Policy, investment and markets News for October 2009

Policy, investment and markets News Archive

£18m investment for UK renewable energy

The Carbon Trust is to inject up to £18 million in additional funding into the UK clean and renewable energy sector, providing a booster for clean tech start-ups and Britain's move to a low carbon economy. The additional money has been provided by the Department of Energy and Climate Change.

SPI2009: Solar industry needs to come together and fight, urges SEIA president

Rhone Resch, president and ceo of the Solar Energy Industries Association (SEIA), has called on the solar industry to "enlist" in the fight to secure a policy environment that allows solar to compete with other forms of energy.

Solar electric industry poised for strong growth in USA, suggests poll

Professionals within the US solar electric industry value chain predict strong growth for their businesses over the next two years, and say more favourable legislation and heightened marketing will be key to their expansion.

Wind could provide quarter of India’s power by 2030

Wind could also attract US$10 billion in investment every year and create 213,000 green collar jobs, says the industry.

Renewable energy takes 5% of Asian Development Bank funding

Renewable energy projects receive 5% of the financial assistance provided from 2001 to 2008.

New England wants to develop “vast and untapped” renewable energy resources

Governors of six US states have approved a renewable energy blueprint for their region, and now want President Obama and Congress to support their development of these resources.

Renewable energy can reduce 20% of world goal for GHG emissions

Renewable energy could reduce global greenhouse gas emissions by 2741 Mt by 2030 under accelerated environmental policies, according to the International Energy Agency.

Renewable power market in US moves to non-residential customers

Total sales of electricity from renewable energy facilities in the USA increased by 35% last year, dominated by an increase of 50% in sales of green power certificates to non-residential consumers.

US business group calls for more support to renewable energy

The United States government should focus on the development of renewable energy as well as traditional energy sources, says one of the country’s more influential business groups.

Scottish firms target renewable energy with £50 million investment fund

Two Scottish firms, venture capital company Par Equity and consulting firm Senergy Alternative Energy, will launch a £50 million investment fund for renewable energy.

Canada's largest solar farm opens in Ontario Canada's largest solar farm opens in Ontario

Canada's largest solar farm is now producing power in the township of Stone Mills, near Napanee.

LM Glasfiber announces expansion in China

LM Glasfiber, an independent manufacturer of blades for wind turbines, is to further expand its operations in China.

ISES calls for feed-in tariffs worldwide

The International Solar Energy Society (ISES) has called for the use of feed-in tariffs worldwide at its solar world congress (SWC) in Johannesburg, South Africa.

First Solar added to the S&P 500 Index

First Solar, the solar photovoltaic (PV) modules manufacturer, has announced that the company’s common stock was added to the S&P 500 Index after the market closed on 15 October.

UK equipment scrappage scheme gives renewable energy industry £2m cash boost

The Carbon Trust has called on UK renewable energy equipment suppliers to take advantage of a £2 million sales opportunity from its equipment scrappage scheme: The Big Business Refit.

GE Energy Financial Services joins US$23m funding round for solar PV

SolarEdge, a solar PV company based in Israel says the GE Energy Financial Services division of General Electric has joined a US$23 million funding round to support growth in residential and large-scale solar photovoltaic (PV) sites.

Universities show increased use of renewable energy

Twenty-six universities and colleges across the United States received a grading of A- for their use of renewable energy on campus.

Siemens buys solar thermal power company Solel Solar Systems Ltd for US$418m Siemens buys solar thermal power company Solel Solar Systems Ltd for US$418m

Siemens AG is acquiring the solar thermal power company Solel Solar Systems Ltd for around US$418 million from Ecofin Ltd, a London based investment firm which specialises in the global utilities, energy and environmental sectors.

Small wind turbine manufacturer homes in on Ontario

WindTronics plans to assemble residential and small commercial wind turbines, and conduct research and development in Windsor, Ontario, Canada.

UK legislation still penalises waste streams that could provide energy UK legislation still penalises waste streams that could provide energy

UK renewable energy provider Living Fuels, a subsidiary of AIM listed REG Bio-Power, is appealing to the UK Government to draw attention to discrepancies between renewable energy strategy and current UK legislation, which the company says is holding back renewable technologies like waste to energy.

Brunei to construct solar PV power plant

Brunei, one of the world's top oil and gas producers, is venturing into alternative energy with the construction of Southeast Asia's largest solar power plant.

September's top 5 stories

What were the top 5 stories at www.renewableenergyfocus.com during September?

China and USA energy and climate change comparison

China has long since been criticised by the West as being intransigent on its response to climate change issues. But a new analysis by NGO Greenpeace compares various aspects of China's policy and energy landscape with that of the USA, and it reveals some interesting findings.

US tax credit application deadline approaching US tax credit application deadline approaching

Final applications for the US renewable advanced manufacturing tax credit program - jointly run by the Treasury Department and the Department of Energy - are due to the DOE and IRS on 16 October 2009.

India to adopt feed-in tariffs

India is one of the latest countries to make the strategic move to a comprehensive system of feed-in tariffs to develop its renewable energy potential.

Hawaii feed-in tariff decision to open clean energy market

A decision issued recently by the Hawaiian Public Utilities Commission could generate new clean energy investment statewide.

Solarig and HSBC Environmental Infrastructure Fund (HEIF) sign agreement for mediterranean PV projects

The two organisations have sealed a deal for the joint development and construction of more than 50 MW of photovoltaic projects in Spain and Italy. A total investment of more than € 200 million is expected.

Solar Photovoltaic (PV) module production "almost doubled" in 2008, says new report

The European Commission's Joint Research Centre has published its eighth Annual Photovoltaics Status Report with some interesting findings...