Having boosted Seagen’s energy output 2 GWh since January, the Siemens MCT project team is looking forward to additional deployments in the UK, as well as orders from other tidal power project developers. […]
Iron ore mines in Brazil, a chromium mine in South Africa, and an open-cast coal mine in Germany’s Rhennish mining area — they’re all making use of, or preparing to make use of, renewable energy systems, an emerging trend that could benefit mining companies and local communities in several substantial respects. […]
The first of 140 turbines is being erected on the Oklahoma wind farm, a project developed by TradeWind Energy and owned by Enel NA and GE Energy Financial Services that’s expected to inject some $5 million into the local economy, create 150 jobs, and avoid CO2 emissions equivalent to taking 110,000 cars off the road. […]
Confounding pessimistic expectations for Rio+20, Ban-ki Moon announced encouraging news regarding the UN’s “Sustainable Energy for All” program. The UN Secretary reiterated his assertion that “sustainable energy is the golden thread that weaves together the economy, the environment and equity.”
As the UN Rio+20 conference on sustainable development opened, the US international development bank announced it is investing in renewable energy and energy infrastructure funds focused on financing projects across Latin America, Southeast Asia and Sub-Saharan Africa. […]
In what’s sure to be a closely watched smart grid event, project partners have installed the Pacific Northwest Smart Grid Demonstration Project’s transaction control system, which, if all goes well, will dynamically manage electricity demand, supply and grid conditions across interconnected assets of 11 utilities. […]
One of the ways the US federal government subsidizes the fossil fuel industry is by allowing natural gas, oil and coal investors to form Master Limited Partnerships (MLPs). These special purpose investment vehicles exempt companies forming them from corporate income taxes. Legislation from Delaware Sen. Christopher Coons seeks to level the playing field by opening MLPs up to renewable energy investors. […]
Substantial headway in forging a green economy has been made across Europe. While the success of efforts in Germany, Italy, Spain, and the Czech Republic are all noteworthy, Denmark and Scotland stand out when it comes to reducing the environmental impact of our economic activities, whether they originate on the production or consumption side of the ledger. […]
Local banks have come together to finance Qatar’s first solar-grade polysilicon production plant, a planned $1.1 billion, 8,000-metric-ton facility being built by Qatar Electricity and Water (QEWC), and Qatar Solar Technologies (QSTec), a joint venture of the Qatar Foundation that supports efforts to transform the Gulf Coast country’s economy from a carbon-based to a knowledge-based one.
Wind and renewable energy have been growing rapidly worldwide, but for industry leaders, including India’s Suzlon, financial sustainability remains elusive. Encouraged by its recent results, a large group of banks has pledged to loan Suzlon enough money for it to cover looming bond redemptions.
