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January 14 Green Energy News

Headline News:

  • A recently released report from the NC Clean Energy Technology Center suggests that in almost every one of America’s 50 largest cities, a solar PV system of typical size offers a better return than the stock market, and for 42 of them, the cost of solar is already less than from their local utility. [CleanTechnica]
  • Analysis of the impact US tight oil has on global oil markets shows that only around one quarter of the drop in US imports of 1.7 million barrels per day since 2005 to 2006 can be explained by the tight oil boom. Oil imports dropped by about 1 million barrels per day before the tight oil boom even began. [Resilience]
  • The Lake Erie Energy Development Corporation recently wrote a piece highlighting the impressive potential for offshore wind development in the US. The figures say the US has a projected 4,223 GW worth of offshore wind generating potential, with 50 GW from the Ohio waters of Lake Erie alone. [CleanTechnica]
  • Investment bank Deutsche Bank is predicting that solar systems will be at grid parity in up to 80% of the global market within 2 years, and says the collapse in the oil price will do little to slow down the solar juggernaut. Grid-based electricity prices are rising across the world, and solar costs are still falling. [CleanTechnica]
  • GDF Suez is the latest European energy giant announcing plans to focus more on renewable projects. The French utility aims to double its power generation capacity from renewable energy in Europe by 2025, with emphasis on marine energies. It will have a renewables capacity of 21 GW by the end of 2015. [Utilities-ME.com]

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