Renewable Energy 101

Renewable Energy 101

Wednesday, September 3, 2014 at 11:00 am PT. This essential introduction to renewable energy covers the basics of how clean energy operates in the U.S. electricity grid. The hour-long webinar reviews renewable energy terms and definitions, types and technology, geographic distribution of resources like wind and solar, the basics of transmission and project financing, renewable energy certificates (RECs) and utility green power programs, and REC tracking systems. We will also cover the state of the renewable energy marketplace, including a brief overview of politics, players, and policies.

This webinar is perfect for people new to the industry, and those who want a broad, high-level overview of the clean energy landscape in the U.S.

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Center for Resource Solutions

September 03, 2014
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Transcript

  1. 1.

    RENEWABLE ENERGY 101 What it is, where it is, how

    it works, why it matters September 3, 2014 Jeff Swenerton Communications Director
  2. 2.

    Outline 1.  What is Renewable Energy? 2.  Basics of the

    U.S. Electricity Grid 3.  Renewable Energy Certificates 4.  Renewable Energy Markets 5.  Renewable Energy Project Financing (Plus: If Renewable Energy is So Great, Why Aren’t We Building It Faster?) 6.  Homework
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    Wind Solar Geothermal Biomass Low-Impact Hydro not big hydro not

    nuclear not “clean” coal not natural gas
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    The Problem With Coal Americans use 18 pounds of coal

    every day Coal is responsible for 39% of global CO2 emissions Coal provides 40% of the world’s electricity
  7. 12.

    A Megawatt Hour (MWh) is an amount of electricity, about

    what the average U.S. home uses in a month. A Megawatt Hour is 1,000 Kilowatt Hours (KWh). What the Heck is a KWHMWHMW?
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    Electricity consumption per capita 13,246 kWh per capita in U.S.

    Data from World Bank, World Development Indicators Last updated: September 2, 2014
  16. 32.

    Two Ways to Buy Renewable Energy Sign up for a

    green pricing program. Buy renewable energy certificates (RECs).
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    nd for new renewable energy due to existing state RPS

    policies is expected to b 140 million megawatt-hour (MWh) (Barbose 2013). ure 1. Comparison of compliance and voluntary markets for new renewable ener - 10 20 30 40 50 60 70 80 90 2006 2007 2008 2009 2010 2011a 2012 Millions of MWh Voluntary Compliance (new renewables) a Voluntary vs. Compliance Markets
  19. 38.

    Voluntary Market Breakdown Figure 2. Estimated annual voluntary sales by

    market sector, 2006–2012 a Voluntary sales for 2011 are estimated as the mid-point of 2010 and 2012 sales. 0 10 20 30 40 50 60 2006 2007 2008 2009 2010 2011a 2012 Millions of MWh Unbundled Renewable Energy Cerficiate (REC) Markets Competitive Markets Utility Green Pricing a
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    Project Financing in Brief Power Purchase Agreement (PPA) Renewable Energy

    Certificates Tax breaks, permitting Legislative Support (tax credits) Production Tax Credit (PTC) Investment Tax Credit (ITC)
  23. 44.

    Historic Natural Gas Volatility Henry Hub Gulf Coast Natural Gas

    Price, in $ per Milllion BTUs. Source: U.S. EIA. Accessed October 9, 2013
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    ?