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Articles on Finance and Investment
- Southern Africa Financing Electrification Dialogues take place in Zimbabwe
July 10, 2013- Global Sustainable Electricity Partnership
Together with the Southern African Power Pool (SAPP), the Global Sustainable Electricity Partnership (GSEP) hosted a high-level dialogue aimed at the transfer of expertise for the financing of sustainable electrification projects in Southern Africa in Harare, Zimbabwe, from July 8-10, 2013.
- Investment continues in major transmission projects
Mar 3, 2013 - engineerlive.com
Prysmian Group has inaugurated its new submarine cable plant at Pikkala
in Finland. The EUR40m investment will allow the plant to increase production
of transmission cables that use high-voltage direct-current (HVDC) technology
to transmit large amounts of energy over long distances.
- More than 1,000 new coal plants planned worldwide, figures show
Nov 19, 2012 - Damian Carrington - guardian.co.uk
More than 1,000 coal-fired power plants are being planned worldwide, new research has revealed.
- OCI and CPS's 400MW project will drive US$700 million into Texan economy
Jul 24, 2012 - Nilima Choudhury - pv-tech.org
Endemic overcapacity and continued price declines within the polysilicon sector impeded Korean OCI Company’s previously announced plans for the construction of two plants in May. Nevertheless, its North-American arm, OCI Solar Power, has signed a landmark deal with CPS Energy in San Antonio, Texas, to develop more than 400MW of projects. The contracts are based on a 25-year power purchase agreement.
- New Database from NREL Makes Costs of Energy Technologies More Transparent
Jul 16, 2012 - nrel.gov
A new web application collects cost and performance estimates for electric generation, advanced vehicles, and renewable fuel technologies and makes them available for utilities, policy makers, consumers, and academics. The Transparent Cost Database (TCDB) app provides technology cost and performance estimates that can be used to benchmark company costs, model energy scenarios, and inform research and development decisions.
- JBIC extends credit line for ICICI Bank of India
Jul 4, 2012 - Anne Zimmermann - pv-tech.org
The Japanese Bank for International Cooporation (JBIC) has signed a general agreement with ICICI Bank (Bank of India) for an export credit line of up to US$30 million to fund a variety of renewable energy projects, it has been announced. Other private Japanese institutions will also co-finance the loan, adding another US$50 million to the credit line, making the credit a total of US$80 million.
- Los Angeles Approves US $3 Million FiT Programme
April 4, 2012 - Nilima Choudhury
Los Angeles city council has approved a feed-in tariff programme to generate 10MW supplying 10,000 households a year. The city’s Department of Water and Power will raise US$3 million each year through the scheme to help the utility develop a pricing plan for residents. This pilot programme will take effect in the coming months.
- Ingenostrum Announces Plans to Invest US $2 Billion in Chilean Solar Projects
April 4, 2012 - James Williams
Spanish solar operator Ingenostrum has revealed plans to construct six solar power plants in Antofagasta, northern Chile, the Latin American Herald Tribune has announced. The power plants could generate up to 688MW of clean energy and the total cost for the development is expected to be around US$1.9 billion.
- POWER EXPORT TO COST BILLIONS
Mar 21, 2012 - bhutantoday.bt
The Royal Government of Bhutan’s (RGoB) ambition to harness and export 10,000 megawatts of hydroelectric power to India by 2020 will be a mamoth task looking at projected figures.
- President Obama Launches EV-Everywhere Challenge as Part of Energy Department’s Clean Energy Grand Challenges
Mar 15, 2012 - energy.gov
At an event today at the Daimler Truck factory in Mt. Holly, N.C., President Obama launched EV-Everywhere, the second in a series of Energy Department “Clean Energy Grand Challenges” aimed at addressing the most pressing energy challenges of our time.
- Power of Supportive Policy: California Could Get 66% of Electricity From Renewables, Double It's Already Aggressive Goal
Mar 15, 2012 - www.sustainablebusiness.com
Thanks to prescient policies, California could achieve double its already aggressive goal of 33% of electricity from renewables by 2020.
- France endorses “Made in Europe” FiT bonus
Mar 7, 2012 - Nilima Choudhury - pv-tech.org
Previously announced in February, the French government has confirmed PV power plants will be eligible to receive a 10% bonus on top of the feed-in tariff if at least 60% of the installation’s modules are made in Europe. The law will come into effect shortly before the first round of presidential elections in April.
- Haiti seeks to rebuild, or just build, power grid
Mar 7, 2012 - Trenton Daniel - ajc.com
Sometimes it seems as though the people here have only the sun and moon: the blinding sun that bakes their mud homes and moonlight that with flickering gas lamps fights against the dark of night.
- UN urges Africa to facilitate private investment in clean energy production
Mar 7, 2012 - power-eng.com
India, Feb. 26 -- Government policies that facilitate private sector investment in energy markets are crucial to help tap Africa's massive renewable energy potential, which can fuel the continent's poverty reduction efforts and put it on a path to sustainable development, according to a United Nations report released today.
- India's Soaring Energy demands strain national grid
Mar 2, 2012 - John Daly - oilprice.com
As the “Third World” races to industrialize, rising population demands for reliable energy place increasing stress on a country’s power generating capabilities, and nowhere is this more evident than in BRIC nation India.
- German government cuts FiT from March 9
Mar 1, 2012 - Mark Osborne - pv-tech.org
Due to an aggressive FiT cut of between 20% for residential and 30% for large-scale PV installations, the German government will introduce the FiT cuts from March 9, 2012 to eliminate a rush of installations to beat the tariff change.
- Nicaragua powers up on green energy
Feb 23, 2012 - PRONicaragua - renewableenergyfocus.com
What was once a weakness has become one of the country's strengths. The transformation of Nicaragua's energy sector could well become a case study for other countries.
- GE to construct 10,000mw power plant in Nigeria
Feb 23, 2012 - www.businessdayonline.com
General Electric (GE), a leading global company, originating from the USA, is to construct a 10,000 mega watts power plant in Nigeria, Minister of Power, Barth Nnaji has said.
- Analysis: As Solar Panels Eclipsed, Installers In Limelight
Feb 23, 2012 - Matt Daily - planetark.org
A steep decline in solar panel prices is helping solar installers attract new capital, a trend likely to trigger consolidation in the fragmented industry and drive down the cost of putting the renewable energy system on rooftops.
- 2012: A Breakthrough for Renewable Energy?
Feb 23, 2012 - Manish Bapna - http://insights.wri.org
In his annual State of the Union address, President Obama declared: “I will not walk away from clean energy.”
- Could a Russia-US rail tunnel be built?
Feb 2, 2012 - bbc.co.uk
Russian officials have backed the idea of a rail tunnel linking Russia and the US.
- EIB supporting €100 million funding for renewable energy projects in South Africa
Feb 2, 2012 - Mark Osborne - www.pv-tech.org
With almost perfect conditions for solar technology deployment, a significant energy need and weak infrastructure, South Africa, as highlighted in a detailed EPIA report last year, should be one of the best emerging markets. However, lack of financial support was said to be the key obstacle. That may now be changing with support from the European Investment Bank and Investec to the tune of €100 million for the promotion of clean energy generation and energy efficiency initiatives in South Africa.
- US Could Achieve Over $80 Billion In Lower Energy Costs By Focusing On Safer, Renewable Energy
Dec 1, 2011 - energy-daily.com
It is a myth that switching to safe, renewable energy would mean an unreliable U.S. power supply that also is too expensive to afford. That is the major conclusion of a new Synapse Energy Economics report prepared for the nonprofit Civil Society Institute that details a future with more energy efficiency and renewable energy and less reliance on coal and nuclear power.
- Butte College to Become First Grid-Positive College in the US
Nov 4, 2011 - sustainablebusiness.com
Butte College, located in Northern California and resting on a 928-acre wildlife refuge, has been recognized over the last few years as a national community college leader in sustainability. By May 2011, the college will move to the head of its class--as the only college in the nation that is grid positive--producing more clean energy from sustainable on-site solar power than it uses.
- Jeremy Rifkin: The 'Democratization Of Energy' Will Change Everything
Oct 20, 2011 - huffingtonpost.com
Rampant unemployment, rising food prices, a collapsed housing market, ballooning debt -- to Jeremy Rifkin, the American economist and president of the Foundation on Economic Trends, these are not simply symptoms of a temporary economic malaise. Rather, they are signs that the current world order -- long infused with and defined by fossil fuels -- is collapsing around us.
- China Remains Atop Quarterly Renewable Energy Index
Oct 5, 2011 - renewableenergyworld.com
Ongoing debt worries from the United States to Europe, and austerity measures that aim to drastically slash government spending in those countries, continue to impact financing of renewable energy projects. China, meanwhile, is moving ahead with its accelerated growth as renewables continue to figure prominently into its energy future.
- SolarCity’s new pricing plan undercuts utility grid electricity in Hawaii
Oct 5, 2011 - Chris Whitmore - pv-tech.org
The US Department of Energy has finalized another loan guarantee, this time for $90.6 million to Cogentrix for the 30MW Alamosa Solar Generating Project, which uses Amonix high-concentration PV dual-axis tracker systems. When the utility-scale installation is completed next year, the site will be the largest CPV-based power plant in the world.
- DOE finalizes $90.6M loan guarantee for 30MW Alamosa solar power plant, featuring Amonix CPV systems
Oct 5, 2011 - Tom Cheyney - pv-tech.org
The US Department of Energy has finalized another loan guarantee, this time for $90.6 million to Cogentrix for the 30MW Alamosa Solar Generating Project, which uses Amonix high-concentration PV dual-axis tracker systems. When the utility-scale installation is completed next year, the site will be the largest CPV-based power plant in the world.
- Energy-Savvy Military Base Bumps Up Against Calif. Cap-And-Trade Law
Oct 5, 2011 - Annie Snider - nytimes.com
TWENTYNINE PALMS, Calif. -- With fields of solar panels and a pilot microgrid project, the sprawling Marine base here is at the forefront of U.S. military efforts to lessen its reliance on the vulnerable civilian power grid.
- Rooftop Solar Could Power 20% of D.C. and Save Ratepayers Money
Oct 5, 2011 - John Farrell - renewableenergyworld.com
For many years the citizens of Washington, D.C. struggled for the basic right to elect their own leaders. In 2011, they should use their political home rule to maximize the economic benefits of local renewable energy with “electricity home rule.”
- MarketsandMarkets: Global Solar Energy Market Will Reach $75.2 Billion With Annual Installations Reaching 227 GW by 2016
Oct 5, 2011 - Pangea - worldofrenewables.com
According to a new market research report, "Solar Power Market by PV, CSP Technologies by Installations, Price, Cost, Trade Trends & Global Forecasts (2011 - 2016)", published by MarketsandMarkets (http://www.marketsandmarkets.com), global solar energy market will grow from around $39.6 billion in 2011 to $75.2 billion in 2016 with a compound annual growth rate of 13.7% during the same period.
