President Barak Obama announced that 81 of the U.S.’s leading companies have signed onto the American Business Act on Climate pledge. The companies from Alcoa to GE, GM, International Paper, McDonald’s, Xerox and a host of other companies from a wide range of industries agreed to reduce emissions, increase low-carbon investments, use more clean energy … Continue reading Obama Gets More Than 80 Leading US Companies to Agree to Act on Climate Change
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OPIC partners with Solarreserve and ACWA power to develop landmark South African concentrated solar power plant
As part of Secretary John Kerry’s Climate and Clean Energy Investment Forum, the Overseas Private Investment Corporation (OPIC) today signed an agreement with U.S. based energy developer SolarReserve and Saudi Arabia based ACWA Power , recognizing OPIC’s $400 million commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project … Continue reading OPIC partners with Solarreserve and ACWA power to develop landmark South African concentrated solar power plant
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China adds 9.9 GW solar energy capacity in first nine months
China added 9.9 gigawatts (GW) of photovoltaic (PV) power-generation capacity in the first nine months of 2015, the National Energy Administration (NEA) said on Tuesday. The amount includes 8.32 GW from PV power stations and 1.58 GW from distributed PV power projects, according to NEA figures. China’s cumulative-installed capacity for solar PV power hit … Continue reading China adds 9.9 GW solar energy capacity in first nine months
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Renewables bring down the wholesale cost of energy
The report has been published today by independent energy company Good Energy and is backed by experts at the University of Sheffield. It follows recent announcements by the Government that it will cut subsidies for renewables such as solar and wind in order to keep bills as low as possible for families and businesses. Good … Continue reading Renewables bring down the wholesale cost of energy
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Iberdrola and ASAJA agree to collaborate on boosting solar photovoltaic generation in agricultural sector
Iberdrola and the Young Farmers’ Agricultural Association (ASAJA) have entered into an agreement about boosting the comprehensive solar photovoltaic generation solution offered by the electric utility to its customers, Smart Solar Iberdrola, which enables them to generate and consume their own energy by installing this type of technology. The agreement was signed at Iberdrola’s offices … Continue reading Iberdrola and ASAJA agree to collaborate on boosting solar photovoltaic generation in agricultural sector
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ABB’s energy storage system range showcased at Solar Energy UK 2015
One of the biggest challenges with solar energy is the fact it is unpredictable and its usage is not completely discretionary. By combining energy storage and load management capability with a traditional photovoltaic inverter, self-consumption and energy independence are significantly improved. On the residential side, ABB is unveiling its renewable energy accumulator and conversion technology … Continue reading ABB’s energy storage system range showcased at Solar Energy UK 2015
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Acciona will be at the second edition of the Morocco solar festival in Ouarzazate
This will be the second year in which Acciona sponsors this international event which seeks to raise awareness with regard to the great potential of renewable energies and, in particular, concentrated solar power. This will be the second year in which ACCIONA sponsors this international event which seeks to raise awareness with regard to the … Continue reading Acciona will be at the second edition of the Morocco solar festival in Ouarzazate
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Cuba to increase renewable energy use by 2030
Cuba is working to increase by six times the use of renewable energy in the national energy matrix by 2030 by among others constructing 13 large wind energy farms capable of producing 633 megawatts. During the Ministry of Energy and Mines national conference on science, technology and innovation taking place in Cojimar, Havana, the ministry’s … Continue reading Cuba to increase renewable energy use by 2030
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International renewable energy developers look to invest in Sub-Saharan Africa
International renewable energy (RE) power developers are looking to invest in Africa as a result of the continued success of the South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and the global decline in RE technology costs. RE suppliers are more specifically looking to explore opportunities in sub-Saharan Africa due to the surplus … Continue reading International renewable energy developers look to invest in Sub-Saharan Africa
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IHS Raises Global 2015 Solar Photovoltaic Forecast to 59 GW
Global solar photovoltaic (PV) demand will reach 59 gigawatts (GW) in 2015, an increase over the previous solar-PV demand forecast released in June 2015, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. The company now expects global solar installations to grow by 33 percent this year, which is … Continue reading IHS Raises Global 2015 Solar Photovoltaic Forecast to 59 GW
