China's Ministry of Finance has unwrapped plans to subsidise half the cost of building independent solar-array projects in the country, including new power transmission and distribution systems to link projects to the grid. The subsidy will stretch to 70% for solar projects in remote regions with no current power supply, as the country continues searching for ways to create demand for its domestic PV industry.
Jetstream Wind Inc. officials said the $219 million plant would use electricity from wind, solar and other renewable energy sources to separate water into hydrogen and oxygen. The hydrogen would then be burned in a turbine - similar to those used by natural gas-fired power plants - to generate enough electricity to power about 6,000 homes and businesses. The 10-megwatt plant also would be capable of capturing and storing oxygen in liquid and gaseous forms for use in the medical field or other secondary markets.
The Malaga SmartCity initiative has been launched introducing a new urban energy management model in a bid to improve energy efficiency, reduce CO2 emissions and shift consumption to renewable energies. The €31 million project involving eleven companies under the leadership of Spanish energy company Endesa, aims to provide a holistic response to the environmental challenges facing consumers.
"Our innovative home automation and energy management solutions provide exciting new energy monitoring and control capabilities that meet the needs of utilities and energy-conscious consumers," said Will West, CEO at Control4. "This funding will help us maximize this new market opportunity by advancing Control4's ability to control and integrate with other devices in any residence or business connected to a Smart Grid. With this financing, we can increase our resources to deliver products desired by homeowners, businesses and utility companies alike."
In Meiquan Village near Lashi Lake, Zhang Chengui says he has been able to maximize profits by spending more time growing crops since installing a biogas digester-greenhouse, solar water heater, energy-efficient stove and rain-collecting cistern. He installed them with loans from the bank and grants from The Nature Conservancy, becoming in 2003 the first in his village to adopt alternative energy. Since then, his income has tripled to 40,000-50,000 yuan ($5,800-$7,300), he said.
The UK's offshore wind and wave generation industries could generate up to £70bn ($114.5bn)and up to 250,000 jobs if the country takes a "bold approach to commercialisation", says the Carbon Trust. To achieve this, the UK would need a comprehensive package of technology focused support including investment of up to £600 million in R&D, removal of regulatory barriers and new incentive mechanisms to accelerate deployment of offshore wind power around our coasts. According to the Trust's new study wind and wave generation alone could provide at least 15% of the total carbon savings required to meet our 2050 targets.
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