- SunShot seed corn: DOE sows projects from cheaper BIPV shingles to Shockley-Queisser limit busters
Oct 5, 2011 - Tom Cheyney - pv-tech.org
Still smarting from the wounds of loan guarantee recipient Solyndra’s shutdown and imminent Chapter 11 filing, the US Department of Energy kept its eyes on the SunShot Initiative prize last week, announcing more than $145 million in awards to be spread across 69 projects run by companies, national and private labs, and universities. The efforts encompass a half-dozen categories, including big R, little d and little r, big D accelerants on the cell, module, and inverter technology, balance of system cost reduction (actually, cost reduction is a recurring theme among all categories), grid integration schemes, building integrated PV, and a chunk of change for IT-laden moves to cut nonhardware costs down significantly. Here’s a closer look at some of the players, numbers, and threads that emerge from the latest DOE innovation seed-corn distribution.
- Order Focus: First Solar lands 100MW supply agreement for Reliance Power’s Jaisalmer project
Oct 5, 2011 - Syanne Olson - pv-tech.org
Upon the US Export-Import Bank approving a US$84.2 million direct loan last month to Reliance Power’s Dahanu Solar Power unit, the company was able to secure an agreement with First Solar for the delivery of 100MW of solar modules. Under the supply contract, First Solar will deliver 40MW of its thin-film modules to Reliance Power by the end of the year, with the remaining 60MW delivered in 2012. The solar modules will be used for Reliance Power’s Jaisalmer solar project, which will supply solar electricity to Mumbai. The companies claim that this is the largest PV module supply agreement in India to date.
- World Bank grants 99m dollars for Nepal-India power project
Sept. 30, 2011 - energycentral.com
The World Bank (WB) has provided 7.024bn rupees (99m dollars) for to implement the Nepal India Electricity Transmission and Trade Project (NIETTP).
- India Expects $6.5 billion to be Invested in Renewable Energy
Sep 27, 2011 - Rakesh Sharma - wsj.com
NEW DELHI -- India expects investments of 300 billion rupees ($6.5 billion) in renewable energy projects in the current financial year, the minister for renewable energy said Friday.
- Pakistan Offers Renewable-Energy Incentives to Tackle Shortages
Sep 27, 2011 - Haris Anwar - bloomberg.com
Pakistan will announce its first tariff policy for clean-energy producers next month, offering premium payment rates as it seeks to attract investors to help overcome power shortfalls.
- Guest Post: The $200 Billion Energy Question
Sep 27, 2011 - Rosalind Jackson - greentechmedia.com
The U.S. stands at an energy crossroads. With or without new direction from policymakers, huge sums will be invested in the electricity system as aging infrastructure is replaced and new infrastructure is built to meet our country’s growing energy needs. In the 11 states that comprise the Western Interconnect, that amounts to more than $200 billion over the next two decades.
- Europe's renewables investors need more certainty
Sept. 23, 2011 - Power Engineering International - energycentral.com
In order to incentivize the mass roll-out of renewable sources of power generation, many governments have offered generous subsidy schemes to utilities, developers and homeowners. Increasingly, however, many nations have pulled in their horns due to austerity measures and as European governments tighten their belts, renewable energy companies are feeling the impact. After much messing about, Italian legislators finally delivered on 5 May a revised subsidy programme that outlines a structure of additional cuts until 2016. Under the new solar decree, a transitional period with gradual cuts in incentives will start from June 1 and run to 2013, after which the incentives will automatically be linked to reaching a certain level of installed capacity.
- Mitsui, Toshiba join forces to build 50MW PV plant in Japan
Sep 21, 2011 - Chris Whitmore - pv-tech.org
Mitsui and Toshiba are joining forces to build Japan’s largest PV system, according to financial newspaper Nikkei. With a capacity of 50MW, the plant will be considerably bigger than any other in Japan and cover 800,000m2 of Mitsui-owned land in the Aichi Prefecture.
- Return to London please, via Moscow: Kremlin paves way for East to West rail link after after 'approving' $99bn Bering Strait tunnel
Sep 21, 2011 - Will Longbottom - dailymail.co.uk
The prospect of an epic train journey from New York to London might seem like a distant dream for those seeking the ultimate railway holiday.
- Large scale energy storage technologies to capitalise on renewables
Sept. 20, 2011 - engineerlive.com
All Western European countries have targets aimed at boosting the contribution of renewable energy. Such high use of renewable energy is possible through efficient energy storage methods, creating huge opportunities for market growth.
- ADB plans to lend $1.5b to ratchet up connectivity, energy co-op in S Asia
Sep 12, 2011 - Nazmul Ahsan - thefinancialexpress-bd.com
The Asian Development Bank (ADB) is planning to lend $1.5 billion to improve cross-border connectivity and increase energy cooperation among five South Asian countries -- Bangladesh, India, Sri Lanka, Nepal and Bhutan over a period of three years (2012-2014).
- Solar power boost to National Grid
Sep 12, 2011 - Chamikara Weerasinghe - dailynews.lk
Power and Energy Minister Champika Ranawaka yesterday said they have arranged to introduce the first main grid connected solar power plant in the Hambantota District.
- Desert Sunlight solar project gets go-ahead from Department of Interior; construction to begin soon
Sep 12, 2011 - Tom Cheyney - pv-tech.org
US Secretary of the Interior Ken Salazar has greenlighted the Desert Sunlight Solar Farm, a 550MW (AC) solar power project to be developed, built, and operated by First Solar on 4100 acres of public lands in the California desert outside Joshua Tree National Park. Construction on the site could begin within days.
- South Korea's green energy exports top $4.5 bln in 2010
Sep 8, 2011 - yonhapnews.co.kr
SEOUL, Aug. 8 (Yonhap) -- South Korea's clean, renewable energy sector has grown significantly over the last three years with both its sales and exports jumping roughly seven fold, the government said Monday.
- Wind doing just fine
Sep 1, 2011 - Bill Opalka - energybiz.com
The U.S. wind industry declined by half last year, but a new report puts the development slowdown in a different. Yes, 2010 wasn't so great, but the U.S. is still a world leader for the technology.
- ABB wins $1 billion order for offshore wind power connection
Sep 1, 2011 - abb.com
Zurich, Switzerland, Aug. 2 2011 – ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid.
- U.S. BLM Approves Four Projects Use of Public Land to Connect Renewable Energy to Power Grid
Aug 19, 2011 - Eboom Staff - energyboom.com
The United States Department of Interior's Bureau of Land Management approved four new projects to run transmission lines through public land to transport electricity from large-scale renewable energy projects to the power grid.
- UN says green energy investment at record level
Aug 11, 2011 - google.com
PARIS — Investment in renewable energy last year amounted to a record 211 billion dollars, a rise of 32 percent over 2009 and 540 percent over 2004, a UN-backed report said on Thursday.
- Green Jobs Are Real: German and American Solar Industry Both Employ More People Than U.S. Steel Production
Aug 9, 2011 - Stephen Lacy - renewableenergyworld.com
Washington, D.C., United States – With roughly 93,500 direct and indirect jobs, the American solar industry now employs about 9,200 more workers than the U.S. steel production sector, according to 2010 Bureau of Labor Statistics. The American steel industry has historically been a symbol of the country's industrial might and economic prosperity. But today, the solar industry has the potential to overtake that image as we build a new, clean-energy economy.
- Australia's solar industry welcomes new carbon tax
Aug 9, 2011 - Emma Hughes - pv-tech.org
Following months of tense negotiation between the minority Labour Government and the Green and independent MPs, Australia's prime minister Julia Gillard yesterday revealed the 'Strong Growth, Low Pollution' report, which models how the country's economy can continue to grow at the same time as reducing carbon pollution with a carbon price. The new tax, which will come into effect from July next year, will hit Australia's top 500 emitters with an AUD$23 per tonne carbon tax.
- Department of Energy Commits Support for Landmark Rooftop Solar Project
Aug 9, 2011 - globalenergywatch.com
Largest Rooftop Project in U.S. History Will Enable Wide Distribution of Solar Power Across Country While Creating at Least a Thousand Jobs
- Q-Cells guides almost flat sales in 2011; CIGS modules achieve 13.4% new efficiency world record
Aug 5, 2011 - Mark Osborne - pv-tech.org
Although there were no specifics mentioned in the financial forecast for 2011 provided by Q-Cells as it announced full year financial results, sales are set to be at around the same level as last year. As previously reported, Q-Cells sales increased by 70% to €1.35 billion in 2010. In its annual report, 2011 sales guidance is between €1.3 billion and €1.5 billion.
- China Sunergy to invest US$277 million in 1GW cell manufacturing expansion
Aug 5, 2011 - Chris Whitmore - pv-tech.org
Two China Sunergy subsidiaries are investing RMB1.8 billion (US$277 million) in a new 1GW solar cell manufacturing facility in Yangzhou, China. The joint venture will concentrate on the production of China Sunergy's newly-developed Quasar cells, with the first 500MW batch set to be delivered in the first half of 2012.
- New York's Latest Energy Bill Better for the Environment and the Economy
Aug 4, 2011 - Nathanael Baker - energyboom.com
The Governor of New York has signed a new law which promotes the adoption of low carbon energy and energy efficient technologies through all sectors of the economy.
- First College in US Generates Income Selling Solar to the Grid
Aug 3, 2011 - sustainablebusiness.com
Butte College, near Sacramento, California is the first college in the US to be ‘grid positive' - it generates more electricity than it needs from its solar arrays and thus can deliver energy to the electric grid, making a tidy profit.
- OPIC approves $123 million for pair of 20MW PV power plants to be built by T-Solar in Peru
Jul 20, 2011 - Tom Cheyney - pv-tech.org
The board of the Overseas Private Investment Corp. (OPIC) has approved $123 million in financing for the construction of two 20MW solar power plants in Peru, said to be the first large-scale solar power project in the Latin American country. Along with the involvement of Peru's ProInversion investment promotion agency, the ground-mount-based projects will be developed by T-Solar and use silicon thin-film panels made by the Spanish company with Applied Materials SunFab technology.
- Report: New Transmission Translates Into Jobs
June 4, 2011 - renewgridmag.com
U.S. annual investment in new electric transmission facilities could soon reach $12 billion to $16 billion, resulting in $30 billion to $40 billion in annual economic activity, says a new study conducted by The Brattle Group and commissioned by WIRES. This translates into support for 150,000 to 200,000 new full-time jobs in the U.S. in each of the next 20 years and between 20,000 and 50,000 new jobs each year in Canada, the report adds.
