Sourcing Renewables | Page 171

A new report from Frost & Sullivan suggests that the wind turbine materials market is likely to almost double at a compound annual growth rate of 8.9% due to the increasing demand for renewable energy amid volatile oil prices worldwide.

The City of Princeton, N.J., announced April 7 a new community renewable energy program that will provide an electric supply with 50% renewable energy content to residents at a slightly cheaper price than the local utility.

AECOM has announced a goal to reduce scope 1 and 2 emissions by 20% and supply chain emissions by 10% before 2025 and it has been approved by the Science Based Targets initiative (SBTi).

Renewable energy is expected to account for nearly 21% of the electricity in the United States this year, the highest percentage ever, despite falling oil and gas prices as the COVID-19 crisis upends the world economy.

The State of New York has created an Office of Renewable Energy Siting (ORES) that will expedite the process of approving new renewables projects larger than 25 MW and moving carbon-free electricity to load centers.

Antofagasta announced April 1 that they have signed a PPA that will allow them to source 100% of the energy needed to power their Centinela copper mines from renewable sources by 2022.

Northwestern University has successfully reduced energy usage per square foot by 18% since 2010 and achieved a 12% reduction in greenhouse gas emissions since 2012 through a combination of renewable energy and energy efficiency projects.

It's the weekend! Kick back and catch up with these must-read articles from around the web.

The hottest four-letter word of 2020 is MOPR (Minimum Offer Price Rule), which has become a top concern of clean energy advocates, advanced energy developers, and large power users. This column from Caitlin Marquis of Advanced Energy Economy explores the implications of this FERC rule, which poses a threat to both state clean energy policies and voluntary purchases of renewable energy in PJM - and offers an update following PJM's March compliance filing to FERC.