Ohio enacts tough renewable law
OHIO - In a unanimous vote, the Ohio legislature has passed a new bill requiring 12.5% of Ohio's energy be generated from renewable sources like wind and solar.
Ohio now becomes the 26th state, including California, New York and Texas, to adopt renewable energy portfolio standards (RPS) - tough new laws which are creating one of the most dramatic shifts in the delivery of energy to American consumers ever.
Dozens of planned coal, natural gas and diesel-fired power plants have been cancelled across the country. Instead, 60-gigawatts of wind and solar power (enough energy to serve 20 million American homes) will be constructed, according to a new study by the Lawrence Berkeley National Laboratory.
Not surprisingly, wind and solar companies are enjoying record growth. Solar wafer maker ReneSola and photovoltaic company Yingli Green Energy both received upgrades from analysts at Piper Jaffray recently.
But as busy as the solar companies are wind is America's renewable energy of choice. Last year the wind industry installed an astonishing 5244-megawatts of new wind power outpacing solar's 254-megawatts by 20-1. The American Wind Energy Association estimates Ohio's new RPS law on its own will result in at least $10 billion of new wind energy project investments.
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How Canada can capitalize on U.S. auto sector's abrupt pivot to electric vehicles
TORONTO - The storied North American automotive industry, the ultimate showcase of Canada’s high-tensile trade ties with the United States, is about to navigate a dramatic hairpin turn.
But as the Big Three veer into the all-electric, autonomous era, some Canadians want to seize the moment and take the wheel.
“There’s a long shadow between the promise and the execution, but all the pieces are there,” says Flavio Volpe, president of the Automotive Parts Manufacturers’ Association.
“We went from a marriage on the rocks to one that both partners are committed to. It could be the best second chapter ever.”
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