- Alternative Energy Watch: China Plans to Spend Big on Grid; Equipment Maker Gets Big Order (SOLR, AMAT, LDK, CREE, VECO, AMSC)
May 21, 2011 - 247wallst.com
Alternative energy news today begins with a new order for sapphire crystallization furnaces and ends with a story on development in China’s national electricity grid.
- Government approves $1.24 billion carbon capture project
May 14, 2011 - Canada NewsWire - energycentral.com
The Government of Saskatchewan has approved construction of the Boundary Dam Integrated Carbon Capture and Storage Demonstration Project - among the first commercial-scale carbon capture and storage facilities in the world.
- Solar Homes Sell at a Premium
May 14, 2011 - Bill Opalka - renewablesbiz.com
A new Berkeley Lab report, “An Analysis of the Effects of Residential Photovoltaic Energy Systems on Home Sales Prices in California,” provides some evidence that a significant benefit comes with selling a home with a solar power system.
- ADB pledges US$150 million in credit guarantees to bolster solar power development in India
May 14, 2011 - Syanne Olson - pv-tech.org
The Asian Development Bank (ADB) revealed plans to offer up to US$150 million in credit guarantees to local and foreign commercial banks to encourage the development of solar power as a renewable energy in India. The credit will cover 50% of the payment default risk on bank loans made to solar project developers with an aim to secure long-term funding for solar energy development in the country.
- If You Like Solar, Tell Your Utility To Publish This Map
May 11, 2011 - renewableenergyworld.com
Distributed generation (like solar) brings unique and valuable benefits ($$$) to the electric grid. But capturing those benefits means solar and other renewable energy developers must find the best places to plug in to the grid, e.g. where demand is high or infrastructure is stressed. The cost to connect distributed generation may also be lower in these areas. Unfortunately, data about a utility's grid system is rarely public.
- Google invests $168M in solar energy project
May 04, 2011 - energycentral.com
Google Inc. is investing $168 million in an alternative power project that aims to produce enough solar energy to light 140,000 homes.
- GE to build 400MW CdTe thin-film module plant: NREL verifies 12.8% aperture area efficiency
May 01, 2011 - Mark Osborne - pv-tech.org
With the acquisition of US-based CdTe thin-film start-up PrimeStar now behind GE, the conglomerate is planning to expand its investments in PV with the building of a 400MW manufacturing plant, potentially bringing its total investment in the sector to over US$600 million. GE also announced that NREL had verified that CdTe thin-film modules from PrimeStar’s 30MW manufacturing line in Arvada, Colorado have achieved 12.8% aperture area efficiency. NREL had transitioned the technology to PrimeStar through a cooperative research and development agreement signed in 2007.
wins $180 million order for Norway-Denmark power transmission link
Feb 26, 2011 - abb.com
ABB, the leading power and automation
technology group, has won an order worth about $180 million from utilities
Statnett of Norway and Energinet.dk of Denmark to supply an HVDC Light® (high-voltage
direct current) converter solution to support the interconnection of the
Norwegian and Danish power grids.The 500 kV (kilovolt) link is a new record
in transmission voltage using this technology.
in renewable energy grow 25%
Feb 13, 2011 - zawya.com
Estimates show that investments have reached $200bn in 2010
Clean Energy Investment Hits a New Record
Jan 19, 2011 - RenewableEnergyWorld.com
Surprise, surprise: The 800-pound dragon in the room, China, has propelled
global clean energy investment to record levels.
Government Cuts Solar Subsidies for New and Existing Plants
Jan 13, 2011 - Emma Hughes - PVTech.org
On Christmas Eve the Spanish Government made the controversial decision
to again cut the financial support offered to solar power generators.
Renewables Expansion Coming
Dec 27, 2010 - Bill Opalka - RenewablesBiz.com
Even with policy uncertainty, markets expected to explode.
Clean Power Industry Worth Trillions by 2020
Dec 16, 2010 - RenewableEnergyWorld.com
A new study by Pew Charitable Trusts shows that private investments in
global clean energy projects could top $2.3 Trillion in 10 years. Most
investment will be in Asia but policy plays a key role.
of Energy Pours Funds into Cleantech Industry
Dec 08, 2010 - McClatchy-Tribune Regional News - Energy Central
When Congress passed the landmark stimulus bill in 2009, more than $90
billion was targeted at clean energy -- the largest investment of federal
dollars in the energy sector ever. Nearly $3 billion was awarded to the
Bay Area from the Department of Energy alone.
Energy Gets Fewer Subsidies, Less Investment than Fossil Fuels
Dec 07, 2010 - Los Angeles Times
Energy from fossil fuel gets 12 times more in subsidies worldwide than
sustainable energy, says a new report from the USC Marshall School of Business.
Report from World Bank Highlights Five Steps to Confront Climate Change
Nov 09, 2010 - Energy Central
The World Bank's Independent Evaluation Group (IEG) released a new report
Thursday after reviewing the Bank's efforts in mitigating climate change,
stressing five measures that offer attractive local benefits while fighting
climate change. The report, named
The Challenge of Low Carbon Development, notes that carbon finance has
yet to realize its promise of catalyzing large scale new investments in
- China leading the world in clean energy investment
Oct 29, 2010 - Juliet Eilperin - washingtonpost.com
As weary visitors wait to enter the Shanghai Corporate Pavilion at Expo 2010, a sprinkler system using recycled rainwater and powered through a solar thermal system cools them off with periodic misting.
- Greece targets to invest in green development program
Oct 22, 2010 - Xinhua
Greece aims to secure investments up to 44 billion euros (60.9 billion U.S.
dollars) and create 200, 000 new job positions by 2015 in green development
projects, said on Wednesday Greek Environment, Energy and Climate Change Minister
Tina Birbili in Athens.
- S. Korea to invest 36 bln U.S. dollars in renewable energy
Oct 20, 2010 - Xinhua
South Korea will pour a total of 40 trillion won (36 billion U.S. dollars)
into renewable energy development by 2015 in a bid to enhance the local renewable
energy sector, the government said Wednesday.
- ADB allocates $122 million to upgrade Tajikistan's power grid
Oct 18, 2010 - Asia Pulse
The Asian Development Bank (ADB) and the Tajik government have signed a grant
agreement worth $122 million to expand and upgrade the electricity transmission
system in Tajikistan, which will help increase the level of energy trading
with neighboring countries and cover the country's electricity shortages in
- DOE Funding Smart Grid, Advanced Solar Start-ups
Sep 28, 2010 - Washington, DC - DOE
The US energy department announced $188 million for clean tech startups, with
$73 million coming from the Recovery Act.
- Round-up of global electricity developments
Aug 11, 2010 - Tamsin Carlisle - The National
Last Updated: July 24. 2010 6:46PM UAE / July 24. 2010 2:46PM GMT
- More Ugandan Villages to Access ElectricityAug 6, 2010 - East African Business Week - Energy Central
The Ministry of Energy and is to start implementation of a new rural electrification project in March 2011, officials have said.
- CHINA INVESTS US$34.6 BLN IN RENEWABLE ENERGY INDUSTRY IN 2009
Jul 30, 2010 - AsiaPulse - energycentral.com
China has invested US$34.6 billion in renewable energy industry in 2009, making the country the biggest investor in the industry in the world, said Li Junfeng, deputy director of the Energy Research Institute of the National Development and Reform Commission.
- Impressive growth in renewable energy capacity continues
Jul 30, 2010 - Datamonitor - energycentral.com
New UN figures show that, despite the global recession and lackluster climate change talks, 2009 saw more renewable power generation capacity installed than traditional fossil fuel capacity. Having already negotiated such a difficult period, fears that the clean energy investment bubble is about to burst are unfounded.
- Green energy market 'resilient' to downturn in 2009, according to U.N.
Jul 26, 2010 - Matthew Knight - CNN.com
The creation of new power capacity from renewable energy has exceeded new fossil fuel power generation in the United States and Europe for the second year running, according to two United Nations reports published Thursday.
- Gates seeks more spending on clean energy research
Jun 21, 2010 - Frederic J. Frommer - AP
Billionaire Bill Gates is urging the government to triple spending on what he says everyone, rich and poor, will need in the future: clean, cheap energy.
- Study: With $27 trillion global market at stake, it's time for the U.S. to lead in clean technology
May 25, 2010 - Lynn Englum - climateprogress.org
A new WWF report has come out further emphasizing the great need for the US to do more to seize its fair share of the growing multi-trillion dollar clean energy export market. This repost by Lynn Englum from WWF’s blog gives an overview.
- Sanyo reveals three-year mid-term management plan
May 18, 2010 - Emma Hughes - Cell Processing - pv-tech.org
Japan's Sanyo Electric, majority owned by Panasonic, has announced plans to invest 170 billion yen ($1.8 billion) in capital spending for its rechargeable battery and solar cell operations for the next three years.
- Global Investments in Renewable Energy are expected to reach $653.35 billion by 2015
May 14, 2010 - Sriram Peri - GBI Research - altenergymag.com
GBI Research, the leading business intelligence provider, has released its latest report “Renewable Energy Investment Opportunities in Emerging Economies” that gives an in-depth analysis of the emerging economies as upcoming renewable energy hotspots and provides investment forecasts up to 2015.
- ADB to begin solar initative for 3,000MW
May 14, 2010 - Syanne Olson - Power Generation - pv-tech.org
The Asian Development Bank (ADB) announced its new solar initiative, Asia Solar Energy Initiative (ASEI), which over the next three years will generate 3,000MW of solar power with large scale solar projects.
- Samsung will invest $21bn in future growth drivers, including solar cells
May 13, 2010 - Emma Hughes - pvtech.org
Samsung has announced that it will invest US$21bn in renewable energy and healthcare over the next decade, identifying solar cells as one of its future growth drivers...
- CEE next big market for renewable energy
Mai 3, 2010 - renewableenergyfocus.com
Central and Eastern and Europe (CEE) is boosting its renewable energy market making it attractive for investors and suppliers, according to analysts Frost & Sullivan.
- GE's leader issues an energy warning
Apr 30, 2010 - L.M. Sixel Houston Chronicle - McClatchy-Tribune Regional News
While the rest of the world invests in renewable, nuclear and cleaner energy sources, the U.S. continues to fall further behind, General Electric's chairman and CEO said Wednesday in Houston.
- Barclays Capital analyst raises 2010 global solar installation forecast to 11GW, Germany to 5.8GW
Apr 26, 2010 - Mark Osborne - pv-tech.org
Industry demand checks and recent German PV installation figures have seen Barclays Capital analyst, Vishal Shah raise his forecast for global solar installations for 2010.
- Photon Consulting: Get ready for US$1.00 per watt across all solar PV technologies
Apr 26, 2010 - Mark Osborne - pv-tech.org
According to the latest report from Photon Consulting the ‘true cost’ of solar power has fallen rapidly in the last year, driven by low cost producers in both China and Taiwan in particular.
