UK-based waste treatment company New Earth Group aims to raise 15 million pounds ($25.14 million) to diversify into power generation and says it can generate 20 percent-plus returns under new incentives.
Coal-dependent China will unveil a plan to foster the development of new energy sources, including wind, solar and nuclear, by the end of this year, state media on Monday quoted a senior energy policy official as saying.
The ethanol industry called for requirements that all vehicles sold in the United States accept the renewable gasoline substitute as part of a push to slow global warming and provide jobs at home.
Britain's MGT Power Ltd plans to build a second major biomass power generator in northern England, scheduled to start powering around 600,000 homes from 2014, the company said on Monday.
The ethanol industry called for requirements that all vehicles sold in the United States accept the renewable gasoline substitute as part of a push to slow global warming and provide jobs at home.
Former corporate executive Don Yows took an entry-level job that set his career in information technology back by two decades.
Hong Kong's power plant operator GCL-Poly Energy Holdings will invest about $200 million to build a solar wafer plant in the Chinese city of Xuzhou, banking on a recovery in polysilicon prices and robust demand from China.
Investors are banking on fresh government incentives in the United States and China to help pull the solar sector out of its slump, but it will be next year before demand from those markets even begins to make a dent in the global glut of solar panels.
The U.S. Department of Energy announced on Wednesday an investment of up to $11.8 million for five projects to develop the integration of solar technologies into the U.S. electrical grid.
Crude oil futures posted their largest one-day loss since April after a report that U.S. crude inventories surged by 5.1 million barrels last week. Oil declined nearly 6 percent trading near $63 per barrel today.
New installments of U.S. wind energy in the second quarter of this year fell by more than half from the first quarter as the recession helped cut contracts for new turbines, an industry group said.
India will unveil its first solar power target as soon as September, pledging to boost output from near zero to 20 gigawatts (GW) by 2020 as it firms up its national plan to fight global warming, draft documents show.
President Barack Obama held the first day of talks with a Chinese delegation in Washington D.C. to address economic issues including energy related topics. During remarks on Monday, Obama said China and the United States have an interest in creating clean and secure energy sources, according to the Associated Press. He added that neither country profits from a dependence on foreign oil. He also said neither any will be able to fight climate change unless they work together.
Investors are looking for signs of a recovery in solar panel demand when manufacturers report earnings in the coming weeks, though panel prices are still falling fast and earnings may not see a meaningful improvement until 2010.
Alternative energy jobs can provide vocations across many sectors of the economy but policy to spark them can take years to develop, U.S. governors told a Senate committee on Tuesday.
The U.S. Department of Energy announced on Monday $47 million in funding from the stimulus package for eight projects from 2008 to further smart grid demonstration in seven states.
The Pacific island state of Tuvalu set a goal Sunday of a 100 percent shift to renewable energy by 2020, hoping to set an example to industrialized nations to cut greenhouse gases it blames for rising sea levels.
U.S. administration officials Commerce Secretary Gary Locke and Energy Secretary Steven Chu concluded a four-day trip to China.
Nissan Motor Co., the third largest automaker in Japan, seeks to develop its own hybrid technolgy for small and midsize cars. New solar electricity generation may double in 2010, according to a specialist.
Taking advantage of investor appetite for renewable energy projects, four geothermal firms said on Wednesday they plan to combine forces to form a single, larger company that will be able to raise funds more easily to develop green power projects.
The world will remain heavily dependent on fossil fuels such as oil, gas and coal for the rest of this century, despite the best efforts of governments to move toward renewable energy, an energy economist said on Wednesday.
Four North American geothermal companies announced plans to merge on Wednesday and raise C$100 million ($90 million) to develop key projects to produce clean power.
