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ScottishPower Renewables Scoops Energy Globe Award For Islay Tidal Power Project
ScottishPower Renewables’ plans to install up to 10 underwater tidal power turbines in the Sound of Islay, off Scotland’s west coast, has been recognised with an Energy Globe Award, one of the World’s most prestigious environmental awards. The Energy Globe Award was founded in 1999 by the Austrian energy pioneer Wolfgang Neumann and is now [...]
Study: Nearly 22 Million Electric Vehicles Will Be Sold from 2012 to 2020
A total of 21.9 million EVs will be sold worldwide during the period from 2012 to 2020, according to a recent report from Navigant Research. “Electric Vehicle Market Forecasts” reports that electric vehicles (EV) sales will grow at a much more rapid pace than the overall automotive market during that timeframe. Both plug-in electric vehicles [...]
Joint Statement between U.S. Department of Energy and Republic of Korea’s Ministry of Trade, Industry, and Energy
Acting Secretary of Energy Daniel B. Poneman and Mr. Yoon Sang-jick, Minister of Trade, Industry, and Energy (MOTIE) of the Republic of Korea, met on May 7, 2013, at the Department of Energy (DOE) headquarters in Washington, D.C., where they exchanged views on cooperation on a wide range of energy priorities. They noted the importance [...]
Mechanical Technology announces First Quarter 2013 Operating and Financial Results
Mechanical Technology, Incorporated (MTI) (Trading Symbol: MKTY), a company engaged in the design, manufacture and sale of test and measurement instruments and systems through its subsidiary MTI Instruments, Inc. (MTI Instruments), announces its first quarter 2013 financial and operating results. The Company´s total revenue for the first quarter of 2013 increased to $2.2 million or [...]
Ormat Technologies Reports 2013 First Quarter Results
Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter of 2013. Financial highlights & Recent Developments: – Total revenues amounted to $121.7 million; a 8.0% decrease from the first quarter of 2012, mainly due to a reduction in the electricity segment revenues of $9.3 million related to our SO#4 PPAs in [...]
China invested $65.1 Billion in Clean Energy in 2012
A report by Australia’s Climate Commission states that China is quickly becoming a global leader on climate change. The report, ‘The Critical Decade: International Action on Climate Action’ presents analysis of global economies’ activities on climate change over the last nine months. Findings show that although all major economies have policies in place to address [...]
Australia ready to ink Deals with $10 Billion Clean Energy Fund
Australia’s newly-established Clean Energy Finance Corporation is expected to start entering contracts for important finance deals before July 1, when funds from the federal government’s controversial AUS$10 billion become available. The CEFC was enacted through legislation as part of April’s Clean Energy Future package and aims to leverage private sector financing for clean energy and [...]
CCFC Enters into $1.2 Billion Term Loan Facility
Calpine Corporation (NYSE: CPN), the parent company of Calpine Construction Finance Company, L.P. (CCFC), today announced that CCFC has entered into a new credit agreement providing for a first lien senior secured term loan facility comprising (i) a $900 million 7-year term loan B tranche priced at LIBOR plus 225 basis points and (ii) a [...]
Clean Energy Investment booming in Latin America, led by Mexico
Clean energy investment is booming in Latin America with a huge US$4.6 billion recorded in 2012, signalling the region’s potential to lead the global clean revolution. The investment is a 127% increase on 2011, according to data that has been released by Bloomberg New Energy Finance (BNEF) ahead of this week’s Renewable Energy Finance Forum [...]
Colorado Legislature Approves SB 252
Bill Expands and Improves Colorado’s Renewable Energy Standard The Colorado General Assembly has approved a bill to expand and improve the state’s Renewable Energy Standard (RES) statute to drive clean energy investment, jobs, and project development in rural Colorado. The bill now goes to Governor John Hickenlooper’s desk for consideration. SB 252, cosponsored by Senate [...]