- U.S. Department of Energy to invest more than $200 million in solar power technologies
Apr 26, 2010 - Syanne Olson - pv-tech.org
This past Earth Day was not only an anniversary of the celebration's 40th birthday, but also a step forward by the U.S. Department of Energy for the advancement and expansion of solar power technology.
- German investment in renewables to double by 2020: study
Apr 20, 2010 - Xinhua
Germany's annual investment in renewable energy will be doubled to 28 billion euros (37 billion U.S. dollars ) by 2020, and the industry will become a main creator of jobs and an investment growth point.
- World Bank urges East Asia to invest $180 billion a year in clean energy
Apr 20, 2010 - The Associated Press
East Asia needs new investment of $180 billion a year in clean energy technology to stabilize its greenhouse gas emissions from 2025, the World Bank said in a report Monday.
- Energy start-up to construct $500m PV manufacturing plant in Rio Rancho
Apr 9, 2010 - Emma Hughes - pv-tech.org
Start-up energy company Green2V has announced that it will spend US$500 million over the next five years to build a 1 million-square-foot plant in Rio Rancho that will potentially provide 1,500 jobs in the area.
- South Africa’s Eskom to build 100MW CSP power plant with World Bank funds
Apr 9, 2010 - Mark Osborne - pv-tech.org
As part of a US$3.75 billion loan from the World Bank to help South Africa achieve a reliable electricity supply, the country’s electricity provider, Eskom is to build a 100MW concentrated solar (CSP) power project with storage in Upington, South Africa.
- Ontario announces 184 large-scale renewable energy projects
Apr 8, 2010 - EnergyCentral.com
More Ontario homes and businesses will soon be powered by green energy with the awarding of contract offers for almost 2,500 megawatts of renewable energy announced today by Ontario's Minister of Energy and Infrastructure, Brad Duguid.
- Report: Cost of electricity could go down in 10 years
Apr 6, 2010 - Bob Audette - Brattleboro Reformer, Vt.
If the state of Vermont were to pursue an aggressive policy to put in place regulations that would encourage the expansion of renewable energy sources in less than 10 years, state ratepayers might actually pay less for electricity than they do now.
- Getting green for going green
Apr 6, 2010 - Danny Barrett Jr. - Associated Press
Renewable energy was already a household practice for International Paper when the company signed up last year to be a bioconversion facility so its suppliers could reap benefits of a new federal program aimed at using nonfood crops as biofuel.
- Institutional Investors New Embrace
Apr 5, 2010 - Gary M. Stern - energybizinsider
When major institutional investors and venture capitalists start investing in alternative and low-carbon energy companies, it is noteworthy.
- Designate renewable energy zones across US, suggests think-tank
Mar 30, 2010 - The Milken Institute - renewableenergyfocus.com
A US think tank says creating ‘competitive renewable energy zones’ would be a solution to raise the private investment that is needed to update transmission infrastructure, increase capacity for renewable energy and move toward the ‘smart grid.’
- Pew report: China leading in clean energy spending
Mar 25, 2010 - Elaine Kurtenbach - The Assocoated Press
China has taken the lead in investments in clean energy, spending nearly double what the U.S. did in 2009, as it ramps up projects in both renewable and traditional energy, a report said Thursday.
- World Bank Invests $400 Million in Indonesian Geothermal Energy
Mar 24, 2010 - Voice of America News
The World Bank has announced $400 million in funding to help double Indonesia's geothermal energy capacity. It says the investment is an effort to assist developing countries produce clean energy and reduce carbon emissions.
- Indonesia to double geothermal capacity
Mar 17, 2010 - renewableenergyfocus.com
A new climate investment fund plan will double the capacity of geothermal energy in Indonesia.
Treasury Creates Safe Harbor for Smart Grid Investment Grants
Mar 11, 2010 -
The U.S. Department of Treasury and the U.S. Department of Energy yesterday jointly announced the issuance of guidance regarding the federal income tax treatment of Smart Grid Investment Grant payments
- NRG Energy to get up to $154M from government to install carbon dioxide capture system
Mar 10, 2010 - Elisabeth Souder and Dave Michaels - dallasnews.com
NRG Energy Inc. won up to $154 million in funding from the Department of Energy to install a system to capture carbon dioxide from a coal-fired power plant.
- Solar Industry Will Grow to $77 Billion in 2015
Mar 9, 2010 - luxresearchinc.com - The Associated Press
Reeling from a stormy 2009, the solar market will soon see lopsided supply and demand rush back into parity, according to a new report from Lux Research.
- EU money for electricity interconnection
Mar 5, 2010 - renewableenergyfocus.com
The European Commission has allocated €910 million for 12 electricity interconnection projects as part of its broader European Economic Recovery Plan.
- Wind Gets Boost from EU Transmission Investment
Mar 4, 2010 - RenewableEnergyWorld.com
The European Commission this week allocated over €903 million to electricity interconnection projects as part of its broader European Economic Recovery Plan, injecting new impetus into long standing electricity grid development plans within the EU. Nine projects received funding, including the vital France-Spain interconnection, which has been planned for a long time.
- ARPA-E: $100 Million for Buildings, Energy Storage, Dispatchable Energy
Mar 2,2010 - Michael Kanellos, Rick Thompson, David Leeds
Chu and Majumdar lay out the agenda in D.C.
- Blackstone’s Transmission Developers plans $3.8bn clean energy power line
Feb 25, 2010 - AltAssets
Blackstone portfolio company Transmission Developers (TDI) is planning to develop a renewable power transmission line supplying New York and New England from the US-Canadian border.
- ADB grants Laos 20 mln USD for building power transmission facilities
Feb 25, 2010 - Xinhua
The Asian Development Bank (ADB) will grant 20 million U.S. dollars to Laos to help the country build power transmission facilities in the northern part, Lao newspaper the Vientiane Times reported Thursday.
- ADB with Japan help Lanka improve power transmission
Feb 23, 2010 - The Sunday Observer Colombo
The Asian Development Bank (ADB) and the Government of Japan will provide assistance to the Government of Sri Lanka to improve the nation's power transmission system and to expand rural electrification, and thus will contribute toward the Government's goal of widening public access to electricity services from 80% to 98% by 2016.
- Bonds authorised for renewable energy
Feb 17, 2010 - Renewable Energy Focus
The US government has funded 16 native tribes to issue bonds for renewable energy facilities.
- New Study: Cape Wind Will Reduce Regional Electricity Prices by $4.6 Billion
Feb 10, 2010 - Busniness Wire
Cape Wind will reduce wholesale electric prices for the New England region by $4.6 billion over 25 years, according to a new report published today by Charles River Associates, a leading economic consulting firm.
- Global clean energy investment: US$145bn
Feb 9, 2010 - renewableenergyfocus.com
China’s investment in wind energy last year kept the world’s overall investment in clean energy to 6.5% below the 2008 record, despite the worst recession for 60 years.
power tops new EU electricity
Feb 8, 2010 - renewableenergyfocus.com
power represented the largest share of new electricity generating technology installed
in the European Union in 2009.
energy jobs and the future
Feb 4, 2010 - Julie Schmit - USA Today
The number of clean-energy jobs in the U.S. would more than double by
2025 if the nation adopts a plan to get 25% of its electricity from renewable
energy sources, says a report backed by energy firms.
de Fuca Cable - Project Status Review - US Loan Guarantee Application
Jan 27, 2010 - PR Newswire
The Juan de Fuca Cable is a proposed 550 MW
submarine interconnection across the international Strait of Juan de Fuca, between
Port Angeles, Washington, and Victoria, British Columbia, providing a new link
between the northwest terminus of US federally- owned Bonneville Power Administration's
grid, and the southwest terminus of the provincially-owned system in British Columbia,
commits €10m for clean energy in southern Africa
Jan 27, 2010 - renewable
The Global Energy Efficiency & Renewable Energy Fund (GEEREF)
will commit the funds to the ‘Evolution One Fund’ that is dedicated to clean energy
investment in Southern Africa.
Job Forecast 2010
Jan 22, 2010 - Kevin Brown and Steve Kyryk - Clean
With their fingers on the pulse of clean-tech hiring trends, we
asked Senior Partner Kevin Brown and Vice President Steve Kyryk of Hobbs &
Towne Executive Search (HTI) to provide insight into the impact of the 'Great
Recession' on the industry and areas for opportunity in 2010.
invests US$12 million in early stage solar development
Jan 21, 2010
- Emma Hughes - PV-tech.org
The National Renewable Energy Laboratory
(NREL) will invest up to US$12 million in total funding in four companies to support
the development of early stage solar energy technologies and help them advance
to full commercial scale. The money will go towards expanding the U.S. clean energy
economy and the development of solar energy as a more cost-competitive source
Energy Regulator Confirms Potential GBP1 Billion Network Investment
Jan 19, 2010 - Selina Williams - Dow Jones Newswires
U.K. energy regulator
Ofgem Tuesday confirmed a potential GBP1 billion additional investment in Britain's
high-voltage electricity networks to aid the connection of new renewable generation
as part of the country's targets to cut emissions.
Representing $13 Trillion Call for Climate Action Now
Jan 14, 2010
- ENS News
New York, January 14, 2010 (ENS) - The world's largest investors
today issued a statement calling on the United States and other governments to
"act now to catalyze development of a low-carbon economy and to attract the vast
amount of private capital necessary for such a transformation."
Investor Groups Urge Tougher Action On Climate Change
2010 - Naureen Malik - Dow Jones Newswires
Investor groups representing
$13 trillion in assets Thursday urged the U.S. and other governments to put in
place stronger policies to curb climate change, warning political uncertainty
surrounding the issue stunts development and exposes companies to considerable
producers top U.S. federal tax credits
Jan 12, 2010 - Mark Osborne
- Fab and Facilities - PV-tech
In respect of the US$2.3 billion U.S. federal
tax credits issued last week for job creation, two key trends have emerged. As
already highlighted, the solar sector garnered approximately US$1.0 billion of
the credits allocated. However, another trend emerged whereby three major polysilicon
producers garnered the most from the credits in the solar sector.
and Solyndra top venture capital funding in 2009, says Cleantech Group report
Jan 08, 2010 - Mark Osborne - PV-tech.org
According to new figures from
the Cleantech Group and Deloitte, VC investments in companies in the solar sector,
reached US$1.2 billion or 21% of the share in 2009, making it the largest ‘Cleantech’
sector for investment. Clean technology venture investments in North America,
Europe, China and India totalled US$5.6 billion in 557 deals. However, as these
figures are preliminary, the firms expect the final figures could be up by as
much as 10%.
Europe, $43B for renewable energy
Jan 06, 2010 - UPI
minister for economy and technology said a $43 billion project linking nine countries
to renewable energy was "crucial" to Europe's energy goals.
