THE MOTLEY FOOL: India Sets Lofty (and Improbable) Goal for Solar Energy
India has grown tired of being reliant on foreign coal for electricity and is making a big bet on a resource it has plenty of: solar energy.
The country has laid out a plan to install 100 GW of solar by 2022 — enough solar to power the equivalent of 16.4 million American homes. But the Indian electricity industry may not be ready to install that much solar, and the grid itself may not be able to handle the influx of energy. This presents both an opportunity and a challenge for the solar industry. However, it’s better to see big goals that might not be reached and set up the infrastructure for future success in the process.
THE WALL STREET JOURNAL: Next Texas Energy Boom: Solar
A new energy boom is taking shape in the oil fields of west Texas, but it’s not what you think. It’s solar.
Solar power has gotten so cheap to produce—and so competitively priced in the electricity market—that it is taking hold even in a state that, unlike California, doesn’t offer incentives to utilities to buy or build sun-powered generation.
Pecos County, about halfway between San Antonio and El Paso and on the southern edge of the prolific Permian Basin oil field, could soon play host to several large solar-energy farms responsible for about $1 billion in investments, according to state tax records.
CNBC: Harry Reid weighs in on Nevada’s solar wars
Harry Reid has long advocated for renewable energy in Congress, but now the senator is wading directly into an ongoing battle over rooftop solar power in his home state of Nevada. In an interview with the the Las Vegas Sun last week, the Nevada congressman shared his belief that the state’s largest utility, NV Energy, is taking an aggressive stance that could thwart the residential solar industry. Warren Buffett’s Berkshire Hathaway acquired the utility in 2013.
Reid, a Democrat who is the Senate minority leader, was referring to a proposal by NV Energy that could deal a blow to Nevada’s rooftop solar industry, according to solar supporters.
MARKET WATCH: Solar CrowdSource Launches First Solar Energy Program of Its Kind
Through its easy-to-use online platform, Solar CrowdSource gives users access to more affordable alternative energy with three unique solar energy programs. Specializing in providing solar crowdsourcing opportunities for local governments, utilities, communities and individuals alike, the first comprehensive solar platform of its kind in the U.S. brings together Community Solar, Solarize and Crowdfunding programs in one place for Georgians to go in on the cost of solar together. The results are lower electric bills, greener communities and smart investments.
Demand for solar energy is at an all-time high, but not everyone is able to reap the benefits, whether because of the cost of installation, inability to take advantage of tax incentives or an ineligible property for solar panels. What’s more, investors or developers who would like to make this socially responsible, green investment need expert support to navigate the complex process.