of Public Policy, Rochester Institute of Technology, Rochester, New York 14623, United States ‡ Department of Engineering & Public Policy, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213, United States *S Supporting Information ABSTRACT: The variable and nondispatchable nature of wind and solar generation has been driving interest in energy storage as an enabling low-carbon technology that can help spur large-scale adoption of renewables. However, prior work has shown that adding energy storage alone for energy arbitrage in electricity systems across the U.S. routinely increases system emissions. While adding wind or solar reduces electricity system emissions, the emissions effect of both renewable generation and energy storage varies by location. In this work, we apply a marginal emissions approach to determine the net system CO2 emissions of colocated or electrically proximate wind/storage and solar/storage facilities across the U.S. and determine the amount of renewable energy ff fi required to o set the CO2 emissions resulting from operation of new energy storage. We nd that it takes between 0.03 MW (Montana) and 4 MW (Michigan) of wind and between 0.25 MW (Alabama) and 17 MW (Michigan) of solar to offset the emissions from a 25 MW/100 MWh storage device, depending on location and operational mode. Systems with a realistic combination of renewables and storage will result in net emissions reductions compared with a grid without those systems, but the anticipated reductions are lower than a renewable-only addition. -
Alphabet's 2019 CDP Climate Change Report
Alphabet, Inc. - Climate Change 2019 C0. Introduction C0.1 (C0.1) Give a general description and introduction to your organization. As our founders Larry and Sergey wrote in the original founders' letter, "Google is not a conventional company. We do not intend to become one." That unconventional spirit has been a driving force throughout our history -- inspiring us to do things like rethink the mobile device ecosystem with Android and map the world with Google Maps. As part of that, our founders also explained that you could expect us to make "smaller bets in areas that might seem very speculative or even strange when compared to our current businesses." From the start, the company has always strived to do more, and to do important and meaningful things with the resources we have. Alphabet is a collection of businesses -- the largest of which is Google. It also includes businesses that are generally pretty far afield of our main internet products in areas such as self-driving cars, life sciences, internet access and TV services. We report all non- Google businesses collectively as Other Bets. Our Alphabet structure is about helping each of our businesses prosper through strong leaders and independence. We have always been a company committed to building products that have the potential to improve the lives of millions of people. Our product innovations have made our services widely used, and our brand one of the most recognized in the world. Google's core products and platforms such as Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube each have over one billion monthly active users. -
Lessons from the Solar Leasing Boom in California
Improving Solar Policy: Lessons from the solar leasing boom in California Climate Policy Initiative Andrew Hobbs Elinor Benami Uday Varadarajan Brendan Pierpont July 2013 A CPI Report Acknowledgements The authors thank the following organizations and professionals for their collaboration and input: Marzia Zafar and Robert Kinosian of CPUC, Michael Mendelsohn, Carolyn Davidson,and Easan Drury of NREL; Varun Rai and Ben Sig- rin of University of Texas – Austin; Jorge Medina and John Stanton of Solar City; Holly Gordon and Walker Wright of Sun Run, Darren Deffner of SEPA; Philip Shen of Roth Capital; Kevin Hurst of the U.S. Office of Science and Technol- ogy Policy, James Fine of the Environmental Defense Fund, Judson Jaffe of the U.S. Treasury; and Eric Gimon of the Vote Solar Initiative. The perspectives expressed here are CPI’s own. Finally the authors would like to acknowledge inputs, comments and internal review from CPI staff: David Nelson, Jeff Deason, Kath Rowley, Rodney Boyd, Wenjuan Dong, Tim Varga, Elysha Rom-Povolo, and Ruby Barcklay. Descriptors Sector Renewable Energy Region U.S. Keywords Solar; PV; leasing; business models; renewable energy Contact Andrew Hobbs [email protected] About CPI Climate Policy Initiative is a team of analysts and advisors that works to improve the most important energy and land use policies around the world, with a particular focus on finance. An independent organization supported by a grant from the Open Society Foundations, CPI works in places that provide the most potential for policy impact including Brazil, China, Europe, India, Indonesia, and the United States. Copyright © 2013 Climate Policy Initiative www.climatepolicyinitiative.org All rights reserved. -
Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives
Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives DONALD VIAL CENTER ON EMPLOYMENT IN THE GREEN ECONOMY Institute for Research on Labor and Employment University of California, Berkeley November 10, 2014 By Peter Philips, Ph.D. Professor of Economics, University of Utah Visiting Scholar, University of California, Berkeley, Institute for Research on Labor and Employment Peter Philips | Donald Vial Center on Employment in the Green Economy | November 2014 1 2 Environmental and Economic Benefits of Building Solar in California: Quality Careers—Cleaner Lives Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives DONALD VIAL CENTER ON EMPLOYMENT IN THE GREEN ECONOMY Institute for Research on Labor and Employment University of California, Berkeley November 10, 2014 By Peter Philips, Ph.D. Professor of Economics, University of Utah Visiting Scholar, University of California, Berkeley, Institute for Research on Labor and Employment Peter Philips | Donald Vial Center on Employment in the Green Economy | November 2014 3 About the Author Peter Philips (B.A. Pomona College, M.A., Ph.D. Stanford University) is a Professor of Economics and former Chair of the Economics Department at the University of Utah. Philips is a leading economic expert on the U.S. construction labor market. He has published widely on the topic and has testified as an expert in the U.S. Court of Federal Claims, served as an expert for the U.S. Justice Department in litigation concerning the Davis-Bacon Act (the federal prevailing wage law), and presented testimony to state legislative committees in Ohio, Indiana, Kansas, Oklahoma, New Mexico, Utah, Kentucky, Connecticut, and California regarding the regulations of construction labor markets. -
First Solar Investor Overview