Energia gains financing for 150MW project in Spain
Jan 05, 2010 - Emma
Hughes - pv-tech.org
Reuters has reported the financial close of a combined
150MW project deal for Acciona Energia in Spain. The solar thermal power project
involves a deal with 29 banks and is said to be one of the largest single solar
financings to date.
energy projects will get swift U.S. permitting
Dec 30, 2009 - Matthew
Preusch The Oregonia - McClatchy-Tribune Regional News
The Bureau of Land
Management has chosen 31 renewable energy and transmission projects, including
one in Oregon, for expedited permitting in order to make them eligible for stimulus
advances up renewable energy league – Ernst & Young
18, 2009 - focus.com
China is now one of the top two most attractive
locations in the world in which to invest in renewable energy projects, according
to Ernst & Young's latest global renewable energy country attractiveness indices.
Korean polysilicon manufacturer OCI to invest $858.5 million in new plant
Dec 11, 2009 - Tom Cheyney - PV-tech.org
In a bid to join the leading
global producers of polysilicon, South Korean chemical manufacturer OCI plans
to restart construction on a new poly plant inside its existing facility in Gunsan
to spend $2 billion on wind energy in 2010
Dec 6, 2009 - Steve Gelsi
- Market Watch
Lewis Hay III, the chairman and chief executive of FPL
Group Inc., plans to steer the electricity giant toward a $2 billion investment
in wind energy in 2010, despite uncertainty surrounding a pending rate case involving
the big power company.
Wins $1.4 Billion Turbine Order for Biggest Wind Farm So Far
10, 2009 - Rachel Layne and Christopher Martin - Bloomberg
Co. won a $1.4 billion contract to supply turbines and services for an Oregon
wind farm that would be bigger than any completed so far and supply a tenth of
Southern California Edison’s renewable energy.
doe to award more renewable energy contracts next month
- AsiaPulse - Manila
More renewable energy contracts will be awarded
next month, Philippines Energy Assistant Secretary Mario Marasigan said.
to Set Up $2 Billion Energy Fund
Nov 30, 2009 - The Nation - All Africa
Kenya will with the support of donors set up a $2 billion
(Sh150 billion) revolving fund to lend those investing in climate-friendly green
electricity generating projects. The Ministry of Finance said World Bank, French
Development Agency, KfW of German and African Development Bank had agreed to help
the government set up the fund.
to Spend $900 Million on Solar
Nov 20, 2009 - Vakas Bajaj - New York
Times - Green Inc.
Ending months of speculation about exactly what it
was planning to do to boost the use of renewable sources of energy, India said
this week that it will spend about $900 million on solar energy.
renewable energy sources judged to be best prospect for future, says report
Nov18, 2009 - RenewableEnergyFocus.com
The best prospects for large-scale
renewable energy production and net-energy performance remain wind and certain
forms of solar, according to a study released by two California-based think tanks.
to bring manufacturing jobs to Phoenix, Arizona
Nov 16, 2009 - Syanne
Olson - PV+Tech Newsletter
Suntech announced at the US China Green Tech
Summit that its first US manufacturing facility will be built in the greater Phoenix,
Arizona area. The company hopes for the plant to begin production in the third
quarter of 2010 with an initial capacity of 30MW. No specific location has been
decided upon yet, but the company aims to make its final decision in the coming
Billion Per Year More = How Much It'll Cost Us to Keep Delaying Climate Change
Action Beyond 2010
Nov 10, 2009 - Matthew McDermott - Treehugger.com
Here's a quick one on how much more it's going to cost us all financially
to keep putting off taking definitive action on climate change. Reuters reports
that the IEA estimates that for each year of delay past 2010 it adds $500 billion
to the global warming bill:
to receive 1.1 billion dollars in new financing for climate action
Nov 05, 2009 - Xinhua
African efforts to invest in clean energy and prepare
for the devastating consequences of climate change have received a boost with
six countries set to receive 1.1 billion dollars in new financing for climate
action, the World Bank said on Thursday.
Department Allocates $2.2 Billion in Bonds for Renewable Energy
4, 2009 - EERE News
The U.S. Department of Treasury announced on October
27 a new allocation of Clean Renewable Energy Bonds (CREBs) totaling $2.2 billion
for 805 recipients across the country. These energy bonds are designed to help
government agencies, public power providers, and cooperative electric companies
obtain low-cost financing for clean energy development projects. Drawing in part
upon funds from the American Recovery and Reinvestment Act, the bonds function
as "tax credit" bonds, which means that the bondholders receive a federal tax
credit in lieu of a portion of the interest on the bond. That, in turn, keeps
the interest payments low for the project owner. For this round of CREBs, the
federal tax credits will cover 70% of the interest on the bonds. Because the Treasury
Department has a limit on the tax credits it can provide to such CREBs, it must
allocate the bonds in advance.
Awards $151 Million in Recovery Act Funding for ARPA-E Projects
28, 2009 - U.S. Department of Energy
DOE awarded $151 million in American
Recovery and Reinvestment Act funds on October 26 for 37 energy research projects
under the recently-formed Advanced Research Projects Agency-Energy ("ARPA-E").
ARPA-E's mission is to develop inventive approaches to transform the global energy
landscape while advancing U.S. technology leadership by creating jobs and cutting
carbon pollution. This first round of grants will go to researchers and inventors
in 17 states and will support the research and development of new renewable energy
technologies for solar cells, wind turbines, geothermal drilling, biofuels, and
biomass energy crops. The grants will also support a variety of energy efficiency
technologies, including power electronics and engine-generators for advanced vehicles,
devices for waste heat recovery, electrically controlled windows and control systems
for smart buildings, light-emitting diodes (LEDs), reverse-osmosis membranes for
water desalination, catalysts to split water into hydrogen and oxygen, improved
fuel cell membranes, and more energy-dense magnetic materials for a variety of
electronic components. Six grants will go to energy storage technologies, including
an ultracapacitor, improved lithium-ion batteries, metal-air batteries that use
ionic liquids, liquid sodium batteries, and liquid metal batteries.
electrical grid gets $3.4 billion jolt of stimulus funding
2009 - Michael A. Fletcher - The Washiongton Post
ARCADIA, FLA. -- President
Obama stepped up his promotion of the job-creating potential of the $787 billion
economic stimulus package Tuesday, announcing $3.4 billion in grants to improve
the nation's electrical grid.
Leaders Applaud New PV Cost Study That Shows Government Policies Reduce Installed
Costs, Expand U.S. Solar Market
Oct 21, 2009 - Business Wire
Today researchers at Lawrence Berkeley National Lab released "Tracking the Sun
II: The Installed Cost of Photovoltaics in the U.S. from 1998--2008." The new
report found that the average cost of going solar in the U.S. declined by more
than 30 percent from 1998 to 2008, a trend that can be largely attributed to the
success of market-building policies at the state and local level. Findings also
show that, after a three-year plateau, costs decreased by 3.6 percent from 2007
to 2008, marking a pivotal year for the American solar industry.
Costs Of Energy Production And Use
Oct 19, 2009 - Science Daily
A new report from the National Research Council examines and, when possible,
estimates "hidden" costs of energy production and use -- such as the damage air
pollution imposes on human health -- that are not reflected in market prices of
coal, oil, other energy sources, or the electricity and gasoline produced from
them. The report estimates dollar values for several major components of these
costs. The damages the committee was able to quantify were an estimated $120 billion
in the U.S. in 2005, a number that reflects primarily health damages from air
pollution associated with electricity generation and motor vehicle transportation.
The figure does not include damages from climate change, harm to ecosystems, effects
of some air pollutants such as mercury, and risks to national security, which
the report examines but does not monetize.
is the real cost of power production?
Oct 19, 2009 - Katie Howell
- Scientific American
Market prices don't reflect hundreds of billions
of dollars in hidden costs of energy production to human health and the environment,
a National Research Council panel said in a report released today.
Awarded $4 Million in Federal Economic Stimulus Funding To Expand Green Vehicle
Fleet and Test Impact on Electric Grid
Oct 16, 2009 - PRNewsWire
ComEd today announced it has been awarded a total of $4 million in federal
economic stimulus funding to expand one of the nation's largest private fleets
of alternative-fuel vehicles and test solar-powered vehicle charging infrastructure
as part of its study of plug-in electric vehicle usage and its impact on the electric
to Invest $1 Billion in Clean Energy, Form Advisory Group
2009 - Katherine Burton and Jim Efstathiou Jr. - First Enercast Financial
Billionaire George Soros, looking to address the “political problem” of climate
change, said he will invest $1 billion in clean-energy technology and donate $100
million to an environmental advisory group to aid policymakers.
Creeps Into Solar Technology Development
Oct 9, 2009 - Jennifer Kho
The renewable energy venture arm of Iberdrola,
the big Spanish utility, has made a small investment in a Toronto photovoltaic
solar company — a sign that the company is stepping up its role in developing,
and not just deploying, renewable-energy technologies beyond wind power.
Belt sunshine: Silicon Valley solar firm gives autoworkers green jobs
Oct 9, 2009 - Alex Salkever - dailyfinance.com
the hope for redeploying
industrial America likely lies in with technologies more similar to that of Skyline
Solar. The array in Santa Clara puts out 27 kilowatts, enough to power a small-
or medium-sized office building. That is the market Skyline is targeting, a space
that includes office parks, churches, schools and state and local governments.
Me the Money: Loan Guarantee Solicitation for Commercial Technology Applications
Oct 7, 2009 - Stoel Rives
In a much-awaited move, the Department of Energy
("DOE") has issued another solicitation under its Section 1705 Loan Guarantee
Program (the "Section 1705 Program"). Unlike other solicitations under the American
Recovery and Reinvestment Act ("ARRA"), this solicitation is not aimed at the
borrowers or the developers — it is open to lenders only and invites them
to apply for a partial, risk-sharing loan guarantee under the Department of Energy's
("DOE") Section 1705 Loan Guarantee Program for Commercial Technology Renewable
Energy Generation Projects. This solicitation provides up to $750,000,000 of the
$3.95 billion made available to support debt financing of U.S. renewable projects.
The solicitation appears to be DOE's answer to the inability of eligible borrowers
to meet the cost-share requirement.
calls for $10 trillion to be spent on renewables, nuke energy to stave off climate
Oct 6, 2009 - Michael Casey - The
The International Energy Agency said Tuesday
that a $10 trillion investment in renewable energy, biofuels and nuclear power
over the next 20 years is necessary in order to stabilize greenhouse gas emissions.
Heating Up For Solar Industry
Sep 29, 2009 - Donna Howell - Investor's
Lending is starting to flow a little more freely toward
solar-power projects and providers, after a stall.
in greentech back with a vengeance
Sep 29, 2009 - Eric Wesoff - Greentech
After a weak first quarter that had everyone grinding their teeth
and a modestly improved second quarter, venture capital investment in green technologies
roared back with $1.9 billion invested in 112 deals in the third quarter of 2009.
