Posts Tagged ‘from’
Public and private investment in solar, wind, and other renewables worldwide declined 11% in 2012 from an adjusted 2011 record of $ 302 billion, a new survey from Pew Charitable Trusts shows. Yet the global renewable sector still registered a record 88 GW of new nameplate capacity last year, and China reclaimed the lead in global renewables investments from the U.S., it says….
POWER Magazine :: Geothermal power projects, technologies, and potential
Following a recent pledge made by Los Angeles Mayor Antonio Villaraigosa to wean the city off of coal-fired generation within 12 years, the Los Angeles Department of Water and Power (LADWP) has unveiled its ambitious plans to abandon the use of coal-fueled generation for its service area by 2025.
The East African hotbed called the Rift Valley is already validated in the global geothermal sector by successful operations in Kenya and beyond nearby borders, and is poised to be one of the fastest growing and sustained geothermal markets in the world in the coming decades.
JPMorgan Chase & Co. paid about $ 35.7 million for an interest in eight Ormat Technologies Inc. geothermal power plants in California and Nevada.
A consortium of renewable energy developers led by Canadian firms Solexica Energy Corp., JCM Capital, and Radical Energy Inc. has signed a 20-year concession agreement with CONELEC (Consejo Nacional de Electricidad) to purchase electricity generated by solar power plants in the Republic of Ecuador. Power from the plants, a combined generation of 62.5-megawatt-peak (50-MW AC), will be purchased at US 40.03 cents per kilowatt-hour (kWh) and distributed to the national electric grid.
U.S. Energy Secretary Steven Chu, who drew criticism from Republicans over his support for loans to Solyndra LLC before the solar-panel maker went bankrupt, will leave his Cabinet post in President Barack Obama’s second term, according to two people familiar with the matter.
Oji Holdings Corp., the world’s largest corporate user of renewable energy, plans to sell clean power in Japan to take advantage of government subsidies and counter a sales slide in mainstay paper products.
Developed countries channeled $ 8 billion into emerging nations last year for large-scale renewable energy and clean fuel production, a fraction of the aid promised by 2020, Bloomberg New Energy Finance said.