FIRST SOLAR INVESTOR OVERVIEW IMPORTANT INFORMATION Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning: effects resulting from certain module manufacturing changes and associated restructuring activities; our business strategy, including anticipated trends and developments in and management plans for our business and the markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, products, projected costs (including estimated future module collection and recycling costs), warranties, solar module technology and cost reduction roadmaps, restructuring, product reliability, investments in unconsolidated affiliates, and capital expenditures; our ability to continue to reduce the cost per watt of our solar modules; the impact of public policies, such as tariffs or other trade remedies imposed on solar cells and modules; our ability to expand manufacturing capacity worldwide; our ability to reduce the costs to construct photovoltaic (“PV”) solar power systems; research and development (“R&D”) programs and our ability to improve the conversion efficiency of our solar modules; sales and marketing initiatives; the impact of U.S. tax reform; and competition. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this presentation. -
Fulfilling the Promise of Concentrating Solar Power Low-Cost Incentives Can Spur Innovation in the Solar Market
AGENCY/PHOTOGRAPHER ASSOCIATED PRESS ASSOCIATED Fulfilling the Promise of Concentrating Solar Power Low-Cost Incentives Can Spur Innovation in the Solar Market By Sean Pool and John Dos Passos Coggin June 2013 WWW.AMERICANPROGRESS.ORG Fulfilling the Promise of Concentrating Solar Power Low-Cost Incentives Can Spur Innovation in the Solar Market By Sean Pool and John Dos Passos Coggin May 2013 Contents 1 Introduction and summary 3 6 reasons to support concentrating solar power 5 Concentrating solar power is a proven zero-carbon technology with high growth potential 6 Concentrating solar power can be used for baseload power 7 Concentrating solar power has few impacts on natural resources 8 Concentrating solar power creates jobs Concentrating solar power is low-cost electricity 9 Concentrating solar power is carbon-free electricity on a budget 11 Market and regulatory challenges to innovation and deployment of CSP technology 13 Low-cost policy solutions to reduce risk, promote investment, and drive innovation 14 Existing policy framework 15 Policy reforms to reduce risk and the cost of capital 17 Establish an independent clean energy deployment bank 18 Implement CLEAN contracts or feed-in tariffs Reinstate the Department of Energy’s Loan Guarantee Program 19 Price carbon Policy reforms to streamline regulation and tax treatment 20 Tax reform for capital-intensive clean energy technologies Guarantee transmission-grid connection for solar projects 21 Stabilize and monetize existing tax incentives 22 Further streamline regulatory approval by creating an interagency one-stop shop for solar power 23 Regulatory transparency 24 Conclusion 26 About the authors 27 Endnotes Introduction and summary Concentrating solar power—also known as concentrated solar power, concen- trated solar thermal, and CSP—is a cost-effective way to produce electricity while reducing our dependence on foreign oil, improving domestic energy-price stabil- ity, reducing carbon emissions, cleaning our air, promoting economic growth, and creating jobs. -
How Community Solar Supports American Farmers February 2020
How Community Solar Supports American Farmers February 2020 How Community Solar Supports American Farmers February 2020 Dave Gahl - Senior Director of State Affairs, Northeast www.seia.org 1 How Community Solar Supports American Farmers February 2020 Introduction As family farms are increasingly squeezed to make Community solar lease payments can provide an ends meet, farmers all over the country have found a economic lifeline to farmers, allowing farm operations new revenue stream that helps support their bottom to stay within families. In addition to generating local line: community solar projects. revenue, these projects help states make progress toward meeting their clean energy and climate goals. This fast-growing segment of the solar industry is now authorized in 19 states and Washington D.C. This short paper explains the community solar Companies specializing in community solar are model, describes the typical arrangements farmers increasingly negotiating deals with farmers to lease enter into with companies that build these projects, portions of their land to build these projects. As more presents five case studies from different states and more states continue encouraging the growth of showing the ways in which agricultural operations community solar, farmers – and landowners more have benefited from community solar on their generally – should be aware of the benefits of this property, and offers resources to help landowners potential new revenue stream. and solar firms. SEIA intends to update this document periodically and add new case studies from across the country. What is Community Solar? Community solar allows residents, small businesses, organizations, municipalities and others to receive credit on their electricity bills for the power produced from their portion of a solar array, offsetting their electricity costs. -
Thin Film Cdte Photovoltaics and the U.S. Energy Transition in 2020
Thin Film CdTe Photovoltaics and the U.S. Energy Transition in 2020 QESST Engineering Research Center Arizona State University Massachusetts Institute of Technology Clark A. Miller, Ian Marius Peters, Shivam Zaveri TABLE OF CONTENTS Executive Summary .............................................................................................. 9 I - The Place of Solar Energy in a Low-Carbon Energy Transition ...................... 12 A - The Contribution of Photovoltaic Solar Energy to the Energy Transition .. 14 B - Transition Scenarios .................................................................................. 16 I.B.1 - Decarbonizing California ................................................................... 16 I.B.2 - 100% Renewables in Australia ......................................................... 17 II - PV Performance ............................................................................................. 20 A - Technology Roadmap ................................................................................. 21 II.A.1 - Efficiency ........................................................................................... 22 II.A.2 - Module Cost ...................................................................................... 27 II.A.3 - Levelized Cost of Energy (LCOE) ....................................................... 29 II.A.4 - Energy Payback Time ........................................................................ 32 B - Hot and Humid Climates ...........................................................................