That's up from $836 million in 59 deals in the first quarter of 2009 and $1.2
billion in 85 deals in the solid second quarter.
business: insuring countries against climate catastrophe
2009 - Reenita Malhotra - CNN.Com
The last 50 years have borne witness
to a spate of climate-related disasters across the world causing over 800,000
fatalities and $1 trillion in economic losses.
Group and Duke Energy Investing $600 Million to Convert Vehicles to Plug-in Hybrid
or Electric by 2020
Sep 24, 2009 - Business Wire
Inc. (NYSE:FPL) and Duke Energy (NYSE:DUK) today announced a commitment to transition
their company cars and trucks to plug-in hybrid or all-electric vehicles.
green jobs for every job lost in dirty energy sectors
Sep 14, 2009
Brussels/Canberra -Investment in renewables and energy
efficiency would create seven times more green jobs over the next ten years than
would be lost in the coal and nuclear sectors in Europe, according to a report
launched today by Greenpeace and the European Renewable Energy Council (EREC),
and backed by trade unions.
bank pledges support for DRC's Grand Inga dam
Sept 11, 2009 - Bank
however, are skeptical that the proposed project presents a solution to Africa's
energy problems and whether the millions of Africans without access to electricity
stand to benefit.
energy bank could drive $200 billion in investment, generating over 2 million
Aug 11, 2009 - Climate Progress.org
provision in the clean energy bill, the Clean Energy Deployment Administration,
would have a huge impact on the U.S. clean tech industry, as this guest post by
CAP’s Jake Caldwell explains. Yet the EIA didn’t even model
the clean energy bank in its recent climate bill analysis. Combined with
all the other provisions in the bill, plus the stimulus and the Administration’s
other clean energy and climate policies, Obama would easily meet his promise of
$150 billion in U.S. government investment in clean energy over 10 years —
and in fact will ultimately drive some $100 billion a year in total U.S. investment
in clean energy.
Act Announcement: President Obama Announces $2.4 Billion in Grants to Accelerate
the Manufacturing and Deployment of the Next Generation of U.S. Batteries and
Aug 5, 2009 - EERE
the manufacturing and deployment of electric vehicles, batteries, and components
here in America, and creating tens of thousands of new jobs, President Obama today
announced 48 new advanced battery and electric drive projects that will receive
$2.4 billion in funding under the American Recovery and Reinvestment Act. These
projects, selected through a highly competitive process by the Department of Energy,
will accelerate the development of U.S. manufacturing capacity for batteries and
electric drive components as well as the deployment of electric drive vehicles,
helping to establish American leadership in creating the next generation of advanced
Administration Announces $30 Billion in Loan Guarantees for Renewable Energy Projects
and to Modernize the Grid
Jul 31, 2009 -Wind Today
DC--U.S. Energy Secretary Steven Chu announced July 29 that the Department of
Energy will provide up to $30 billion in loan guarantees, depending on the applications
and market conditions, for renewable energy projects.
the cost of going green in context
Jul 15, - 2009 Kurt Zenz House
- Bulletin of the Atomic Scientists
Over time, the global energy infrastructure
must change because the continued combustion of fossil fuels is altering Earth's
climate in potentially dangerous ways and because the large wealth transfer from
mostly democratic oil-importing countries to mostly autocratic oil-exporting countries
is propping up repressive regimes worldwide. So, we know that the world's energy
infrastructure must change. But, the interesting questions are: how big an investment
are we willing to make to bring about that change and how fast are we willing
to make that investment?
Korea to Invest a Whopping $85bn on Green Technology in ‘Green New Deal’
Jul 6, 2009 - Andrew Williams - CleanTechnica.com
South Korea yesterday
announced plans to invest a staggering Won107,000bn ($85 billion) on ‘green
growth’ industries over the next five years.
power takes root in the Chinese desert
Jul 2, 2009 - Keith Bradsher
- New York Times
As the United States takes its first steps toward mandating
that power companies generate more electricity from renewable sources, China already
has a similar requirement and is investing billions to remake itself into a green
on big oil, dirty coal could cost U.S. $30 trillion by 2030
2009 - Environment America
Between 2010 and 2030, the United States
will spend as much as $30 trillion on oil, coal, and other fossil fuels -
nearly four times the total earnings of all American workers in 2007. At
the same time, pollution from fossil fuels is the number one source of air and
global warming pollution and a leading source of water pollution, said Environment
America in a new report analyzing government data on energy.
Gov. Lingle signs 3 clean energy bills
Jun 27, 2009 - The Associated
Three measures aimed at increasing the state's reliance
on solar, wind and other clean energy sources are now law.
25 green energy leaders
June 15, 2009 - Katherine Harmon - Scientific
Forward-thinking companies, universities and municipalities
are finding creative ways to run on renewable power
economy transforming in green revolution
Jun 11, 2009 - Xinhua
China's economy is going greener as the world's third-largest economy makes
resolute efforts to save energy and reduce pollution.
Me the Money: DOE Announces $256 Million Investment to Improve Energy Efficiency
of the American Economy
Jun 11, 2009 - Stoel Rives
On June 1, 2009, the Department of Energy ("DOE") announced
plans to deploy $256 million from the American Recovery and Reinvestment Act
("Recovery Act") to be used to improve the energy efficiency of the American economy.
Three recent DOE Funding Opportunity Announcements ("FOAs") have been issued in
conjunction with this Recovery Act announcement.
Energy Grows Economy Faster Than Traditional Sources
Jun 10, 2009
- Energy Central
As the state grapples with a multibillion dollar deficit,
a new study by researchers at the University of California, Berkeley, to be released
today examines the economic impacts of different energy pathways for California
and finds that continuing on a business-as-usual energy path risks greater economic
insecurity, while aggressive acceleration of clean energy assures faster and more
sustained economic growth. Relying on renewable sources for 50 percent of California's
electric power, combined with increasing energy efficiency by 1.5 percent a year
will generate half a million new jobs with over $100 billion in cumulative payrolls
over the next 40 years, according to the study.
pc rise in investment in India's renewable energy: UNEP
Jun 07, 2009
- Asia Pulse Data Source - Chennaionoine.com
New Delhi, June 7 India
saw a 12 per cent rise in investment in clean renewable energy like wind, solar,
biomass and small-hydro projects with USD 4.1 billion being pumped into this sector
last year, according to a UNEP report.
where the renewable energy business potentialities grow aplenty
5, 2009 - Ramamathan Menon - Energy Pulse
Many reasons make India a
great investment destination for new and renewable energy firms from all over
the world, especially the size of its market, its speeding growth, its future
potential and its political and economic stability.
trends in sustainable energy investment 2009
Jun 4, 2009 - UNEP
Analysis of trends and issues in the financing of renewable energy and energy
renewable energy aid not enough: IEA
Jun 1, 2009 - Reuters
Renewable energy's sliver of the multi-trillion dollar economic stimulus announced
by the world's biggest economies falls far short of the investment needed to meet
carbon emissions targets, the head of the International Energy Agency said on
Law Alert: Energy financing opportunities in the 2008 Farm Bill
1, 2009 - Stoel Rives
Lately, a lot of attention has been focused on
energy financing opportunities in the American Recovery and Reinvestment Act (the
Stimulus Bill) (see our recent publication Show
Me the Money: The Law of the Stimulus). However, there are still exciting
opportunities for financing renewable energy systems contained in other existing
sources. One such act with enormous potential is the Food, Conservation, and Energy
Act of 2008 (the "2008 Farm Bill").
Energy Finance Cleaning Up 2009 Report Now Avaliable
May 13, 2009
- Clean Edge Alert
Energy Finance is pleased to release the Cleaning Up 2009 report, which
provides an in-depth analysis into VC & PE clean energy investment, highlighting
the key investment trends of 2008 and offers predictions for 2009 and beyond.
While difficult economic conditions led to the contraction of most asset classes
in 2008, venture capital and private equity investment held strong with $32.4bn
of investment in companies and projects.
Opportunities: Green Investing
May 13, 2009 - Farnoosh Torab - MainStreet.com
For those with some money to invest, and an appetite for a little risk, it's
easy being green. The green industry, which not long ago was “getting hugged to
death" by investors (at least according to one financial analyst), is very much
in growth mode, despite an overall volatile investment atmosphere in 2009.
Me The Money: An Economic Stimulus Funding Guide
May 4, 2009 - Stoel
Stoel Rives LLP, a full-service U.S. business law firm, today
announced the publication of a guide to federal clean energy funding opportunities
under the $787 billion American Recovery and Reinvestment Act ("ARRA").
pledges $1.3 billion green investment
Apr 23, 2009 - The
Taiwan will invest 45 billion New Taiwan dollars
($1.3 billion) to expand and upgrade the island's solar and wind energy industries
and help reduce the use of fuel, the Cabinet said Thursday.
to invest up to $3bn in renewable energy projects
Apr 6, 2009
- New Energy World Network
Norway is proposing to allocate up to NOK20bn
($3bn) for green investments, through a new investment programme from its Government
agrees to pursue renewable energy purchases
Apr 2, 2009 - Duncan
Mansfield - The Associated Press
In the face of looming legislative
pressures for cleaner energy, the nation's largest public utility agreed Thursday
to buy more than a nuclear reactor's worth of electricity from renewable energy
Global clean-energy investment falls 53%
- Sandy Shore - The Associate Press
New global investment in
renewable-energy projects fell 53 percent in the first quarter, an indication
money from government stimulus packages has been slow to reach the industry, a
report concluded Thursday.
firm to invest $1 bn in Chilean wind farms
Mar 26, 2009 -EFE
Ireland's Mainstream Renewable Power plans to invest more than $1 billion
in Chile over the next five years to build wind farms, the company's co-founder
and CEO, Eddie O'Connor, said.
to build USD 500 m solar power plant
Mar 23, 2009 - Asia
Pulse Data Source
Qatar is planning to build a major solar energy
plant with an aim to generate at least 100 MW of solar power within five years,
a news report said today.
Energy Trends 2009
Mar 11, 2009 - Clean Edge
is an excerpt from Clean Energy Trends 2009. In last year's Clean Energy Trends
report, we noted that 2008 would prove to be another banner year for clean energy
even in the face of a brooding economic storm. That prognosis proved correct,
with revenue growth among our three key clean-energy sectors expanding by 50 percent
globally between 2007 and 2008.
eyes renewable energy projects
Feb 23, 2009 - McClatchy-Tribune
Regional News - James Monteleone - The Daily Times
stimulus bill is anticipated to steer $43 billion in nationwide investments into
a yearling renewable energy industry, but the slumped oil and gas industry likely
will be left out.
for 20% Wind Would Save Consumers $12B Annually: Study
Feb 13, 2009
- Wind Energy Weekly
An investment in the power grid to enable wind to
supply 20% of the electricity needs of the eastern U.S. would save consumers $12
billion annually, recovering capital costs in as little as seven years while reducing
greenhouse gas emissions and making the power grid more reliable, according to
a study released this week.
