Wednesday, September 20, 2017

Brazil Holds Auction to Cancel Renewable Energy Contracts

On August 28, 2017, Brazil conducted something relatively unheard of -- its first ever "cancellation auction".  Wind, hydro and solar developers were given the opportunity to cancel future power contracts for a price, instead of having their performance bonds called. In total 557.4 MW were canceled; 307.7 MW were associated with 16 wind farms and 249.7 MW were associated with 9 solar parks. No hydroelectric contracts were canceled. Early reports show that there are more than 8,000 MW in renewable energy under development in Brazil.  The total number of megawatts canceled were fewer than many market observers had expected. 

Monday, September 11, 2017

Learn More: Round 2 Results of Contracts for Difference

Contracts for Difference: round 2 results

As predicted, the biggest winner of Contracts for Difference (CfD) in the second allocation round (AR2) was offshore wind. AR2 will bring over 3.1 GWs of offshore wind at strike prices that were up to 50 percent lower than those awarded in the first auction in 2015. Read more about the second allocation round results here.

Thursday, September 7, 2017

Hawaii’s Utilities Moving Forward on State’s Ambitious RPS Goals

by Todd Alexander, in New York and Jacob Yaniero, in Washington, DC

Hawaii’s big utilities now have a plan for meeting the most ambitious renewable portfolio standards (RPS) in the country. The Hawaii Public Utilities Commission accepted a plan last month submitted by Hawaiian Electric, Maui Electric and Hawaii Electric Light (collectively, the Hawaiian Electric Companies) that will add significant renewable capacity to a grid that is already one of the nation’s leaders.

Wednesday, September 6, 2017

Power Ledger Concludes Token Offering

by Jason Lewis, in New York

Power Ledger, a company based in Perth, Australia, has now concluded its sale of tokens for a peer-to-peer platform that will enable renewable energy trading among businesses and households. The company initially offered its “POWR” tokens on Sunday, August 27. As of August 30, more than ninety million tokens had been sold, which represented more than 90 percent of the amount it initially offered.  An additional offering is planned for September 2017.