World clean energy investment rebounded strongly in 2014, boosted by demand for large-scale and rooftop solar photovoltaics on the back of its greatly improved competitiveness, and by the financing of a record $19.4bn of offshore wind projects. Authoritative annual data, published today by Bloomberg New Energy Finance, show that global investment in clean energy was $310bn last year. This was up 16% from a revised $268.1bn in 2013, and more than five times the figure of $60.2bn attained a decade earlier, in 2004, albeit still 2% below the all-time record of $317.5bn reached in 2011. The jump in investment in 2014 reflected strong performances in many of the main centres for clean energy deployment, with China up 32% to a record $89.5bn, the US up 8% to $51.8bn (its highest figure since 2012), Japan up 12% to $41.3bn, Canada up 26% at $9bn, Brazil up 88% at $7.9bn, India up 14% to $7.9bn, and South Africa up 5% at $5.5bn. Europe, despite the flurry in offshore wind, was a relative dull spot overall, investment there edging 1% higher to $66bn.
The world will need as much capacity as it can get from all fuel sources to satisfy the demand of growing populations.
It's an exciting time to be in the solar industry, both for what we've accomplished in 2014 and what we will accomplish in the coming year.
Clayton Power made it possible for Per Aarsleff to both go green and reduce costs by clever implementation of mobile hybrid power systems based on lithium technology.
According to TMR, the global green energy market will reach a value of USD 831.99 billion by 2019.
2014 brought us plenty of news to be unhappy about. The year had barely begun when a major chemical spill poisoned the water of 300,000 West Virginians, a disaster that left residents worried about the safety of their water for months. Not even a month after the spill, tens of thousands of tons of coal ash spewed into a river in North Carolina, the toxic waste product piling as high as five feet in some places. 2014 saw crippling drought in California, devastating flooding in India, and climatic changes that threw many members of the animal world into disarray. To top it all off, 2014 could very well turn out to be the hottest year on record. But 2014 saw some good news too — and a lot of it was in the form of advancements in renewable energy. Here are eight news stories from 2014 to remind you that, at least for the renewable energy sector, this past year wasn’t so bad. World’s First Solar Road Opens In Netherlands Researchers Reach A Record In Solar Conversion Efficiency Scotland Has An Amazing Month Of Wind Energy Production World’s Largest Solar Plant Comes Online The World’s Largest Tidal Array Gets The Green Light Researchers Continue To Develop New Ways To Use Solar World’s Largest and Most Powerful Wind Turbine Comes Online Solar Car Hits Speed Record, Could Soon Hit The Streets Read More...
Turquoise International has called for more clarification concerning the prioritisation of technologies in the UK energy sector.
This partnership marks an important milestone in the quest to significantly broaden the availability of affordable, local clean energy production to residential and commercial ratepayers.
The Energy Freedom Loan is a turnkey financing solution that benefits both homeowners and installers.
As the price of oil has tumbled to five-year lows, solar stocks have fallen with it: First Solar was trading near $72 in mid-September; now it's around $44. Solar City has around $65; now it's close to $50. Solar energy investors seem to be running for the doors, fearing that cheap oil will erase demand for alternative energy. But it won't, say industry analysts. Oil and solar serve two different customers. Oil dominates energy demand in transportation fuels, but solar power customers are primarily of two types: public electric utilities and large corporations. Neither of those use oil to generate electricity, and they are not about to start doing so, say analysts. Less than 5 percent of the world's electricity comes from oil; most of it comes from coal, natural gas, nuclear and, increasingly, solar power. Public utilities sign long-term agreements with solar providers, sometimes spanning 20 years. Those deals are unaffected by oil price changes, said Jeff Osborne, an analyst with Cowen Group.
With GIS, companies can view, understand, question, interpret and visualize data in many ways that reveal relationships, patterns and trends in the form of maps, globes, reports and charts.
Germany’s biggest utility firm, E.ON, has announced plans to split in two and spin off most of its power generation, energy trading and upstream businesses, responding to a crisis that has crippled the European energy sector. E.ON said it wanted to focus on its renewable activities, regulated distribution networks and tailor-made energy efficiency services, citing “dramatically altered global energy markets, technical innovation, and more diverse customer expectations”. “E.ON’s existing broad business model can no longer properly address these new challenges,” the chief executive, Johannes Teyssen, said in a statement. Germany’s power sector has been in turmoil, hit by a prolonged period of weak demand, low wholesale prices and a surge in renewable energy sources which continue to replace gas-fired and coal-fired power plants. E.ON said it would prepare next year for the listing of the new company created by its breakup, with the spin-off taking place after its 2016 annual general meeting.
Back in 2007, Google had a very simple idea for addressing global warming — we just need to take existing renewable-energy technologies and keep improving them until they were as cheap as fossil fuels. And, voila! Problem solved. That was the logic behind the company's RE-C project, which aimed to produce one gigawatt of renewable electricity for less than the price of coal. The hope was to do this within years, not decades. Among other things, the company invested in new geothermal drilling R&D and put $168 million toward Brightsource's Ivanpah solar tower in the Mojave Desert. By 2011, however, Google decided that this "moon shot" energy initiative wasn't going to work out as planned and shut things down. So what happened? In a long essay at IEEE Spectrum, two Google engineers on the project — Ross Koningstein and David Fork — explain the thinking behind the closure. It's not that Google has given up on renewable energy. (The company still spends many millions of dollars buying wind energy for its servers.) Partly it's that they simply weren't on track to achieve their specific goals. But, more interestingly, the project also made the engineers realize that their original clean-energy goal wasn't nearly ambitious enough. Cont'd...
Waste Heat to Power (WHP) creates electricity by heating a fluid at high pressure, then expanding the fluid through a turbine to power an electric generator.
PSA is fighting for zero duty imports until the local solar industry grows enough to address quantity and quality requirements of the solar tenders in Pakistan.
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