Day: February 4, 2019
Geothermal Saves Kenya $24 Million of Fuel Monthly, Says KenGen
New power-generating units at Kenya’s Olkaria I plant are saving East Africa’s biggest economy about 2.2 billion shillings ($24 million) a month on fuel costs, according to the country’s biggest electricity producer.
India Renewables Boom Aided by International Funds
India said cheaper credit along with foreign investment will help the world’s third-largest polluter fund an ambitious renewable energy program that would build green power plants faster than China.
Enel Putting Final Touches on Yieldco for US Renewable Assets
Enel SpA is putting the final touches on a yieldco that would hold its U.S. renewable energy assets, making it the latest power-plant owner to opt for a structure that frees up capital.
California's Clean Tech Industry Best in US for Jobs and Investment
California’s bet on green energy is paying off, with clean technology companies creating more jobs and investing more money than competitors in any other state.
Obama Proposes $4 Billion for States Beating Climate Goals
The Obama administration is proposing a $4 billion fund to reward states that exceed cuts in greenhouse-gas emissions, and wants Congress to back steeper royalty rates for oil, gas and coal extraction from public land.
Want to Buy a Used German Power Plant? Shipping Is Included
Germany’s utilities, battered by the country’s shift to wind turbines and solar panels, would be glad to sell you a power plant on the cheap. They’ll even pack it up and ship it to another country.
Brazilian Bank Raises $408 Million for Renewable Energy and Water Projects
The Brazilian bank Itau Unibanco Holding SA raised 1.05 billion reais ($408 million) to finance renewable energy and water treatment projects.
India Clean Energy Investments Rose 13 Percent to $7.9 Billion in 2014
Clean energy investments in India increased to $7.9 billion last year and are expected to surpass $10 billion in 2015.
China Nears Publication of Plan to Guide Geothermal Developments
China could be nearing publication of a plan to guide the development of geothermal energy resources over the next few years as it plunges ahead with efforts to get more of its energy from renewable sources.
Utility GDF Suez Plans to Double European Renewable Capacity by 2025
GDF Suez SA plans to double renewable power production capacity in Europe over the next decade as the utility shifts its focus away from developing more historic natural gas and nuclear energy sources in the region.