Renewables to Receive Lion's Share of $7.7 Trillion in Global Power Funding
Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.
Rehabilitation of Turbines at the Ohakuri Hydro Power Station
Turbine rehabilitation at the 112 MW Ohakuri Hydro Power Station in New Zealand was owner Mighty River Power's most complex program of works of any it had previously performed.
Japan Bank Sets Aside $2 Billion for Clean Energy
Shinsei Bank Ltd., a lender for Goldman Sachs Group Inc.’s clean-energy projects in Japan, plans to provide as much as 200 billion yen (US $2 billion) in loans for renewable developments.
Using the BioPA method to help ensure safety of fish at the 912-MW Priest Rapids project
To help ensure the safety of fish passing through the new turbines at 912-MW Priest Rapids, Public Utility District No. 2 of Grant County is employing the BioPA method to analyze the biological performance of proposed designs - and to choose an improved one for this facility.
Orix Plans to Build as Many as 15 Small-scale Geothermal Plants in Japan
Orix Corp., a Tokyo-based finance and leasing company, plans to build as many as 15 geothermal power stations in Japan in the next five years.
France Spurs Efficiency, Renewables with $13.4 Billion Energy Plan
France’s planned energy law will mobilize about €10 billion (US $13.4 billion) in investment through tax credits and low-interest loans to spur efficiency and renewable power, Environment Minister Segolene Royal said.
India to Sart Construction on German-backed $8 Billion Renewable Grid Project
India will begin construction this year on an $8 billion project backed by Germany’s development bank to upgrade its grid to handle a more than doubling of renewable power capacity by 2022.
Australia Chills Hopes for $20 Billion Clean Energy Industry
Australia is frightening developers away from renewable energy even before the government decides whether to overhaul targets for the industry’s growth.
South Africa Seeks to Improve Process for Renewable Energy Deals
South African Energy Minister Tina Joemat-Pettersson said her department wants to address weaknesses in the process of commissioning renewable-power projects.
Expect $1.6 Trillion in Clean Energy Investments Through 2020, Says IEA
Investments in new clean-energy capacity will total $1.61 trillion through 2020 even as the expansion of renewables is expected to slow, the International Energy Agency said.