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 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.
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.
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.
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.
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.
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.
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.
New York State announced Friday it will go forward with projects that will eventually generate up to 100 megawatts of solar photovoltaic energy.
The global renewable energy sector grew in 2008 as power capacity and new investments both jumped 16 percent last year and for the first time ever, more renewable energy than conventional power capacity was added in the European Union and United States, two of the world’s major economies.
The German solar industry expects a recovery in the second half of this year after a string of earnings showed on Thursday the sector has written off the first three months as the low point of 2009.
The largest solar deal in the world to date was announced between California utility Pacific Gas and Electric Co and solar firm BrightSource Energy Inc. on Wednesday, for a total of 1,310 megawatts of clean energy.
The German solar industry expects a recovery in the second half of this year after a wave of earnings showed on Thursday the sector has written off the first three months as the low point of 2009.
Britain's green job market is thriving despite tough economic times and mounting redundancies in other sectors, environmental recruiters said on Friday.
Italy's biggest utility Enel and German renewable energy company SoWiTec have agreed to jointly develop wind power projects in Chile of up to 850 megawatts, Enel said on Friday.
The idea of wind turbines churning out free electricity alongside every home and office building has appeal, judging by the throngs around community wind purveyors at a Chicago wind power convention this week.
A Senate committee on Wednesday adopted language that would create a special bank within the Energy Department to dole out government loans and loan guarantees for clean energy projects using advanced technology.
Lost financing, low prices for natural gas and political uncertainty have stymied a potential boom in the U.S. wind power industry this year.
Wave energy could catch up with commercially more advanced offshore wind power within five years, the head of pioneers Aquamarine Power Ltd told Reuters.
China increased its goal for wind power generation capacity by the year 2020 to as much as 100 000 megawatts, from 30 000 megawatts that the Chinese government had set 18 months ago, Chinese newspaper China Daily reported on Monday.
SolarWorld, Germany's third-largest solar company by revenue, confirmed its 2009 sales outlook after first-quarter net profit rose more than a quarter as the company offset falling module prices by cutting costs. Chief Executive Frank Asbeck told Reuters on Monday that the company still expects to post 2009 sales of more than 1 billion euros ($1.33 billion), while full-year profit would depend on how prices develop in the battered industry.
Europe is likely to pump out increasing amounts of bioethanol over the next 10 years, posting gradual annual output rises as an EU-imposed deadline nears for boosting renewable energy, an industry official said on Monday.
