RENEWABLE ENERGY

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GCL-Poly Energy to invest $200 mln in solar wafer plant

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.

China, U.S. offer no quick boost to solar slump

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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.
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Daily wrap up - July 29 - Energy

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.
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U.S. green jobs seen taking years of planning

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.
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At risk from rising seas, Tuvalu seeks clean power

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.
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Daily Wrap Up - July 17 - Energy

U.S. administration officials Commerce Secretary Gary Locke and Energy Secretary Steven Chu concluded a four-day trip to China.
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Midday Minute - July 17 - Energy

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.
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Four N. American geothermal companies plan tie-up

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.
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World dependent on fossil fuels for a century

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.
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Four geothermal companies plan merger

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.
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Obama to unveil $12 billion community college plan

President Barack Obama will unveil a $12 billion initiative on Tuesday to boost community colleges and propel the United States toward his goal of having the highest proportion of college graduates in the world by 2020, administration officials said.
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Politics may make future of solar energy small

The climate change and energy policy bill winding its way through the U.S. Congress shows a new federal eagerness to build a renewable energy future, but what specifically to build where is still up for debate.
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Midday Minute - July 9 - Energy

The Obama administration said it will give $3 billion in government funds for renewable energy projects. Yang Rong, an exile automobile tycoon will announce a plan to launch a new clean-tech automobile company in the U.S.
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Sahara Solar project to move forward at Munich meet

A group of companies from Europe and northern Africa will meet in Munich on Monday to map out concrete steps for a series of large-scale renewable energy projects worth 400 billion euros ($560 billion) over 40 years.
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Pickens' pullback could signal shift in the wind

Oil billionaire T. Boone Pickens' step back from his plan to build the world's largest wind farm in Texas shows how a brutal recession could change the way the United States invests in renewable energy.
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Pickens's pullback could signal shift in the wind

Oil billionaire T. Boone Pickens's step back from his plan to build the world's largest wind farm in Texas shows how a brutal recession could change the way the United States invests in renewable energy.
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China builds $17.6 billion wind project: report

China will begin construction of a 120-billion yuan ($17.6 billion) wind power project in about two weeks in Gansu province as part of a major push to boost renewable energy and cut the nation's reliance on coal, the official Xinhua news agency reported.
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China wind companies poised for green policy boost

China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure.
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Climate bill spurs less green power than hoped

The renewable energy mandate in the climate change bill approved by the House of Representatives last week does not go far enough for green power proponents, but the proposed national standard is likely as strong as it will get.
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U.S. joins International Renewable Energy Agency

The United States joined the International Renewable Energy Agency (IRENA) on Monday as part of the Obama administration's commitment to developing a new energy policy, Secretary of State Hillary Clinton said.
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Norway proposes sea-based wind power

Norway's government proposed a new law on Friday to develop sea-based wind power as part of a plan to diversify from offshore oil and gas toward renewable energy.

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