Category: News

November 18 2014

Renewables an Alternative to Coal in Turkey’s $400 Billion Plan

The country’s plan to meet rising power demand through 2030 mainly with coal-fired plants would cost almost the same, about $400 billion, if clean-energy facilities were built, a a new report from the research company shows. The current plan would double carbon emissions in the period, while the renewables alternative would stabilize them after a few years.

November 18 2014

NTT Unit Plans to Build 15MW Solar Power Plant in Northern Japan

The plant will be built inside a park in Oshu city, Iwate prefecture, NTT Facilities Inc. said in a statement today. Operations are expected to start in October 2016.

November 17 2014

EPA Chief Counters Republican Critics of U.S.-China Climate Deal

Gina McCarthy, head of the Environmental Protection Agency, said China needs to take immediate steps to burn less coal and increase its use of renewable energy to meet its goal of capping carbon emissions by 2030.

November 17 2014

Ascent Solar Raising $35 Million for Retail Expansion

Ascent will issue $32 million in senior secured convertible notes and $3 million in convertible preferred stock, as well as warrants to purchase shares of its common stock, Thornton, Colorado-based Ascent said today in a statement that didn’t identify the buyer.

November 14 2014

House Passes Bill to Approve Keystone Over Obama Objections

The Republican-led House passed the measure 252-161, with 31 Democrats in support. The bill will be considered in the Democratic-led Senate Nov. 18, where an aide who spoke on condition of anonymity said supporters have 59 of 60 votes needed to pass it.

November 14 2014

Obama Rejects Argument Keystone Will Add Jobs, Cut Fuel Cost

“Understand what this project is: It is providing the ability of Canada to pump their oil, send it through our land down to the Gulf where it will be sold everywhere else,” the president said today during a visit to Yangon, Myanmar. “It doesn’t have an impact on U.S. gas prices.”

November 14 2014

BNDES Approves $164 Million in Loans for Brazil Wind

Nov. 12 (Bloomberg) -- Brazil’s development bank approved 422.3 million reais ($164.4 million) in loans for two wind farms in the northeast region.

November 13 2014

Sky Solar Raises $44.2 Million in Initial Public Offering

Sky Solar sold 5,525,000 American depository receipts for $8 each, according to a statement distributed by GlobeNewswire today. The Hong Kong-based company listed on the Nasdaq under the symbol SKYS.

November 13 2014

Solyndra Program Vilified by Republicans Turns a Profit

It’s the first time the Energy Department has released an estimate of the potential gains for the loan guarantee program, designed to back clean-energy projects when venture capital or financing from banks and other investors is unavailable. The department expects a loss rate of about 2 percent on $32.4 billion set aside for loans to spur energy innovation, according to a report today.

November 13 2014

Trina Supplying 28.5 Megawatts of Panels for Solar Farms in U.K.

Sustainable Power Group and Camborne Capital bought the panels, which are expected to be installed before a March 31 deadline to qualify for renewable obligation certificates, Changzhou-based Trina said today in a statement. Terms of the sale weren’t disclosed.