South Australia is clearly at the forefront of the global energy transition as it establishes a fast-moving model other economies can follow.
Financing of geothermal energy exploration by multinational banks has increased 11 percent, up from 6 percent in 2012 to 17 percent in 2015, Pierre Audinet, senior energy economist for World Bank’s Energy Sector Management Assistance Program (ESMAP), said on Sept. 21.
Last year was a breakthrough year for solar in the Middle East with over 30 solar projects awarded – a ten-fold increase on 2013, according to The Middle East Solar Industry Associatio.
Geoscience BC is launching a six-month study that will provide 10 communities in British Columbia with detailed information about direct-use geothermal energy opportunities, a spokesperson for the nonprofit said.
Producers of motor fuels from plant waste say they have been left behind in President Barack Obama’s push to fight climate change.
NREL and China’s State Grid Energy Research Institute have signed a clean power MoU.
Investment in renewable energy in Canada almost doubled last year as developers largely in Ontario and Quebec built solar, wind and hydropower projects, Clean Energy Canada said.
The next generation of biofuels that don’t use food crops as a raw material are starting to take hold, with a big expansion of the industry coming after 2020, one of the industry’s key suppliers said.
Europe’s wind power industry will grow substantially slower than anticipated over the next 15 years because changes to the region’s climate and energy policies have unsettled investors, an industry group said.
China received orders for 305 wind power turbines totaling 494 MW from overseas buyers during the first half of 2015. The orders represented substantially more than the number of units during the same period in 2014.
From pig farms to breweries, Capstone’s microturbines are making full circle cogeneration an economically and environmentally friendly reality for a diversity of industries.
The U.K. government rejected a 5.4 billion-pound ($8.3 billion) proposal to build a giant offshore wind farm in Navitus Bay, saying it would harm protected views from a coast designated as a World Heritage Site.
Adding a massive feather to its renewable energy cap, India now lays claim to the world’s first fully solar-powered airport. Located in the coastal city of Kochi in the southwestern state of Kerala, the newly inaugurated solar plant brings India one significant step closer to securing its position as a frontrunner in the global solar race.
Prime Minister Narendra Modi’s government adopted a policy for India’s offshore wind industry, paving the way for developments as much as 200 nautical miles into the surrounding seas.
Public finance for geothermal needs to increase seven to 10 fold – from $7.4 billion currently to as much as $73 billion – in order to drive enough private investment to meet developing countries’ deployment targets of 23 GW by 2030, a recent report by Climate Policy Initiative (CPI) found.
Commerzbank AG, Germany’s second-largest lender, expects a 10 percent decline in renewable energy financing deals after a spate of offshore wind projects moved ahead last year.
Japan’s Environment Ministry will ease restrictions on geothermal development activities in national or quasi-national parks. Reports have estimated 80% of Japan’s geothermal resources are located in these parks.
Investors are pulling back from wind farms in Nordic nations as the lowest electricity prices in 12 years cut the profitability of new projects.