German Utility's Race for Renewables Seen as Too Little, Too Late
RWE AG, the German utility whose coal-fired plants make it Europe’s largest carbon emitter, officially started the company’s largest renewables project on Thursday: a wind farm in Liverpool Bay off Britain’s coast.
Uruguay Spends $2.6 Billion to Become South America Wind Leader
Uruguay hopes to generate as much as 38 percent of its power from wind by the end of 2017, up from about 13 percent now, cementing Uruguay’s position as South America’s top wind-energy user, according to Gonzalo Casaravilla, chairman of the state- owned electric utility UTE.
EU Raises Concern That UK, France Won't Meet Renewables Goal
The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.
Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt
Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new issuance to feed the growing appetite for socially responsible investments.
Nordic Renewables Boom Set to Exceed Wind Energy Target
Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.
Scientists Start $150 Billion Program to Cut Clean Energy Costs
Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal.
Two Workers Die in “Landslide” at Hamzadere Dam Irrigation System in Turkey
Two construction workers died as the result of a landslide and additional workers were injured on May 22 at the construction site of the Hamzadere Dam Irrigation System in the Ipsala district of Edirne, Turkey. Edirne is in the northwestern-most part of the Turkey near its border with Greece.
Carbon Market Overhaul Closer After EU Lawmakers Approve Plan
European Union negotiators are endorsing an accelerated overhaul of the bloc’s carbon market after the price of emission rights fell to levels that fail to deter polluters.
Japan Anticipates Clean Energy Will Edge Out Nuclear Power
Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants.
US Power Grid’s $2 Trillion Upgrade Needs European Efficiency
A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.