Renewable Energy at $254 Billion? Let's Make It a Clean Trillion
Billionaire bankers gathered at the United Nations yesterday to call for more investment in renewable energy -- $1 trillion a year, to be exact.
It won’t be easy. Global investment in renewable energy fell 12 percent in 2013 to $254 billion, according to data released by Bloomberg New Energy Finance (BNEF), casting a shadow over the notion of a “clean trillion.”
Last year was the second decline in renewable investments since 2011’s record-high $318 billion. Investors and climate-policy advocates including hedge-fund billionaire Tom Steyer and former U.S. Treasury Secretary Robert Rubin called for changes to financial markets that would boost investment. Financing must double by 2020 and double again to $1 trillion by 2030 in order to avoid global warming of more than 2 degrees Celsius, reports Ceres, the host of yesterday's conference.
These top-line numbers are fuzzy and paint a picture that’s perhaps more bleak than reality. First, the price of solar energy continues to tumble, so more renewable energy is being generated with fewer dollars invested. Second, while BNEF’s clean-energy tally is the most comprehensive for renewable energy, it’s not all-encompassing; it doesn’t include most energy-efficiency measures, fuel-efficiency gains or expanded public transportation.
CSP is preparing to triple its market share in South Africa's energy mix
The Department of Energy (DoE) announced updates on the Integrated Resource Plan for Electricity (IRP) 2010-2030. The final draft that is to be submitted to Cabinet by March proposes an increase of CSP capacity from 1,200 MW - under the current IRP - to 3,300 MW.
CSP Today webinar featuring HSBC Saudi Arabia and Eversheds LLP to discuss project bankability in Saudi Arabia
This complimentary webinar will discuss the investment criteria and challenges of securing finance in the world's most promising solar market.
Type certification: TÜV SÜD certifies Offshore wind turbine REpower 6.2M152
International provider of testing and certification services TÜV SÜD has been commissioned by REpower Systems SE, Hamburg, to carry out type certification of its new offshore turbine REpower 6.2M152.
ReneSola to Provide 32 MW of Virtus PV Modules to Isolux Corsan
ReneSola to Provide 32 MW of Virtus PV Modules to Isolux Corsan
NextEra Energy Resources begins operation at 20-megawatt Mountain View Solar Energy Project
The 20-megawatt solar photovoltaic (PV) project is located on approximately 146 acres in the Mountain View Industrial Park in the city of North Las Vegas.
A2LA Extends Accreditation of Small Wind Certification Council
International Recognition of SWCC Ratings for Medium Wind Turbines
RENEWABLE CHEMICAL READY FOR BIOFUELS SCALE-UP
An initial economic assessment of the process has indicated the technology
could produce ethanol at a cost savings of roughly 10 percent when compared
with current state-of-the-art technologies.
Solarpraxis Engineering GmbH launched
Solarpraxis AG creates new subsidiary
Parat wins major contracts in rapidly growing German renewable energy sector
The contract, comprising complete boilers with control system, instruments and pumps, underscores Infraserv's growing awareness of the potential offered by Germany's developing market for secondary regulation.
EU PVSEC 2014 extends its Scope
Added focus on application and policy topics
Abstracts for conference contributions to be submitted until 28 February 2014
Global clean energy investment falls for second consecutive year
New global clean energy investment decreases 20% in 2013 to $212 billion
---Project finance posts 22% quarterly increase to $34.3 billion - wind dominates
---Public market issuances reach ten-quarter high of $4.5 billion
Turboden enters the geothermal market by the front door
Turboden-Mitsubishi partnership aims to expand its geothermal references list
as 5 new MW geothermal power plants are underway
Trojan Battery Launches Smart CarbonT Line of Advanced Lead Acid Batteries Smart Carbon Designed to Improve Battery Performance in Partial State of Charge
Trojan Battery is the first manufacturer to introduce a carbon additive as
a standard feature in its deep-cycle flooded batteries used in RE, inverter
backup and telecom applications.
Clariant's CATOFIN® Technology drives world's largest propane dehydrogenation unit
New 600 kta Propane Dehydrogenation (PDH) unit on-stream in November 2013----
New unit exceeded nameplate capacity in the first month of operation----
First PDH unit operating in China
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