Bank asset management is known to be an opaque subject. Thankfully, Diana Weis and Sarah Disch, each co-heads of the Solar Asset Management groups at their organizations, U.S. Bank and Wells Fargo Bank respectively, shared their expertise with me at SAMNA 2019. They each have over a decade of experience in solar finance. Here are three key takeaways bank asset management experts Weis and Disch shared:

The European Commission has approved a €385 million (US$429.7 million) renewable energy scheme to support renewables generation in Lithuania, including hydroelectric power.

This week global energy and infrastructure group, Eversheds Sutherland, announced that it helped Ball Corporation secure two virtual power purchase agreements (VPPAs) – one wind and one solar – for a total of 388 MW of new renewable energy. According to Ball, these agreements will allow the company to power 100 percent of its corporate, packaging and aerospace operations electricity load in North America with renewable energy by the end of 2021.

The insurance industry has lots of exposure to climate change. But as Warren Buffet has explained, not so much for companies that do annual policy adjustments, like Berkshire Hathaway. Their exposure is limited because the trends are baked into the premiums. But there is an opportunity for reducing insurance risk due to climate change, and it comes from the insurance industry itself. The business model is to have car insurance salespeople provide leads to virtual electric car charging services. This has perfect demographics because electric vehicle owners are very receptive to solar electricity. Who wouldn’t want a clean transportation solution with local job creation that can’t be offshore?

Last week, independent power producer Silicon Ranch Corporation said that the 53-MW solar array that it built in partnership with the City of Millington, the U.S. Navy, Memphis, Light, Gas and Water (MLGW) and the Tennessee Valley Authority (TVA) is now operational. It’s the largest solar power plant in the state.

SOHAR deep-sea port and free-zone has signed a 600-hectare lease agreement with Shell Development Oman (SDO) for land to set up industrial and commercial solar panels. The port is managed in a joint-venture between the Port of Rotterdam and the Sultanate of Oman.

Energy advisory and certification body DNV GL has launched a new digital platform for renewable energy power purchase agreements.

British people need to fly less, drive electric cars, eat little meat and turn their home thermostats down to 19 degrees Celsius (66 Fahrenheit) in order to rein in greenhouse gases damaging the planet.

ComEd sees a significant role for energy storage on Illinois’ electric grid as the state works toward realizing its ambitious renewable goals.

Community Solar in New York has a messaging problem. It is confusing, and even some industry professionals have given up in disgust because of aggressive marketing and a lack of clarity.

Last year was the first time since 2001 that growth in renewable power capacity failed to increase year on year.

New Energy Equity, Region Five Development Commission (R5DC) and Rural Renewable Energy Alliance (RREAL) last week announced a partnership to develop six solar arrays, totaling 1.5 MW, for Pine River-Backus and Pequot Lakes school districts and Central Lakes College.

As of 2018, the city of Los Angeles boasted close to 350 MW of installed local solar power, according to reports. Its solar capacity increased some 44 percent year over year.

This week in Seattle, Washington, Senate Bill 5116 was signed into law in by Governor Jay Inslee after passing the state legislature earlier this month. This bill cuts out coal power by 2025 and requires an equitable transition to 100 percent clean electricity for the entire state by 2045.

Today, IREC proudly joins the collective voice of advocates and industry celebrating a milestone we have worked for 37 years to witness: two million solar installations now in the U.S. What better timing than in a year when children and governors, presidential candidates and corporate CEOs are all making headlines about the urgency of climate change action.

This week, Enel S.p.A. announced the opening of its newest Innovation Hub in Boston at Greentown Labs, the largest cleantech startup incubator in the United States. The Hub will provide Enel, one of the world’s leading power companies, access to Greentown Labs’ startup community and innovation expertise.

This week energy developer BayWa r.e. published its Energy Report 2019, which surveyed 1,200 European corporations about their attitudes toward renewable energy.

Incredibly, 1.1 billion people – 14% of the world’s population – still live without access to electricity. In rural, remote communities, many people simply have no light after sunset. That makes being productive at night—such as working and learning--extremely difficult. Limiting useful hours of the day by access to daylight holds back personal and economic development and wastes human potential.

Yesterday, the Environmental and Energy Study Institute (EESI) announced the launch of the Access Clean Energy Savings (ACES) initiative. ACES provides technical assistance to help rural electric cooperatives and public power utilities apply for the U.S. Department of Agriculture’s (USDA) Rural Electric Savings Program (RESP), which provides zero-interest 20-year loans for improving energy efficiency.

Ameren is preparing to test a Canadian company’s software that could someday help usher in a radically different business model for the utility.

CleanChoice Energy on Thursday said it was opening an additional 20.51 MW of community solar capacity for residential customers of Xcel. The new capacity is being supplied by fifteen solar farms owned and operated by AltusPower America in various locations in Minnesota. CleanChoice Energy is the largest community solar provider in Minnesota with more than 85 megawatts of solar capacity.

People in Germany are more pessimistic than the rest of Europe regarding their country’s progress on its energy transition, or engergiewende.

Prime Minister Scott Morrison’s surprise victory in Australia’s election was a win for the coal industry and ensures the debate about tackling climate change will continue to polarize the nation.

This week, Xcel Energy announced plans to retire its last two coal plants in the Upper Midwest a decade earlier than scheduled. The acceleration of the coal closures is part of the company’s clean energy transition that includes expanding wind and solar, using natural gas and operating its Monticello nuclear plant until at least 2040.

