Odin Global’s Post

Last month, the Queensland Government passed new renewable energy legislation, marking a pivotal moment in the state’s transition towards greener energy sources, creating jobs, driving economic growth, and securing Queensland’s place at the centre of a global energy transformation. The new laws aim to strengthen Queensland’s renewable energy sector by facilitating greater investment in large-scale projects and supporting the transition to a low-carbon economy. The bill underscores the government’s commitment to reducing greenhouse gas emissions and increasing renewable energy capacity, aligning with broader global efforts to combat climate change. Read the full article here: https://lnkd.in/gTxNDnxw Looking for a solar partner, touch base. #commercialsolarsolutions #solarpanels #sustainability

Crucial findings direct from those who are in the know about the real impacts of voluntary renewable energy markets.

On the impact of #renewableenergycertificates - good summary of how they can #empowerconsumers to #incentivize producers of #renewable energy #EACs #GuaranteesOfOrigin #RECs

Last fall, Center for Resource Solutions submitted a preview of research from Clean Kilowatts on the critical role of voluntary Renewable Energy Certificates (RECs) in driving renewable energy development. This preview was submitted in response to Science Based Targets initiative's Call for Evidence on the Effectiveness of Environmental Attribute Certificates in Climate Targets. 🔍 Key findings included: • REC price is a misleading proxy: REC prices do not accurately reflect their impact on new renewable energy project development. In practice, the effects of voluntary REC procurement are more nuanced. • Critical role of REC revenues: Most renewable projects depend on the existence of REC revenues to meet financial targets and secure financing. • Long-term contract demand = REC demand: Voluntary demand for power and RECs are intertwined. Most voluntary buyers only sign long-term power contracts to obtain RECs. • Corporate buyers would be hard to replace: Voluntary corporate buyers support development at a pace and scale unmatched by other sources. • All market transactions facilitate the transition to renewable energy: A variety of REC transactions, including unbundled and secondhand markets, contribute to the achievement of 100% renewable targets. Check out the preview and join the author, Eric O´Shaughnessy, at CRS’s Renewable Energy Markets™ (REM™) conference, September 16-18, 2024, in Denver. 🔗 Publication Preview: https://bit.ly/46oVGRL 🔗 REM™ 2024: https://lnkd.in/g7th2KMT #RenewableEnergy #Sustainability #CleanEnergy #RenewableEnergyCertificates #RECs #ClimateAction #GreenEnergy #EnvironmentalImpact #EnergyPolicy #REM2024

Do #renewableenergycertificates (#RECs) make any impact in the real world, or do they just help buyers feel better about subsidizing projects that would have happened anyway? CRS is objectively raising this question and is releasing preliminary answers based on the primary and secondary research linked below...

Last month, the Queensland Government passed new renewable energy legislation, marking a pivotal moment in the state’s transition towards greener energy sources, creating jobs, driving economic growth, and securing Queensland’s place at the centre of a global energy transformation. The new laws aim to strengthen Queensland’s renewable energy sector by facilitating greater investment in large-scale projects and supporting the transition to a low-carbon economy. The bill underscores the government’s commitment to reducing greenhouse gas emissions and increasing renewable energy capacity, aligning with broader global efforts to combat climate change. Read the full article here: https://lnkd.in/gyaFYuvn Looking for a solar partner, reach out to me. #commercialsolarsolutions #solarpanels #sustainability

A recent Reuters article highlights the U.S. Government's plan to accelerate the transition to a decarbonized power sector by expanding solar energy on federal lands. At Galway, we are committed to advancing next-generation infrastructure and creating lasting social and environmental benefits. We take pride in partnering with entrepreneurs and developers to finance sustainable energy initiatives that enhance climate resilience and reduce greenhouse gas emissions. Last year, our investments in renewable power generated 10,473 MWh of energy and developed 715 MW for future generation.   Read more about our approach to investing, and the benefits we are achieving, in our annual impact report here: https://lnkd.in/eipDM3aw   For the full article on the solar energy expansion, click here: https://lnkd.in/dg7kTNRu   #sustainability #infrastructure #solarenergy #sustainableinvesting

From our latest Utility Scale Energy Storage Market Report: The UK government remains committed to reducing greenhouse gas (GHG) emissions in line with the Paris Agreement and its own Net Zero by 2050 targets. Despite challenges such as limited public awareness of renewable energy and outdated planning policies, a significant number of projects are in the development pipeline. This surge has created a backlog for grid connections, with some developers facing waiting times of up to 10 years. As a result, many 'shovel ready' projects cannot proceed because district network operators (DNOs) must prioritise less developed projects that are higher on the waiting list. Read our BESS Market Analysis Review here - https://lnkd.in/dUb2TZ3c #BESS #NetZero #Sustainability #Construction #MarketResearch

Cornwall has become the first local authority area in the UK to exceed 40,000 renewable energy installations. According to the Microgeneration Certification Scheme (MCS), 29,179 of these installations are solar panels, demonstrating Cornwall’s significant progress in adopting solar energy. Councillor Martyn Alvey, Cabinet Member for Environment and Climate Change, emphasised that renewable energy in residential properties will play a crucial role in supporting Cornwall’s carbon neutrality objectives #RenewableEnergy #Sustainability #CarbonNeutral #SolarPower #CleanEnergy #Cornwall https://bbc.in/4965OAo

The UK continues to demonstrate a strong commitment to expanding its renewable energy infrastructure, with solar power playing a critical role in achieving national net-zero targets. I have read the article today (see link below) that the Staffordshire Moorlands District Council recently approved an expansion of the Blythe Solar Farm, increasing its solar capacity to 44.3MWp and integrating a 30MW battery energy storage system. This project is part of a broader strategy to support local councils, like Staffordshire Moorlands, in their efforts to become carbon neutral by 2030. In Somerset, the approval of several solar projects, including a 22MW development in Taunton, underscores the regional commitment to renewable energy. These projects are not just about increasing energy capacity but also enhancing biodiversity, with some developments achieving biodiversity net gains well above the national requirements. The UK government's continued support for solar energy and the recent adjustments to the National Planning Policy Framework (NPPF) reflect a recognition of renewable energy as critical national infrastructure. These policies emphasize the importance of renewable energy for national security, economic growth, and environmental sustainability. As the UK continues to push forward with its renewable energy agenda, solar power remains at the forefront of this transition, driving both local and national efforts to create a sustainable and resilient energy future. #RenewableEnergy, #SolarPower, #NetZeroUK