Proposes $773 Million Solar Energy Program
10, 2009 - PRNewswire-FirstCall
Public Service Electric and Gas Company
(PSE&G) today asked New Jersey regulators to approve a $773-million proposal
to bring the benefits of 120 megawatts of solar power directly to communities
and customers throughout its service territory.
Billions Needed to Deliver Wind Power to Eastern Interconnection
9, 2009 - PRNewswire - Reuters
The Joint Coordinated System Plan (JCSP'08),
the first step of a transmission and generation system expansion analysis of the
majority of the Eastern Interconnection, estimates the electricity sector will
need over $80 billion in new transmission infrastructure to obtain 20% of the
region's electricity from wind generation.
to fund renewable energy projects in India
Feb 7, 2009 - McClatchy-Tribune
Regional News - Hindustan Times, New Delhi
The European Union will soon
launch a programme, initially through a 300 million euro amount from the European
Investment Bank, to invest in renewable energy projects in India. The Czech Deputy
Prime Minister Martin Bursik announced this on Friday while visiting New Delhi
following the European Union's adoption of its new climate and energy package.
The Czech Republic holds the rotating EU presidency.
Transmission Investments Needed to Unlock Enormous Wind Power Resources in US
Feb 2, 2009 - emergingenergy.com
Cambridge, Massachusetts - The electric
transmission investments proposed in the new Obama administration’s stimulus plan
would have a major impact on wind power development in the US, according to Emerging
Energy Research, a Cambridge MA advisory firm in the renewable energy sector.
EER has recently profiled nine of the largest transmission initiatives under development
in the western United States, which alone are set to unlock 57 GW of new wind
power -- more than tripling the existing wind power capacity in the US. While
most of these large-scale projects are not scheduled for completion until after
2015, hundreds of smaller transmission lines and grid upgrades can provide a more
immediate impact on wind power development in the US.
Economic Forum Report: $515bn per year needed in clean energy investments
Jan 30, 2009 - News@All-Energy
Clean energy opportunities have the potential
to generate significant economic returns. Experts warn against complacency in
combating climate change, urging the link of the economy and climate agendas in
- Better Place Secures 103 Million Euros for Danish
Electric Car Charging Network
Jan 29, 2009 - Clean Edge News
Better Place, a developer of electric vehicle networks, recently announced in
conjunction with DONG Energy, that it has closed approximately 103 million Euros
in equity and convertible debt for the initial deployment of their electric car
charging network in Denmark.
Germany looks at tripling of renewable power output while banks resume financing
Jan 28 2009 - Síle Mc Mahon - Market Watch
Germany has set a goal to triple its generation of power from renewable energy
sources from the current rate of 15.1% to 47% by 2020, according to a Reuters
Electricity Generation and Sales Set New Records in 2007
2009 - Energy Information Administration
Electricity generation and electricity
sales reached record levels in 2007, according to Electric Power Annual 2007,
released today by the Energy Information Administration. Following a year of relatively
weak growth in 2006, net generation of electric power increased by 2.3 percent,
rising to 4,157 million megawatthours and retail sales rose by 2.6 percent to
3,765 million megawatthours in 2007.
energy investment up 4.4%
Jan 19, 2009 - renewableenergyfocus.com
LONDON, UK - Total new investment in clean energy worldwide rose 4.4% during
the course of 2008 and exceeded the US$150 billion mark for the first time, according
to full-year figures from New Energy Finance.
to invest USD two bn in renewable energy sector
Jan 19, 2009 -- Asia
Pulse Data Source
Mumbai - Promoted by a group of Non-Resident Indians
(NRIs), Astonfield Renewable Resources Ltd (ARRL), today said it will invest USD
2 billion in India's renewable energy sector in the next two years.
earmarks NOK 80 million for global clean energy investment fund
12, 2008 - Asia Pulse Data Source
OSLO - Norway earmarked some NOK80
million for the Global Energy Efficiency and Renewable Energy Fund (GEEREF) to
combat climate change and promote clean energy in developing countries, the Ministry
of Foreign Affairs announced Thursday.
Report Finds Green Economy Could Create Millions of Jobs
Sep 25, 2008
- Voice of America News/ContentWorks
A new study says tackling climate
change could create millions of new jobs in both developed and developing countries.
At the same time, the report warns there will be job losses in certain sectors
as countries adjust to the shift from fossil fuel to renewable energy. The International
Labor Organization, the U.N. Environment Program and the International Organization
of Employers produced the study. Lisa Schlein reports for VOA from Geneva.
U.S. jobs seen in clean energy
Sep 11, 2008 - McClatchy-Tribune Regional
News - Monica Chen - The Herald-Sun
Durham, N.C. - A green jobs plan
paid for with auctions of carbon permits could net North Carolina $2.9 billion
over the next two years and 62,015 new jobs, according to a just-released report.
green may bring job boom in state
Sep 10, 2008 - Joe Napsha - The
Pittsburgh Tribune - Review McClatchy-Tribune Regional News
could gain about 86,000 jobs by investing in clean energy technologies, according
to a report released Tuesday by a coalition of labor and environmental groups.
Credits Are Financing Renewable Energy Projects in India
Sep 4, 2008
- Anupam Tyagi - RenewableEnergyWorld.com
Ghaziabad, India - When a
firm in India invests in a renewable energy source to meet growing energy needs,
it may be able to acquire carbon credits. These carbon credits are sold on international
markets generating income for the owner of the credits. Carbon credits, which
are issued to organizations based on their efforts to limit climate change, and
renewable energy projects are intricately linked in India.
in renewables is 'green gold rush': UN
Jul 2, 2008 - Reuters - ABC
In what is being called a "green gold rush," global investment in
renewable energy have surged some 60 per cent to $155 billion in 2007, a United
Nations agency says.
National Grid to spend 70 mln euros on France-UK power line maintenance
Jul 2, 2008 - Thomson Financial News
French grid operator RTE and its
British counterpart, National Grid, said they will spend 70 million euros upgrading
the high-voltage power line between France and the UK.
PM calls for $200B renewable energy push
Jun 26, 2008 - The Associated
LONDON (AP) - British Prime Minister Gordon Brown called for a
$200 billion investment to reduce the nation's dependence on oil and to help meet
European targets for developing renewable energy sources.
to invest huge in renewable energy
Jun 19, 2008 - Xinhua
The Dutch government said it will invest 7.5 billion euros in energy supply between
now and 2011 with priority given to renewable energy, energy saving and CO2 reduction
in order to reduce the country's dependency on oil and gas, Dutch newspapers reported
leaders plan shift from high-carbon to low-carbon
Jun 9, 2008 - renewableenergyfocus.com
LONDON, UK - The world's energy sector is in the throes of a transformation
from high-carbon to low-carbon, but the scale of the challenges remains daunting,
according to clean energy insiders who attended the first New Energy Finance Summit
earlier this year.
tril. needed to halve global CO2 emissions by 2050: IEA
Jun 6, 2008
- The Associated Press
The world needs to invest at least an additional
$45 trillion through 2050 in technology and its deployment to halve global carbon
dioxide emissions by that time from current levels, the International Energy Agency
says US investment in Clean Technology Fund is 'critical'
2008 - Thomson Financial News
WASHINGTON - It is 'critical' that the
US support the Clean Technology Fund (CTF), a multilateral initiative that aims
to help developing countries fund the additional costs of deploying clean energy
technologies over dirtier and often cheaper alternatives, a Treasury official
told a House Subcommittee today.
Aims to Invest $17 Billion in 'Sustainable Energy Projects'
2008 - New Energy Finance - Clean Edge News
Econcern, the privately
owned, Utrecht-based renewable power group, is aiming to invest between EUR 10bn
and EUR 12bn in "sustainable energy projects" by 2012.
to help create funds for clean energy projects for Pakistan, other Asian countries
Apr 18, 2008 - Asia Pulse Data Source
The Asian Development Bank will
help establish five private sector funds targeting investments of up to $1.2 billion
(750 million euros) for clean energy projects in Asia, the bank said Thursday.
The Manila-based bank said it will provide $20 million (euro12.56 million) to
each of the five private equity funds, for total seed money of $100 million (euro63
to invest 1 billion USD for clean energy in Asia
Apr 6, 2008 - VNDaily.net
The Asian Development Bank (ADB) is expected to invest one billion USD annually
in "clean energy" projects in Asia, the Manila-based bank said. ADB Vice-President
for Sustainable Development Ursula Schafer-Preuss was quoted by NAM News Networks
as making the announcement at an ADB and US Agency for International Development
(USAID) sponsored forum on finding cleaner energy sources for Asia.
Mar, 2008 - CleanEdge
Amid a challenging economic
outlook—plummeting housing prices, rising foreclosure rates, record-high oil prices,
sinking consumer confidence, looming recession—2007 was another banner year for
clean energy, with no signs of a slowdown in 2008. Solar, wind, biofuels, geothermal,
energy intelligence, hybrid- and all-electric vehicles, advanced batteries, green
buildings, and other clean-energy-related technologies and markets provided bright
spots in an otherwise sluggish economy.
private cash driving clean energy
Feb 6, 2008 - The Associated Press
NEW YORK (AP) -- High oil prices and growing concerns about the environment
may drive more than $7 trillion of new investment in so-called clean energy technologies
by 2030, an energy research group says.
Energy Investment Exceeds $117 Billion in 2007
Feb 6, 2008 - EERE
The global investment in clean energy grew 41% in 2007,
reaching $117.2 billion, according to analysts at New Energy Finance, Ltd. Wind
power drew the greatest amount of investments, followed by solar energy and energy
efficiency, while biofuels investments slowed due to surging costs for crops.
The majority of the funds, $54.5 billion, were used to finance assets such as
biorefineries, wind farms, and solar power plants. In fact, nearly half of that
went toward wind energy investments. Meanwhile, solar project investments of $5.9
billion represented an 82% increase over investments in 2006, driven partly by
large solar energy facilities in Spain and Italy. Solar energy also became the
leading clean energy candidate for venture capital and private equity investment,
attracting $3 billion of new equity. Much of that went toward solar energy startups
in the United States; HelioVolt alone raised $101 million. Clean energy stocks
also did well, as thin-film solar power company First Solar led the pack with
a nearly 8-fold increase in price.
banks take issue with coal plants
Feb 5, 2008 - The Associated Press
Three of the nation's largest investment banks said Monday they've developed
new environmental standards to help lenders evaluate risks associated with investments
in coal-fired power plants.
