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‘The Next Big Renewable Fuel? Accountants’

first_img‘The Next Big Renewable Fuel? Accountants’ FacebookTwitterLinkedInEmailPrint分享Bloomberg News:What’s the most important innovation behind the rise of renewable energy: Taller wind turbines? Smart power grids? Spray-on solar cells?None of the above. For all the advances made by engineers that cut the cost of solar modules and new wind generation by more than half in five years, the true heroes of the renewables revolution may be a group that’s rarely recognized: accountants.To see why, consider the headlong growth of corporate power-purchase agreements — contracts where major consumers strike deals with generators to buy a fixed quantity of electricity over a decade or so.From humble beginnings around 2008, when the likes of Alphabet Inc., Apple Inc. and Facebook Inc. starting taking out PPAs to power their vast data centers, these agreements grew by leaps and bounds. In the latest, between Anheuser-Busch InBev NV and Enel SpA last week, a wind farm in Oklahoma will supply half of the brewer’s U.S. electricity demand, sufficient to produce 20 billion beers a year.The capacity of renewable PPAs signed to date is more than 20 gigawatts, according to Bloomberg New Energy Finance’s Justin Wu, greater than the generation capacity of Switzerland or the Philippines.Promising to power your business with 100 percent renewable electricity certainly produces a warm fuzzy feeling in executives, but the success of PPAs can’t be put down to that alone. Far more important has been the greatest force in financial markets: risk.Power is one of the largest costs for many enterprises. Among the growing group committed to 100 percent renewables, Alphabet consumes 5.7 million megawatt hours a year and Anheuser-Busch InBev NV uses 14.6 million MWh, with electricity forming the lion’s share.It’s hard for businesses to control this cost. In the NP15 energy market that serves Silicon Valley, spot day-ahead electricity prices have veered as low as $20/MWh and as high as $130/MWh over the past decade.By entering a PPA with a renewable company whose generation costs are more or less fixed at the commissioning stage, a consumer can guarantee to meet its energy demands at a set price for years. And the generator wins a major customer whose promised cash flows can reduce the finance costs of building the plant in the first place.As costs of renewables move to, or below, parity with fossil fuels, those advantages are turbocharged. When solar or wind can be bought directly from a generator for less than it can be had from a utility, why would a major consumer not go for the lower-cost, higher-certainty option?The next leg of demand is likely to come from emerging markets, where big companies such as Apple are committing to decarbonizing manufacturing supply chains and where, in many cases, sufficient renewables capacity doesn’t yet exist.In Mexico, about 3.8GW of PPAs have been signed by the likes of ArcelorMittal, Wal-Mart Stores Inc., Coca-Cola Femsa SAB, Nestle SA and General Motors Co. in recent years, according to BNEF and the World Business Council for Sustainable Development. India, where HSBC Holdings Plc and Delhi Metro Rail Corp. signed solar PPAs in recent years, and 2.3GW are outstanding, is likely to be another growth area.More: The Next Big Renewable Fuel? Accountantslast_img read more

Kenneth “Kenny” Lloyd Cowan

first_imgKenneth “Kenny” Lloyd Cowan, 71, of Dillsboro passed away Thursday, March 26, 2020 at Ripley Crossing, Milan, Indiana.  He was born Friday, March 11, 1949 in Niagra, Kentucky, the youngest child of Paul and Nellie (Todd) Cowan.  He married Laura “Diane” Davis on September 25, 1967 and she survives.  Kenny had worked at Aurora Casket Company and also was an over the road truck driver.  He retired from Pri Pak. He loved playing bluegrass and country music with his friends and family, but his main joy in life was his grandchildren.Kenny is survived by his wife Diane of 52 years, sons Paul Cowan and Keith (Marina) Cowan, both of Dillsboro and one daughter Shawna (Tim) Beck of Batesville; 2 sisters, Imogene (Gill) Thomas of Henderson, Kentucky and Barbara (Adrion) Willis of Petersburg, Indiana.; 9 grandchildren and 3 great-grandchildren and a host of friends.  He was preceded in death by his parents, 4 sisters and 3 brothers.To adhere to the Governor’s mandate, a private visitation will be held for Kenny Cowan’s family.  Public funeral services will be at 12 noon Monday, March 30, 2020 at Oakdale Cemetery, Dillsboro, Indiana with Pastor Anthony Wilkes presiding.  Memorials may be given in honor of Kenny to the family.  Filter-DeVries-Moore Funeral Home entrusted with arrangements, Box 146, Dillsboro, IN 47018, (812) 432-5480.  Please reach out to the family through our website at www.filterdevriesmoore.com to leave an online condolence message.last_img read more