Renewable Energy Passes the 50 Percent Mark for New USA Electricity Capacity

Renewable-energy

Corning Inc. reached a 25-year agreement to purchase 62.5% of the expected electricity output from a solar farm that Duke Energy Corp. is constructing in North Carolina.

Biomass accounted for 5.6 percent of energy production, followed by hydro-power at 2.8 percent, wind at 2 percent, solar at 0.5 percent and geothermal at 0.3 percent. “We believe this decision fits our corporate mission to be a good steward of the environment”.

“Serving Corning’s commitment to clean energy is a great example of the customer-centric solutions we can offer to organizations”, said Greg Wolf, president of Duke Energy’s Commercial Portfolio.

India’s Ministry of New & Renewable Energy has reported progress on the ambitious program of setting up ultra mega solar power projects across the country. “It is a strong indication that long-term renewable energy contracts are becoming increasingly relevant to all Fortune 500 companies and will soon become the standard way of running business”.

The project, which is based in Lokoja, Kogi State, is expected to provide renewable energy supply to about 175,000 people and nearby industrial clusters, support job creation, and boost economic growth in the country.

“The share of energy generation from solar, wind and bioenergy sources in NSW has more than doubled over the past four years since 2010”. “Through this project, IFC is also supporting the Federal Government’s strategy to add more renewable energy generation, especially solar, to the energy mix in Nigeria.” she added.

Installed global renewable electricity capacity continued to increase and represents 28.5% of total electricity capacity globally in 2014.

The first project will be a 60 megawatts facility that will be developed near Monroe in Union County.

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