Over $10 billion has been invested so far into renewable energy by GE’s energy investing unit, the company recently announced — making GE Energy Financial Services one of the leading investors in the industry. When taken altogether, the projects produce roughly two times the electricity consumed annually in Los Angeles … [continued]
Originally published on Energy & Policy Institute. Wind farms reduce greenhouse gas emissions in the overall electrical grid on close to a 1:1 basis. Typical grids produce 800 g of CO2 equivalent (CO2e) per KWh generated by their mixes of fossil, nuclear and renewable generation, and wind energy displaces virtually all of … [continued]
Several weeks ago Peter Sinclair of Climate Denial Crock of the Week took up the latest news from the seesawing $14 billion wind industry in the US, which is the world’s second-largest buyer of turbines. Sinclair publicized a short video of Sen. Chuck Grassley (R-IA, above) revealing an “intellectually dishonest” accusation … [continued]
General Electric has announced its first major investment in the Indian solar energy sector. The beneficiary is the largest operational solar power plant in India. The American major has invested $24 million in 151 MW solar photovoltaic power project owned by Welspun Energy. The plant was commissioned in February this … [continued]
Originally published on Ecopreneurist. Lack of access to freshwater is a major touchpoint of our times, as we require it for drinking, washing, and a wide variety of industrial processes, and one of the biggest challenges facing nations in arid regions is supplying fresh potable water in a cost-effective and energy-efficient … [continued]
General Electric is reportedly in talks to buy Alstom SA — one of the biggest energy solutions and transportation companies in the world — for more than $13 billion. This would put the buying price about 25% higher than Alstom’s current market price. If completed, the acquisition of the French-owned … [continued]
In order to help show how renewables can innovatively help meet the growing demand for electricity, GE & PowerStream have launched a microgrid demonstration project in Ontario, Canada. “The project will demonstrate how energy consumers and utilities may be able to generate and distribute their own energy using renewable energy resources … [continued]
Originally published on Solar Love. It seems that all of the solar financing companies have been completing big financing rounds lately. We just covered a new funding deal for SunPower and then got news of one for Sungevity. Sungevity has just raised $70 million in new equity financing, with cash coming from … [continued]
During my January trip to the UAE for Abu Dhabi Sustainability Week*, a few other bloggers and I got to walk through GE’s fresh and clean** (just-opened) ecomagination Center. Located in Masdar City, this is GE’s only ecomagination center to date, despite the program being massively well funded and hugely successful. During … [continued]
Originally published on Rocky Mountain Institute. By Dan Seif and James Mandel When people say “Keep Austin weird” they really mean keep it small and special. And we’re all for keeping Austin weird as it’s a cool city with awesome music. While utility scale solar finance is still “weird” in that it involves … [continued]
