RenewablesRenewables
Renewable energy capacity set to skyrocket by 2030
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25 Apr 2013
- Published on Thursday, 25 April 2013 08:25
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Annual investment in new renewable power capacity worldwide is set to grow over four fold between 2013 and 2030, according to new research by Bloomberg New Energy Finance. The most probable scenario showed investments in renewable energy skyrocketing by 230 percent to $630 billion per year by 2030, driven by improvements in the cost-competitiveness of wind and solar technologies. The increase in development of...
Australia’s power sector emissions hit 10-year low
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15 Apr 2013
- Published on Monday, 15 April 2013 08:44
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The emissions from Australia’s power sector dropped significantly at the start of this year as the amount of coal-generated electricity in the country’s power mix fell to its lowest levels in the last 10 years, found energy and carbon research firm RepuTex in their newest quarterly emissions outlook report. Coal power comprised 74.8 percent of the country’s National Electricity Market in the three...
Global geothermal capacity to hit 28.6 gigawatts by 2030
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15 Apr 2013
- Published on Monday, 15 April 2013 08:40
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Solar and wind may be the most well-developed and widely-exploited renewable energy sources today but another alternative source of energy – geothermal power - is emerging and ready to compete with these two. Geothermal energy is expected to grow more than double by 2030 as developing countries like Indonesia, Chile and Kenya tap into the clean power available beneath their surfaces, according to...
Ormat announces agreements for 330 MW geothermal project in Indonesia
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05 Apr 2013
- Published on Friday, 05 April 2013 08:10
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Sarulla Operations Ltd. has signed joint operating contract and energy sales contracts for their 330 megawatt Sarulla geothermal power project in North Sumatra. The Sarulla project, located in Tapanuli Utara, North Sumatra in Indonesia is said to be the largest single contract geothermal power project in the country. The project will be implemented in three phases of 110 MW each, using both steam and brine extracted from...
Renewable energy reserves greater than expected – study
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20 Mar 2013
- Published on Wednesday, 20 March 2013 09:33
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Wind and bioenergy reserves in the United States and Brazil are relatively significant compared to oil and gas reserves, found a new study by Bloomberg New Energy Finance. According to the study, the energy resource equivalent of existing renewable projects in Brazil is comparable to more than two fifths of the country’s proven oil and gas reserves. Meanwhile, the U.S. holds larger oil and gas basins but the report noted...
Japan to become world’s second largest P.V. market in 2013, passing Germany and the U.S.
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19 Mar 2013
- Published on Tuesday, 19 March 2013 09:36
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Japan is making significant strides toward renewable energy development, particularly in solar and wind, in the aftermath of Fukushima disaster in 2011. This year, the country will add over 5 gigawatts of solar photovoltaic capacity, surpassing Germany and the United States, forecasted a new report from IMS Research, part of consultancy firm IHS Inc. According to The P.V. Market in Japan report, the...
Solar, wind projects approved for California and Nevada
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14 Mar 2013
- Published on Thursday, 14 March 2013 09:38
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Three major renewable energy projects in the United States have been approved by the Department of the Interior. Two are solar projects that will be located at California, while the third is a wind project in Nevada. Overall, these projects are expected to bring in 1,100 megawatts of power to the grid – enough to power more than 340,000 homes – and help avoid about 800,000 metric tons of carbon emissions annually. The approvals are part of the...
Andean region eyes geothermal future
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12 Mar 2013
- Published on Tuesday, 12 March 2013 10:04
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The Andes region of Latin America is planning to tap into the thousands of megawatts of clean energy available to them from geothermal sources, according to the International Renewable Energy Agency. Latin America has some of the world’s largest potential for geothermal energy, estimated at 35,500 megawatts. The Andean mountain countries including Bolivia, Chile, Colombia, Ecuador, and Peru account for a significant...
Guest Post: Advanced Austrian technologies at the SEE Eco Forum & Exhibition (29-31 May 2013, Sofia, Bulgaria)
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08 Mar 2013
- Published on Friday, 08 March 2013 03:06
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The implementation of innovative eco technologies are of key importance for the countries of the South-East European Region. They have already stepped on the road of the sustainable growth but a lot of investment should be made in energy and waste management sectors for their further development. The forthcoming edition of the South-East European Eco Forum & Exhibition will gather experts and managers from whole Europe...
World Bank looking to finance geothermal exploration in developing countries
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07 Mar 2013
- Published on Thursday, 07 March 2013 09:46
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The World Bank has launched a major international effort to expand geothermal power generation in developing countries. The Global Geothermal Development Plan aims to mobilize an initial $500 million to identify promising geothermal sites and leverage financing for exploratory drilling. According to the World Bank, many developing nations have immense potential for geothermal energy, including those in the East Africa,...
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