Renewables energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy.

Today, Alabama Municipal Electric Authority (AMEA) and Lightsource BP announced the development of a 100-MW (AC) solar energy project in Montgomery County, Alabama. Lightsource BP will finance, develop, build, own, and operate the solar facility and will deliver energy to AMEA under a 20-year power purchase agreement (PPA). The project, situated 15 miles from AMEA’s headquarters in Montgomery, will supply clean energy to AMEA’s 11 Member utilities located across the state and will generate enough electricity to power more than 20,000 homes.

Yesterday, energy storage company Saft said it delivered and installed a turnkey Energy Storage System to Bermuda Electric Light Company (BELCO). The system provides up to 10 MW power for spinning reserves and frequency response to maintain grid stability and has a storage capacity of 5.5MWh, said the company. The official ribbon-cutting ceremony was held on May 16.

State-run NTPC Ltd., India’s largest coal-fired power producer, is appointing a new head of its renewables team to speed up its expansion into clean energy, according to a company official with knowledge of the plan.

LONGi Solar this week said that it has invented a new “seamless soldering” technique that could help it produce a more efficient solar module. As a reminder, the more solar cells you can pack into a module, the more efficient it is. And the more efficient your modules, the fewer you need to achieve the wattage you seek in an array. By using less modules, you reduce the overall installed cost of solar.

In the first quarter of this year, China added 5.2 gigawatts (GW) of installed photovoltaic (PV) capacity, according to the National Energy Administration. The figure is a drop from the 9.65 GW in the same period of 2018, due to the new policy on the construction of PV facilities for 2019 having been issued later in the year than similar policies issued in earlier years.

The nation’s largest electric grid operator is grappling with how to prevent state climate policies from merely pushing emissions — and costs — across state lines.

Anheuser-Busch President and CEO Michel Doukeris wouldn't give financial details of the agreement, but says it's a smart investment

Seattle, WA-based LevelTen Energy helps corporate buyers of renewable energy find and purchase energy from solar and wind projects within North America through its procurement platform. The company says its solution reduces the cost, complexity, and risk of renewable energy power purchase agreements (PPAs), by incorporating analytics, aggregation, and process best practices.

As the world responds to the challenges of climate change, energy systems are evolving, and evolving fast. The past 10 years have seen the rise (and dramatic cost reduction) of renewable energy such as wind and solar, to the extent that they are no longer considered alternative energy. They have become mainstream energy sources. Now, what will be the “next big thing” as the world shifts to a low carbon future?

“Recognizing leaders in the power and energy industry not only gives us the opportunity to celebrate them and the projects that they are involved in, it also enables us to learn vital business and life lessons from these often exceptional individuals. We find out what makes them tick, what frustrates them and the processes they follow to address challenges – this is often inspiring, eye-opening stuff and cannot but contribute to the growth of the sector.“

According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), U.S. electrical generating capacity by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) has now - for the first time - surpassed that of coal.

On June 12, Target corporation said it was increasing its renewable energy goals by committing to source 100 percent of its electricity from renewable sources by 2030. The goal applies to all of Target’s domestic operations.

Today, solar power has become cheaper than the production cost of any other existing conventional power generation technology. The arrival of grid parity heralds a milestone in the history of energy production. It means solar energy being commercially viable without any subsidies or state support; producing energy with the lowest possible environmental impact.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA).

New York is poised to pass its own version of the Green New Deal with a climate bill that would more than triple the state’s solar capacity and aggressively promote development of wind farms off the state’s coast.

Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.

The U.S. Environmental Protection Agency (EPA) has issued the Affordable Clean Energy (ACE) rule and simultaneously repealed the Clean Power Plan (CPP).

While the industry is welcoming more women leaders, its rank-and-file workforce is still a lot like those at fossil-fuel companies: white and dominated by men. The lack of gender diversity is being driven by manufacturing jobs, and that means women are now missing out on the biggest jobs boom America has to offer.

8minute Solar Energy, NV Energy and the Moapa Band of Paiutes announced that NV Energy selected 8minute to develop the largest solar plus storage project ever built in Nevada and one of the largest in the world.

Back in the 1980s and 1990s, the twin forces of privatization and deregulation of public infrastructure services ascended to a global paradigm of progress and development. Government management of services such as telecommunications, transportation, water, and energy was deemed inefficient, underperforming, and monopolistic. Private industry – accountable to the profits and losses of an open market and, thus, believed more efficient than government – was proclaimed the better way for consumer choice and a more efficient use of taxpayers’ expenses.

POWERGEN International Week truly begins Monday, Nov. 18 with POWERGEN University. This year’s set of three, four and eight-hour PGU classes include detail educations on crucial power generation topics such as effective project management, gas turbine long-term service agreements, safety processes, digitalization, business plans for emerging markets, microgrids, cogeneration, machine learning, boiler technologies, building the generation fleet of the future and the consideration of natural gas vs. diesel for on-site power gen-sets.

A series of U.S. renewable energy incentives violated international trade rules, according to the World Trade Organization, threatening to stoke tensions between the two countries as President Donald Trump prepares to meet Prime Minister Narendra Modi on Friday.

BlackRock Real Assets is aiming to boost its renewables power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world’s fastest-growing region for green energy.

Clearway Energy Group, one of the U.S.’s largest clean power developers, is launching a pilot electronic marketplace for renewable energy credits as more states push for solar and wind projects.