Global Clean Energy Investment Jumps 16 Percent in 2014
Clean energy investment rose for the first time in three years in 2014, overcoming a slump in oil prices that unsettled the outlook for the industry.
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.
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.
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.
Africa’s First Grid-Connected Biogas Plant to Start in Kenya
Africa’s first grid-connected biogas plant will begin supplying power by March 1, according to Johnnie McMillan, managing director of Tropical Power Kenya Ltd.
Stockholm Power Goes Green as Biomass Ousts Coal
For a lesson in global energy history, look no further than Stockholm’s oldest power plant. Since 1903, Fortum Oyj’s Vaerta harbor site has generated power using coal, oil, natural gas and even considered nuclear. Now it’s phasing out the last coal furnace and replacing it with the world’s largest combined heat and power generator that will burn just wood chips and timber scraps by next year.
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.