Dhabi Commits US$15 Billion to Alternative Energy, Clean Technology
Jan 21, 2008 - PRNewswire - USNewswire
In the opening ceremony of the
World Future Energy Summit here today, Abu Dhabi announced the most ambitious
sustainability program ever launched by a government -- an initial investment
of US$15 billion in projects targeting solar, wind and hydrogen power; carbon
reduction and management; sustainable development; education; manufacturing; and
research and development.
Congestion And Investment Analysis (pdf)
2088 - ICF International
Transmission access is central to maintaining workably competitive power
markets and to achieving expected returns on power plant investment. Declining
investment in transmission capacity in recent years presents risks and opportunities
in the power markets for the investors and owners of both generation and transmission
assets. The winners will be those who are able to take a forward view of the marketplace
and adopt strategies that will minimize risks and maximize value from the ownership
and utilization of transmission. ICF International can help you to assess these
factors in many ways.
Trends in Sustainable Energy Investment 2007 (PDF)
2007 - United Nations
Analysis of Trends and Issues in the Financing
of Renewable Energy and Energy Efficiency in OECD and Developing Countries. This
report was commissioned by UNEP’s Division of Technology, Industry and Economics
(DTIE) under its Sustainable Energy Finance Initiative and was produced in collaboration
with New Energy Finance Limited.
Cities offer cash, perks to entice residents to go green
Dec 27, 2007
- Brian Skoloff - The Associated Press
Free hybrid car parking. Cash
rebates for solar panel installations. Low-interest loans for energy-efficient
home renovations. Tearing up that water-thirsty lawn in the parched Southwest?
The check's in the mail, courtesy of a city government.|
Solar to Build 300MW Solar Manufacturing Plant in Spain
Dec 11, 2007
- Clean Edge News
BP Solar, a European market leader in the design,
manufacture and marketing of photovoltaic solar energy, will begin construction
in the second quarter of 2008 of a module assembly factory in the industrial park
of La Nava II, in Puertollano (Castilla La Mancha). This represents an investment
of around 100m Euros.
Research to Get Boost From Google Goal to Oust Coal
Dec 6, 2007 -
California Energy Markets
Google plans to spend hundreds of millions
of dollars in coming years to make electricity from renewable sources cheaper
than that generated from coal.
and BBVA to Lead $185 Million Senior Secured Financing for New 164 MW Wind Farm
Nov 30, 2007 - PRNewswire
NEW YORK - Fortis and BBVA, today
announced that they have been selected to be Joint Bookrunners and Joint Lead
Arrangers for a $185 million Senior Secured Financing that will support construction
and operation of NedPower Mount Storm LLC (the "Project"), a new 164 MW wind farm
in Grant County, West Virginia. Shell WindEnergy, a division of Royal Dutch Shell
, one of the largest wind farm owners in the world, and Dominion one of the largest
producers of energy in the U.S., are sponsoring the Project and will own it on
a 50/50 basis. Fortis will also act as Administrative Agent and Security Agent
for the Project.
Renewable's Unit IPO Set For Dec 13
Nov 22, 2007 - Dow Jones News
MADRID -(Dow Jones)- Shares in Iberdrola Renovables, the renewable energy
unit of Spanish power utility Iberdrola SA (IBE.MC), are set to start trade Dec.
13, in one of the biggest initial public offerings in Spain.
of Canada Invests in Canada's Largest Wind Energy Project
Nov 8, 2007
The Honourable Tony Clement, Minister of Health and Minister
for the Federal Economic Development Initiative for Northern Ontario, was at the
Prince Wind Energy Farm today to announce more than $53 million in funding, over
ten years, for the largest wind energy project in Canada. Minister Clement, speaking
on behalf of the Honourable Gary Lunn, Minister of Natural Resources, was joined
by Mr. Harry Goldgut, Chairman and Co-Chief Executive Officer of Brookfield Power,
to make the announcement.
Winds Morph into a European Power Play: EU Firms Are Attracted to Open Space
and Generous Subsidies for Green Energy
Nov 8, 2007 - International Herald
The European Union has taken the lead on many climate change
issues - from ratifying the Kyoto Protocol to passing laws to require and encourage
the development of renewable energy. Why, then, are so many European energy companies
looking to invest in the United States?
Q3 revenue increases
Nov 7, 2007 - Datamonitor
Danish wind turbine maker, announced revenue of E1.5 billion for the third quarter
of 2007, compared to E842 million for the same quarter of 2006.
Turbine Supply Will Catch Up with Demand - Panel
Nov 6, 2007 - Wind
Global supply and demand for wind turbines and related
components should begin to balance out in 2009 and into 2010, although the industry
value chain is still significantly hindered by policy uncertainty, said panelists
in a session that tackled supply chain issues at the AWEA 2007 Wind Energy Fall
for green returns
Oct 28, 2007 - San Diego Union-Tribune
Experts urge caution as investors flock to environmentally friendly companies.
Green is good. At least that's the bet of an increasing number of investment fund
managers, retirees and armchair stock pickers who are pouring billions into “green”
stocks, and not necessarily for the love of nature.
the Grid Gets Green Light
Oct 17, 2007 - Business Wire
California Independent System Operator Corporation (California ISO) Board of Governors
today approved making changes to its federal tariff that spell out how a new financing
tool will work to remove barriers for renewable power trying to access the power
grid. If approved formally by the Federal Energy Regulatory Commission (FERC),
the new financing mechanism will make it feasible for smaller green power developers
to hook up to the transmission system and gain entry into the competitive market
Group Plans to Boost U.S. Solar Energy Production
Sep 26, 2007 -
JUNO BEACH, Fla. - FPL Group, Inc. (NYSE:FPL), one of the
country's leading generators of renewable electric power, today announced a $2.4
billion investment program aimed at increasing U.S. solar thermal energy output
and reducing carbon dioxide emissions that contribute to global warming.
Calls for $265B Investment in Renewable Energy
Sep 5, 2007 - Red Herring
Shares in renewable energy companies edged up on China's stock exchanges
Wednesday following the release of a national plan for reducing fossil fuel-based
energy consumption, according to the country's official Xinhua News Agency.
against global warming may hinge on 'green' energy investments
28, 2007 - The Associated Press
They could be powerful new weapons in
the battle against global warming: turbines powered by waves or wind, or technology
that scrubs the skies to recapture and recycle carbon.
energy can save Southeast Asia 2 trln usd in fuel costs - Greenpeace
Aug 23, 2007 - Thomson Financial - AFX News
SINGAPORE - Shifting to renewable
energy could save Southeast Asian countries as much as two trillion US dollars
in fuel costs over the next 23 years, or more than 80 billion dollars annually,
environmental group Greenpeace said Thursday.
to invest E3 billion in Renewables unit by 2010
Aug 1, 2007 - Datamonitor
German utility E.ON has pledged to invest E3 billion in renewable energy
projects by 2010, and has also announced that it will establish a new business
unit for the specific purpose of expanding the company's renewable energy activities
in the coming years.
KLD Global Climate 100 Index Marks Second Year (pdf)
Jul 27, 2007
KLD Research & Analytics, Inc., an independent investment research
and index provider, marked the second anniversary of its Global Climate 100 Index
(GC100) – the first global index focused on solutions to climate change.
Texas oil tycoon plans largest wind farm
Jun 20, 2007 - The Associated
2,000 turbines over 200,000 acres at cost that could reach $6 billion
LUBBOCK, Texas - Billionaire T. Boone Pickens is planning to cash in on the
wind energy boom by building the world's largest wind farm in West Texas.
to invest 2.5 billion euros in renewable energy sources by 2010
19, 2007 - Xinhua
Greek Development Minister Dimitris Sioufas on Monday
signed a ministerial decision on licensing of electricity production from renewable
energy sources and high-performance heating electricity co-production in the country.
KLD Global Climate 100SM Index
The KLD Global Climate 100SM Index (GC 100)
is a specialty index designed to promote investment in public companies whose
activities demonstrate the greatest potential for mitigating immediate and long-term
causes of climate change.
Energy Finance & Investment Network (REFIN) (pdf)
2004 Version - ACORE
A directory of sources of finance for renewable energy and energy efficiency
in the United States.
from Transmission Investment (pdf)
Oct, 2004 - Kojo Ofori-Atta, Elliot
Roseman, Bansari Saha, Scott Stuart, Marc Lipschultz & Jonathan Smidt - Public
The still-fresh memories of last year’s Northeast
blackout coupled with rising congestion nationwide have increased awareness of
the electric transmission investment shortfall in the United States. Such investment,
in the right locations, would have a highly positive benefit-cost ratio. But how
much should be spent?
Transmission Grid Investment in a Competitive World (1.4 MB .pdf), a GF
Energy LLC White Paper
Regulation alone cannot improve
operation of our transmission grid to the level required by a 21st Century economy.
Success requires experienced visionary grid management teams with a long-term
stake in this outcome.
leaves California powerless
Jan 11, 2001 - Ron Recinto - Redherring.com
As California goes, so goes the nation. At least, that's what power entrepreneurs
hope will happen, since the Golden State's sudden propensity for brownouts might
yield a major shift in the way the energy business works nationally.
called key to renewable energy success
Nov 30, 2000 - Denver Rocky
Increased use of renewable energy is likely to depend more
on prices coming down rather than a crisis in natural gas costs and other conventional
fuels, an expert said Wednesday.
to propose "generous" aid for renewable energy
Nov 23, 2000
European Union Competition Commissioner Mario Monti said on Tuesday he would put
forward proposals to allow generous state aid and tax incentives to promote renewable
energy: good for the world, better for the bottom line
Oct 2, 2000
- Dwane Wilkin
Christian Vachon dropped all the green slogans from his
spiel two years ago, when it finally dawned on him that people who buy clean energy
really don’t care about the environment. “The bottom line is money,” says Vachon,
an engineer whose Canadian company, Enerconcept Inc., sells and installs renewable
solar and wind power systems in southeastern Quebec. “That’s the kind of world
we live in.”
Energy Sources Heating Up
Aug 14, 2000 - Jeff McDonald - San Diego
Here's one byproduct of the summerlong run-up in energy
costs that might pay big dividends down the road: More and more businesses and
homeowners are looking at alternative ways to light their offices, power their
PCs and tune in their televisions.
energy secretary positive about opening of Mexican electricity
2000 - Associated Press
U.S. Energy Secretary Bill Richardson on Friday
characterized as "very positive" a proposal by Mexico's president-elect to open
this country's electricity sector to private investment.
of Renewable Energy Resources
Energy Resource Maps
Energy Grid Maps
GENI Transmission Library
IREC Connecting to the Grid
(Interstate Renewable Energy Council)
International Congress on Large High-Voltage Electric Systems
International Practices Committee panel sessions
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