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.
Green Whiskey: Scottish Distillery To Be Powered by Combined Heat and Power Plant
Scotland’s Macallan whisky distillery is set to get most of its heat requirement from a combined heat and power plant part-funded by the government.
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.
Obama Delay on Biofuel Rule Puts Intended Beneficiaries in Bind
In the arid Imperial Valley of California, Tim Brummels is trying to turn an agricultural cousin of sugarcane into low-carbon ethanol.
Gevo CEO Sees Minnesota Biofuels Plant Breaking Even This Year
Gevo Inc.’s biofuels plant in Minnesota, which has suffered production delays because of contamination, may break even by the end of 2014 as output of ethanol and isobutanol from agricultural waste increase.
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.
UK Announces $340 Million Renewable Power Contract Auction
The U.K. said renewable-power projects will compete for guaranteed payments worth more than 200 million pounds ($340 million) a year as part of its first auction of contracts to spur low-carbon electricity.
EU Approves UK Payments for Renewables, Capacity Guarantees
The European Commission approved the U.K. government’s renewable energy contracts and so-called capacity payments, saying the program that benefits power plants complies with state-aid rules.
The Hydroelectric Production Incentives Program shows promise to encourage hydro development
With its revival for fiscal year 2014, the Hydroelectric Production Incentives Program shows promise as a new federal revenue stream for hydro facilities.
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.