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Solar Energy Photovoltaics plus Energy Storage Nanogrid Revenue Is Expected to Reach $23.1 Billion in 2024
A new report from Navigant Research examines the global market for solar photovoltaics (PV) plus energy storage nanogrids, including an analysis of market issues, with forecasts for capacity and revenue, through 2024. During the last year, partnerships between solar PV companies and energy storage system (ESS) providers have increased rapidly, with their synergies giving … Continue reading Solar Energy Photovoltaics plus Energy Storage Nanogrid Revenue Is Expected to Reach $23.1 Billion in 2024
Continue readingThe Americas stand out in solid Q3 for clean energy investment
Worldwide investment in renewable energy and energy-smart technologies totalled $70bn in the third quarter of 2015, just 1% below the equivalent figure a year earlier, according to the latest authoritative data from Bloomberg New Energy Finance. The largest projects to be financed in Q3 this year included solar thermal electricity generation, or CSP, plants … Continue reading The Americas stand out in solid Q3 for clean energy investment
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South Africa on way to 30 pct renewable energy by 2025
South Africa has rapidly become a world player in renewable energy and is well on its way to achieving the government’s goal of 30 percent clean energy by 2025, the Department of Energy (DOE) said on Tuesday. In a report, the department cited an independent study by the Council for Scientific and Industrial Research … Continue reading South Africa on way to 30 pct renewable energy by 2025
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U.S. renewable energy surges to historic levels, coal use 21% below 2005
America’s reliance on wind, solar and other renewable sources of energy has reached historic levels and is poised to make even greater gains in the near future, according to new report by the Natural Resources Defense Council. NRDC’s Third Annual Energy Report, “A Tectonic Shift in America’s Energy Landscape,” found that the energy sector in … Continue reading U.S. renewable energy surges to historic levels, coal use 21% below 2005
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New IRENA guide helps countries integrate larger share of renewable energy
A new report from the International Renewable Energy Agency (IRENA) aims to assist countries in their transition to renewable energy-based power systems. The Age of Renewable Power, released today on the sidelines of the Innovation for Cool Earth Forum in Tokyo, identifies 20 measures that can be taken to support the development of national roadmaps … Continue reading New IRENA guide helps countries integrate larger share of renewable energy
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Renewables Will Drive Denmark’s Cumulative Installed Capacity Beyond 16 GW by 2025
Denmark’s cumulative installed capacity is expected to expand from 13.5 Gigawatts (GW) in 2014 to reach 16.1 GW by 2025, rising at a Compound Annual Growth Rate (CAGR) of 1.7%, says research and consulting firm GlobalData. The company’s latest report* states that more than half of the total power generation will come from renewables … Continue reading Renewables Will Drive Denmark’s Cumulative Installed Capacity Beyond 16 GW by 2025
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Wind energy and solar power boost cost-competitiveness versus fossil fuels
This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. The research company’s Levelised Cost of Electricity Update for the second half of 2015, based on thousands of data points related … Continue reading Wind energy and solar power boost cost-competitiveness versus fossil fuels
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Enel Green Power will exit the Portuguese renewables market
Enel Green Power S.p.A. (“EGP”) announced today that its subsidiary Enel Green Power España, S.L. (“EGPE”) has signed an agreement with Portuguese company First State Wind Energy Investments S.A. (“First State Wind Energy Investments”), for the sale of the entire share capital of Finerge Gestão de Projectos Energéticos, S.A. (“Finerge”), a wholly-owned EGPE subsidiary active … Continue reading Enel Green Power will exit the Portuguese renewables market
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SkyPower Signs PPA to Deliver 150 Megawatts of Solar Power to the Indian State of Madhya Pradesh
SkyPower has entered into a long-term power purchase agreement (PPA) with the Government of Madhya Pradesh to provide 150 megawatts (MW) AC of utility-scale solar power to the Indian state. “SkyPower is committed to making a powerful contribution to India’s goal of generating 100 gigawatts of solar power by 2022,” said Kerry Adler, SkyPower … Continue reading SkyPower Signs PPA to Deliver 150 Megawatts of Solar Power to the Indian State of Madhya Pradesh
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SkyPower Signs Agreement to Build 200 MW of Solar Power Projects in Djibouti
SkyPower, the world’s largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, has signed a landmark agreement with the Republic of Djibouti for the development of 200 MW of world-class solar projects to be built in four phases in Djibouti over the next four years. “Africa has become a global hub for … Continue reading SkyPower Signs Agreement to Build 200 MW of Solar Power Projects in Djibouti
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