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Beijing plans subsidized pricing for solar power

Beijing is expected to unveil subsidized prices for solar power production as soon as the second half of the year, the South China Morning Post reported on Monday, citing an industry official.

California sees big costs to renewable power plan

California on Friday forecast high costs for the most ambitious clean energy plan in the nation, including a 28 percent rise in electricity rates and $115 billion in construction if the state wants to get a third of its electricity from renewable sources by 2020.

NRG Energy, eSolar plan solar plant in New Mexico

NRG Energy and eSolar will build a 92-megawatt solar thermal power plant in New Mexico, part of an effort to place 500 MW of solar power in California and the U.S. Southwest, the companies announced on Thursday.

China moves to combat climate change

China is formulating a plan for development of renewable energy, as pressure mounts from Washington for lowered green house emissions to fight the specter of a warming planet.

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High-earning green sector workers feel safe in jobs

The economic downturn has claimed the jobs of tens of millions worldwide but most in the thriving climate change sector feel just as safe in their jobs, if not more so, than they did a year ago, a new Reuters survey shows.

U.S. lawmakers seek more nuclear power in bill

U.S. lawmakers on Thursday sought to increase incentives for nuclear power and energy efficiency in a measure that would require utilities to generate a certain amount of electricity from renewable sources.

Clean energy depends on wider economy growth

Clean energy has strong guaranteed government backing in long-term subsidies but its future growth hinges on wider economic recovery and European targets are in doubt, senior energy executives told Reuters Energy Summit.

New clean energy 2009 investment seen sharply down

New investment in clean energy will total $95 to $115 billion in 2009, representing a drop of 26-39 percent from last year's total of $155 billion, data published by research group New Energy Finance showed on Friday.

Renewables could take further hit: fund

Renewable stocks are likely to give up gains again after having recovered since March, but financially strong companies such as SMA Solar and SolarWorld will be hit less harder than others, according to fund firm Swisscanto.

Geothermal heat pump projects to get U.S. gov't funds

U.S. Energy Secretary Steven Chu announced Tuesday that his agency will grant nearly $50 million from the government’s economic stimulus package funds to advance commercial deployment of geothermal heating pumps.

China reveals ambitious goal for wind power capacity

A Chinese renewable energy official said today China will invest about 100 billion yuan ($14.6 billion) to boost its wind power capacity to 30,000 Megawatts from 12,000 MW it currently generates, Bloomberg reported.

Energy Conversion CEO 'guarded' about gloomy 2009

Solar power modules maker Energy Conversion Devices Inc. is being guarded about its outlook for 2009 as the credit crunch and economic recession restrains funding for solar energy projects.

G20 renewable energy aid not enough: IEA

Renewable energy's sliver of the multi-trillion dollar economic stimulus announced by the world's biggest economies falls far short of the investment needed to meet carbon emissions targets, the head of the International Energy Agency said on Monday.

Philadelphia creates green jobs to weatherize row houses

The City of Brotherly Love is tackling rising unemployment and improving the energy efficiency of homes by training people to weatherize its estimated 400,000 low-income row houses.

PV Crystalox sees better 2010 for solar industry

PV Crystalox Solar expects 2010 will prove better for the solar industry as new stimulus packages take effect and as weak demand and inventory overhang that has hit pricing improves in the second half of this year.

U.S. grants $467M for clean energy tech under first 100 days of stimulus

President Barack Obama announced Wednesday the availability of over $467 million from the stimulus package for two Recovery Act energy programs on the 100 days anniversary since the President signed the American Reinvestment and Recovery Act.

BP Solar, SolarEdge to test new efficiency products

BP Solar will join forces with SolarEdge to test new products designed to help solar modules operate more efficiently in harvesting the sun's rays, the companies said on Wednesday.

EIB provides €100M to mitigate climate change in Vietnam

The European Investment Bank (EIB) signed an agreement valued for €100 million with the Socialist Republic of Vietnam, aiming to mitigate climate change in this region.

Stream of renewable placements may run dry

Recent share placements by renewable energy companies suggest the industry has passed through a financial bottleneck, but investor appetite for further stock sales could vanish as quickly as it surfaced.

Solar power could surge by 2050 in deserts: study

Solar power plants in deserts using mirrors to concentrate the sun's rays have the potential to generate up to a quarter of the world's electricity by 2050, a report by pro-solar groups said on Monday.

Business leaders to call for clear climate policies

Industry should play its part in the fight against climate change by persuading governments to boost carbon cuts rather than lobbying against them, the U.N. Secretary-General told a business conference.

Renewable power mandate overcomes hurdle in Senate

A measure requiring utilities to generate a certain amount of electricity from renewable sources, such as wind and solar, overcame a legislative hurdle in the U.S. Senate on Thursday.

Manila to sign rules on renewable energy Monday

The Philippines is due to sign rules on Monday to implement a law encouraging investments in renewable energy, a move expected to cut the country's reliance on imported fuel, a senior official said on Thursday.

Recovery of renewable energy depends on IPOs: survey

The renewable energy sector will start recovering from the economic slowdown when companies can push through initial public offerings (IPOs) for startups, a survey seen by Reuters of investors shows.

Canada unveils fund for clean energy, carbon capture tech

The Canadian government unveiled on Tuesday a C$1 billion ($860 million)Clean Energy Fund that will focus on the development of renewable energy technologies, including carbon capture and storage as well as sustainable oil sands development.

'Made in Germany' not enough for solars to prosper

German solar companies that have not yet set up U.S. and Chinese production plants are likely to lose out on significant subsidies and will struggle to bring down their production costs to the levels of their Asian peers.