Day: February 4, 2019
World Bank Offers $1 Billion for Batteries in Emerging Markets
The World Bank Group committed $1 billion to finance battery-storage systems in developing and middle-income countries, and expects its participation to attract another $4 billion in backing from investors as well as public and private funds.
US Production, Consumption of Non-Hydro Renewables Hit Record High in 1H 2018
Non-hydro renewable energy sources (i.e., biofuels, biomass, geothermal, solar, wind) set new U.S. records for both production and consumption in the first half of 2018, according to a SUN DAY Campaign analysis of data just released by the U.S. Energy Information Administration (EIA).
Corbyn Vows to ‘Kickstart a Green Energy Revolution’ in the UK
The Leader of the Opposition in the UK has vowed to “kickstart a green jobs revolution that will help tackle climate change, provide sustainable energy for the future and create skilled jobs in every nation and region” of Britain.
Indian Solar Tariff Questions Answered: Will They Delay Modi's Goals?
India has imposed duties on imports of solar equipment from China and Malaysia lasting two years. The aim is to kick-start a domestic industry that’s failed to take off in the face of ever-cheaper imports of solar cells and modules. China accounted for 89 percent of imports in the last financial…
China Sets New Renewables Target of 35 Percent by 2030
China is stepping up its push into renewable energy, proposing higher green power consumption targets and penalizing those who fail to meet those goals to help fund government subsidies to producers.
Rhode Island Charts a Course for a Cleaner Grid
Rhode Island is a small state with big energy ambitions. Like many states, however, those ambitions are complicated by an outdated electric grid.
Alabama Power Seeks Renewable Energy
Alabama Power said last week that the utility is seeking proposals to meet future energy and reliability needs, including proposals for potential renewable energy projects.
California Clean Energy Mandate Comes at Utilities' Expense
California’s ambitious push for clean energy will be a tough lift for utilities and potentially their bondholders.
DP Energy gets grant to advance tidal project development in Canada
Natural Resources Canada (NRCan) has awarded DP Energy a grant of C$29,750,000 (US$23 million) under the Emerging Renewable Power Program (ERPP) to support tidal energy development at the FORCE facility in the Bay of Fundy, Nova Scotia.
How Renewables Lead to a World of Peak Energy
It can be hard to get your head around just how much energy the world uses. Expressed in terms of oil, it was equivalent to almost 14 billion metric tons of the stuff in 2017. That’s like burning through all of Russia’s proved reserves in the space of 12 months, which is, in technical terms, a……