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.
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.
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.
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.
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.
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.
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.
Harvard’s Star Alumni Urge Week of Fossil Fuel Protests
Actress Natalie Portman, environmentalist Robert F. Kennedy, Jr., and other high-profile Harvard University alumni are calling for demonstrations to urge divestment from fossil fuels.
Chile Gets Cleaner at a Profit with Renewable Energy Push
Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.
Carbon Emissions Stop Rising for First Time in 40 Years
Global emissions were unchanged last year, the first time that’s happened amid economic growth in four decades, according to the International Energy Agency.